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Bull jumped into a crowd in Spain |
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A bull jumped into a crowd of people and trampling numerous spectators last Wednesday in Spain. |
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ITV’s X Factor and Britain's got Talent reaches Costa del Sol Marbella |
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Alexandra Burke, Diversity and Jamie Archer to perform this week in Puerto Banus Bullring... |
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U.S. First Lady Michele Obama and her daughter are enjoying of the Andalucian hopitality |
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Marbella, Granada, Ronda & the Beautiful Malaga are getting the presidential seal of approval |
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100 Percent Mortgages Available in Spain |
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Dont Miss this Opportunity to own a Property in Costa del Sol Now Discounted up to 50% |
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| Lifestyle & Real Estate News |
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Useful Property Jargon to Understand what your Lawyer or Bank is talking about
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Here you'll find a short list of terms you'll hear when buying or selling a property
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Yield
the return on your investment, expressed as a percentage, calculated as the income divided by the money invested.
Capital growth
An increase in the value of the property.
Passive income
money that flows from an investment, without any direct involvement - as opposed to earned incomes, like salaries.
AST
assured short-hold tenancy agreement, which is the most common form of tenancy agreement.
Mortgages
Fixed rate
The rate of interest is static for a determined period of the loan.
Floating or Variable rate
The interest charged will vary with fluctuations in the Bank of England?s base rate.
Capped rate
This type of mortgage protects you against any rise in mortgage rates, but allows you to take advantage of any reductions.
Discounted rates
The lender reduces the interest rate on the loan, for a fixed term.
Stamp duty
A tax payable to the government on purchase, which varies depending on the purchase price.
OPM
Other people?s money - using other peoples money for the purchase and repayment i.e. the bank and the tenant
OPT
Other peoples time e.g. using a letting agent
Leverage
Using your initial 15% deposit to get a return based on 100% of the cost of the asset.
So, your £15,000 deposit will give capital growth on a £100k investment.
Flipping
Selling a property for a profit, shortly after purchase
Types of Survey
Valuation - doesn?t provide any detail on the condition of a property, merely its value.
Homebuyers report - provides information on the state of the property
Full Structural - all singing and dancing report, but quite expensive
Timber and Damp - will check the woodwork for signs of wet/dry rot and any other deterioration
Debt Capacity
t?s possible to calculate the debt that a property will cover, using the formula
Annual rent
1.3 x interest rate
Provided this is less than 85% of the property value.
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