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EvilEdna

A Btl Empire Collapses

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Dear Investor

We have secured a portfolio of 30 properties from one investor who needs a very quick sale due to financial reasons. The properties are located in the North West of England and are all currently tenanted. We have negotiated 24% discounts from current market values and the properties are available for individual purchase.

The tenants are all on AST contracts producing rental yields of up to 17%. Choices have secured a local letting agent to fully manage the properties.

Given the size of the investment and expected demand, please pre-register your interest with your Property Investment Advisor on 01342 840000.

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Dear Investor

We have secured a portfolio of 30 properties from one investor who needs a very quick sale due to financial reasons. The properties are located in the North West of England and are all currently tenanted. We have negotiated 24% discounts from current market values and the properties are available for individual purchase.

The tenants are all on AST contracts producing rental yields of up to 17%. Choices have secured a local letting agent to fully manage the properties.

Given the size of the investment and expected demand, please pre-register your interest with your Property Investment Advisor on 01342 840000.

17% yield?

and the BTL guy needs to sell?

Oh yeah, compared to what he paid, the yield may well be 0%

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Dear Investor

We have secured a portfolio of 30 properties from one investor who needs a very quick sale due to financial reasons. The properties are located in the North West of England and are all currently tenanted. We have negotiated 24% discounts from current market values and the properties are available for individual purchase.

The tenants are all on AST contracts producing rental yields of up to 17%. Choices have secured a local letting agent to fully manage the properties.

Given the size of the investment and expected demand, please pre-register your interest with your Property Investment Advisor on 01342 840000.

Tidy, any in the Southport area?

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I just got one as well

Bank repossession sale: buy for less than build cost

Llangollen, LL20. Property summary:

3 bed flats for £115,000 (direct from repossessing bank)

Comparative flat on same site sold for £230,000 recently

New build = low hassle/ low maintenance investment

High spec finish including fitted appliances, underground parking etc

70% finance available (subject to status)

Invest from £39,000 (including all fees and deposit)

7.0% yield = rental incomeand large immediate equity

7.0% (gross no doubt) IN RETURN FOR BEING HIGHLY LEVERAGED IN A FALLING MARKET????? WHERE DO I SIGN UP?

Edited by Bes

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(jokingly) is this anything to do wqith transfer deadline day yesterday - footballers suddenly got no income to subsidise their BTL investments anymore...?

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17% yield?

and the BTL guy needs to sell?

Oh yeah, compared to what he paid, the yield may well be 0%

Good point, but here's the rub. If he can make 17% on the current price, why not just buy it back from himself as a new investmen and seize the new opportunity to offset previous losses?

Simples!

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A Btl Empire Collapses

Lots of BTL Empires are collapsing... juicy bit in red.

Dear Bidder,

Allsop Residential is pleased to announce the release of its fifth catalogue of the year. The sale will be held on Thursday 15th September at the Park Lane Hotel, Piccadilly, London, W1. A total of 332 lots will be offered (unless sold prior or withdrawn).

Clients represented at this important sale include...

London Borough of Greenwich, London Borough of Harrow, Metropolitan Housing Trust, Hexagon Housing Association, Hyde Housing Association, Mountview Estates plc, Regis Group plc, Family Mosaic, L&Q Group, Grainger Ramp Ltd, Amicus Horizon Limited, British Waterways, Budgens Stores Ltd, The Treasury Solicitors Office (BV), Halifax plc, Administrators, Charities, Mortgagees, Receivers, Executors and Trustees.

In summary, the catalogue includes:

  • 146 distressed lots
  • 20 lots from 8 housing associations
  • 7 lots from 3 local authorities
  • 15 regulated tenancy investments
  • 31 ground rent investments

We are delighted with the quality of stock in this catalogue. There are some very interesting opportunities available including, for example:

  • A Freehold beach front property at St Mary's on the Isles of Scilly (Lot 18 )
  • Two family houses in London's St John's Wood, both on behalf of receivers (Lots 25 and 46)
  • A pair of Freehold mews buildings in London's Bloomsbury (Lots 33 and 34)
  • An unbroken parcel of 19 Long Leasehold houses in Sharpness, Gloucestershire on behalf of British Waterways (Lot 79).

Allsop continues to strengthen its market position. Our last residential auction sale on 14th July has to date raised £48.8m (87% sold). Our total sales for the year (2011) now stand at £178 m (88% against an industry average of 73%).

According to the Estates Gazette Auctioneers League Table (July 2011), Allsop Residential remains the UK NUMBER ONE auction house in its field on all counts, namely sales total, success rate and market share (11.1%).

Thursday 15th September 2011

The Park Lane Hotel, Piccadilly, London W1

First Session

Auctioneer's announcements 9.30 a.m.

Lot 1 to be offered at 9.45 a.m. precisely

Ground Rent Session (Lots 282-312)

Lot 282 not to be offered before 6.00 p.m.

Please click here to view the online catalogue.

Legal papers are now becoming available for downloading from our website. Vacant properties will be open for viewing as of this week. Any outstanding guide prices will be posted to our web site as soon as they become available.

We hope that you will find something of interest in this catalogue and look forward to receiving your calls.

Allsop Residential Auction Team

www.allsop.co.uk

Edited by _w_

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17% yield?

and the BTL guy needs to sell?

Oh yeah, compared to what he paid, the yield may well be 0%

If the 17% figure is true then even if the property had lost a third of its value since he bought it would still have given him a yield of over 8% on the purchase price - which would surely have allowed him to stay trading as it were, even though he'd made a capital loss.

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If the 17% figure is true then even if the property had lost a third of its value since he bought it would still have given him a yield of over 8% on the purchase price - which would surely have allowed him to stay trading as it were, even though he'd made a capital loss.

If the BLTers was heavily mortgaged then any capital loss on the property would allow the banks to:

1. Raise his IRs.

2. Demand a big cash chunk payment.

3. Call in the loans.

We have read about this numerous times in the last few years on here.

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If the BLTers was heavily mortgaged then any capital loss on the property would allow the banks to:

1. Raise his IRs.

2. Demand a big cash chunk payment.

3. Call in the loans.

We have read about this numerous times in the last few years on here.

Woud've thought they'd rather extend and pretend - must've gone seriously pear-shaped I suppose.

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  • 343 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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