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Buy2LetCars Investment Seminar at Birmingham.

Join us at one of our ever popular free to attend seminars on Wednesday 15th May 2019. The event starts at 6.30pm and is being held at the Hilton Birmingham Metropole, NEC, Pendigo Way, Birmingham B40 1PP.

The evening will begin with reception drinks and then a brief presentation by our CEO and Founder Reginald Larry-Cole followed by a Q&A. Our funding consultants will also be on hand to answer any questions you may have.

We look forward to seeing you.

The post Birmingham Investment Seminar appeared first on Buy2LetCars.

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Buy2LetCars Investment Seminar at Croydon.

Join us at one of our ever popular free to attend seminars on Thursday 2nd May.

The event starts at 6.30pm and is being held at The Hilton Hotel, Croydon, Purley Way, CR9 4HH.
The evening will begin with reception drinks and then a brief presentation by our CEO and Founder Reginald Larry-Cole followed by a Q & A.
Our funding consultants will also be on hand to answer any questions you may have.

We look forward to seeing you.

The post Croydon Investment Seminar appeared first on Buy2LetCars.

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How Britain’s £239bn buy-to-let bubble burst, as landlords are ruined by tax penalties and a hit to their pension plans
  • A tax crackdown on rental income has disrupted the finances of small landlords
  • A 3% stamp duty surcharge has delivered huge bills for buying  
  • Tax hit has meant that for many landlords the numbers no longer stack up 
  • Existing landlords are offloading around 3,800 properties a month

Landlords ploughed into property during the Noughties, in the hope they could sit back, collect rent and watch house prices soar. But a deluge of taxes and an uncertain market has seen tens of thousands abandon the buy-to-let industry and start to look into other investment markets. The number of new landlords getting mortgages has plummeted by 60 per cent in the past decade. When buy-to-let was at its peak in 2007, around 183,000 mortgages were approved to landlords looking to invest in new properties each year, according to the trade body UK Finance.

New figures suggest the number of buy-to-let mortgages given out in 2018 plunged below 70,000. On top of this, existing landlords are offloading around 3,800 properties a month, Ministry of Housing figures show. So why are so many investors turning their backs on property — and are there any opportunities left to make money?

The Government announced a major clampdown on buy-to-let in 2015 amid fears landlords were pushing up property prices for struggling first-time buyers. Its first move was to deter new landlords by introducing an extra 3 per cent stamp duty charge for anyone buying a property that was not their main home from April 2016. It means that instead of paying £5,000 in tax on a £300,000 home, they now have to pay £14,000. Figures suggest the new charge had the desired effect.

Banks approved 117,500 buy-to-let mortgages in 2015. The next year this dropped to 85,000 and then to just 74,900 in 2017, with the market still worth a huge £239 billion. The then Chancellor George Osborne also took steps to hit existing landlords’ profits with a series of stringent new tax rules. Buy-to-let investors could previously shave 10 per cent off the income tax they paid on rental earnings for ‘wear and tear’ to their property.

This applied even if they hadn’t spent anything on maintenance that year. But since April 2016, landlords have been allowed to deduct only the cost of replacing furniture or building work. On top of this, they will soon no longer be able to deduct the interest they pay on their mortgage from the rental income they declare to the taxman.  Previously, if you earned £10,000 in rental income and your annual mortgage interest payments were £6,000 you would pay tax on just £4,000.

Mortgage interest tax relief is being phased out, and has been slashed by 25 per cent every year since 2017. By 2020/21 it will be scrapped all together. To soften the blow, a new 20 per cent mortgage interest tax credit is being gradually introduced. High-earning buy-to-let landlords will be hit hardest by the new tax credit scheme.  Those earning between £46,351 and £150,000 — including from rental income — pay 40 per cent income tax, but will be only able to deduct 20 per cent of interest payments from their final rental income tax bill.

So if they paid the rate on a £10,000 rental income and their interest payments were £6,000, they would only be able to claim a £1,200 credit on their £4,000 tax bill.  This would leave them with a profit of just £1,200. The previous regime would have left them with a tax bill of £1,600 and a profit of £2,400.

