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is available in the news section as soon as we get it Hair & Son, Southend on Sea. Mixed property auction ˆ December 7th Auction commences at 3pm prompt and will be held at: Cumberland Suite, Pembury Road, Westcliff-on-Sea Catalogue now on line Nelson Bakewell, London Property Auction at The Ballroom, The Langham Hotel, 1c Portland Place, Regent Street, London W1N 4JA December 12th Nerja Property Auctions (Andalucia) , Spain Property & Land Registration begins 5pm January 27th, 2006 At The Hotel Balcon de Europa, NERJA Full details and bidding available on line Mixed property auction at the Beaufort Hotel, Chepstow, Monmouthshire on Thursday 15 December 2005 at 7.00 pm Details on line Mixed property auction including barns for conversation at The Chepstow Hotel, Chepstow, Monmouthshire on Monday 19th December 2005 at 7.00pm Full details on line 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 McHugh & Co London Lodge & Thomas, Cornwall St. Agnes 1 mile, Mount Hawke
2 miles, Porthtowan 2≤ miles,
Truro 7 miles. 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
Interest rates are unlikely to be cut before Christmas, the latest minutes of the monetary policy committee have signalled. Those hoping for an early present in the form of a mortgage reduction appear set to go unrewarded. The latest minutes show the committee was unanimous in deciding to keep rates unchanged at 4.5 per cent when they met in early November. That points to a similar decision when the next announcement comes in early December. The consensus follows two similar unanimous decisions on rates and comes amid growing optimism about the medium-term economic outlook. Whilst the quarterly inflation report pointed to inflationary pressures in the short-term, it expressed confidence that inflation would return to its two per cent target over the next two years. Recent increases in the price of oil have led to increased inflationary fears, but have also boosted Treasury receipts. That is likely to offset the reduction in the tax take following a downward revision in the chancellor's economic growth forecasts. Some analysts now predict the economy to grow by just 1.6 per
cent - significantly lower than the three per cent growth anticipated
by Gordon Brown in his initial Budget prediction. Prescott slammed over homes policy An urban taskforce led by the international architect Lord Rogers has criticised the government's approach to urban development. The taskforce warned that poor design was threatening the appearance of England's urban areas and that a misguided approach to development could "saddle generations to come with a legacy of failure". The report said that John Prescott's "urban renaissance" has been "clumsy, insensitive, rushed, quantity-driven and wasteful". The independent panel particularly attacked schemes in the Midlands and the North involving the demolition of Victorian and Edwardian terraces. Blair hints at the nuclear option The prime minister has given his strongest signal yet that he will support an expansion in nuclear power. In comments dubbed "irresponsible" by his critics, Blair said the facts on nuclear "had changed over the last couple of years". Giving evidence to a committee of MPs Blair conceded that any decision would prove "difficult and controversial". Government rules out gas price interference The government has admitted that recent rises in the price of gas would cause problems for industry but ruled out intervening in the energy market. Trade and industry secretary Alan Johnson told a select committee of MPs that domestic supplies should not be affected and that the "lights would not go out" under any circumstances. But Tony Blair admitted in the Commons that there would be "difficulties with gas prices" because of the cold winter. Energy suppliers were doing their "level best" to make sure that demand was properly met, he said. The FT reports that ministers are drawing up confidential plans for dealing with a gas supply emergency this winter, according to a leaked document. The DTI is to help draw up advice for UK companies about what would happen in an emergency, or even a lesser crisis such as "a tight gas supply situation", the memo says. Myth: Turbines are a health hazard NEW research out today predicts an explosion in the number of the number families being forced to pay inheritance tax. By 2009, up to 3.6 million people will be liable to pay IHT on their estate when they die, says the report. According to tax experts Grant Thornton and economists Lombard Street Research, the 2009 figure will be 70% higher than in 2002, the most recent year from which complete figures are available. The groups said inheritance tax (IHT) receipts had more than doubled since the Government first came to power in 1997, despite there being no change in the 40% rate at which the tax is charged. Government figures show that 37,000 people are expected to pay inheritance tax during the 2005/06 tax year, 54% more than the 24,000 who paid it in 2002. One reason why so many more people are liable for IHT is because the threshold at which it starts has failed to keep pace with soaring property prices. The current threshold above which inheritance tax is charged is £275,000, although this will be increased to £300,000 in 2007. Brian Reading, director of Lombard Street Research, said: 'There is no doubt that, if the future is anything like the past, the number of estates potentially liable to IHT will explode. The threshold for IHT liability is set to rise roughly in line with product price inflation, but for the past 20 years asset prices - shares, houses and bonds - have risen three times faster.' Ian Johnson, head of private client services at Grant Thornton, said: 'Death has long been deemed a convenient way to raise tax on the value of a deceased person's assets or estate. Not only is the tax easy to collect but complications arising from valuations are also less likely to be contested. 'However, while it used to be a tax on the very rich, our research has shown it is a growing problem forms of people with modest estates.' There are many ways to avoid Inheritance
Tax ˆ Full details,
facts and figures available in members area of Hot Property Investment ˆ Join
