Rental Property

Scotsman.com Property - News - Overseas workforce homes in on rental properties Please note: Either your browser does not comply with current Web Standards or it has been unable to load the stylesheet that accompanies this page. [ Accessibility statement ] [ Skip past navigation ] Websites Scotsman.com websites News Sport Business The Scotsman Scotland on Sunday Edinburgh Evening News Dating Jobs Motors Property Travel Business Finder Member Centre Web Feeds Media Pack Site Help Digital Archive 1817-1950 Photo Gallery Reader Holidays Scotsman Calendar Money Fantasy Golf Haggis Hunt Edinburgh Festivals Entertainment Heritage & Culture Leisure Weather Webcams Search | Site map Jobs | Property | Motors | Dating | Money Log in Register now - free! Member Centre Navigation menu Home For Sale For Rent News Advertise Help Clippings Saved Searches Property News Tue 13 Dec 2005 Printer friendly Send to friend Overseas workforce homes in on rental properties JOANNA VALLELY YOUNG professionals from abroad are fuelling a huge boom in the number of people looking for homes to rent in the Capital. Some landlords claim they expect to let out as many as 44 per cent more properties by the end of 2005 due to the growing number of Antipodean and Eastern European professionals coming to live in Edinburgh. And they say that the Capital's attractions are leading many of the newcomers to readily accept longer leases than before as they choose to stay in the city for longer periods or even permanently. Property experts claim the unexpectedly high demand for rented housing this year is due to the rising international popularity of Edinburgh as a place to live and work. Steven Currie of property management company DJ Alexander, attributed the high demand for rental flats to Edinburgh's vibrant atmosphere. He said: "I've lost count of the number of clients who say this city offers an atmosphere like no other in Britain, or indeed in Europe, and is driving their desire to live here. "While demand for accommodation from overseas clients is nothing new, I have never known it to be on the scale that it is today." Mr Currie said the firm was on target to let at least 1300 housing units in 2005, whereas the average for recent years was closer to 900. He described the typical tenant as a young professional in their 20s or 30s, drawn here by Edinburgh's international reputation. "It is the city, first and foremost, that has drawn them here - they have come to Edinburgh to live and work rather than come here to work and live," he said. Mr Currie said that while a typical tenant initially planned to live in the Capital for six months to a year, many then decided to stay on for longer, with some settling for good. "I know that from the number of people I meet in the course of the job who, having initially rented from us, go on to buy a home in Edinburgh," he added. He said that average rent on a two-bed property in the Capital had risen about £50 from last year to around £600 to £800 a month. Neil Thompson, property manager at Edinburgh Property Management, agreed rental properties were shifting very quickly. He said: "Things are going very quickly, which is surprising as historically this is a poor time of year." Mr Thompson said the firm had taken on 80 or 90 new rentals this year, compared to 50 or 60 last year. "I've noticed an increase in Eastern Europeans and particularly Polish people. People are less likely to balk at a contract of at least six months, which shows they do intend to stick around." Simon Fairclough, property expert at Edinburgh Solicitors Property Centre, said rented accommodation was much sought after. "There's a healthy demand for rental properties," he said. The Scottish Executive said it had received 7240 enquiries about its Fresh Talent scheme, which aims to tackle declining population by attracting people to live and work in Scotland, since the scheme went live in October 2004. Ben Carter, VisitScotland's area director for Edinburgh, said: "Edinburgh is consistently voted one of the top European destinations. It has so many unique attractions for people visiting on a short holiday, as well as those who want to extend their stay. "Edinburgh is highlighted in many of VisitScotland's international marketing campaigns, including a new £1 million European city break campaign. We also work with the Scottish Executive on their Fresh Talent initiative through joint promotions, such as our presence at New York's Tartan Week last year." 1500 families in the Lothians are homeless NEARLY 1500 families with children in Edinburgh and the Lothians were assessed as homeless last year. New figures show that, in the Capital alone, 875 families - 1.89 per cent of all households with children in the city - were homeless, 26 more than the year before. Across Scotland, the number of homeless families rose to 9395, representing nearly 16,000 children. The figures were condemned by SNP deputy health spokesman Stewart Maxwell, who claimed the Scottish Executive was failing in its pledge to