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SELLING TO RENT TREND REPORTED IN SLOWER MARKET
FindaProperty.com,
one of the UK’s leading property search portals, reports a trend
identified by data compiled through their 6,800 member sales and
letting agents around the country. Selling to rent has become more
popular with buyers who are tentative about where the market is
going and see the sell-to-rent option as an acceptable speculative
alternative to being tied to a long-term investment.
Kevin Shaw, Sales Director at Haart says:- “When markets cool
some people become anxious to lock in their gains and they decide to
sell up and rent for a while.
The hope is that they will be able to
re-enter the market at a later stage when prices are lower. With the
recent media speculation that the market is over-valued and prices
have peaked we have seen a rise in this trend, especially over the
past few months.
We would, however, advise that it’s a high risk
strategy and a difficult one to get right.”
FindaProperty.com advises that the slowness of the property market
can add to the process increasing complications. In a slow market,
for example, it could take months to complete, and as the market
drops buyers may try to negotiate discounts before exchange. This combined with any price rises on rental properties as the market
brightens, could lead to lost savings, particularly if there is an
extended rental period.
Michael O’Flynn, Content Editor of FindaProperty.com adds:-
“If you plan to rent for more than a year there is no guarantee the
landlord will renew your lease. The landlord may need the property
back after a year or in a strong rental market demand a higher rent
to renew. You may move three times making it an emotionally and
financially stressing time.”
According to the information, any decision to sell and rent should
be made on specific location data, not on broad house price
indexes. In addition, for selling to rent to be a sound financial
decision, individuals should be looking for a real return in excess
of 15 to 20%. Factors to take into account before selling to rent
include:-
· Estate agents fees
· Solicitors fees
· Removal and storage fees
· Administration costs for rental agreement
· Lost capital repayment on mortgage
· Any penalties incurred by coming our of a fixed mortgage
· Payment of both mortgage and rent in the case of an overlap
· Stamp Duty
The following 2 models illustrate selling to rent costs given a
5%upturn and downturn in the market:-
Model A: Costs on Selling to Rent and Buying Later (5% market
upturn)
Average property price: £230,000*
Estate agent fees (based on 2%): -£4,600
Solicitors fees: -£1,000
Removal and storage fees: -£1,000
Payment of both mortgage and rent in the case of an overlap:
-£1,500
Stamp duty (based on 1%): -£2,300
Estimated tax on savings (presuming sale funds placed in savings)
-£1,000
Estimated rental costs (per annum) -£12,000
Cost to repurchase property (based on 5% increase) -£11,500
MODEL A: AVERAGE COSTS ON SELLING TO RENT £34,900
Model B: Costs on Selling to Rent and Buying Later (5% market
downturn)
Average property price: £230,000*
Estate agent fees (based on 2%): -£4,600
Solicitors fees: -£1,000
Removal and storage fees: -£1,000
Payment of both mortgage and rent in the case of an overlap:
-£1,500
Stamp duty (based on 1%): -£2,300
Estimated tax on savings (presuming sale funds placed in savings)
-£1,000
Estimated rental costs (per annum) -£12,000
Cost to repurchase property (based on 10% decrease) £11,500
Savings in Mortgage Costs (from a fall in property prices)
£1,800
Interest on savings (presuming sales funds placed in savings)
£1,000 MODEL B: AVERAGE COSTS ON SELLING TO RENT £9,100
Michael O’Flynn, comments:- “Based on the industry data we
review and analyse, selling to rent is a costly and financially
precarious proposition and one with debatable benefit,
particularly with the personal upheaval involved.
The costs savings
of selling to rent does not appear to justify the hassle of selling,
renting and eventually buying again and our figures do not even
take into account average penalties for exiting fixed mortgages,
which could add thousands to selling costs.” |
SEDUCTION STEP ONE.....GET YOUR SOCKS OFF!
OR you’ll get
no satisfaction, as the Filthy Food Company survey reveals that 49%
of people in the North West wear them on the job.
