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Breaking:S&P 500 bounces up 1% as stocks try to recover from Wednesday's big slide

How Is General Liability Insurance Beneficial For The People?

We all understand the importance of insurances. When you buy an expensive thing or set up a business that costs you a lot of money, secures it, and provide it…

How Is General Liability Insurance Beneficial For The People?

We all understand the importance of insurances. When you buy an expensive thing or set up a business that costs you a lot of money, secures it, and provide it…

Bitcoin- A New Age Currency For Successful Investment

Bitcoin is a crypto-currency which rapidly emerging as the new-age technical currency, making itself a new “medium of exchange.” It is a digital asset stored on computerized databases. It is…

How Is General Liability Insurance Beneficial For The People?

We all understand the importance of insurances. When you buy an expensive thing or set up a business that costs you a lot of money, secures it, and provide it…

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Money in Property: Why now Could be the Time to Invest

It is no secret that the last few years have been somewhat challenging for property investors looking to the UK. From the uncertainty that followed the Brexit negotiations to the COVID-19 outbreak completely upheaving our way of life, at least for the time being, it would not be surprising if you felt it currently counter-intuitive to invest in UK property.

On the contrary, now could be one of the best possible times to invest in a UK property. Whether it is your first time buying or you are adding to a wider portfolio, we’re currently witnessing a ‘perfect storm’ of reductions, coupled with low rates and currency benefits that may never be seen again in our lifetime – all while the generally less experienced ‘hobby landlords’ continue to drop out of a market that is set to trend positively in the future.

Stamp Duty Land Tax Reductions

In July 2020 the Government announced a temporary Stamp Duty Land Tax (SDLT) reduction on property sales in an attempt to kickstart the housing market after lockdown. Available on properties in England and Northern Ireland until 31st March 2021, this means that Buy-to-Let investors now only pay 3% SDLT on purchases up to £500,000, which could mean savings of up to £15,000 when buying during this period, you can get a cash offer on your house here. While this is a huge benefit for UK residents, it is particularly appealing for any international investors that are interested in UK real estate. These investors should consider investing before 1 April 2021 – at this point, the SDLT rates will revert back to normal on top of the additional 2% surcharge that is due to be enforced, as announced in the Budget in March this year.

Low-Interest Rates

With the Bank of England Base Rate remaining at a historic low of 0.1% after two successive cuts in March 2020, many lenders are now offering incredibly competitive Buy-to-Let mortgage rates and a raft of new products.

While this is excellent news for first-time investors, it is also providing portfolio investors the opportunity to remortgage existing properties, release equity, and leverage new investments.

International Currency Benefits

The pound continues to be weak when measured against dollar-pegged currencies such as Hong Kong and the United Arab Emirates (UAE), providing plenty of opportunities for overseas investors to find value in foreign exchange. While UK property has always been popular due to relative affordability and historical performance, the Coronavirus outbreak has contributed to significant potential savings, meaning investors can maximize their value for money in the UK.

Similarly, while the stock market crashed between 25 and 30% in March, the property market remained strong, proving itself once again as arguably the most stable, high-yielding asset for investors seeking less volatile and more long-term alternatives.

Long-Term Growth Potential

It remains to be said that, despite the obvious challenges the market has faced, the outlook for property remains positive. Following lockdown, many companies have each described ‘long-term optimism’ in various property market forecasts,  explaining that despite lower transaction volumes, the property market (including mortgage lenders) is in a better place to bounce back than it was following previous crises such as the last financial crash. Rental growth is still trending positively and demand continues to rise. Most rental market growth forecasts estimate increases throughout the next five years – some expect a 13.6% rise, while others are forecasting 10% growth and 8.5% growth respectively over the same period. Fortunately, the rental market has also adapted well to the ‘new normal. Letting agents have largely re-evaluated the wider process and are now able to deliver online viewings, provide delayed agreements and attract a tenant base that is increasingly looking for the next move.

 

The Ins and Outs of Real Estate Finance

If you are someone that has ever bought or sold a house, you will be more than aware of just how confusing the process is. You may even be looking to buy a house right now, but you’ve found yourself overwhelmed by the process. The media portrays buying and selling your house to be a very simple procedure, which consists of just finding a buyer and signing over some paperwork.

Again, if you have ever had the first-hand experience in that area then you will know that this really isn’t the case. In fact, the housing market is one of the more complicated markets out there as there is a long list of paperwork and procedures that you have to complete before you can even put your house on the market.

It isn’t even just the process of selling a home that is complicated, all of the steps and the housing jargon are even harder to understand and for that reason, there is no wonder why so many people enlist the help of real estate agents to help them get rid of their home. Some people even choose to just get help from businesses that claim to have plenty of experience in the selling market.

However, some people do not have the luxury of asking for external help due to financial reasons. For these people, they often feel as though they have been left alone in a very complicated market, with no choice but to figure it out alone.  Some people simply do not want the help of others and want to learn about this section of the market so that they can make money and pursue their interests.

We understand just how difficult the real estate market can be and so we have tried to compile a list of some of the most important pieces of information that you should know in regards to the market. Here are the ins and outs of real estate finance.

 

What are real estate investments?