end homelessness. He said: "These figures confirm what many of us feared. Instead of seeing the decline and eradication of homelessness in Scotland, we are seeing a year-on-year rise. "The reality for many thousands of children across Scotland this year is that they will have a homeless Christmas, rather than a happy Christmas." The figures show a total of 1491 families with children assessed as homeless in Edinburgh and the Lothians, up from 1471 the previous year. In East Lothian, the number was up from 133 to 137; in Midlothian, the increase was from 137 to 173; while in West Lothian, there was a fall - from 352 to 306. The number of children affected fell slightly in Edinburgh, from 1460 to 1421. But it rose in East Lothian from 202 to 221; and in Midlothian from 223 to 283; while in West Lothian, it fell dramatically from 626 to 525. This article: http://property.scotsman.com/news.cfm?id=2399612005 Last updated: 13-Dec-05 12:05 GMT Delivery formats for "News" [more info] RSS feed Add to my email News: page 2 House prices on the rise again, for the first time in 15 months One in ten capital residents 'can't afford the home they live in' 400 homes set for former mental home site Sellers' market for Scotland's estates What will the Executive do after Edinburgh's housing No vote? Landlord fined over fire safety Prize for all the family A canal runs through it Use a little holly to get the lolly Going, going ... ... almost gone Invite all the relatives - somewhere else Norcool Cool Giant Eco-friendly guidelines to develop city green houses Overseas workforce homes in on rental properties Lanarkshire town focus of £69m double deal Alba lettings go through roof as property rents surge Page 2 of 5 ©2005 Scotsman.com | contact

Buy Home

How to Buy a Home and Other Real Estate - Home Buying Advice  You are here: About > Home & Garden > Home Buying / Selling > How To Buy a Home Home & Garden Home Buying / Selling Essentials 10 Things Home Buyers Shouldn't Do Best Tips for First Time Home Buyers "Must-Do" Tasks Before You Sell How to Buy a Home, Step by Step For Sale by Owner Advice Articles & Resources How To Buy a Home How To Sell a House Celebrity & Historic Credit Reports & Scores Design & Remodel Home Maintenance Inspections & Appraisals Investing & Foreclosures Modular & Manufactured Mold, Radon, Lead, etc. Mortgage Advice Moving & Relocation Real Estate Careers Real Estate For Sale Vacation Homes Buyer's Guide Before You Buy Top Picks Home Buying Books Foreclosure Books Mortgage Books Product Reviews Forums Help FREE Newsletter Sign Up Now for the Home Buying / Selling newsletter! See Online Courses   Search Home Buying / Selling > How To Buy a Home How To Buy a Home and Other Real Estate Find the answers to your questions about buying a home or other real estate. The home buying tools here help you understand all of the steps you must take to have a successful and stress-free home buying experience. Subtopics Blogs (3) Home Seller Disclosures (4) Boundary Surveys (3) Mortgage Info and Advice @ Condo, Townhouses, Co-ops (8) Offers and Contracts (7) Easement & Right of Way (4) Real Estate Auctions (1) eCourses (3) Real Estate Deeds (2) Eminent Domain (5) Real Estate Glossary (57) Escrow and Closing (9) Title Insurance (5) First Time Home Buyers (2) Working with Agents (9) Home Buying Book Reviews (2) Articles & Resources Sort By : Guide Picks | Alphabetical | Recent 10 Things You Shouldn't Do When You're Buying a Home You might be pre-approved for a home mortgage, but that doesn't mean buying a home is a sure thing. Here are ten things you shouldn't do before the keys are in your hand. 11 Steps to Buying a Home You'll feel more confident about your home buying journey when you understand what is required of you and every other person who is involved in the transaction. Use this step by step home buying guide to get started. Buying a Home with Good Resale Potential Most of us won't live in the same house for the rest of our lives, so it makes sense to at least try to buy a home with good resale potential. Here's some advice to help you do just that. Coping with Buyer Remorse Are you suddenly feeling queasy about the house you just agreed to purchase? You might have a case of buyer remorse, a condition that sometimes occurs between the time your home buying contract is accepted until you actually go to the closing table. Here's some advice to help you determine if your concerns are valid or a simple case of nervousness. Dealing with Unethical and Incompetent People Are you uneasy about some of the events that are taking place during your home buying transaction? Is your real estate agent, attorney or other person involved less than helpful--or worse, unethical? Then it's time for you to take charge of the transaction and do what's necessary to make sure your interests are protected. Staying Secure if the Real Estate Bubble Bursts I'm sure you've heard talk about the real estate bubble, a condition that occurs when real estate values balloon very rapidly, then burst, driving prices downwards. You can help protect yourself from a bursting bubble by following a few basic guidelines. Taking Your Final Walk-Through When you're buying a home, it's essential to do a final walk-through inspection prior to closing. Learn the best times for you to take your walk through and find out what you should be on the lookout for. Working With a For Sale By Owner Seller Advice to help you work effectively with a for sale by owner seller. These tips help you avoid problems at or before closing.        