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Lady
Home Owner, South London
Re-Mortgage &
Investment Property.
I ran my own business, and I enjoyed
it. A liberating feeling filled me whenever
I spent money that I had earned. Four
years into running my business, I sustained
a serious injury to my back. For nearly
four months I was unable to walk, and
business suffered. in addition, unforeseen
circumstances meant my job suddenly
became obsolete and I was out of business,
unemployed and over £40,000 in
debt. The future seemed dark and bleak.
My light at the end of the tunnel came
when a friend introduced me to a Coutes
Colbyco advisor. In one session I could
see a brighter future. I would re-mortgage
the property I had. My bills would be
sorted and my debts would be paid. I
didn’t believe it was possible.
The whole process took only a few short
weeks, that was nothing compared to
all the sleepless nights and the months
hiding in my flat alone and ashamed,
unable to tell anyone about my predicament.
I would now be able to answer my front
door again and opening my mail would
no-longer fill me with dread. There
was no need to worry about Bailiffs
demands, bank charges and pushy debt
collectors. This level of financial
freedom suited me just fine, it felt
good. My dream seemed close enough to
touch and I was reaching out.
I have since invested in property on
the recommendation of Coutes Colbyco.
advisors and I am well on the way to
having a property investment portfolio
worth a million.
Would you believe it? Little old me
with a nice house, financial security
and living my dream.
Thank you Coutes Colbyco. Island life
here I come. |
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Mr.
Anderson, East London
Property
Seminar Attendee, Mayfair, London.
I found the seminar very insightful,
not bogged down with professional jargon,
which might normally confuse anybody
unfamiliar with all the property terms.
The presentation was easily explained
in plain english and the team were very
friendly and readily available to answer
all questions. It was very clear how
to invest using their services and how
they negotiate deals & discounts
which Coutes Colbyco in turn pass onto
clients. |
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Property
Options
Once you have decided to invest in property,
there are a number of different routes
you can take:
Buy residential property with the intention
of letting it out – “Buy-to-Let”.
This could be a house or a flat, in
good condition or bad, with or without
an existing tenant, with or without
a mortgage. If improvement is required,
you could get the work done then sell
for a profit or keep as a continuing
investment.
Buying an existing property through
an estate agent, where the property
is fit for immediate occupation by your
tenants, is the easiest way to invest
directly in property. It will not be
the most profitable, but provided the
rent you receive is more than the sum
of your mortgage payments and other
outgoings, it is a perfectly acceptable
way to profit from property in the long
term.
Buy residential property “off
plan”, which means you are committing
to buy the property before it has been
built - in other words, on the basis
of the architect’s plans and drawings.
You normally receive a discount off
the open market value, of anything between
5% and 20%, but as always there are
pitfalls for the unwary.
The principle is that by buying at a
discounted price, you already have some
extra equity in the property by the
time it is ready for occupation. Not
all Investment Clubs are equal, however!
It is essential you do your own research
to establish the true market value and
a realistic rental level for any property
you are committing to. |
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