Man City Footballer Rahaem Sterling buys row of terrace houses to kick start Fiancee’s Property business

Raheem Sterling’s fiancée Paige Milian, 22, who has a young son with Raheem, announced that they had bought the complex on Instagram .

She wrote: “After months of studying property development, I achieved my qualification to become a property developer in 2018.

 

“We then started a search of properties to add to our portfolio and was then successful in purchasing six brand new houses.

“We plan to add more projects to our portfolio in the future.”

The six new two-bedroom houses are in an unfashionable part of Stockport

The 24-year-old snapped up the six two-bedroom houses in an unfashionable part of Stockport, Greater Manchester, for an estimated cost of £166,000 each.

 

For property investment in the UK from start to finish, Please Contact me

Dennis Bebo – MSC, BSC, DEA, CeMAP

TA DenEco Consultancy – www.deneco.co.uk

Advertisements

Property Purchase: What is Indemnity insurance and do I need it?

In a UK property purchase, Indemnity insurance is used during conveyancing transactions to cover some sort of legal defect with the property which can’t be resolved swiftly, or at all. For example if there is a relatively obscure legal problem such as a problem with the deeds with virtually no chance anyone is going to make it a problem in reality, but to sort it out means going to the other party involved and can make the process very expensive, very slow or impossible. It is a one-off payment for a policy that then lasts forever

In these sort or cases an indemnity insurance policy is ideal – should the unusual problem ever show its face then you are covered by the policy. If you’re offered such a policy, its important to bear in mind what it does or doesn’t cover. For example, a policy in respect of missing Building regulations will not cover the cost of doing the work properly, but only the cost of following through any action taken by the local authority – if they don’t take any action and they won’t after the works have been up for a year then you won’t be able to claim. Your legal adviser can advise on the policy for you.

 

For property investment in the UK from start to finish, Please Contact me

Dennis Bebo – MSC, BSC, DEA, CeMAP

TA DenEco Consultancy – www.deneco.co.uk

Property Purchase: What exactly is gazumping

The term gazumping is often use by the media but generally don’t paint a full picture of what actually happens and as such many often find it surprising and confusing to understand.

Gazumping is where a property sale has been agreed but contract not yet exchanged and a third party comes along and offers more – where a third party ‘gazumps’ the original buyer. Gazumping is a nightmare for the original buyer as they’ve no comeback against (even if a survey has been done) either of the other two parties. In other for it to happen the seller must have to accept the higher offer, although they don’t have to.

I have worked for  clients on cases where a seller received higher offers but stuck to the original because they felt it was the honourable thing to do or preferred the original buyer. Also I have worked on cases where gazumping saved the chain – the original buyer was not taking it seriously or experiencing delays in securing mortgage and the chain was about to fall through – the new buyer moved ahead quickly and the whole chain completed. Gazumping normally occurs more often in a rising housing market, but probably not as much as the media would have you believe.

For property investment in the UK from start to finish, Please Contact me

Dennis Bebo – MSC, BSC, DEA, CeMAP

TA DenEco Consultancy – www.deneco.co.uk

£1.3m UK house for Sale with multiple plug sockets trending on twitter

post  on Twitter from Toby Davis, which has since had more than 6,000 likes and 2,000 retweets, first picked up on the excessive socket placement.

He wrote: “Thinking about buying this house, but I’m not sure it has enough plug sockets,” and later added “or downlighters”.

Photos of the inside of a £1.3 million house on Rightmove have left people on Twitter feeling unwell and wondering what the property was used for by the previous owners.

The five-bedroom detached home in Middlesex promises a family-friendly location, bright spaces and a conservatory leading to a patio area and spacious garden behind.

Almost every single room seems to be inexplicably covered with plug sockets.

Sockets stacked on top of each other plaster the walls and line the windows – and some of them don’t even line up.

The previous owner must have been operating a call centre or media company from his home. What do you think?

For property investment in the UK from start to finish, Please Contact me

Dennis Bebo – MSC, BSC, DEA, CeMAP

TA DenEco Consultancy – www.deneco.co.uk

Help to Buy ISA ends this Month 30 Nov 2019; Act fast starts from £1 deposit

Time is running out for first-time buyers who want to get on the property ladder with a help-to-buy ISA (H2B).

The Government-led scheme gives youngsters between the age of 16 to 40 a 25 per cent bonus to help them buy their first home, and you can start up an account with as little as £1.

If you want to benefit from the scheme you’ll have to act quickly, as the application deadline falls on 30 November – giving prospective account-holders just a month to make a deposit.

Once the deadline passes, the H2B scheme will be replaced by the Lifetime ISA (LISA).

While you can have both accounts open at the same time, you’ll only be able to get the 25% homeowner’s bonus on one.

It’s important to weigh up the pros and cons of both accounts before making a decision on which to use. For more information contact your bank or an independent advisor.

For property investment in the UK from start to finish, Please Contact me

Dennis Bebo – MSC, BSC, DEA, CeMAP

TA DenEco Consultancy – www.deneco.co.uk

How to claim for Home Insurance: the three golden rules

Home insurance is there to give you financial support if the worst happens. So if you need to claim, its important that you know what to do.

1. Read the policy carefully

To start with, when you receive the policy document read it carefully to know exactly what you are covered for, any limits or exclusions, and the steps you need to make a claim. For example, if you have been burgled, you will be expected to notify the police as soon as possible. And if anything is unclear, talk to your insurer.

2. Inform your insurer as soon as possible, if you need to claim

As soon as you think you need to claim, tell your insurer. The sooner they know, the sooner they can get your claim moving. If, for example, your home has been damage by fire or flood, arrange any temporary repairs to stop the damage from getting worst. Home buildings and contents policies will include a 24-hour emergency helpline service to give you advice and information.

3. Provide as much information as possible

The more detail information that you can give your insurer about the damage, and what you are claiming for the better.  When claiming for damage or lost items, wherever you have them, provide receipts and any valuations to substantiate your claim.

While insurance cannot guarantee that you will not suffer financial setbacks. It can ensure that any unexpected and unwelcome events will not leave you struggling financially. Home Insurance in particular is one of the very few products that you buy hoping you will never have to use it. But if the worst happens, it will turn out to be one of the best purchases you have ever made.

For property investment in the UK from start to finish, Please Contact me

Dennis Bebo – MSC, BSC, DEA, CeMAP

TA DenEco Consultancy – www.deneco.co.uk