Romancing should be an excuse for long, slow pleasures- eating a
sexy meal, sipping sparkling champagne and devouring chocolates, and
then enjoying a lengthy session in the bedroom. But a new survey by
the Filthy Food Company has found that Brits are having less sex
than ever before due to stress, and that ‘quickies’ are on
the up- because it’s all we have time for. The average sex
session in the North West lasts under 20 minutes, and it’s happening
less than 6 times a month- even though the vast majority of couples
surveyed wish it lasted longer. Worst of all, almost 50% admit
that sex is so speedy, they don’t even bother to take their socks
off first, which is a major turn-off for 19% of partners in the
North West. Despite that, the biggest bedroom no-no for seducing
women is a pair of Y fronts (hated by 31%), while men are repelled
by giant Bridget Jones knickers (22%). Other boudoir horrors include Grandad pyjamas (11%) football shirts (11%) and bras with tricky
fastenings (5%).
But it’s not all over for de-sensitised Brits to wake up to the
pleasures of taking our time, and savouring the moment- whether it’s
with a divine Filthy Chocolate bite- chilled, crisp Belgian
chocolate wrapped around a melting, decadent centre- or a long, slow
sex session with your lover or perhaps both pleasures together?
“It doesn’t matter whether it’s an expertly crafted culinary
treat, or the flamboyance of a decadent striptease- seduction is all
about revelation,” says Kittie Klaw, of the Ministry of
Burlesque. “Just when you think you know the score, the
seducer leads you to a new path of sensation, excitement and joy in
the moment.” Kittie insists that the key is taking
time to savour the experience. “We may be analytical
Brits, with our dry wit and hectic life styles, but it’s time lovers
in the North West learned how to take hours to indulge ourselves and
each other, sharing pleasure for its own sake.”
KITTIE’S TEASE TIPS FOR FILTHY FOODS
For Him:-
1. “Humour is sexy, Confidence is sexy – use them.”
If you’re taking your clothes off slowly, it can be embarrassing- so
be playful, tease her, and ham it up- it won’t be any less sexy to
watch, and will put you at ease.
2. “Use Your Assets- if you have great arms, roll your sleeves
up, then down, then back up a little… Great legs? Then use them."
Make the most of your best bits, by giving her a quick flash,
followed by a slow reveal- and conceal, before removing your shirt
or trousers.
3. “Use items such as spectacles or chocolate bites to play
dexterously with- slide them in and out of your mouth.”
Have fun with accessories, and be as suggestive as you like,
stroking them up and down your thigh.
4. “Socks off! Take them off before your reveal your legs –
it’s a step by step reveal…”
Point your toes when peeling off a sock. It’s not a crisp packet to
be crumpled. You rolled it on, so roll it off in a smooth motion!
Get acrobatic with it if you can…!
For her:-
1. “Use lingering looks and body movements to seduce”
Lead with your eyes, arms and legs. Show him what you mean by your
gestures- you shouldn’t have to say anything.
2. “Make the most of your heels”
Choose footwear that emphasizes your legs and frames your feet. Pick
shoes which gives height and confidence- but make sure you can walk
properly in high heels before using. Turn your feet out to emphasis
the shape of your legs with every step.
3. “Peel off slowly”
When removing items such as gloves, remove them one finger at a time
and then in one smooth motion over your extend arms and hands. You
have elegant limbs and digits- draw attention to them!
4. “Take off your stockings”
When peeling off your stockings (never tights!) flash those stocking
tops- it’s a tease as to where they lead to. Gently roll stockings
down over the limbs to exaggerate length, pointing toes, again to
emphasize your shapely legs. Peel the stretched out stocking off in
one long movement.
Consider when eating food how sexy you can make it by being aware of
every bite and lick! Filthy Chocolate Bites straight from the fridge
offer pure sensual pleasure, with hard dark Belgian chocolate
encasing a melting centre of Cheeky Chocolate, Seductive Strawberry
& Cream, Kinky Crème Brulee, or Captivating Caramel. |
