Monday 13^th July

Guest Speaker: Phil Martin

“Go with the flow and let Property Investing change your life”

The bi-monthly event, organised by Rhett Lewis Property Investments, returns Monday 13 July and we are proud to announce that Phil Martin will be the guest speaker. Phil Martin, who is the founder of the Mortgage Rescue Network, will be speaking about how property investing can change your life and how easy it can be. A bright future and your freedom are much closer than you think.

Phil Martin, full time daddy to 5 princesses, built his portfolio of 70 properties within 2.5 years. He is passionate about helping vulnerable people and enjoys empowering others to go for their dreams.

If you’d like to know Phil’s secret to a bright future and more freedom, then do not miss out on this opportunity. Guests who pre-register pay £10 and £20 for guests that pay at the door. Pre-register now!

Venue details:

Novotel Hotel (Junction 25 of the M1)

Bostock Lane

Long Eaton

Nottingham

NG10 4EP

www.rhettlewis.com/empnc/

18^th and 19^th July

A new, ground-breaking “Become a Property Billionaire” Bootcamp reveals proven insider secrets, loopholes, tips and strategies to legitimately build a cash flow property portfolio. 

You can rest assured this is not another pie-in-the-sky program from an author who only makes his money from book sales. I am a successful full-time property finder, developer and investor. I extensively practice what I preach. It works for me and it will work for you.

90% of the bargain properties I will teach you to find should fit nicely into your portfolio. They are what I like to call “bread and butter” properties, as they are easy to realize, secure and add to your growing list of properties. I have key contacts in the industry to help you take advantage of these opportunities.

There is no question you’ll succeed if you follow the blueprint that I, plus the other property experts at our Bootcamp, give you. You simply must follow the same step-by-step outlined procedures that have helped others become financially independent.

After attending the Bootcamp, if you are ready to our system into place, you can be assured that we have given you all the knowledge and information you need.

For a seminar of this calibre and depth, it will probably be the best, most effective and affordable investment you ever make.

With the right training, the right mentors and the right game plan… YOU could become a successful property investor or property developer and achieve the financial freedom you deserve.

You’ll learn everything you ever wanted to know about buying properties without using ANY of your own money. I have heard of other seminar companies charging nearly £5k for this information. You’ll learn:

• How to use your contacts to your advantage by getting them to call you first with the juiciest details
• The 6 crucial questions you MUST ask an estate agent before you agree to view ANY property
• My quick definition of a bargain property that will instantly tell you whether a property is worth buying

The workshop covers the seven essential elements of turning your life-time into a money making machine. You’ll be taken step-by-step through each element in a simple, straightforward and easy to understand manner. Each section will build on the previous one to equip you with a set of skills that will pay for themselves time and time again.

Register now and receive the following bonus gifts

• Rhett’s Homestudy Manual
• Property Billionaire Bootcamp DVD’s; recommended to watch prior to the event
• Rhett’s latest book “How to avoid the 77 Biggest Mistakes made by property investors”
• Bring one spouse, life-partner or child for half price

For more details or to register: www.rhettlewis.com/bootcamp/index.html or phone Tammy on 0115 9814153.

‘Become a Property Billionaire’ Seminar

Saturday 30^th May 2009

This seminar is inspired by The Times 100 Rich List of which half have made their fortunes through property. Rhett Lewis, who is the host of this seminar, offers future property investors (and those not in the “know”) the opportunity to learn how to incorporate the “Rich List’s” secrets into their investment portfolios. The seminar takes place in London on Saturday 30^th of May.

            Attendees will be equipped with a step-by-step PPI System© which will help them to achieve financial freedom through property within the next twenty four months.

            If anyone appreciates how important it is to have insider knowledge, then it is Rhett Lewis.  Moreover, he is not afraid to share his property investment experiences, which have often happened through trial and error.  Since not everyone can afford to learn this way, Rhett is willing to help like-minded investors avoid the errors and pitfalls, and take advantage of his successes.

            Rhett extends a welcome invitation to any investor wishing to emulate the “Rich List’s” property gurus.  At a cost of £27 per person, the Seminar is to be held at the Victory Services Club in Central London on 63-79 Seymour Street, from 9:30 am and finishing at 5.00 pm. 

