Property Experts Academy

19/07/2023

Why Overseas investor should Invest in UK

17/07/2023

Rising interest rates have pushed mortgage overpayments to their highest levels in more than 20 years as householders struggle to reduce their debts.

Many people with money to spare are choosing to reduce the amount they owe in an effort to tackle the spiralling rates that have left so many others with huge bills once their fixed-rate deal ends and they go on to a new product.

But, at the same time, many banks are offering the best deals on savings accounts in years. So is overpaying your mortgage a good way to deal with the threat of bill shock? Or are you better off putting any spare money aside in a savings account?

How does it work?
Mortgage repayments are not set in stone. They can often be increased, so that more is taken off the total amount owed, and therefore the term of the mortgage is reduced.

08/12/2022

STERLING DROPS AS FALLING UK HOUSE PRICES ADD TO RECESSION WORRIES
Sterling fell on Thursday against the U.S. dollar and euro as the Royal Institution of Chartered Surveyors said Britain saw in November the most widespread house price falls since early in the COVID-19 pandemic.
The survey showed demand from buyers and sales activity slowed in the face of higher borrowing costs.
Investors also pondered how interest-rate hike bets by the Bank of England will worsen the recession outlook in Britain.
The Bank of England (BoE) is expected to raise bank rate by 50 basis points to 3.50% next week despite the economy moving towards recession, as it battles inflation running at more than five times its target, a Reuters poll found.
Quarterly forecasts suggest the economy shrank 0.2% last quarter and will contract by 0.4% in this one, meeting the technical definition of recession.
AT PEA www.propertyexpertsacademy.com we are offer various property investment training and mentoring service. The founder of PEA Mr Gupta is an internationally known Property Expert, Author, entrepreneur, Property Investor & Mentor who has bought, control and sold over 500 properties all together over last 20 years worldwide.
We work with motivated and ambitious people just like you that want to quit their 9 to 5 jobs and embrace the investment route to become financially free.

13/09/2021

A Los Angeles megamansion once expected to list for $500 million has gone into receivership after the owner defaulted on more than $165 million in loans and debt, according to court filings.

The 105,000-square-foot Bel Air estate, known as “The One,” was placed into receivership by the Los Angeles County Superior Court and is expected to be relisted at a lower price in the coming months, according to people familiar with the property.

The receivership marks a stunning reversal for “The One” and its flashy developer, Nile Niami, who often touted the property as his “life mission” and “the biggest, most expensive home in the urban world.”

Expected to hit the market in 2017 with a price tag of $500 million, “The One” has been dogged by repeated delays, funding problems and changing strategies. The home stretches like an ultra-modern palace over eight acres on a hilltop overlooking LA. It has nine bedrooms, multiple kitchens, a nightclub, four-lane bowling alley, salon, gym, 50-seat theater, a running track and an underground garage for 50 cars, with two auto turntables. Its seven water features include multiple pools, a whirlpool bath and a moat that surrounds the house. The master bedroom suite is 4,000 square feet. Every door in the house is electric, along with all the toilets. Niami had planned a “jellyfish room” and ice bar but both proved too costly.

27/07/2021

Covid pandemic in UK ‘could largely be over by October,’ says Neil Ferguson

The Covid-19 pandemic in Britain will largely be over within three months, a leading epidemiologist predicted on Tuesday.
Professor Neil Ferguson, from Imperial College London, believes cases are now “plateauing”. He is still urging “caution” as there could be a new peak after lockdown laws were scrapped last Monday.
But he stressed vaccines had “fundamentally changed” the equation in combating the disease.

30/05/2021

PRIVATE RENTERS IN ENGLAND ON ‘CLIFF EDGE’ AS EVICTION BAN ENDS
Almost two million private renters fear they will be unable to find another property if they lose their home after the eviction ban is lifted, ministers are being warned.
With the ban coming to an end this week, the government is facing demands for emergency legislation to increase the permanent protection for those struggling to pay their rent as a result of the Covid pandemic. Councils are also warning of a “cliff edge” of homelessness in the months ahead unless action is taken, with a potential £2.2bn bill for the state.
Private renters are those most at risk at the end of the ban, which has been repeatedly extended amid concerns about the build-up of rent arrears during the crisis. Among private renters in England who are worried about losing their home and who are already cutting back on heating and food to pay rent, 72% are worried they will be unable to find another home in the future. The finding, from a study by homelessness charity Shelter, equates to about 1.9 million privately renting adults.
It also found that, among the group, 47% had made unacceptable compromises to fund their rent, such as living far away from family support or accepting poor conditions and overcrowding. Of all private renters in England, 20% have had to cut back on food or heating, compared with 8% of homeowners.
Polly Neate, Shelter’s chief executive, said Covid had exposed a “broken” private rented sector. “The end of the evictions ban is a day many terrified renters are dreading,” she said. “The next few months present a scary time for the hundreds of thousands of renters who are in debt and already cutting back on just about everything, including food, to pay their rent. They know they are hanging on to their homes by a thread. The clock is now ticking for the government to stem the tide of evictions or face an even bigger homelessness crisis.”

Eviction Process for Landlord

21/05/2021

RESIDENTIAL EVICTION MORATORIUM TO END 31ST MAY 2021

During the pandemic, notice periods were raised to six months, however, from 1st June, these will reduce to four months. The plan is to return to pre-Covid levels from 1st October, subject to public health advice and progress with the roadmap.
Notice periods for cases where there is four or more months’ of unpaid rent, will reduce to 2 months’ notice from 1 August.
The Government states that this is to continue to offer tenants protection but also allowing landlords to access justice. 45% of private landlords own just one property and are highly vulnerable to rent arrears.

