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Hi,
PLEASE NOTE THAT THIS INFORMATION APPEARS IN THE NEWS
SECTION AT THE MEMBERS' AREA AT HOT
PROPERTY INVESTOR AS SOON AS WE RECEIVE IT. FULL
DETAILS ABOUT EACH AUCTIONEEER CAN BE FOUND AT THE SITE.
The HPI Newsletter is
our regular FREE bulletin designed to
keep you updated with news, latest sales, auction results
and general pieces of interesting property information
that have occurred throughout the week. This
is a supplement to information contained in the main Hot
Property Investor Database and is an additional service.
Please Read On... |
Public Sales
More information
and full contact details for all the following sales are
available in the database - just type in the name of the auctioneer
of your choice into the search facility. If you are a member
of GAUK please note that the following information
is available in the news section as soon as we get it
Pugh & Company Ltd
We are delighted to inform you of our updated interactive website
which can be accessed via the link provided below.
Please view the new site
at www.pugh-company.co.uk ,
clicking on the AUCTIONS menu and then on Current Auction. The
Auction will be held at Terminal 2 Manchester International Airport
and includes 178 lots. We are acting on behalf of clients such
as St Helens Council, Calderdale Council, Lancashire County Council,
Salford City Council, Trafford Metropolitan Borough Council,
Tameside Metropolitan Borough Council, Sefton Council, Telereal,
British Waterways, and United Utilities.
The online brochure is complete with individual pages for each
lot, the Guide Price List and a regularly updated copy of The
Addendum. In order to access each individual lot page, simply
click on the Lot Number.
Thank you for your interest and
please e-mailauctions@pugh-company.co.uk with your comments.
STEVE SWAINSON BSc (Hons) MRICS
Director of PUGH & COMPANY
McHugh & Co London
Property Auction will be on Monday 28th November 2005 and will
be held at ,
St Johns Wood, London
Auction Starting at 2:00 pm
Hobbs Parker, Ashford, Kent
16th November, 2005.
Rural Property Auction held at Ashford at 2.30pm
Mark Jenkins, Sheffield.
The 9th "Property with Potential" auction of 2005.
The Platinum Suite, Sheffield United Football Club, Bramall Lane,
Sheffield.
Tuesday 8th November at 2pm prompt
Catalogue on line
Lodge & Thomas, Cornwall
28th November
THE FORMER ROYAL OBSERVER CORPS‚ WARNING AND MONITORING
POST, ST. AGNES.
St. Agnes 1 mile, Mount Hawke
2 miles, Porthtowan 2≤ miles,
Truro 7 miles.
A "COLD WAR" UNDERGROUND BUNKER IN A TRIANGULAR PARCEL
OF GROUND APPROXIMATELY 0.15 OF AN ACRE FROM WHICH THERE ARE
OUTSTANDING AND FAR REACHING VIEWS OVER THE SURROUNDING COUNTRYSIDE
TAKING IN ST. AGNES BEACON AND A VAST EXPANSE OF THE NORTH CORNWALL
COASTLINE.
To be offered for Sale by Public Auction
GUIDE PRICE: £5,000
at The Scout Hall, St. Agnes on Monday 28th November 2005 at
2.30pm
FULL LIST OF
HUNDREDS OF AUCTIONS ACROSS THE UK AVAILABLE AT THE HOT
PROPERTY SITE WE ADVISE YOU TO CONFIRM ABOVE DETAILS WITH
AUCTIONEER BEFORE TRAVELLING
News
40% OFF PROPERTY ˆ WITH
THE BLESSING OF THE TAXMAN!!
How to buy a £200,000 home for £120,000
We reveal how as pension 'A-Day' approaches, you could get a
40% discount off any property you buy
6 April 2006 could be the most important day of your life if
you've ever dreamt of making your fortune in property. It will
mark the most radical reform of the British pensions system in
50 years and is known as A.Day.
Safeguard your future with bricks and mortar
After this date you will
be allowed to put property into your pension for the very first
time. Also, even better, you can receive up to 40%
off any commercial or residential property you purchase ˆ all
with the blessing of the taxman.
Buy property at 2001 prices ˆ Courtesy
of a Self-Invested Pension
Presently, the way to own property in a pension is through an
insurance company property fund. From 'A-Day' onwards by the
choice of a Self-Invested Pension (SIPP) you will, as an individual,
be able to invest in commercial or residential property as part
of your pension fund.
GET THIS FREE REPORT
Read More...
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BANK OF ENGLAND BASE RATE DECISION
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Each month we aim to bring you
the Bank of England Interest Base Rate Decision within minutes
of it being announced.