            For more information about the ‘Become a Property Billionaire Seminar’ please contact Ana on 0115 9827160 or register for your tickets on www.rhettlewis.com/billionaire/

In recent months there have been many questions that I’ve been asked continually. The ones that seem to be on everyone’s lips are about interest rates: what are they likely to do and what, as investors, should we be doing about them?

Interest rates have fallen considerably over the past eight months with the official cash rate now at .50% Many investors will now find their investment properties positively geared.

The questions most commonly asked is: should I fix my interest rate, and if so, when is the best time to do it? Unfortunately, none of us own a crystal ball, but we do have historical data and the ability to analyze this to forecast future trends.

Why you should consider fixed rates now?

Mortgage industry research over the past 27 years reveals that 83% of the time, the borrower with the variable rate loan was better off than the borrower with the fixed rate.

Having said that, fixing your interest rate does have numerous advantages, especially in today’s climate. The current low interest rates are likely to be of the “once-in-a-lifetime’ variety. Generally, the best time to fix is when the interest rate cycle is close to bottoming and when the prospect that cash rates will increase is in the near future.

In my opinion, borrowers should start considering their options now. With the government trying to boost the economy through various stimulus packages, we will get to a stage where it needs to ensure inflation is kept in check. To do this, the Band of England will probably increase the cash rate. If the stimulus package works as intended it will have an inflationary effect, which in turn will lead to an increase in cash rates.

If you’d like to know exactly how much you’ll be paying out from month-to-month without having to worry that your repayments may increase, fixed rates are for you. For investors, it is a promising situation to have the comfort of locking in your fixed rate and the certainty of a positive or neutrally geared property for up to five years.

Given that interest rates are at historic lows, rental yields are continuing to climb amid low vacancy rates. Because there is strong rental demand, now is the great time to be fixing your interest rates.

The downside to fixed-rate loans is the fact that you can be locked into a higher rate while variable rates are cut. To avoid putting all your eggs in one basket, the other options would be to have a bit of both by splitting the loan and having one portion fixed and one portion variable.

Fixed-rate strategies

For core properties that are earmarked for long-term holding, investors should look at fixing for a minimum of three years (or preferable five), assuming the property cash flow can be maintained at a neutral of better position. Ideally, investors should stagger the durations of their fixed rates to ensure they don’t all mature at the same time. Staggering the duration of fixed rates ensures the portfolio isn’t fully exposed to the current variable/fixed rate at expiration of the fixed rate agreement.

It is also important to keep in mind discount and specials on fixed rates when they are on offer. These discounts are a relatively safe way for lenders’ to attract your business because refinancing during a fixed term is rare.

If you do decide to go for a fixed loan, the next questions you face is how long do you want to fix it for? The most common fixed rate terms are one to five years, with some institutions also offering terms up to 10 and even 15 years. Right now, the shorter the fixed period, the lower the rate. This says to me that banks are aware that rates won’t stay low for too long.

Personally, if I could get a fixed rate loan for three to five years at the about 5% and I thought we were at the bottom of the cycle. I would be fixing my loan.

Historically, over the past 30 years interest rates have averaged around 6.5-8.5% pa. Again, for property investors an interest rate around 5% for up to five years could mean a neutral or positively geared property for the long term.

Factors influencing the fixed-rate market

Contrary to public opinion, fixed rates are not solely influenced by the Bank of England,they are also influenced by those who are investing in the fixed-rate wholesale markets.

Imagine if you had a store that is nothing but this new ‘must-have product’ called ‘three-year fixed’. As with most supply and demand economics, the store weighs up the price versus the demand. This is a very simplistic analogy, and there are many other factors that influence the price, but it’s an appropriate e example nonetheless. Fixed-rate loans are largely funded with money raised by lenders in global financial markets, plus a retail margins, thus a margin for risk. Variable-rate on the other hand are influenced the official cash rate set by the Bank of England, plus a retail margin added by the bank.

The Bank of England cash-rate target has historically been the benchmark for sitting wholesale mortgage rates in UK. Therefore, consumer mortgage rates are generally priced at a premium over the cash rate, reflecting the borrowing rate between the Bank of England and lenders plus a risk margin for lending fund to consumers.

Recently, we have seen lenders move their variable rates outside the official BoE movements, doing do when the cost of providing funding increases. Obviously the reverse also holds true – which applies to the fixed rates as well.

Exit fees

There are many reasons investors are nervous about fixed rates and one of these is the exit fees/break cost. So how sure are these calculated?

