Buy to Let in the UK - get 80% LTV

Did you know?  Buying UK Property has never been better. There are actually currently 6 lenders available with home loan products available at 80% LTV and one offering even more!

So let us assist you in your BTL (Buy to let) deal;

No limit to existing number of BTL properties Limited companies No minimum income First time BTL purchases Holiday lets Minimum valuations from £50000 Maximum loan 1000000 Fee assisted products Long term fixed rates Money transfer service anywhere in the world - save thousands Exchange Control services for South Africans. Some of these products are intermediary exclusives that can’t be accessed direct from the lender so if you would like more information please CONTACT US ONLINE

September Madness for you International Mortgages

September Madness for you International Mortgages - 10/09/2011
		Country	Initial Rate	Term Of Rate	Type	Loan to value	Typical APR
		France	2.29%	Loan Term	Variable	70%	2.74%
		France	3.80%	10 Years	Fixed	80%	4.23%
		Spain	3.29%	Loan Term	Variable	50%	3.46%
		Spain	3.50%	1 Year	Fixed	70%	3.92%
		Portugal	3.22%	2 Year	Fixed	60%	3.49%
		Portugal	3.85%	Loan Term	Variable	80%	4.16%
		Turkey	4.45%	Loan Term	Variable	70%	4.74%
		Turkey	7.20%	10 Year	Fixed	50%	7.52%
		USA	3.89%	Loan Term	Variable	60%	4.21%
		USA	4.50%	5 Years	Fixed	75%	5.11%

Interest rates set to Drop???

So with SA consumer inflation raising by 0.3% from June to July a lot of pressure is being put on the SA Reserve Bank to drop interest rates and curb the rising inflation.

This is great news for those buying a home and looking for a mortgage or home loan, but bad news for those wanting to save.

Take the elder for example they seem to live off the interest from investments and this will smack them hardest.  The younger folk are OK but as the balance of Old versus young swings and people are living longer it seems like those inflationary measures are now no longer working and the drop of interest rates do not tend to increase spending as before.

So those who want to buy and invest into SA may want to make free money transfers to SA and benefit from a better rate and those who want to save, finance a property as a syndication or family group and speak to your best mortgage and financial planner.

We feel that this is the tend between now and the second quarter of next year and with the Eurozone in a quandry, US keeping rates as they are, Gold taking a smack as investors realised cash yesterday and the Libyan situation where it is, its time to only take a long term view and invest in property.  Buy low.

Drop in Interest Rates?

Well the news seems positive towards a rate cut.

If we look at the US keeping rates down for 2 years and the state of the finances on the Eurozone this spell better times for property owners and buyers in SA.

This seems to be a great time to transfer money to SA or send money from UK and invest in property at a decent interest rate.  With the Rand being up against the Pound this is even better.

Rate cut expectations grew yesterday as Finance Minister Pravin Gordhan and Reserve Bank governor Gill Marcus warned of the dangers posed by unstable global markets.

Speaking at separate events, the key financial policymakers highlighted contagion risks from abroad.

Marcus told the US Chamber of Commerce in Johannesburg that the global economy was “moving perilously close towards a precipice”. And she said: “In the event of a significant global downturn (South Africa’s) monetary policy will react appropriately.”

Gordhan said at the Banking Association’s summit: “The uncertainty of the stability of the European banking system, the European sovereign debt crisis and the recent US downgrade constitute serious downside risks.”

Marcus’s comments were interpreted as a sign the bank’s repo rate could be cut further from its 30-year low of 5.5 percent. Citi strategist Leon Myburgh said rates on forward rate agreements fell 10 basis points in the morning.

Until late last week, they had been signalling a rate hike but they changed direction on Friday, Myburgh said, after a week of poor economic data at home and abroad.

Before last week’s market turmoil, the market expected the next move would be up.

Citi economist Jean-Francois Mercier said Marcus’s comment did not signify “an imminent cut” but suggested the bank’s monetary policy committee would ease further if the global situation kept deteriorating.

He said: “The start of policy tightening now appears a long way off, maybe not before the second quarter of next year at the earliest.”

Marcus referred to South Africa’s disappointing second quarter performance, with manufacturing and mining “likely to have subtracted growth”.

And she cited second quarter growth of only 0.2 percent in Germany, the “powerhouse” of Europe, and the revision of US first quarter growth from 1.8 percent to 0.4 percent as evidence of “a synchronised downturn in advanced economies”.

Both Gordhan and Marcus quoted the work of researchers Carmen Reinhart and Kenneth Rogoff, on lessons from financial crises. Reinhart and Rogoff divided financial crises into three phases: a prolonged fall in asset prices; a fall in output and employment; and finally an explosion in government debt.

Gordhan noted: “Internationally, we are seeing the third phase in full swing.”

Reflecting fears of sovereign risk, gold continued to break new records early yesterday, as the market bet that the US Federal Reserve would announce a new wave of quantitative easing at the weekend.

Recent market moves carry some benefits for South Africa. The rand, which traded at around R7.22 against the dollar yesterday, is weaker than its R6.60 level in April – a potential benefit for local manufacturers.

And a falling oil price could offset the inflationary effect of the weaker currency .

Also good news is that the Reserve Bank reported yesterday its lead indicator rose in June to 133.8 points from 131.4 – reversing a downtrend, with seven of its 10 available components positive. This points to possible economic resilience

Send money to SA now.

Emaar commits to housing and economy in Saudi

Emaar Middle East, a subsidiary of global property developer Emaar Properties PJSC, is underscoring its commitment to the housing sector and the overall social and economic prosperity of the Kingdom through its showcase of value-added lifestyle developments at Cityscape Jeddah.

The premier property exhibition is being held at the Jeddah Centre for Forums & Events from June 11 to 13, where Emaar Middle East will highlight the rapid progress achieved on its two master-planned communities, Jeddah Gate and Al Khobar Lakes, and the unique Emaar Residences at the Fairmont Makkah.
 
To look for mortgages in Saudi Arabia it is worth getting a good financial broker with mortgage management and origination skills.
 
Transferring funds anywhere in the GCC will come with costs, so find a transfer free service before you start sending your Riyal or dollars and get free no obligation quotes.