I have not done one of these before but because there is so much going on I feel I have to!

Thank you for all of you who have submitted us some deals.  My office a busy checking the deals stack up and your account will reflect our findings.  Login here.

For those who joined up as associates many thanks!  I hope you received your training manual and had your welcome phone call.  The training meet up will be in Northampton and will be run by me so I look forward to meeting you.  If you did not receive my become an associate for the Ahuja group read it here.

My recession busting website is going to be launched this week.  I have leaked a link in my credit crunch website.  See if you can find it!

And now to interest rates.  Fingers crossed they go to 0.5% but they will probably go to 1%.  I met with Liz and my no money down solicitor yesterday and we are all excited about the forthcoming months.

Its funny.  All the buy to let professionals such as specialist brokers and solicitors who have a client base of investors like you and me seem to be real busy!  Reports are leaking out to people that:

Buying is cheaper than renting

Rental demand is going up

Property investment seems like a good idea

Stock market is heading downwards

All of the above spell one thing: Rising property prices.

Some lenders have temporarily closed their doors to use portfolio landlords refusing to lend if you have more than 9 properties.  So if you have less than that then you can really clear up. Contact my office if you want to find out more.

Do I think property prices will rise?  Well yes.  They will eventually.  But do not pre-occupy your mind with this.  If the yield is good (greater than 8%) and very little money in (less than £6k) then you should buy.

If you are more cautious then follow my old ways of doing things and buy 12% yields with full deposit down (typically £10k).  That assumes you have money.  If not go down the little or no money down route.

I will let you know the banks decision about interest rates.

Posted on: 5th Feb 2009