Though you may have an interest in the area, you may not be familiar with all of the phrasing that is used in the housing market. A phrase that you may have seen but may not know the meaning of is real estate investments. Real estate investment is basically the act of buying, selling, or renting out a property with the intention of making a profit.  If you have ever owned, sold, or rented property or unit, then you are already a part of the complex world of real estate.

 

House flipping

A very common practice in the world of real estate is house flipping. House flipping is basically the process of buying a lower quality house at a low price and fixing any issues that it may have and making it desirable in the market and then selling it for a higher price. People that are really passionate about the world of real estate usually do a house flip as a passion project and it can be extremely cheap to do, but not just anyone can do it. You really need to have an understanding of houses before you do this. As you may fall victim to buying a house that you believe only has cosmetic issues, that in fact may require some expensive repairs.

 

Houses subject to contract

This may appear complicated at first glance, but it is actually quite straightforward. You may be confused and wonder what the meaning of selling a house that’s subject to contract means. Well, this basically defines the selling stage of selling your home when you have made a mutual agreement with a potential buyer, but no formal contracts have been exchanged or signed. This can be an awkward point of the selling process, as the seller is not able to continue to advertise their home to others but they also have no legally binding sale. Though your house is still available to offers from the market, it is frowned upon to accept any other offers during this process as it can be seen as disrespectful to the other participant and may make other people reluctant to do business with you.

 

Property investments

If you are someone that isn’t just a one-time buyer or seller, you may be interested in getting involved in the world of property investments. This is one of the less confusing sides of real estate and its meaning can be worked out simply by its name.  Property investing is basically the process of purchasing multiple houses or units with the intention of selling them forward. There is also the option to do this in collaboration with other people or a bigger company, meaning that you aren’t paying the full price of the house. Usually when this is done the house is flipped and sold for more profit.

The 6 Most Successful Business people of 2020

2020 really hit some people. A lot of us were forced out of work and expected to live on a lower wage, that didn’t really cover our bills or support us in the way we needed. 2020 was even harder on owners of small businesses. People were asked to spend as much time as they could isolating and only making trips when absolutely necessary. Because of this a lot of people stopped shopping in person and instead found themselves trawling through the many online options. When people did get the chance to leave the house, this was only for important supplies or human contact. Because of this, some of the less important stores out there were forced to close, leaving some previously well-off people in difficult financial situations.

Though a lot of people experienced the hardships that 2020 had to offer, there were some people that managed to take on the challenge of the year and have some financial and business success. Some people managed to keep their previously existing business going strong, while others managed to start businesses with a great deal of success.

A lot of people feel as though their success shouldn’t be celebrated in a time where so many other people are dealing with financial worries. However, it is hard not to acknowledge the amount of work that these people have put into ensuring that their businesses are as successful as possible. The people in this article defines what it means to be an ultra high net worth individual. Here are the six most successful business people of 2020.

Elon Musk

Elon Musk has become a household name over the last few years due to the way he is using his money to progress the human understanding of what is out there in the universe. Not only is he known to be an eccentric billionaire, but he has also become the richest man in the world. Not only does he have stakes in his very successful company Tesla, but he is also known as the genius behind the well-used payment method- Paypal. Elon continues to invest his money in bigger projects every year and in 2020 he made some fantastic returns on the stock market. Not a lot of people like Elon due to his extreme opinions on matters, however, it is hard to deny that he isn’t a genius in the world of business.

MacKenzie Scott

You may not recognize this name at first glance, but it may trigger some reminders if you think of her as Jeff Bezos’ ex-wife. Mackenzie Scott supported Bezos tremendously during his creation of Amazon and so she rightfully saw a financial return after their divorce. The divorce made her one of the richest women on earth and she uses this money to support a number of charities as well as financing businesses.

Nick Molnar

Nick is the co-founder of afterpay, a payment method that allows people to pay for the products that they buy in monthly payments.  In 2020, a lot of people used retail therapy as a way to pass the time. This meant that a lot of people used afterpay, which only increased the profits of the business and skyrocketed Nick Molner into the limelight as one of the most successful business people out there right now.

Cami Tellez

Cami is one of the youngest people to appear on this list and her success grew out of the need to combat a problem that she faced often. Cami is the co-founder of the brand Parade, which is a colorful underwear marketing business that promises to cater to all body types out there. The business was extremely successful and appealed to the mass market, bringing in an astonishing ten million dollars in the first year alone. The business was only created in 2019 and in 2020 the business saw astounding success.  She uses her customers as brand advocates and believes her business will continue to increase in success over the next few years.

Martin Lewis

As well as being a beloved TV personality, Martin lewis has continued to offer financial advice throughout his career. In 2003 he set up a business called MoneySavingExpert.com which helps people locate online deals.  The website cost him only one hundred dollars to set up and since then he has sold the website for 87 million dollars. In 2020 he continued to expand his brand and has made even more money.

Denise Coates

Denise Coates is the head of the online gambling company Bet365. Again, 2020 saw a lot of people bored and with little to do. Many people turned to gamble for some light fun and entertainment. Because of this, the business made vast profits and Denise saw drastic increases in her income.

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