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My failure from the last year . Analysing 2023 Just a quick overview , this purchase was failed last year because the ve...
19/01/2024

My failure from the last year .
Analysing 2023
Just a quick overview , this purchase was failed last year because the vendor decided to increase agreed price few days before exchange .
Now I’m trying to analyse was it worth it ?
property being sold for £290,000 the average built in the area around -£3000 per square metre in average to build a four bedroom house in area will cost you about -£350,000, which gives us approximately a total of £640,000 to buuld and purchase .
Average sale price in the area in range of £500k- to £600,000.
Pproject never was an investment. Luckily we analyse it on the right time and we didn’t go with this purchase. If you’re interested about how to analyse different projects please let me know in the comments You can see some successful stories, some unsuccessful stories and we all can learn from mistakes. 🫶🏻🫶🏻🫶🏻

Do you know circumstances which allow you to build on the Green Belt corridor? 🏡 The national planning policy framework ...
24/07/2023

Do you know circumstances which allow you to build on the Green Belt corridor? 🏡
The national planning policy framework (NPPF) sets out the government's planning policies for England. In relation to the green belt, the NPPF states that:

- The green belt serves five purposes: to check the unrestricted sprawl of large built-up areas; to prevent neighbouring towns from merging into one another; to assist in safeguarding the countryside from encroachment; to preserve the setting and special character of historic towns; and to assist in urban regeneration by encouraging the recycling of derelict and other urban land.
- The general extent of green belts across the country is already established, and changes to their boundaries should only be made in exceptional circumstances.
- Local authorities should have a clear strategy for enhancing the beneficial use of their green belt, such as promoting opportunities for access, sport and outdoor recreation, and enhancing the natural and built environment.
- Development within the green belt should be avoided except in very special circumstances. These might include the provision of appropriate facilities for outdoor sport, outdoor recreation and cemeteries, and the limited infilling or partial redevelopment of previously developed land.
- When considering whether any other form of development is appropriate, local authorities should take account of the need to promote sustainable patterns of development, and should regard the construction of new buildings as inappropriate in the green belt.

Overall, the NPPF emphasizes the importance of protecting the green belt as an essential part of the country's natural and built heritage, and sets out a framework for balancing this protection with the need for sustainable development.
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I always see dodgy side when the government create schemes to help people. Is it only me?💁❓Downsides to a 100% mortgage:...
17/05/2023

I always see dodgy side when the government create schemes to help people. Is it only me?💁❓

Downsides to a 100% mortgage:

* If the value of your property goes down, you could go into negative equity. 📉If you need to sell for any reason you could end up still owing the bank money if your home is worth less than you paid for it. This is a particular risk if you need to sell early on in your mortgage. 
* Having a larger mortgage means you’ll spend more on interest than if you were able to save for a deposit.  
* There are fewer 100% mortgages than more standard 90% or 95% mortgages so you’ll have less choice and could have a higher interest rate. It could be cheaper in the long run if you can save a deposit.  
* You might need to look at cheaper properties because usually, your budget would be your deposit plus the amount your lender will offer you. When you get a mortgage with no deposit, you’ll have a lower budget.  
* When you come to remortgage, you might not be able to access the best deals if your loan to value (LTV) is still high. 🧐
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The question is : Who lives in London?£££If no one can afford it! Who lives there?Look at my small research by very impo...
16/05/2023

The question is : Who lives in London?

£££

If no one can afford it! Who lives there?

Look at my small research by very important professions and let me know what do you think. ❤️❤️❤️
Do you think we have a future?

It’s no secret: some jobs pay better than others. So, we’ve looked at average London salaries for an array of different industries, to see what professions give buyers the most choice when it comes to finding a London home.

Nurses make just over £28,000, meaning they can only afford to live near 2% of all London Underground, Overground, and DLR stations.

Teachers earn £30,000, and would benefit most from teaching in east London. Eight out of 10 affordable locations are based there: Newbury Park, Redbridge, Upney, Chigwell, Hornchurch, Wanstead, Dagenham East, and Dagenham Heathway.

Firefighters earn nearly £31,000. They have the same options as teachers, with the added option of Becontree.

Bus Drivers earn almost £25,000. They would need to drive all the way to Upney, Oakwood, Redbridge, or Newbury Park to afford a London home.

Journalists earn about £41,500, which means they can afford to live near 15% of all London stations.

