So prices are low.  This means yields are going to get as high as they get.  I remember a few years after writing my first book I was reading a forum post about my very book and someone was saying that I lived in cloud cuckoo land.  I said you should only buy properties with a 12% yield.  I was happily buying 12% yielders in the little known hotspots but very few people knew they existed.

 

Now there are 12% yielders in pretty much every city if you look hard and act fast.  So if you always thought yields were too low (if you do not know what yield is come to one of my seminars, 4 new dates added) which kept you away now you have no excuse!

 

I was surfing on the internet and I found a 2 bed bungalow in Hull for £30k.  Straight went my offer in at £25k.  These deals are just too good to miss.

 

For the lucky ones who can get buy to let mortgages (possible if you do not have massive portfolios like me and clean credit) then you can get the more expensive stuff that is that bit better quality.

 

Finance seems to be coming back.  It is a bit slow for buy to let but residential mortgages are competitive.  It is just a matter of time before the buy to let mortgages come back in FULL force.

 

That 80% LTV product did not materialise I got told about.  It was supposed to be released on 1^st July but no sign of it.  Anyone know of an 80%? Let me know so I can share it with my readership.  Just reply to this email.

 

Anyway, we are now in the second half of 2009 (has that been quick or what?) and prices could not look better.

 

Enjoy the sun.

 

Ajay

 

Posted on: 2nd Jul 2009

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