• Buy-to-let celebrates 15th anniversary

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    The Paragon Group of Companies has praised the positive contribution buy-to-let has made to the UK housing market as the sector celebrates its fifteenth anniversary this month.

    Buy-to-let was officially launched by the Association of Residential Letting Agents on 24 September 1996 at the RAC Club, Pall Mall. The launch was an industry-wide initiative and included several founder lenders, including Paragon Mortgages and Mortgage Trust, and industry bodies, including the Council of Mortgage Lenders.
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  • Buying a property with no (little) money

    house of moneyBefore we get to the real meat of this article here’s a little brain-teaser that I used to pose to people at property investment seminars:

    Q: If you buy a property without investing any money into it and then sell it for a profit, what is your return on investment?

    Hint: The amount of profit is irrelevant

    I’ll put the answer at the end of this post.
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  • Millionaire developer fails in bid to seize 3m home

    An eighty-five year-old millionairess has lost a court battle to strip her only daughter of her £3 million Chelsea home.

    Retired property developer Diana Lindsay took court action to claim the house after her daughter, Beverly Lindsay, married a twice divorced man. Mrs Lindsay claimed the house was her second home but this was untrue.

    However, Judge Patrick McCahill, of Bristol Crown Court, said it was clear her daughter was the sole owner of the house and that Mrs Lindsay was a shrewd and astute business woman full of ‘exaggeration and a selective recall of events’, who was ‘trying to re-write history’.
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  • Ex-England manager duped by infamous property group… Again

    The investment bank that attracted Sven Goran Eriksson’s support, as well as his money, has failed to meet yet another payback deadline.

    Notts County are among the latest bodies to join the fight against the First London Group. A report by AG Associates, filed with Companies House, said that the football club had lodged a claim for their £5m investment.

    The previously London-listed ‘First London’ was wound up in May 2010, after it emerged that 49 per cent shareholder Russel King was in fact a convicted fraudster.

    Property investment group The First London Group, the holding company of First London, are now facing fresh controversy after failing, once again, to pay their investors. 

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  • 85% Loan-to-value, Buy-to-let is back!

    For anyone that has been involved in Buy-to-Let in the past or looking to get into it, this is big news.
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