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| Read
how two maths teachers amassed a £75 million property
fortune in just ten years |
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are the problems with the UK pension industry?
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How
Did They Do it?
In 1987 they were able to raise just enough money to buy a second
property down the road from their first home. The idea being that
the rental income would cover most of the costs. Their success spiralled
upwards from this helped by both the massive increase in demand
for housing in the South East, the Channel Tunnel and the Government’s
desire to increase new housing in the area. With property values
rapidly increasing they would use equity from the previous purchase
as a deposit for the next purchase.
Later, when the housing crash and recession of the early nineties
happened, they bought two three bedroom semis – that initial
investment of £50,000 is now worth over £500,000.
As Mr Wilson was quoted “We began to feel like we were printing
money. We are very simple people but we could see properties were
rising by the minute. For every £1 we took in rent, the properties
were going up in value by £5. Judith saw young professionals
wanted new houses a stone’s throw from transport links –
so she bought them all”
How
we Can Help You
The Property Banking team can help you plan a property portfolio
to suit your needs for growth and investment.
Call one of our team on 08704 28 28 29* to discuss
drawing up a Property Plan.
*
Lines open Monday - Friday 8.00am - 10pm. Calls charged at local
rate. Calls are monitored and may be recorded for training purposes.
Operated by Asset Design Limited, authorised and regulated by the
Financial Services Authority..
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