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If you’ve got end of term issues with some of your products, that’s critical that you look at those if you’ve got negative equity issues with one of your properties in your portfolio, but not sure how to handle it, or you’ve got quite a large level of negative equity properties with good cash flow that don’t know what to do. Then again, you need to start thinking about consolidating.

 A lot of people actually don’t really know what consolidation actually means in its entirety. Consolidation means is that you got to really tidy up house and get everything completely ship shaped before you start thinking you’re growing, because if you’ve got bad habits or things that aren’t really working in your portfolio and you’re starting to do even more deals, you may find that one false move and your whole portfolio will be a house of cards.

You could end up losing everything. So that’s one part second part is once you’ve tidied up the house, tidying up your credit is actually good credit repair. So if you’ve got CCJs or missed payments or defaults when I really tidy up house and get all your payments up to date, that will probably help you with credit cards, et cetera. To actually have a better borrowing ability to actually borrow if you needed to at the cheapest rate. But having poor credit is only going to make things worse for you in terms of being able to borrow money.

What is repossession?

Going through the process of repossession of your property is undoubtedly an incredibly stressful time for everyone involved however there are ways in which you can postpone or stop your home being repossessed.

Although property repossession may seem inevitable, there are some steps you can take in order to prevent it from happening. The initial thing you should do is contact your lender and work with them to find the best solution possible. Lenders are now legally required to consider your payment proposals and respond to them before initiating the repossession process, therefore it is in your best interest to start a dialogue. Try following these steps:

  1. Contact your lender to discuss a payment proposal in order to buy you more time
  2. Get legal advice from a qualified professional or service
  3. Change your mortgage terms – for example to interest only payments or a longer term mortgage

Remember these!

So I would say that you really need to actually get your house in order when it comes to tidying up for your bill payments to make sure you don’t get any missed payments, et cetera. So that’s very important, just making sure that if you’re not really the admin type of person not very good at keeping a top of your paperwork, then I would suggest what you do is you go, maybe get bookkeeper or get somebody in who’s more admin diligent because you may be a very good deal maker that may not have the good discipline to be able to manage your accounts.

So I think you should actually know your strengths, weaknesses in this area. The third thing is consolidating. Again, you need to actually look at cost reduction.

So why would you want to go out and buy five or ten properties?

Because this is a clever way of actually reengineering or doing an audit of your properties and seeing if you can reduce costs, you may find it’s more profitable. Just tidying up what you’ve got rather than to take on more debt. So that could be quite a good strategy for you guys.

So what else can you do?

So basically you may find you have a lot of money trapped in your portfolio, and once you’ve consolidated tidy everything up, you may realize actually the value of your assets and certain properties is a lot higher, or they may have development potential. So you may not even need to go out and do too much hard work and getting more asset when you could again turning out finance, getting money out or developing that us across various parts of the company in the Bridging finance refinance to legal work, to sales work and the company is growing back.

What else should you be considering?

So finance is important so you can refinance and get better term rates. Now you can actually have one client that borrowed £50 million and we managed to get him a 1% rate. But the property residential property owns is worth £100 million. So 1% rate is like the cheapest on the market. Obviously, what comes down to packaging your deal up in a way that allows us ability to help you close business or help you get that deal?

 So we would package it all up and that you present it for you. So that was quite a good one that we assisted one of our clients with major investment bank. So in terms of growing the portfolio further, you can refinance, you can develop it further. We also help people put together business plans for acquisition as a growth model. So what type of assets they should buy? What model they should go for? Is it going to be rent? Is it going to be service accommodation?

Is it going to be by land by develop by land, get planning, develop by land, get planning, sell. So what are the major strategies?

So we would do an assessment and help you to consolidate. We would do an assessment to help you to work out what are the immediate consolidation strategies.

What should be a growth plan and how to time it in a way that’s systematic as well?

So a lot of information to take in there for you guys. Hockey on the weekend. 1 second. I want to talk a little bit about negative equity as well. Actually. Give me 1 second. So in June 2013, a while back now I did a presentation factor, had about two 3000 views, but we reedited all the videos and put them back up again. It’s called Negative Equity. Legal Issues revealed Lakhi Singh land letting show Bolton, June 2013. Anybody wants to look that up?

I’ll talk about the topic we chose at the time was the top ten legislative issues that will either make or break the housing market in 2013. I think that’s quite pertinent now into 2021. What could break the housing market is quite a big question, actually. So I’m going to try and attempt to answer that now as well. So the first thing is that you got furlough has ended.

You’ve got stamp duty ending you’ve got a lot of the tax around by to let mortgages is fully implemented now so you can’t get tax relief. If you’re getting a rental income from the interest you got to pay to the bank, you’ve got inflation, you’ve got Bruit. You’ve got energy sort of crisis. In terms of it’s, you could sort of say it’s linked to covert 19. You’ve got a huge energy issue now and the cost of fuel is going high. The cost of PG.