Topic Index | Email to a Friend Our Story | Be a Guide | Advertising Info | Work at About | Site Map | Icons | Help User Agreement | Ethics Policy | Patent Info. | Privacy Policy | Kids' Privacy Policy ©2005 About, Inc., A part of the New York Times Company . All rights reserved. Around About Oprah's Life Vacation Ideas Shop Safely Online VIDEO: Craft Rooms VIDEO: Christmas Traditions What's Hot Coping with Unethical People How To Buy Land Real Estate Appraisal Before You Buy a Log Home Package Home Buying / Selling - GuideReviews Headlines Getting Ready to Sell Your House Guests and lots of activities make it difficult to show... Before You Buy Gas Logs Gas logs are growing in popularity every year, so manufacturers... Pros and Cons of Becoming a Real Estate Agent You've decided you want to become a real estate agent,... Step-by-Step Directions Help You Measure Square Footage Each year, home owners discover that their new home's square...

Home Equity Fraud How

Don’t Lose Your Home. Home Equity Fraud Home Equity Fraud Consumers Union West Coast Regional Office Don’t Lose Your Home. Home Equity Fraud How To Protect Yourself From Home Equity Lending Fraud DO Get free pre-loan counseling before you sign on the dotted line. Shop around for the best home equity loan for your financial situation. Read every word on any loan document before you sign. Avoid loans with one large "balloon payment" at the end. Protect your friends and neighbors by reporting home equity fraud immediately. DON’T Don’t fall for a loan from a door-to-door salesman or home improvement contractor who comes to your home. Don’t decide whether you can afford a loan by the monthly payments alone. Don’t sign anything that has blank spaces. Don’t take out a loan on your property for anyone else unless you can afford to lose that money forever. What Is Home Equity Fraud? Sometimes, taking out a loan against your home’s equity can be a good idea. Home equity borrowing should not be a problem as long as the loan is a fair one and you have the ability to repay the loan. Home equity lending fraud is different: Lenders seek you out and trick you into taking out a loan against your home which you cannot afford to repay. Most times, these loans have very high interest rates and steep fees. When you fall behind on your payments, the lender can take your home and all your equity through a legal process called foreclosure. The lender then owns your home. Once the damage is done, it is very hard to undo. Most people never get their homes back again. Why Should I Care? Nationally, home repair and home equity fraud have stripped the value from the homes of an estimated 100,000 people in 29 states. In the entire country, the San Francisco Bay Area is one of the areas hardest hit by home equity fraud. Real people, many of them senior citizens, have lost ownership of their homes and all their equity, with no hope of ever getting any of it back. Anyone with equity in a home is a potential target. You could be next. Your home equity is just like money. Protect it! If you are a homeowner or know someone who is, you should learn about home equity lending fraud. Knowing what to look for and how to protect yourself can keep you or a loved one from losing a home. Here’s How To Protect Yourself From The Most Common Types Of Home Equity Fraud: Don’t take out a loan from an uninvited door-to-door contractor who appears at your home. Instead: Many local government agencies have special programs to make it easy to repair housing. See if you qualify for one of these programs available in your area. See the Home Improvement Resource List, a separate Consumers Union publication. Find your own contractor; don’t wait for one to come to you. Shop for your own financing. You’ll probably get a better deal. Steer clear of door-to-door salespersons who want to fix your home after a disaster such as an earthquake or flood. Instead: Call the Federal Emergency Management Agency (FEMA) at 1(800)462-9029 for information about repairing and financing repairs to your home after a disaster. If you are in foreclosure because you couldn’t pay your mortgage, someone you never heard of will offer you a new loan. Watch out. Instead: Think about selling your home and keeping your equity rather than taking out another loan. See a credit counselor to talk about all of your alternatives. Don’t put your other debts "on the house" through a bill consolidation plan. When you consolidate credit card debt or your car loan, for example, into a home equity loan, you