Land for Sale Manchester

WPI have just recently aquired full planning permission on a plot of land in Hadfield, just outside Manchester.   With house prices set to rise in the coming years, this plot for 6 houses will become more valuable as time goes by.

The plot of land about 1/3 of an acre and is currently occupied by a 5 bedroom bungelow. Planning permission is for the construction of six 4 bedroom residential dwellings with parking. The properties are situated in a quiet residential village  looking out over parkland and should fetch good demand on the open market once construction is finished. Planning permission was granted on the 9th November 2010 and the development must begin no later than expiry, three years beginning on the date of this permission. High Peak MBC Application No: HPK/2010/0423. 

The development has been valued at a completion price of £1,200,000. We are currently looking for offers around £300,000. We believe this would be a great investment for any experienced developer looking for medium sized project.

Please se the below files for full information.

02_rev_A_ location plan

03_rev_A_site plan

04_rev_A_house types

06_rev_A_elevations & section

front view 3d

2263-02-08-Site plan extg proposed landscaping

2263-view from road-existing

WPI Ltd is releasing an amazing investment opportunity in one of Europe most popular holiday destinations.  Bodrum, Turkey is renowned for its stable climate with temperatures remaining high all year around.  With the 9 hot summer months and winter

Amazing Sea Views

 temperatures above 15 degrees celsius it’s no wonder this destination is one of our most visited.

We are giving our clients the opportunity to invest for under £5,000 into a 2 bedroom front line apartment with in an established resort.  These properties are all complete and are readily advertised on major holiday websites.   The 70% LTV mortgages have been approved by a large Turkish Bank (subject to status) at a fixed rate of 6.24%.

Basic Facts & Figures:

• Current valuation from: £86,000
• WPI Price from : £60,000
• 2 Bedroom, 2 Bathroom Luxury Apartments
• Furniture Pack
• Full 5* resort facilities including Pool, Sauna. Gym, Golf, Private Resort Beach, Health Spa, Tennis plus many more
• First floor apartments with Roof terraces, Ground floors with own Gardens
• Beach, Valleys and a Lake all with in walking distance
• 9 Months summer climate
• All in Fee : £3,500
• 1.65% Purchase Tax
• All other costs covered
• 1 years mortgage covered

These properties have been valued by Deniz bank conservatively and are being offered with a massive 30% Discount.  This makes these a must have in any International Property Investor.

CLICK HERE FOR FULL BROCHURE  

Site plan and floor plans available on request

WPI have added new properties to our UK investment property section. We currently have two properties in Manchester at 25% below the RICS valuation. Both properties have recently been valued and are now even cheaper than they were before. Both are also in good areas with high rental demand and are in good condition. We also have a new property in Bristol available at 20% below RICS. This property is immaculate throughout with new carpets and a landscaped garden.

Please contact us ASAP to avoid dissapointment or view more details on out UK investment property page. You can view more pictures of the investment properties here.

When purchasing a house with a mortgage the most important insurance to take out is buildings insurance. Whether it’s your own property or a buy to let investment property, buildings insurance is something we all take out. In fact it’s mandatory with a mortgage and whether the lender checks or not, you are seriously putting yourself at risk if you do not take it out. But we will be talking more about building & contents insurance in a later blog about land lord insurance.

A few questions for you:
• Have you thought about the financial consequences of your death?
• Do you know what would happen to your property if you were to suffer a critical illness and were no longer able to work?
• How would you pay the mortgage payments if you were made redundant?
• If you died, would your remaining family be able to pay the monthly mortgage payments and bills?
• Do you believe that the government would bail you out with benefits?

Above are just a few questions that everyone buying a property should be seriously asking themselves. Nobody ever plans to die or become critically ill, but the reality is that it happens all the time. In 2007, 297,991 people were diagnosed with a cancer of some type (cancer uk.org) and as we live longer the chances of being diagnosed with a critical illness increase. It is a common misconception that the government will bail you out and give you enough money to pay your mortgage. This is not true. In fact most families who do not have insurance will end up having to move and downsize. Often mortgage payments will not be met and although there is better protection against eviction, the simple fact is that if you do not pay your mortgage sooner or later you will be evicted! This can be a huge task for a family that has not only got to deal with the lose of a family member, but now need to find a new property maybe new schools and deal with all the drama of relocation…..Is it worth the risks?

So what insurance’s do we need?
There are simply lots of different terms and names for life insurance and we would always recommend that you speak to a qualified financial advisor to find out what best suits your needs. But it may be that a simple term life insurance which covers the lump sum owed on the mortgage would be a good start and defiantly better than nothing. But a fiancial advisor will be able to discuss the different insurances available and compare costs. It may be more suitable for you to have income based cover which will pay a monthly payment in the event of accident or illness. These are all things that you need to look at and whilst we are not financial advisors we would say that it can only be of benefit to you and your family and will give you peace of mind. If buying a property as a partnership or even a Ltd company it may be worth looking at some kind of shareholder protection insurance.