now and don‚t lose out later!! THE rise of the home makeover programme has been one of the defining characteristics of British television in recent years. Whether Changing Rooms to create their perfect home, improving décor to climb the Property Ladder, or enlisting Ground Force to transform the bit of scrub out the back, people just can't stop tinkering, extending and revamping. But experts say before throwing caution to the wind, stop and think for a minute. Are you taking thousands off the value of your home? Are you increasing your property's desirability, or creating an expensive testament to homeowner's folly? Many people would love their own swimming pool, but pools are expensive to heat and maintain and it's far cheaper just to go for a dip at the local baths. High-earners with deep pockets investing in a £500,000-plus five-bedroom house might find a swimming pool a draw, but potential buyers of a three-bedroom semi, with half the back garden turned a pool, will baulk at the idea of a money pit. And makeover mistakes do not need to be large building projects to cost more than they are worth. Those gold-plated Footballers' Wives bathtaps might look great in the showroom, but you will never get your money back on them. Similarly, cutting the drafts in a period cottage by installing some nice new uPVC double glazing could prove a pricey move if the property is listed and you are ordered to have them removed. The Society for the Protection of Ancient Buildings campaigns to save old buildings from decay, demolition and damage, but secretary Philip Venning said homes don't need to date back centuries to need sympathetic renovation. 'Nobody sets out to decrease the value of their house or ruin it. In most cases people do something with good intentions and can then end up harming their building's value,' he says 'As a general principle people should be vary wary when it comes to doing something that can't be undone. Estate agents now will point out that an older building that has many of its original features is worth more money. 'There are any number of lovely 1930s semis that you find in towns around the country and where they have not been messed around with people can be willing to pay much more for them.' Mr Venning says the materials used in older buildings tended to be superior to those used nowadays and people can be surprised when wooden window frames - the items most often replaced on older properties - look well past their sell-by date but can be restored. The biggest problems he sees are the installation of unsuitable plastic window double-glazing, outer mock-stone cladding, and homeowners stripping plaster off inner walls to create a stone or brick rustic look ˆ something that is in no way traditional. Even when dealing with a modern home, people considering embarking on an ambitious makeover should also remember it is vital to think about what buyers want. Snapping up a bargain ex-local authority home and kitting it out with the latest in modern design will create a state-of-the-art pad for below the market rate. But will a luxury homebuyer consider that area, or has a perfectly good budget family home just become unsellable? When it comes to home improvements, the experts'advice is to think about how other people will view the work and design and whether it fits in with the rest of the property. Mr Venning says: 'Generally public education has improved a lot. People are trying much harder than 20 years ago. People should be allowed to decorate their homes to their personal taste, as long as they're not doing something that's destructive.' Home improvement do's: Ask the advice of professionals Home improvement don'ts: Copy ideas from Footballers' Wives MORTGAGE lending by Britain's biggest banks fell slightly in October but still hit the second highest level since the summer of 2004. The British Bankers' Association said gross mortgage lending was £17.5bn in October, a 1.7% drop on September's total of £17.8bn, but 15.7% higher than the £15.1bn in October 2004. The number of approvals for home loans was up 23% on a year earlier, and the amount consumers borrowed was up 40%, while there was a 2% drop in remortgaging. The mortage lending figures from the BBA's members, who account for two-thirds of all home loans, pointed to a soft landing for the property market. David Dooks, BBA Director of Statistics, said: 'At this time last year, the trend in net mortgage lending was on a clear downward path.' He said that the market had stabilised in the spring but lending and approval figures had since risen. 'The mortgage market seems particularly resilient as we enter what is usually a period of lower demand,' he added. The BBA said consumer credit remained subdued during October with the slowdown in credit card and personal loan borrowing continuing. Loans and overdrafts rose slightly, increasing by £437m, marginally higher than September's rise but in line with the average for the previous six months. Credit card lending fell 2% compared to September, with a total of £7.32bn borrowed on plastic during October. After repayments were taken into account, outstanding credit card debt increased by £243m, more than double the recent average of £98m. Consumers now owe a total of £31.92bn on their credit cards. Mr Dooks said: 'There is little sign of a significant change in unsecured credit sentiment. Despite some reports of improving retail sales volumes, consumer credit remains relatively subdued.' The true cost of lodger from hell HAVING a lodger may seem like a great idea to help pay the mortgage, but when things go wrong you can be left massively out of pocket. New research from Zurich Insurance reveals that a quarter of homeowners who brought in a lodger vowed never to do it again because their tenants were so bad. One in five suffered damage to their home while a quarter found tenants showed no respect for the landlord's possessions and frequently paid the rent late. On average, homeowners find themselves almost £400 a year out of pocket due to loss, damage or theft of property, missed rent and unpaid bills. Taking in a lodger is becoming increasingly common as first-time buyers struggle to afford their homes. The research showed one in five homeowners take in a lodger because they are struggling with mortgage repayments, while one in 20 did so because it was the only way onto the property ladder. The Government allows you to earn up to £4,250 a year tax-free from letting a single room in your home and, although most mortgage companies will not allow you take this extra income into account when they work out how much you can afford each