put your home on the line for that debt. Once you put that debt "on your house," you can lose your home if you don’t make those payments. Instead: Talk to a credit counselor. You can get help to work with your creditors to make payments more manageable, possibly without putting debt "on your house." Look Out For These Danger Signs "No Credit? No Job? No Problem!" "Don’t worry, you have plenty of equity in your home to qualify for a loan." Walk away from anyone who says any of these things to you. You may be dealing with someone who will treat you unfairly. They don’t care if you can pay the loan. They know they can legally take your house through foreclosure if you don’t pay. In their eyes, the one thing that "qualifies" you for a loan is your inability to pay it. Before you borrow against your home, ask yourself these two questions: Can I afford this loan? Just because a lender says you "qualify" doesn’t mean you are getting an affordable or fair loan. If you cannot afford the loan, you will lose your home. What will I do if I lose my home? Most people have nowhere to go after they lose their homes. Remember that it is easier to learn how to protect your home now than it is to pick up the pieces after it’s gone. Take advantage of free, local loan counseling. See the Resources section at the end of this pamphlet. Don’t Let Anyone Steal Your Home! Here’s How: DO Get the "big picture" on a loan. Look at more than the monthly payments. Make sure that a loan’s interest rate and fees are competitive and fair. Shop around with different lenders to compare. Hang-up on unsolicited telephone callers. Toss-out mailers you receive from companies offering to arrange a home loan for you. Steer clear of high-pressure sales tactics, such as claims that an offer is good only for a limited time. Seek help from a trusted family member or friend who understands financial matters and can help you get free loan counseling. Avoid loans that are set up as "interest only, non-amortizing or partially amortizing loans." With this type of loan, you still owe the money you borrowed after you make all the payments. You must make one large, final payment, known as a balloon payment. If you can’t make this payment, you may lose your home through foreclosure. You should avoid these loans at all cost. Beware of lenders or contractors who try to trick you into signing away your home. Make sure that a "Contract for Home Improvement Services" is only that. Don’t give your house away by signing a "Deed of Trust" or a "Quitclaim Deed." Think twice about taking out a loan against your home to give money to anyone,even a friend or family member. Consider such a request only if you can afford lose that money forever. Otherwise, you may lose your house if the other person doesn’t repay you in time. Act fast if you were pressured into signing for a loan you didn’t really want or cannot afford. Federal law gives you three days to get out of a loan contract whenever your home is used as security for a home equity loan. You may cancel the loan for any reason, but only if you do it in writing within 3 days. This is known as the right of rescission. Contact an attorney immediately if you have any questions about whether your lender violated the law. DON’T Don’t sign anything related to a home loan without first obtaining independent, free advice from a nonprofit counseling agency. Check the Resources list below. Don’t take the first loan offer that lands in your lap. Shop around! Some lenders charge more than others do. Don’t trust door-to-door loan sellers. If you really need or want a home loan, you should make the first contact and carefully investigate all the possibilities before considering a loan. Don’t take out a loan that is made solely on the value of your home, not on your ability to repay it. Your home equity alone does not give you the income you need to make the monthly payments. Don’t borrow more money than you need. The bigger the loan, the more stake your lender will have in your home equity. Don’t sign a form with incorrect information about yourself on it. Don’t sign anything to do with your home that contains blank spaces. Once your signature is on a form, anyone can fill in those blank spaces with obligations that may be very different than the ones you have agreed to. Don’t sign any forms written in a language you do not understand. You may be signing away your home without even realizing it! It’s okay to say "I don’t understand and I will not sign this." Remember: if the offer is good today, it should be good tomorrow If it sounds too good to be true, it probably is. Resources Before you take out a home equity loan, get pre-loan counseling for free: San Francisco Bar Association of San Francisco Equity Fraud Hotline and lawyer referral (415) 782-8903 Consumer Credit Counseling Service (415) 788-0288 or (800) 777-7526 Consumer Action (415) 777-9635 Alameda County ECHO Housing (510) 271-7931 Contra Costa County ECHO Housing (925) 679-8023 San Mateo County Consumer Credit Counseling Service (800) 