During the pandemic, notice periods were raised to six months, however, from 1st June, these will reduce to four months. The plan is to return to pre-Covid levels from 1st October, subject to public health advice and progress with the roadmap.
Notice periods for cases where there is four or more months’ of unpaid rent, will reduce to 2 months’ notice from 1 August.
The Government states that this is to continue to offer tenants protection but also allowing landlords to access justice. 45% of private landlords own just one property and are highly vulnerable to rent arrears.
Serious cases
Notice periods for the most serious cases that present the most strain on landlords will remain lower:
• Anti-social behaviour (immediate to 4 weeks’ notice)
• Domestic abuse in the social sector (2 to 4 weeks’ notice)
• False statement (2 to 4 weeks’ notice)
• Over 4 months’ accumulated rent arrears (4 weeks’ notice)
• Breach of immigration rules ‘Right to Rent’ (2 weeks’ notice)
• Death of a tenant (2 months’ notice)
White paper on changes to the sector
The Government has also announced that a white paper will be published in the autumn, setting out proposals to create a fairer private rented sector, including the abolition of Section 21 evictions and a new ‘lifetime deposit’.

14/03/2021

How to scan your local street to make money in Real Estate

30/01/2021

PLANT TREES AUTOMATICALLY AS YOU LEARN ABOUT PROPERTY INVESTMENT
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21/01/2021

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13/01/2021

GOVERNMENT REFORMS MAKE IT EASIER AND CHEAPER FOR LEASEHOLDERS TO BUY THEIR HOMES
MILLIONS OF LEASEHOLDERS WILL BE GIVEN A NEW RIGHT TO EXTEND THEIR LEASE BY 990 YEARS.
Millions of leaseholders will be given the right to extend their lease by a maximum term of 990 years at zero ground rent, the Housing Secretary Robert Jenrick has announced today (7 January 2021).
Today’s measures come as part of the biggest reforms to English property law for 40 years, fundamentally making home ownership fairer and more secure.
Under the current law many people face high ground rents, which combined with a mortgage, can make it feel like they are paying rent on a property they own.
Freeholders can increase the amount of ground rent with little or no benefit seen to those faced with extra charges. It can also lengthen and lead to increased costs when buying or selling the property.
Today’s changes will mean that any leaseholder who chooses to extend their lease on their home will no longer pay any ground rent to the freeholder, enabling those who dream of fully owning their home to do so without cumbersome bureaucracy and additional, unnecessary and unfair expenses
For some leaseholders, these changes could save them thousands, to tens of thousands of pounds.
Housing Secretary Rt Hon Robert Jenrick MP said:
Across the country people are struggling to realise the dream of owning their own home but find the reality of being a leaseholder far too bureaucratic, burdensome and expensive.
We want to reinforce the security that home ownership brings by changing forever the way we own homes and end some of the worst practices faced by homeowners.
These reforms provide fairness for 4.5 million leaseholders and chart a course to a new system altogether.
The government is also now establishing a Commonhold Council - a partnership of leasehold groups, industry and government - that will prepare homeowners and the market for the widespread take-up of commonhold.
The commonhold model is widely used around the world and allows homeowners to own their property on a freehold basis, giving them greater control over the costs of home ownership. Blocks are jointly owned and managed, meaning when someone buys a flat or a house, it is truly theirs and any decisions about its future are theirs too
Professor Nick Hopkins, Commissioner for Property Law at the Law Commission said:
We are pleased to see government taking its first decisive step towards the implementation of the Law Commission’s recommendations to make enfranchisement cheaper and simpler.
The creation of the Commonhold Council should help to reinvigorate commonhold, ensuring homeowners will be able to call their homes their own.
Under current rules, leaseholders of flats can extend their lease at a zero ‘peppercorn’ ground rent, but usually only for 90 years. Leaseholders can also face high charges to extend their lease. For leasehold house owners, which face slightly different rules, they can also face barriers when they look to extend their leases.
Today’s changes mean both house and flat leaseholders will now be able to extend their lease to a new standard 990 years with a ground rent at zero.
A cap will also be introduced on ground rent payable when a leaseholder chooses to either extend their lease or become the freeholder. An online calculator will be introduced to make it simpler for leaseholders to find out how much it will cost them to buy their freehold or extend their lease.
The government is abolishing prohibitive costs like ‘marriage value’ and set the calculation rates to ensure this is fairer, cheaper and more transparent.
Further measures will be introduced to protect the elderly. The government has previously committed to restricting ground rents to zero for new leases to make the process fairer for leaseholders. This will also now apply to retirement leasehold properties (homes built specifically for older people), so purchasers of these homes have the same rights as other homeowners and are protected from uncertain and rip-off practices.
Leaseholders will also be able to voluntarily agree to a restriction on future development of their property to avoid paying ‘development value’.
Legislation will be brought forward in the upcoming session of Parliament, to set future ground rents to zero. This is the first part of seminal two-part reforming legislation in this Parliament. We will bring forward a response to the remaining Law Commission recommendations, including commonhold, in due course.
AT PEA www.propertyexpertsacademy.com we are offer various property investment training and mentoring service. The founder of PEA Mr Gupta is an internationally known Property Expert, Author, entrepreneur, Property Investor & Mentor who has bought, control and sold over 500 properties all together over last 20 years worldwide.
We work with motivated and ambitious people just like you that want to quit their 9 to 5 jobs and embrace the investment route to become financially free.

We are an internationally known property expert, author, entrepreneur, property investor and mentor. If you are ready to escape your regular job, then start building your property portfolio now!

01/01/2021