Nobody wants to have to make a claim on one of these insurances, but if you do, it will probably be the best and most important insurance you have ever taken out.

This article is for information only and does not constitute as financial advice in any way. For further information please speak to a qualified financial advisor.

Hi,

Our Latest offer to our subscribers is our best yet.  We have been waiting patiently for the right property to utilise this new finance that is on the market.  Finally it seems WPI have full control of a deal which is very attractive for investors and offers them something that is simply head and shoulders above anything else at the moment.

Please note: These are not new builds that aren’t mortgagable, they are all second hand quality units in a prime location.

We have 6 of each of the below options, 12 in total.  Option 1 is made up of 3 units generating high yields, where as option 2 offers 4 units giving a much greater capital return.       

• Option 1 – £10,000 + VAT (£2,000 Cash Back on completion)

3 units @ 30% Discount

Value    £390,000

Equity   £115,000

Price     £270,000

Yield     8.9%

Mortgage          £1,600

Rent                 £2,000

Cash Back £2,000

• Option 2 – £15,000 + VAT (£5k cash back on completion)

4 units @ 30% Discount

Value    £665,000

Equity   £200,000

Price     £465,000

Yield     7.9%

 Mortgage          £2,700

Rent                 £3,000

 Cash Back £5,000

• Larger purchases available, please call to discuss.

Additional fees:

• Valuation fee (£350 approx)
• Legal fees (These are standard conveyance purchasing costs which will be very competitive due to volumes)

 Finance Details:

Private Funding

3yr Fixed rate @ 6.49%

70% LTV  (Based on valuation)

100% Rental Coverage

Discount fully disclosed

No deposit needed

No provable deposit

No stamp duty

Fees only payable once a full DIP has been approved by the lender, this usually takes 48 hours.  The fees are payable direct to the lender as an upfront arrangement fee WPI will need a £1,000 refundable reservation fee.

We will refund if:

• The DIP is rejected
• The property is not delivered
• The property down values to a level we cannot perform

 We will only not refund if the client pulls out through no fault of ours.

 The address of these properties will only be released once we have a financial commitment as we do not want the address to be banded around the market by people who aren’t serious buyers.  We are 100% confident that the address will be a benefit to this scheme rather than a hindrance. 

 The only risk on this site is the valuation fee.  If they come back too low we will not be able complete and the clients will lose the val fee.  We have had 2 RICS valuations so far this year

 Next Step:

1. Reservation fee paid via credit card to WPI
2. DIP completed
3. Valuation (fee needed from client for this)
4. Fee paid to lender for finance
5. Conveyancing
6. Completion

 Please feel free to ask any further questions!

WPI Liverpool Portfolio

Here is a list of 17 x 3 Bed Apartments in the City of Liverpool.  All apartments have been fully refurbished to a high standard and are ready to be tenanted with figures as shown.  The RICS valuation carried out in January of this year states the market value to be £90,000, from the comparable evidence it is clear this is the lower end of the market for the area, so is a conservative figure.

 We have managed to negotiate a 30% discount from this figure giving a great opportunity to investors wishing to increase their portfolio with UK stock.  The apartments are not yet tenanted as it was felt they were better sold vacant, however we have details of a local agent who has confirmed the rental figures are easily achievable and is very confident for full occupancy very quickly.

 We are direct with the developer on this, full brochure and valuation available on request!

 NB: The properties can be split into individuals units, however bulk buyers will take priority….

FOR INDIVIDUALS WE HAVE FINANCE AGREED WITH OUR PRIVATE FUNDS, FULL DISCLOUSRE OF INCENTIVES TO ALLOW NMD DEAL

Summary:

• Liverpool
• 3 Bed, Refurbished Apartments
• Market Value              £1,659,150
• 30% Discount
• Investor price:             £1,161,405
• Equity                          £497,745
• Rental Yield                 9.66%
• Finders Fee                 1%

Any further questions please call Tyler

WPI Glasgow Portfolio

Summary

• Glasgow, G42
• 70 Luxury Apartments
• Brochure Price            £10,849,100
• RICS Vals (Dec 09)    £9,340,000
• Investor price:             £6,071,000
• Equity                          £3,269,000
• Expected Yield            8.68% (Currently vacant)
• Finders Fee                 1%

If you would like to receive more BMV portfolio’s like the one above, please sign up to the Portfolio Service we offer.