For information on previous Base
Rate decisions, meeting minutes and information about the Bank
of England please visit their website at:-
http://www.bankofengland.co.uk
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Interest rate cut 'less likely'
The current state of the economy has removed any scope for cutting
interest rates, the National Institute of Economic and Social
Research concludes today in its quarterly economic assessment.
The think-tank cut its growth forecast for this year to 1.7
per cent, about half the Treasury's level, blaming reduced investment
and data revisions rather than high oil prices and events beyond
Britain's shores for the shortfall.
It said that prolonged high inflation left no room for rate
cuts.
Governor of the Bank of England King defends state of economy
Mervyn King insisted yesterday
that "the wheels [were]
not coming off" the economy, although it was now driving
along a "slightly bumpier road".
Giving evidence to the House of Lords economic affairs committee,
the Bank of England's governor repeated his view that official
figures might be understating the rate of economic growth.
He went on to tell the peers that the job of the Bank's monetary
policy committee was not to smooth quarter-by-quarter economic
growth or to target retail sales, but to ensure consumer price
inflation was low and stable.
"When you've been driving along a very smooth highway and
you get to a slightly bumpier road, the answer is the wheels
are not coming off," King said.
Asked what advice he would
give to Ben Bernanke, nominated on Monday to replace Alan Greenspan
as the next Federal Reserve chairman, King said: "If I
were to give him advice on what happens once he takes his job,
I think it's to follow the lesson of Alan Greenspan: be extremely
cautious about economic forecasts."
The World of Mortgages Laid Bare
An extremely comprehensive
look at every aspect of mortgages compiled by the Financial
Services Authority. Help for first time buyers, re-mortgaging,
etc. Excellent resource available free on line here: http://www.mortgageslaidbare.info
Property Prices due to increase in 2006
T. Wyn Jones McCartneys.
Forecasts indicate a significant increase in property prices
in 2006 due to the introduction of the new rules governing Self-Invested
Personal Pensions (SIPPS).
Buy-to-let mortgage specialists are predicting a 3 billion-pound
boost to the property market next April when the new rules come
into effect. The new rules will allow SIPP investors to put residential
property, both in the UK and abroad, into their pension scheme
where both the rental income and capital gains will be shielded
from tax.
In addition, I am advised,
investors can obtain tax relief on contributions to the SIPP
of up to £215,000 a year or 100
percent of their income, whichever is the lower.
The buy-to-let market accounts for some 20 billion pounds of
lending a year so a 3 billion-pound increase is significant and
could add further fuel to the house price increases we have seen
these last few years.
Reports are of a flood of enquiries from smaller investors attracted
by the big tax breaks available when the new rules come into
effect in April 2006, I certainly have seen an increase in the
number of property valuations I have carried out for such pension
schemes.
However, this influx in buyers
coupled with the limited supply of the smaller & cheaper houses (those thought to be more
attractive to the "buy to let" pension schemes) will
ultimately result in an increase in house prices placing the
lower price end of the housing stock further out of reach of
the local first time buyers.
If this process is taken to the nth degree we may find ourselves
in the position we were in years ago in that the more properties
that are bought in this way the greater the supply of rental
property. If other dynamics remain the same this increase in
supply will result in a corresponding decrease in market rent.
As the market rent decreases so the rental market becomes increasingly
appealing to the individual. The end result? Proportionally fewer
people owning properties.
As to whether this scenario
occurs and we revert back to what is the norm for the rest
of Europe for percentage per capita of home ownership I do
not know. But if this does occur it may mark the end of what
is now the great British preoccupation with property prices
and home improvements with associated spin off publications & television
shows.
Thank goodness I hear some people say.
The Positive Club
The Place Where You Are.
The place where life happens is the place where you are. The
place where you build success and achievement is the place where
you are.
You cannot change the places where you came from, and you've
not yet arrived at the places you'll be. The place where you
are is the only place where you can think and act and make life
happen in the way you intend.
If you spend your time wishing you were someplace else, then
you lose the opportunity to get there. Instead, see the power
and the possibilities of the place where you are, and tap into
the real value of what you now have.
If you fill the place where you are with worry, frustration,
anxiety or anger, you put needless limitations on what you can
do. Instead, fill this moment, this set of circumstances with
joy, love, gratitude and enthusiasm for the positive possibilities.
Give the best that you can to the place where you are. For your
world is determined not by what you hope to do on some distant
someday, but by how you live right here and now.
This is the place where you are. Live it for all that it is.
-- Ralph Marston
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There
are hundreds of auction houses listed, 1,000s of sales a
week.
Kind regards
Hot Property Investor Team