An exit fee is a one that’s charged by lenders when you repay your loan before the expiry date. For most lenders, this fee is applicable if the loan is repaid in full either in the first, second, third or fourth year.

It can either be a flat fee charged or a percentage of original loan amount – depending on the lender.

Fixed-rate break costs

The break cost is a fee charged by lenders when you either make extra repayments on a fixed-rate loan, or repay the loan entirely before the expiry date. Most lenders allow you to repay a small amount of your fixed-rate loan, but exceeding these incures break-cost fees. The number of extra repayments that a lender allows you to repay will depend on which lender you are using. Different lenders use different names for break costs.

How lenders calculate break costs

Lenders calculate break costs by working out the difference between the wholesale rates from the time you applied for the loan to when you would be repaying it, multiplying it by the loan amount and the remaining term of the loan. There is no standard formula. Each lender should detail a formula for calculation in their fixed-rate loan contract. For example:

Break Cost=
Loan amount
X
Remaining fixed interest rate term
X
Change in wholesale rate

If interest rates have increase since the time you fixed your loan, you may not be charged a break cost fee for breaking your fixed interest rate contract because the lender would actually make money out of you breaking your contract. Despite this, however, some lenders may still charge you a fee – clarify this with your specific lender.

Generally speaking, the biggest problem with fixed-rate products is that they are not flexible. When we talk about fixed term, the usually time period may range from three years up to 10, or even 15, during which, someone’s financial position can change dramatically.

And ideal fixed rate product would be one that has the best interest rate and lets you put in or take out as much as you want, while allowing for revaluation, tops-ups and minimal break fees if you refinance. Unfortunately, like most things in life, you don’t always get what you wish for. Go for the product that

Break cost calculation example

Mr. John Smith has $500,000 loan with ‘Bank limited’, which he locked in to a five-year fixed interest rate of 7% pa. After that first two years, John requests to break his fixed-rate contract.

The wholesale rate has dropped by 2% since the time John entered into his fixed rate contract.

The break cost to john would be as follows:

Break cost=
Loan amount
X
Remaining fixed interest rate
Term x
Change in wholesale rate

Break cost=£500,000
X 3 years x 2%
Break cost= £30,000

Meets your immediate requirements (for most of us, its good interest rate for a defined term) but don’t forget to keep in mind the things that are important today may be worthless tomorrow.

Personal situations play a major role in finance strategies, and the same thinking applies to optimum length of fixing. Form a financial perspective, the main factors to consider when deciding on the optimum term length are the best interest rate and predicted movement of the variable rate over the fixed term.

In a nutshell, the optimum term largely depends on your individual situation and need for flexibility in a certain time period.

UK’s leading website with FREE resources for property investors, go to www.rhettlewis.com

A LANDMARK £1.5 million scheme to link the Nottingham Beeston Canal and the River Trent will breathe new life into the area, creating a green traffic-free route for cyclists, boaters and walkers.

Works to link the Nottingham Beeston Canal and the River Trent are due to begin on 23rd May. The 24-week programme at Meadow Lane Lock will be managed by British Waterways. The scheme is set to improve facilities at the site and will improve access to Nottingham city centre for walkers, cyclists, boaters and disabled visitors – by providing the key ‘missing link’ between the existing canal towpath and Victoria Embankment.

Planned improvements include the installation of a wider footbridge and the creation of a public rest area. As well as a river viewing platform, and an improved boater amenity building, the scheme will create more visitor moorings for boats along the River Trent. The towpath will also be resurfaced, completing the final stage of the ongoing development work which taken place over the last five years along the Nottingham Beeston Canal.

Good news for Nottingham, we need more work like this to improve our local area.

UK leading website with FREE resources for Investors, go to www.rhettlewis.com

Local Property Company wins hearts of investors in the South 

Last Saturday, Rhett Lewis Property Investments, based in Lady Bay, West Bridgford hosted a UK Property Investor Exhibition in Heathrow.  Over 1000 property investors from the UK including Scotland and Jersey attended the exhibition where they listened to the UK’s leading experts. 

Free for investors, the aim was straightforward – to bring together, in one place, the property investor and the many companies which offer exemplary service to the ‘Below Market Value’ buyer.