Marketing Managers make £45,000, which could get them a mortgage on a property near 22% of all stations.

Sales Assistants earn just over £16,000, pricing them out of buying a home in London entirely.

CEOs earn close to £134,000. This means they can afford the average mortgage across all stations — except for Circle line. They can afford to live by 84% of all London stations.

Developers earn just over £40,000, which mean It’s no secret: some jobs pay better than others.

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Best areas to invest in London 2023 🎡part 1️⃣Penge SE20The plus points of Penge are its two stations, east and west. Tra...
04/05/2023

Best areas to invest in London 2023 🎡

part 1️⃣

Penge SE20

The plus points of Penge are its two stations, east and west. Trains to either Victoria or London Bridge take around 20 minutes (Zone 4).

Most local primary schools hold “good” reports from Ofsted – and Harris Primary Academy Kent House is “outstanding”.

For older pupils the Harris brand also prevails with its Academy secondary schools in nearby Upper Norwood and Beckenham also getting top marks from the school’s watchdog.

On the downside Penge High Street is dreary – fast food and discount stores outnumber anything more fun – but it would meet all your everyday needs.

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The Crystal Palace triangle is a short walk away.

5 signs if you have Bad tenants 🏘️Late Payments🤦‍♀️Don’t panic if their first debit or standing order is a few days over...
28/04/2023

5 signs if you have Bad tenants

🏘️Late Payments🤦‍♀️
Don’t panic if their first debit or standing order is a few days overdue or fails to appear at all, as often this can be down to a clerical error at the bank.

📣Speak to the tenant and ask them if there’s a problem and remind them that the rent should always be paid by the due date. 💯However, if you get a couple of late payments in a row, you should ask them directly if they’re having difficulty with the rent and discuss how you can sort this out.

Constant Complaining🤪
If you suspect that tenants are starting to find things to moan about it could be that they’re trying to find excuses to withhold their rent.

😱Unhappy Neighbours😡😡

Encourage neighbours to let you know if they’re disturbed by any anti-social behaviour on your property, which might be a sign that they’re not taking care of it.

The Silent Treatment🤐
If a tenant stops paying their rent and fails to answer your calls, letters or emails, there’s only one way this is going to end and that’s with their eviction. Move as fast as a rat out of a trap to start proceedings to avoid rent arrears building up.

Reference Your Tenants First to Avoid Problems📰
Remember that, when it comes to tenants, often behaviour will repeat itself. Identify potential problem tenants before they enter your property by ensuring they are referenced.👌



Starter checklist for landlords (2023)Ensure the rental property is safeThe safety of your tenants is paramount, and fai...
22/04/2023

Starter checklist for landlords (2023)

Ensure the rental property is safe
The safety of your tenants is paramount, and failure to provide a safe and habitable home for them to occupy could lead to hefty fines.

Landlords are legally required to install at least one smoke alarm on every property floor and a carbon monoxide detector in every room where a solid fuel-burning appliance is present.

Regulations for renting a house in multiple occupation (HMO) are even firmer. Landlords with HMOs should check the government guidance .
It is also a legal requirement to provide tenants with a valid Gas Safety certificate (also known as a CP12) at the start of the tenancy.
As the landlord, you must also make sure:
* All sockets, light fittings and the overall electrical system are safe
* Cookers, kettles, and other appliances provided in the home are safe
Arrange an EPC
Since 2007, rental properties in England and Wales have required an Energy Performance Certificate (EPC). These must be given to the tenants on the day they move in.

EPC requirements changed for landlords in 2018 by introducing a minimum energy rating of 'E' or above for new tenancies. Now, the rule applies to all tenancies, not just new ones.

With such a heavy focus on energy efficiency in the home, landlords must order an EPC before marketing their property.

Carry out a Right to Rent check
Launched in 2016, 💥the right to rent 💥requires landlords and letting agents to determine the immigration status of prospective tenants by checking ID

Reference your tenants
Tenant referencing usually includes all of the tenant's basic information as well as previous or current employment details, addresses, bank statements and references from their current landlords.

Arrange a tenancy agreement
The most common tenancy type is an Assured Shorthold Tenancy (AST).

To make changes to any tenancy agreement terms, you must first get the tenant's approval.
Protect your tenants' deposits

As of June 2019, as part of the Tenant Fees Act, security deposits have been capped at five weeks'

Get insured and licence
As a landlord you must have the appropriate insurance.
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