Under the new scheme, basic-rate taxpaying landlords, who only have to pay 20 per cent tax on rental income, will be left with an £800 tax bill after the credit is applied and a profit of £3,200.

The post How Britain’s £239bn buy-to-let bubble burst appeared first on Buy2LetCars.

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At Buy2LetCars, we are always keeping an eye out for opportunities that will benefit investors at a time when interest rates are so low and the opportunities to make a good return are few and far between.

The Daily Mail recently reported that banks have many older customers (around the age of 61) leaving large sums of money languishing in current accounts that pay little or no interest – an average of £33,000 in their current account and £17,000 in a savings account, this according to research by the Financial Conduct Authority. This money should be working harder. By contrast, Buy2LetCars delivers up to 11% interest, and the opportunity is open to anyone, not just the over 60’s.

Let’s say for example you have £56K to invest. Upon investing, B2LC customers will receive monthly payments of £1,022.76 for the first three years, and then a gross final payment of £32,764 in month 37 – an amazing 10% interest – beating any bank’s interest rates. The gross interest gain over the 3 years is a colossal £13,583.36.

Banks are essentially cashing in on customers who keep more money in current accounts that don’t earn any interest, thereby earning the banks the most profit! Banks profit from eight in ten customers, says the FCA, which studied the UK’s 73million accounts.

Most current accounts offered by major banks such as Barclays, Halifax and HSBC are free to use if customers are in credit, but pay no interest.

To learn more about the opportunities to grow your cash up to 11% per annum, please contact one of our expert consultants today for a no obligation discussion on how to get your money working harder:
info@buy2letcars.com or 0208 289 6667

The post Don’t let your savings languish in low interest accounts… appeared first on Buy2LetCars.

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At Buy2LetCars, we’re always keeping an eye out for opportunities that will benefit investors. Utilising the equity that homeowners have accumulated over the years presents a great option for investment in Buy2LetCars. Let’s do the math

In round terms, house inflation is estimated to increase by 2% a year on average. If you’re lucky enough to have bought your property in the 1980’s, you will potentially have seen an increase in the value of your property in excess of 2% p.a.

Let’s look at an example:
Someone who releases, for example £100K equity from their property and invests in Buy2LetCars, pays the £2K advisers commission and then has £98K to invest in seven new cars.

Upon investing, B2LC customers will receive their monthly dividends of £1,871.52 for the first three years, and then a gross final payment of £57,071 in month 37.

£1,871.52 a month for three years is pretty unbeatable in today’s market, as rolling over returned “reduced” capital after three years produces follow on interest. It’s a gross gain of £26,445.72 – an amazing 11%!

CALCULATE YOUR RETURNS

The post How to Invest Your Equity Release Wisely for a Return of up to 11% appeared first on Buy2LetCars.

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The stagnant property market in London amid Brexit uncertainty continued to frustrate buyers and sellers in the month of December, as asking prices in the capital fell £11,275 to an average of £602,996.

Yet while the 1.8 per cent seasonal slip actually marks the smallest November to December decline for five years, it’s not a sign of an improving outlook but rather a dramatic reduction of properties available to buy.

The new figures from Rightmove show the number of homes being listed for sale has plummeted 19 per cent compared to the same time last year, which has helped to fuel the comparatively low five-year drop in asking prices.

Wannabe buyers and property investors are therefore left with slim pickings to choose from and vendors are holding back as their homes appear to get cheaper.

“Scarcity of property coming to market helps to underpin new seller asking prices,” says Rightmove analyst Miles Shipside. “Postponement of sales is likely to be due to political uncertainty,” he adds, referring to the ongoing Brexit negotiations.

Housing market

Asking prices have fallen in seven out of 12 months over the course of last year when comparing each to the corresponding month in 2017.  The Royal Institute of Chartered Surveyors (RICS) has predicted that the uncertainty around Brexit is likely to continue to impact the housing market, with fewer people looking to move and sell.

