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Posts Tagged ‘rent guaranteed’

Guaranteed rent insurance | Is property investing just a prime London bet?

Guaranteed rent insurance | Is property investing just a prime London bet?

 

guaranteed rent insurance

As investors continue their return to property, are there opportunities to be found outside London’s prime assets, or even away from bricks and mortar altogether?

April saw property funds regain further ground, with the IMA Property sector ranked the 10th most popular sector for the month after it recorded £98m in net retail sales, compared with £33m for March 2013.

 

*We seek properties all over England for our guaranteed rent scheme. All properties must be clean, in a good state of repair, fit for human habitation and safe. If they are not we may be able to help you anyway so it is worth giving us a call 020 8694 8098. Why settle for guaranteed rent insurance when you can benefit from 3Let’s guaranteed rent scheme?*

Ignis property director Gary Hutcheson says the return to property comes as the asset has began once again to fulfill its traditional function as a diversifier.

He says: “In the current environment we are left in a position where equity markets are very volatile and gilt markets provide negative real returns.

“Property is sitting amidst this with an income of 6 per cent plus, and providing inflation protection with this income too. It looks like property is going back to being a good diversifier and providing investors with a good income return.”

However as demand for property increases, some managers argue that prime locations and assets are becoming expensive and look instead to a range of alternative property investments.

Kames Capital chief investment officer Stephen Jones says: “There is a move away from the very expensive safe haven assets of central London and there is beginning to be some value in sensibly stock picked and assessed second tier, second city properties around the UK.”

Standard Life Investments manager Jason Baggaley adds the long-dated income commonly associated with prime assets is expensive.

The manager of the SLI Property Income Trust is now looking to short-dated leases in areas where there is low supply of good quality accommodation, such as Staines, Edinburgh, Glasgow and Manchester.

He says: “I also like short leases in these areas because I do not think this supply issue will change in the near future – there is very little building going on.”

Schroders head of property research Mark Callender highlights a potential future opportunity to invest in clusters of property occupied by the technology, media and telecoms (TMT) sector across Europe.

Callender gives examples of these “tech-clusters” in fringe office locations in big cities such as London, while others can be found in university cities including Cambridge and Reading.

According to Callender, the TMT sector shows signs of becoming a future leader for economic growth in Europe, whilst already showing visible benefits for property.

He says: “The growth of the TMT sector has been an important driver behind the fall in vacancy and recovery in office rents in certain cities such as Cambridge, Karlsruhe, London’s West End and Munich since 2010.”

However Callender does point out that tech-cluster property may not be suited to investors who favour the security and quality of prime assets.

He sayss: “The real attraction of fringe office locations is that while rental growth may be negligible, investors who have good property management skills and who can keep their buildings fully occupied, are likely to achieve yields which are 100-300 bps higher than in the adjacent central business district.”

Aberdeen Asset Management investment manager Sanjeet Mangat puts forward the alternative argument for investing in property shares, as a way to gain liquid exposure in what is a traditionally illiquid asset.guaranteed rent insurance

She says: “Liquidity is key. Markets have been volatile and people are quite keen to know that they can get their money in and out of the market quickly. Monthly valuations of standing buildings are not as liquid a market compared to a NAV to market each day.”

* 3Let’s guaranteed rent scheme is better than traditional guaranteed rent insurance call 020 8694 8098 to find out why*

The Aberdeen Property Share fund invests in listed property companies as well as companies that derive a significant proportion of their profit for revenues from property.

Mangat says the fund’s 24 holdings, “each with hundreds of buildings in their own portfolios”, create huge diviersity while avoiding the “material single asset risk” that comes with physical property.

She adds: “London and the south-east remain more resilient and show more potential for long-term growth. Our portfolio is concentrated on prime assets here.”

Other fund managers are also continuing to put prime assets first. The Henderson UK Property fund co-manager Marcus Langlands Pearse says his portfolio will “always focus on the south east”, because of the liquidity in that area of the market.

However he acknowledges opportunities are emerging within secondary property. He says: “Fundamentally good properties in the regions or with shorter leases are increasingly being seen as undervalued.”

Langlands Pearse adds he has recently acquired assets outside typical prime locations including a cinema in central Cardiff, a factory in the midlands and is also considering the purchase of property in Scotland.

Murphy Financial associate partner Adrian Murphy argues the case for sticking to bricks and mortar property funds. He says: “As much as property company shares are exposed to property, you are still ultimately driven by the market sentiment rather than income and valuations.

“That is no use for us, it is totally against why we would look to put money into property funds in the first place.”

Cube Financial Planning co-founder Mike Godfrey uses “two core themes” of direct UK commercial and REITs when investing in property. He says: “We have property as a diversifier.

“We believe this combination, with the right proportions, works well as an alternative investment as part of a portfolio.”

Source: http://www.fundweb.co.uk/alternatives/is-property-investing-just-a-prime-london-bet/1073245.article

3Let allows you to guarantee your rent for a term of 1 to 5 years. Contact Guaranteed Rental today on 020 8694 8098 to find out more.

guaranteed rent insurance | AMI: Steady improvement for housing market

guaranteed rent insurance | AMI: Steady improvement for housing market

We seek properties all over England for our guaranteed rent scheme. All properties must be clean, in a good state of repair, fit for human habitation and safe. If they are not we may be able to help you anyway so it is worth giving us a call.

guaranteed rent insurance

The housing market is experiencing a steady improvement as higher loan to value lending and increasing confidence bolster house prices, the AMI Quarterly Economic Bulletin has revealed.