month, they will not object to you having one tenant in a spare room. However, if you rented two rooms out it could pose a problem, and you would also need to inform HM Revenue & Customs about this. Check your tenancy agreement or lease to make sure you are entitled to take in a lodger. And make sure that your mortgage company will also allow it. You also need to think about home insurance - since most policies will cover your possessions and those of a short-term visitor, but not those of a tenant. You have a responsibility to notify your insurer if you take in a tenant since this could change the conditions of your home insurance. Although there is no legal requirement to have a written agreement between the homeowner and the lodger, it is a good idea. This should include the rent amount, frequency of payments, when payments will be reviewed, any services you may want to provide, notice periods, any share of household bills, and house rules. This is particularly important in case you have a real tenant from hell. If your house should get damaged to the point where you can no longer live there then it would be hard to prove loss of income to an insurer without the agreement. And always ask for one month's rent in advance - this can cover against unpaid rent, bills or damage - and try to get the lodger to pay by direct debit. Aside from the financial aspects of taking in a lodger, it is worth considering the emotional stress and strain it can cause. Make sure that you are comfortable with the person moving in. Worryingly, three quarters of the homeowners failed to vet the lodger and subsequently 64% felt their privacy was invaded and 40% became uncomfortable in their own homes. It is also important to get references from tenants. Protect your home as winter bites IT'S icy cold outside, dark winter nights are here and snow is on the way, so there's nothing better than turning the heating up and getting cosy inside The only problem is that you're living in a freezing cold house, with no hot water and heating because your pipes have frozen and everything is in chaos. A study by Abbey has shown that a third of all winter home insurance claims are due to bad weather, with burst pipes, floods and falling trees topping the list. With the current cold snap set to continue over the next week and weather forecasters predicting a freezing winter ahead, people have been urged to protect their homes. Abbey's head of insurance marketing Lloyd Wilson said: 'A few simple precautions can help prevent the misery and inconvenience of frozen or burst pipes. If the worst does happen, contact your insurer as soon as possible ˆ the sooner the damage is reported, the faster it can be repaired.' One of the main causes of frozen pipes is switching the central heating off completely when a house is empty. If you're off on holiday or even away overnight, keep the heating on at a low temperature and give pipes and tanks in lofts and unheated areas a winter check-up to make sure they are insulated properly. If the worst does happen and you think pipes have frozen the danger is they will burst ˆ a messy and expensive experience. To deal with frozen pipes turn off the water at the mains valve and the header tank to limit the amount that can escape. Pipes can then be thawed gently with a low steady heat such as a hot water bottle, or hair-dryer, but never a naked flame. Be sure to keep something ready to catch water in case the pipe bursts. Insurance experts recommend keeping the telephone number of a plumber easily available in case of emergencies and to check buildings and content policies cover damage to furniture or flooring, as well as pipes. Charities have also called on neighbours to keep an eye out for elderly homeowners during the cold spell and drop in to check their heating and house is okay. Age Concern director general Gordon Lishman said: 'It is essential that older people keep warm during the winter. We would urge that they make sure that their home is heated properly. As well as making sure your elderly relatives are prepared for a cold snap, be a good neighbour and keep an eye on any older people living nearby.' Dodgy vehicles can bring down your house price, warns survey SHODDY cars parked in driveways bring down the value of neighbouring homes, homeowners are warned. Rundown cars wipe an average value of 5.5 per cent off neighbouring homes, says a survey by the car sellers Network Q. Richard Hughes, a spokesman for the company, said: "A person with a poorly maintained or shabby car can give off all the wrong signals to someone looking at their home or a neighbouring property. It also goes to show that sometimes a quick and easy sale is out of your own hands." Network Q asked 1,600 home owners what the impact of an old banger would have when viewing a neighbouring house. The survey found that some 35 per cent of prospective buyers would refuse to bid simply because a neighbour's old banger gave off the wrong signals. Some 37 per cent of prospective buyers said they would place a lower bid for the property because of the car. And 11 per cent of prospective buyers would drop their bid by more than ten per cent of the sale price because of the car. Anti-clutter campaign gathers support The Conservative and Liberal Democrat parties have endorsed a conservation group's campaign to reduce "street clutter" and superfluous street signs. The Campaign to Protect Rural England has also reported that transport ministers are keen to protect the character of the countryside and villages and country towns. View further details of the campaign here </PpWeb/jsp/redirect.jsp?url=http%3A//www.cpre.org.uk/campaigns/transport/roadside-clutter/index.htm> . 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 ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ 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
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. 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 Remember
that if you are a HPI member that the database is constantly
changing so keep coming back for information about the latest
sales, also use the news and members' forum.
If you are not already a member of Hot Property Investor and which to gain access to the huge searchable database then please click here: http://www.hotpropertyinvestor.com and hit the join button for a choice of subscription options. There are hundreds of auction houses listed, 1,000s of sales a week. Kind regards |