200-6444 Legal Aid Society of San Mateo (650) 377-0158 East Palo Alto Law Collective (650) 853-1600 Santa Clara County Consumer Credit Counseling Service (800) 969-7526 If you feel you are the victim of home equity lending fraud, call one of the local agencies above. Then call the National Fraud Information Center. File a written complaint against the lender with the appropriate local law enforcement and state regulatory agencies. National Fraud Information Center (800) 876-7060 Fraud reports from consumers are sent within minutes to the appropriate law enforcement agency. Law Enforcement: San Francisco Office of the District Attorney: (415) 553-1814 Alameda County Office of the District Attorney: (510) 569-9281 Contra Costa County Office of the District Attorney: (925) 646-4500 San Mateo County Office of the District Attorney: (650) 363-4677 Santa Clara County Office of the District Attorney, Real Estate Fraud Division (408) 792-2880 State Regulatory Agencies: Call each agency to see if the lender you are complaining about is licensed by that agency. Sometimes lenders are licensed by both agencies. California Department of Real Estate 185 Berry Street, Room 3400 San Francisco, CA 94107 (415) 904-5925 California Department of Corporations 3700 Wilshire Blvd., Suite 600 Los Angeles, CA 90010 (800) 347-6995 (toll free) [ Health ] [ Finance ] [ Food ] [ Product ] [ Other ] [ About CU ] [ News ] [ Tips ] [ Home ] Please contact us at: http://www.consunion.org/contact.htm All information ©1998 Consumers Union

Buy Property

Buying property in Spain Buying property in Spain Introduction to Spanish property market. News, advice, real experiences, buying to let in Spain, mortgages, special offers. Thursday, December 15, 2005 Valencia Land Law debated in the European Parliament This week the European Parliament debated and voted on the recommendations of the Fourtou Report on the controversial Ley Reguladora de la Actividad Urbanistica (LRAU). The law, known by those who protest against its consequences as the Valencia land grab law was originally designed to make sure that areas under development had sufficient infrastructure (roads, street lighting, green belt areas etc.). That was the the theory. However in practice the law has meant that property developers are able to apply to build on land already belonging to other owners where building is not permitted. When their application is approved (as it often is), the land is reclassified by the authorities, and the developers are then allowed to pay exisiting owners prices far below the real market value and build a road, a path or even part of a golf course, sometimes right through the middle of the former owner's back garden. Most of the people affected by this law are Europeans who have seen their dreams of a perfect Spanish home in the sun shattered by ruthless developers. More than 15,000 people have made a formal protest asking the European Parliament to intervene, and the protest group set up to fight the LRAU, Abusos Urbanísticos No , has been active in attracting national, international, political and media attention to a growing problem and demanding a solution. And recently British law firm Irwin Mitchell decided to register land law victims with the European Human Rights Court . Valencia's regional government promised in 2003 to revise and reform the LRAU, but seems in no rush to do so. A pre-project was presented to the Valencian parliament in June this year, but nothing has yet come of it. While the government insists that its intention is to change the law and protect the interests, and land, of property owners, opposition and protest groups allege that it is prevented from doing so from the interest of many of its members in the property development underway in the region. Ever since local and foreign property owners started their active protest, the Government has come under increased pressure to do something. In the Summer a delegation of Euro-MPs visited the Costa Blanca and met with foreign residents, local politicians and property developers to discuss the problem. In November the European Parliament advised the Valencian authorities to modify urban development legislation in the region. And finally this week on 12th December the European Parliament discussed the Fourtou Report and endorsed its contents in a vote on the 13th by a massive majority of 550 in favour, 45 against and 25 abstentions. The Report calls on the European Parliament to urge a moratorium on the approval of new property developments on land where development is not permitted. Any body considering buying property with land in the Valencian Region is advised to seek legal advice from a lawyer who can help with the necessary investigation to ensure that the land attached to the property is not in danger of being subject to eventual seizure by property developers. Related: EU homeowners and ambassadors challenge Valencian land laws European Parliament delegation visit Valencia to challenge Land Laws Valencian landlaws "unconstitutional" Advice