Property of the Week: 22nd December
Hello Everyone!
This is the latest property of the week curtsey of Property Mentor, the property investment experts. It”s based in London and is a lovely 4 bedroom property.
Area – London
Property type – Split Level Maisonette
Number of Bedrooms – 4
Length on Market – 3 Months
Valuation – £340,000
Positive Cash Flow – £1,400 per Month
According to recent studies, bankruptcy has risen by 7% in the last quarter of this year. The second highest recorded figure since 1995 – yes over 13 years ago.
Spread across both England and Wales, over 13,653 people have petitioned for bankruptcy, whilst a further 3,184 wind-up petitions have been released by company’s.
And the cause for this sudden rise? The answer is simple. In light of the recession, unemployment and debt levels have been rising, bringing with it tighter credit conditions and more and more homeowners becoming trapped in negative equity.
Now we know this may all look negative, but there is a solution. And one that can solve all of the above and offer you more than financial balance; more than the chance to break even, but real, substantial profits – for life.
So what is this all inclusive answer? It is right in front of you: Buy-to-let.