In terms of mortgages AMI said that the first-time buyer market has made its strongest start since 2008, citing recent CML data showing first-time buyer house purchase loans accounting for 43% of all new mortgages in February.guaranteed rent insurance

Gross lending is up 2% year on year, totalling £25.4bn, and the Association forecasts that it will hit £155bn this year. Net lending totalled £11.5bn in 2012. Although redemptions and repayments have not been drastically outstripped by new mortgage lending in the early part of the year, AMI believes we will likely see 2012’s net lending total overtaken as availability improves.

The Bulletin also found that the geographical divide in UK house prices is widening as renewed fears about the stability of the eurozone continues to fuel investment in central London. While prices have risen 6.3% annually in London and 2% in the South East, according to the latest Land Registry data, they’ve actually fallen in four regions.

However the Association said that escalating fees may discriminate against lower end borrowers who already face an uphill battle to save for both a deposit and stamp duty.guaranteed rent insurance

Robert Sinclair, chief executive of the AMI, said: “Mortgage fees continue to rise as rates have dropped – the initial fee payable to secure a mortgage product has increased. Moneyfacts calculates that the average fee is now £1,522, the highest in 25 years.

guaranteed rent insurance

“Initial arrangement fees are good news for lenders, allowing profit to be booked on day one.

“However the concern is that escalating fees may discriminate against lower end borrowers, who already face an uphill battle to save for both a deposit and the cost of the stamp duty tax.

“In this environment advice will be more crucial than ever and prospective borrowers will need the insight of intermediaries to navigate beyond headline rates to find the most affordable and appropriate mortgage products.”

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Guaranteed Rental Scheme is a great way to take advantage of the strong letting market without having to handle the headaches. Please contact us on 020 8694 8098 for extensive references to see how we can help you today.

Rent Guaranteed | Traders claim Oxford Covered Market rent rises threaten its survival

Rent Guaranteed | Traders claim Oxford Covered Market rent rises threaten its survival

Being a property management company specialising in guaranteed rent that the biggest drawback of owning a rental property is void periods in between tenants. A buy-to-let property is no good as an investment if it isn’t making any money. This is why we offer a great guaranteed rent solution.

Rent Guaranteed

TRADERS say Oxford’s Covered Market is facing the most critical battle in its 200-year history as it fights for survival.

Talks with Oxford City Council aimed at finding a compromise on rent rises have collapsed.

The issue will now be dealt with by an independent arbitrator.Rent Guaranteed

The council, which runs the market, is proposing putting up the majority of tenants’ rents, some by as much as 70 per cent.

It announced the increase last year and negotiations have been taking place since then.

But Vicki Alder, of Macsamillion shoe shop in the market, said: “The market is in jeopardy. If the council were to get this rent increase I could see a great number of people who will not be able to afford it.”

Chris Farren, head of the Covered Market Traders’ Association (CMTA) and owner of The Cake Shop, said the two parties were still “miles apart”.

He said: “We have reached an impasse.

“No-one can deny it’s difficult trading conditions and it’s silly to push for such a massive increase. We’re talking up to 70 per cent here. It’s unsustainable.

“If the city council is successful, then many of the shops will simply not survive.

“This is the most important moment in the market’s history. If the council achieves the rent it’s aiming for, the market will change dramatically.”

Mr Farren, who pays £33,000 a year for his unit and is facing a £5,000 increase, said the new rents were due to come into force at the end of last year, meaning traders could end up owing arrears.

Last year one in six businesses in the market, which dates back to 1774, said they were looking to sell up.

Stephen Reeves, a partner at Central Business Agency, which handles the sale of the market’s leases, said: “Since then there has not been any great change in the number of units available.”

Two groups of traders have been negotiating separately – one made up of just four traders and another, headed by the CMTA, which represents the other 42.Rent Guaranteed

The rents for both groups will now be decided by an arbitrator at the Royal Institute of Chartered Surveyors. Traders have now launched a petition – which gained more than 500 signatures in its first week – and a leafleting campaign to gather support.

Baron Robert Pouget, owner of the Oxford Cheese Company, said: “The city council has got a potential winner here, but it doesn’t appreciate the potential of what the market was and what it could be.”

Rent Guaranteed

But city council leader Bob Price said he supported the market.

He said: “Clearly it is our aspiration to retain the Covered Market as a place where there are independent shops and a variety of different trades.

“The process for setting rents in the Covered Market is no different than for any commercial landlord.”

He added some of the retailers had already agreed their rent for the next five years with the council.

City council spokesman Louisa Dean said: “The council appointed a local chartered surveyor to advise on the rental values and there have been on-going negotiations between the council’s surveyor and the tenants’ appointed agents.

“Some of the reviews are going to arbitration and this is normal if a negotiated settlement cannot be reached.”

The petition can be found at ipetitions.com/petition/save-the-covered-market/
Stalls story

The creation of Oxford’s Covered Market was intended to rid the city’s streets of “untidy, messy and unsavoury stalls”.

Street markets in Fish Street, which is now St Aldate’s, and Butcher Row, which is now Queen Street, were stopped by the Oxford Mileways Act 1771, which also established a committee of six university and six city representatives to build a new market.

John Gwynn, the architect behind Magdalen Bridge, drew up the plans and designed the High Street front with its four entrances.

Originally the market was home almost exclusively to butchers, but expanded to sell the wide range of goods currently available.

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Our rent guarantee scheme provides you with between 1 to 5 years worth of guaranteed rental income. What’s more, there’s no catch and no fees involved. Contact Guaranteed Rental today on 020 8694 8098 to find out more.

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