from the British Embassy to people purchasing land in Valencia posted by Euroresidentes @ 9:15:00 AM 0 comments Wednesday, November 30, 2005 Home loans in Spain According to figures released by Spain's National Statistics Institute yesterday, the average amount of morgage loans authorised by Spanish banks rose by 18.1 percent in August (compared to the same month in 2005) and reached 146,762€. The overall value of bank home loans rose by 32.1 percent. In August a total of 131,180 mortgages were authorised to customers buying rural and urban properties in Spain and the overall value of these mortgages rose to 19,252 million euros. As usual Spain's savings banks got the biggest share of the home loan market - 53.42 percent - followed by normal banks (36.88 percent) and other lending companies (9.7 percent). Over ninety percent of mortgage loans corresponded to purchases of properties in the so-called " precio libre " (free price) category and just 9.9 percent to purchases of "protected" properties whose selling price is controlled by the government. As far as yearly figures are concerned, the number of mortgaged properties in Spain has so far risen by 9.82 percent this year, while the total amount of loans has shot up by 24.87. Related: Mortgages in Spain Mortages for non-residents in Spain Ranking of Spanish banks Spanish banks Home improvement loans in Spain posted by Euroresidentes @ 9:34:00 AM 0 comments Monday, November 07, 2005 British property buyers prefer Spain According to a study just published by Barclays Bank, the number of UK residents buying property abroad is set to double, and a third of potential property buyers named Spain as their preferred overseas destination. According to the results of Barclay's study, five percent of UK residents (2.2 million people) already own a property overseas, and another 2 million definitely intend to buy one. And a very high 37 percent of those surveyed for the study said they are considering the possibility of buying a property abroad at some time in the future. Spain remains the firm favourite among British overseas property buyers, with the US coming second and France third. Not surprisingly, the main things putting UK citizens off the idea of buying property abroad are legal and tax complications, the possibility of being misled or deceived by local property sellers, and the difficulty of adapting to a new language and culture. Related: Reasons for living in Spain Property taxes in Spain Spanish lawyers Advice on buying a house in Spain posted by Euroresidentes @ 1:07:00 PM 1 comments Sunday, October 23, 2005 Lessons from one unhappy experience of buying a house in Spain It is an unfortunate fact that the legal system in Spain is at times desperately slow. Anyone considering buying a house in Spain is advised to find a good Spanish lawyer before signing anything at all and before parting with any money. David Wright has just started a new blog to share his unfortunate experience of buying property in Spain with other people. See the first entry below. Users interested in following his story as the final part unravels (and as, we hope, justice is finally done and the Wrights win the home and compensation they deserve) should check out his blog: Slow legal system where he intends to keep people updated with events as and when they happen. Considering tourism and housing investment bring considerable amounts of wealth to Spain, the Spanish law system is appalling slow and expensive. At the begginning of 2000 we enetred into a contract to buy a house, paid the 10% deposit and arranged a date with the notary and respective lawyers to complete. The seeler did not turn up and decided not to sell. THE BIG SURPRISE... he also would not repay the 10 % deposit never mind the penalty of 10%. Our only alternative was litigation. As we were not living in Spain at the time we left a deposit with a lawyer who told us that it would be a straightforward case. Well our case was finally heard in the local courts some 18 months later and we "won" including costs. However, the seller chose to appeal on what I understand to be very flimsy grounds. Some 2 years later the case was reheard in the Regional courts of Malaga where the original decision was upheald. ie we "won" again. However, the seller again decided with his lawyer that an appeal was in order and so we have been waiting almost 2 years for the case to come before a judge in MAdrid's high court!!! We still do not have a date nor can the system give us an estimated date as to when the case will be heard.!!! WHAT CAN fellow EURORESIDENTES learn from this? I believe the following: 1: Entering litigation is very expensive - even though we have "won" twice, we have still had to pay our lawyers fees and costs even though the costs were awarded in our favour. The amount equates roughly to 17% of the purchase/contract price!!!! per hearing. At this point we have paid almost 50% of the orginal house contract price, (deposit plus fees) 2: The seller continues to live in the property and with no penalty or change. 