“Against a backdrop of Brexit uncertainty, both buyers and sellers are cautious, which has led to a consistently sluggish market. It is clear that Brexit uncertainty is weighing on both buyers’ and sellers’ minds,” says Gary Barker, boss of Reapit – a software provider for estate agents.  He insists there is a supply crisis coming to central London. Concerned about the market, there have been fewer developers than usual buying up old buildings to convert them into luxury apartments.

Tech shares

Shares in some of the world’s largest technology stocks plunged on November 19th, dragging the Nasdaq down by 3% to drive a wider market sell-off.  The Wall Street Journal recently reported that lower demand for Apple’s new iPhones had impacted on the firms that make the handsets and components after the US company reduced its production orders.

Facebook, which is grappling with continued controversy over its handling of user data and the crisis over Russian election interference, saw its shares fall 5.7%. Apple shares are now down about 20% from their peak in October, while Facebook shares are hovering at their lowest levels in more than 18 months.

Buy2LetCars

Buy2LetCars have hundreds of investors, some of which have been clients since the launch of the company in 2012 and firmly believe that Buy2LetCars offer delivers a proven Brexit-busting opportunity; the biggest return on investment in the car industry today is achieved through the funding process as opposed to selling of the car itself.

To date Buy2LetCars have helped savers and investors grow their money up to 11% per annum on an investment portfolio of close to £45million. Buy2LetCars is rated 5 Star on Trust Pilot by its investors and they boast an impressive 100% investor satisfaction rating with a 0% default to investor rating since inception.

Furthermore the Buy2LetCars leasing arm Wheels4Sure, is also rated 5 Star on Trust Pilot the highest client recommendation in in its sector of car leasing. Interestingly enough, hard to fathom but it’s the reality our leasing arm is listed at number 46, one behind our Brexit neighbours BMW . What makes this such a remarkable achievement is that ALL our cars are funded by savers and investors who have earned up to 11% per annum on their money.

Is it not high time you take advantage of 11% per annum return that is asset backed within a £58 billion a year industry in what Sky news reported as the fastest growing sector within finance?  Buy2LetCars needs to have a place in your portfolio, when it’s all said and done, Brexit or not, people still need cars and you have a tried, tested and proven team in Buy2LetCars to get your money working harder now.

Calculate your desired rate of return here and then make contact for a no obligation overview from one of our leading investment consultants from the comfort of your PC/Tablet or phone.

The post New Year, New Market appeared first on Buy2LetCars.

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The squeeze on landlords is only getting more severe. Mortgage interest-rate relief continues to taper for the next two years and regulations around health and safety are getting more exacting. The pendulum has swung significantly against the amateur landlord. It is difficult to envisage this changing. As more of them get squeezed out by unexpectedly high tax bills this looks like the weakest spot in a market which is already frail.

Buy-to-let properties have long been loved by British investors, but rising taxes, tougher mortgage rules and high property prices have caused many to rethink buy-to-let investments and look at other options, including investing in leased cars.

Prior to 2012 the only parties that enjoyed the leading rates on investing in the car funding process were banks and car finance institutions using the deposits and savings of their customers. So lucrative is this industry that one of the biggest insurance giants – Admiral has joined the car funding business in December 2017. The booming car finance market has also reportedly earned Black Horse finance its strongest performance up 20% to £10.9bn.

We at Buy2LetCars have seen a significant number of buy-to-let landlords deciding to switch to investing in leased cars as opposed to buy-to-let property. In addition, with traditional investments such as ISA’s losing their appeal because of comparatively low returns, it’s no surprise that we now have over 500 personal investors in Buy2LetCars. It means minimal involvement for the investor, but crucially, the returns are between 7% and 11% per annum return and less headaches than buy-to-let property.

To get your money working extra harder contact us by phone on 020 8289 6667, email info@buy2letcars.com or simply fill in this contact page.

The post Impact of the reform of the buy-to-let housing market encourages landlords to rethink their investments appeared first on Buy2LetCars.

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