”It’s was a fantastic opportunity for investors to meet these leading lights of the property investment industry, and vice-versa.  We also had 25 exhibitors who provided the necessary tools for the delegates attending.  We were amazed by the feedback of the visitors” explained Rhett Lewis

The seminars were hosted by the elite of the UK’s property investor group, including Vanish Patel, Ranjan Bhattacharya, Glenn Armstrong and – of course – Rhett Lewis himself.  Moreover, this event offered the perfect opportunity to network in the investor and landlord environment and seek out those desirable and often crucial contacts.

Rhett is renowned and respected for his knowledgeable approach to property, much of which has been achieved through contact with the right people, at the right time.  He knows how difficult that can be to achieve, and that was his primary motive in not charging an entrance fee.

For more information about future events in Nottingham, go to www.rhettlewis.com or call 0115 982 7160

Nearly half of The Times 100 Rich List made their fortunes through property, making property arguably the best investment vehicle for long-term wealth and financial independence.

Now you can incorporate their secrets into your investment portfolio, by joining Rhett Lewis on his groundbreaking ‘Become a Property Billionaire’ one-day seminar which equips you with a step-by-step PPI System© to achieve financial freedom through property within the next twenty four months. The seminar will:

* Transform your attitude to property investment                                                                                                                                           * Help you boost your income by investing in property                                                                                                                                 * Equip you to maximise profits in all market conditions – stop living as a victim of the ‘Credit Crunch’                                  * Show you how to take advantage of property hotspots                                                                                                                                * Reveal the secrets of how to value a property                                                                                                                                                   * Explain how to use ‘other peoples money’ to expand your wealth                                                                                                          * How to beat the recession by buying property 30-45% below market value (BMV)                                                                       * Demonstrate how to keep buying property and never run out of cash!                                                                                                * Give you the secrets to FREE yourself from your daily grind!

Seating is strictly limited, so register your place now! For all delegates who sign up, you will receive bonuses worth £478.                                                                                                                                                                                                                                     * 2 inspirational teleconferences with NEW Investors who had no money and no property                                                          * 1 year’s FREE subscription to the Rhett Lewis Property Updates Newsletters                                                                                    * 11 hours of Videos on how to the systems and techniques that my business uses to source 2-3 motivated sellers each week                                                                                                                                                                                                                                       * How to rent your property in less than 7 days ‘special report with all 52 templates that you need to manage your tenants effectively                                                                                                                                                                                                             * The 2009 report on BOYCOTT THE RECESSION – How to use property to create financial independence.

We are aiming to create 12 new property millionaires within the next twelve months. Are you ready to become one of them? In fact, we’re so confident that you will learn enormously whether you are a new or experienced investor during this event, that we’re offering you a 90 day money back guarantee. You have 90 days to try our methods and if they do not work, just call and request your money back. No questions asked. You can even keep all the FREE bonuses without surrendering them.

There are only 120 places available at this Special 1-day Become a Property Billionaire event. Register now to confirm your place right now to avoid disappointment. Join us to get inspired and plot your financial freedom today!

To register for your tickets visit: http://wwww.rhettlewis.com/billionaire/

THE UK’S FIRST REAL PROPERTY INVESTOR EXHIBITION

Rhett Lewis Property Investments is hosting the UK’s First Real Property Investor Exhibition in London on Saturday 25^th April. Free for investors, our aim is straightforward:  to bring together, in one place, the property investor and the many companies who offer exemplary service to the ‘Below Market Value’ buyer.  It’s a fantastic opportunity for investors to meet these leading lights of the Property Investment industry, and vice-versa.

During this one-day event 1500 visitors will have the opportunity to meet 30 exhibitors and attend at least one of the 14 seminars that are scheduled throughout the day. The seminars are hosted by the elite of the UK’s property investor group, amongst whom are Vanish Patel, Ranjan Bhattacharya, Glenn Armstrong and of course Rhett Lewis himself. Moreover, this event offers the perfect opportunity to network in the investor and landlord environment and seek out those desirable and often crucial contacts.

Rhett is renowned and respected for his knowledgeable approach to property, much of which has been achieved through contact with the right people, at the right time.  He knows how difficult that can be to achieve, and that is his main motive in not charging an entrance fee.

For more information about the UK’s First Real Property Investor Exhibition call Ana on 0115 9814153 and to order tickets go to: http://www.rhettlewis.com/propertyexhibition/.

Rhett Lewis
www.rhettlewis.com