For most people trying to get on the property ladder is a stressful experience that feels like it's never ending. From trying to save for a huge deposit, to finding a bank who will grant you a mortgage, it can feel like an impossible task. But there is a way you can get yourself your own home without as many money woes. Do you usually go on at least one night out a week? If you do, but think you could live without your weekly drinking session, you could take the first step onto the property ladder sooner than you think. For properties priced at £50,000 or under, first time buyers could apply for a 95% mortgage. This would mean the homeowners would have to pay a £2,500 deposit, but your weekly repayments will then be as little as a decent night out. For £55 a week or £238 a month, you will be able to take on the mortgage and keep up the repayments. Read More Latest property news And if you're still panicking about the up front deposit of £2,500, you could … [Read more...] about The homes you could buy for same price as a night out
Investors buying all the homes
Owning your own home can be tough in the current property climate, but it's not impossible. And this simple tip could help you take that first step onto the property ladder sooner than you might expect. From banishing you mortgage repayment worries to helping save for a deposit, this could work for first time buyers. Do you usually go on at least one night out a week? If you do, but think you could live without your weekly drinking session, you could take the first step onto the property ladder. For properties priced at £50,000 or under, first time buyers could apply for a 95% mortgage. This would mean the homeowners would have to pay a £2,500 deposit, but your weekly repayments will then be as little as a decent night out. For £55 a week or £238 a month, you will be able to take on the mortgage and keep up the repayments. And if you're still panicking about the up front deposit of £2,500, you could have that saved in under a year. Read More Incredible homes … [Read more...] about The homes you can buy for same price as a weekly night out
Italy's political crisis moved into unchartered waters on Wednesday, as the head of state sought a last-minute political compromise to end the three-month search for a government and restore calm to financial markets. Here we answer how Italy arrived at a state of political turmoil and what can be done to fix it. Why is there so much trouble in Italy? The Italians are unhappy politically, and have been for some time. Italian governments have failed to meet the aspirations of Italians since at least the 1990s; and the voters have been turning to ever more populist and extremist parties as a result. So who are these new parties? Read more Italy could still get populist government as compromise hinted The two leading groups in Italy are now the Five Star Movement, which was, literally, founded by a comedian, and is a kind of Italian Ukip; and The League, formerly the Northern League, which enjoys most of its support in the wealthier north of Italy, rather than the poorer, more … [Read more...] about Italy crisis: What triggered the political turmoil and how can it be solved?
Schroders Global Cities bloggers highlight how mega-regions might develop in the future and why it should be of interest to real estate investors. Urbanisation will be the defining trend of the next 25 years. It will underpin where and how we live, how we work and what goods and services we will use. Cities are the focal point of the global economy and certain cities are winning the race to attract companies and employees. This is because idea creation trumps manufacturing. That trend is now taking on another leg with the emergence of meta cities, led by China. Meet the Schroders Global Cities team See the Schroders Global Cities 30 index What is a meta city? At Schroders Global Cities we use the term meta city to describe the linking of mega cities via high speed transport and critical infrastructure. In so doing, the sum of these interlinked cities become economically more powerful than the parts. A meta city is, essentially, numerous mega cities forming a single economic area. … [Read more...] about Why property investors should note the rise of ‘meta cities’
Holiday homeowners want their property to earn its keep. The rental potential is the top question asked by would-be buyers, says Robert Green, managing director of luxury property agents Sphere Estates. Rents should be sure to cover running costs. Utilities, maintenance and service charges can rise steeply from year to year, so owners must understand how rents are calculated. For example, a private property in the Algarve will be considerably cheaper to run than a resort home in Barbados that will charge you a percentage of the resort’s running costs. A net yield of two per cent should cover those costs. A four per cent-plus yield on a holiday home is considered good in today’s market, says Green. FOR YEAR-ROUND INCOME Holiday appeal throughout the year will strengthen rental yields. Chamonix in France, for example, welcomes as many climbers, hikers and bikers in summer as skiers and snowboarders in winter. Read more Where to buy in this gourmet city on the Med with 25 … [Read more...] about where to buy a holiday home in Europe for the best rental returns