We have direct access to this Glasgow Portfolio  and can supply contrats and all other documentation needed very quickly.  The discount of 35% has been given against the recent RICS valuation (which has already reduced the asking price by just under 15%). The properties are currently vacant therefore the rental figures are estimated. 

I have included the spreadsheet on this portfolio, however it doesn’t always show that clearly.  If you think you would be interested in this please contact Tyler on 0800 988 4338

All properties comply to the full CML handbook and therefore mortgages could be obtained down the line. 

 This has to be sold as one bulk purchase, however if you can buy a large number (over 10 units) then we may be able to accomodate.

Fee Only payable if Claim is Successful

This could be a worthwhile read for you, we haven’t got any that fit the criterea but have a had a few guys that it did, and it paid out with in a few months…

 If you can answer yes to all three of these questions, you are almost certainly sitting on a significant tax allowance or refund:

1. Was the purchase cost over £150,000?
2. Do you make the property available for holiday let?
3. Do you submit a UK Self-Assessment Tax Return?

For a limited time, owners of Overseas Property  in European Foreign Holiday Lets can claim capital allowances. Act now to have the taxman pay you for once!  This scheme is subject to change on the 5^th April 2010, so act now, it may be a £10,000 phone call.

If you own a holiday home either in the United Kingdom or within Central Europe, you are probably sitting on a Capital Allowance claim worth tens of thousands of pounds, especially if you purchased in the last 3 to 5 years (because claims are based on a percentage of the purchase price).

Following the recent change in UK Government legislation, huge tax advantage has been extended to UK owners of Furnished Holiday Let properties in the European Economic Area (EEA) – meaning your villa in Spain, Portugal or Cyprus  qualifies for tax relief which could save you tens of thousands in income tax.    The Tax Office have never advertised this benefit, and therefore almost 99% of owners have never made a claim!

This benefit is given as either a tax rebate or an income tax reduction on any of the client’s taxable income over the next two years.

99% of our clients tell us their accountants have already claimed all of their allowances – yet we find similar percentages that have additional unclaimed tax relief.

The Capital Allowance claim report can only be produced by Tax specialists with specific HMRC licenses. These licenses are expensive and are generally not held by the general Accountant or practitioner.

You will know if you have claimed your full allowance, an HMRC approved surveyor will have visited your holiday home and noted all of the fittings that were installed, including (air con, heating, lighting, gas etc), when the building was physically constructed, as well as the fittings you’ve installed subsequently. If you have not had a complete survey, then a full capital allowance claim cannot have been applied for. Your accountant may well have claimed for your furniture pack – but that’s a fraction of the allowances you are ENTITLED to.

We need to act fast on this as the rules are subject to change on April 5th 2010

From our experience of working with property investors we recognise that most clients are reticent to pay upfront fees without the certainty that they will gain benefits which exceed their costs.

The good news is that we’ve negotiated a “No-Win, No-Fee” guarantee for furnished holiday let owners.

You have NOTHING to lose by engaging us, and EVERYTHING to gain.

Our service is 100% confidential – we do not report anything to HMRC; your accountant will sign off on our report and will submit this either with your annual tax assessment, or at any time of your chosing (many clients find they are entitled to a rebate and typically this is repaid by the HMRC a couple of months after the claim is submitted).

World Property Investor invites you to take a look at our latest property investment in Portugal. With just £5,000 of your own money and nothing else you can buy an apartments with nothing to pay for 2 years.

ALGARVE – TAVIRA No Deposit Mortgage Paid 2 Years Guaranteed

 No Deposit
 Mortgage Paid 2 Years Guaranteed
 5 Weeks Own Use Per Year
 Fully Managed 4 Star resort
 20 Mins From Faro Airport
 No Stamp Duty
 Ready Now

In conjunction with the developer we have acquired 22 mainly south facing apartments built to a 4 star standard. Located just 20 minutes away from Faro airport and just two kilometres away from the beaches and within 20 minutes of 6 golf courses. Please feel free to download the PDF file by clicking below or on the picture. Its about 11mg so please be patient. 1 bedroom fully furnished with balcony €126,000 (circa £114,836) 2 bedroom fully furnished with balcony €168,400 (circa £153,090) Full PDF Photo Slide Here For more information on this unique investment opportunity please call us on 0800 988 4338 or email

You can now book a holiday at Buccament Bay through Expedia.  Please click here to view details.  As you will notice room rates are added and you will see that prices are higher than those that have been published previously.  I’m sure you will agree this is fantastic news for the development and it is our understanding that there will be substantial price increases due to the release of this information. We still have availability at the lower price but you will need to MOVE FAST!

Please feel free to view more detail on the Buccament Bay properties and Caribbean Properties here.