Homeowners choose to downsize their properties!

Sunday 22nd March 2009

Property of the Week from Property Mentor Workshop

Area – London

Property type – Flat

Number of Bedrooms – 2

Length on Market – 1 Year

Valuation – £230,000

Positive Cash Flow – £421 per Month

Click here to see the testimonial videos
 

Up sizing to a larger property is becoming increasingly harder for families in the current financial climate.

In a report released by the NAEA they found that despite smaller two bedroom properties experiencing a 1.6% increase in price to £124,727, larger properties faced an entirely different story.

During January and February 2009, 3 bedroom semi-detached houses fell in value by 4%, with 4 bedroom detached houses witnessing a similar fall from £339,072 to £316,228.

Yet despite these evident changes in property values, home buyers are still having to downsize their properties due to the increasing number of restrictions that are being placed on lending.

Beginning with the FSA’s proposal. Speaking earlier this week they called for the abolishment of 100% mortgages and for loans to be reduced to 3 times an individual’s salary.

With such restrictions in place, homeowners are left with no choice but to invest in smaller properties as they are unable to raise the capital they need to offer lenders a larger deposit.

How can investors help?

By offering homeowners the solution they so crave: the means to give their family a larger home without having to find a 20%+ deposit.

Using the unique Property Mentor Finance Team, you can discover how to invest using little, if any, of your own money and offer homeowners rental properties of all shapes and sizes.

Plus during the 2 hour taster session, you will learn how it is possible to earn a guaranteed positive cash flow of £500-£1,000 per property, per month for the rest of your life.

Click here to book your free Property Mentor Taster Session

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