3: We have no idea of timescale as to when the High court can hold the hearing. 4: The so called filtering process that was supposed to be implemented to stop people using the appeal process to delay matters as a tactic does not function. 5: The seller is not obliged to pay the costs awarded against them IF they choose to appeal....SO APPEALING is a good tactic to frustrate. 6: So having a contract from a good lawyer and within the letter of the law, still does not really protect your rights in a timely manner. WHAT then is the point of a contract? it is only worth something to the lawyers in preperation for litigation!!! 7: Perhaps the law will one day help us to retrieve our deposit and costs or even the holiday home we wanted to live in and enjoy in the future. However in the meantime, it has only benefited the lawyers and the vendor. 8: So the law can still be seen as having no "teeth" and benefits the unscrupulous property owner/seller. TAKE GREAT CARE. Finally, if anyone has any suggestions as to what can be done to improve the law or indeed speed up the process then let me know posted by Euroresidentes @ 10:08:00 AM 0 comments Saturday, October 22, 2005 Lowest rise in house prices in Spain since 2002 According to the General Director of Arquitecture and Housing Policy, Rafael Pacheco, the rise in the cost property has risen just 13.4 percent in the last 12 months. This represents the lowest rise for 3 years and, according to Pacheco, is the first clear result of the Spanish government's housing policies. The General Director also indicated the regions in which house prices have risen most. These are Castilla La Mancha (19.8 percent), Aragon (16.4 percent) and the Valencian Region (16.3 percent). In Andalucía, traditionally one of the most popular destination for non-resident house buyers, the rise in house prices at 13.7 percent is only just above the national average. The most expensive region as far as the cost of housing is concerned is Madrid (2,719 euros per sq. metre), followed by the Basque Country (2,537 euros), Catalonia (2,037 euros) and the Balearic Islands (2,003 euros). The cheapest regions are Extremadura (864.2 euros per sq. metre), Castilla La Mancha (1,255 euros) and Leon (1,297 euros). Related Revaluation of property in Spain per region Investing in property in Spain Houses for sale in Spain posted by Euroresidentes @ 10:29:00 AM 0 comments Thursday, October 20, 2005 Spanish-English real estate dictionary Because of the amount of enquiries we receive from non-Spanish speaking property buyers in Spain about Spanish real estate terms and how the system here works, we are compiling an extensive Spanish-English glossary of real estate terms . Having completed the glossary, we are now working on full definitions of each term, so that our users can get an idea of how the Spanish property market differs from the property market in the UK. In this sense we want to go beyond a simple bilingual list of property terms. Send us any words not included. We hope to finish all the definitions in the next few days. Click on each term to get the full definition. posted by Euroresidentes @ 12:07:00 PM 0 comments Wednesday, October 05, 2005 Real estate market in Spain, latest statistics According to a study carried out by the Pompeu Fabre University (Barcelona) and Tecnocasa, the housing market in Spain has started slowing down and a halt in the massive price increase experienced over the past fews could be near. The authors have based their opinions and conclusions on the analysis of the sale of over 12,000 second-hand houses and flats and details of mortgages granted to buyers from the first semester of 2004 up to June this year. According to the report, lived-in property (as opposed to brand new) now takes an average of 83 days to sell, which is 15 days longer than a year ago. Another finding of the report is that property sellers this year are more likely to be prepared to negotiate the price than they were last year, and that on average buyers are able to secure a 5 percent reduction in the original asking price. During the presentation of the report yesterday, executives of Tecnocasa said that this should not be interpreted as an indication that the price of housing in Spain was at last starting to come down, since the reduction was usually agreed on property that was overhoused in the first place. However, in their opinion, the findings of the report do suggest that the conditions necessary for an eventual slowing down in the Spanish real estate market at some time in the near future are starting to appear. Other findings of the report: 30 percent of house-buyers in Spain are foreign. 72 percent of all house-buyers come from Spain or another EU country. The rest are non-European, mostly people from South America, Eastern European countries and North Africa who have settled in Spain Over 49 percent of second-hand house buyers are between 25 and 35 years old, and 61 percent buy the property together with another person The average mortgage in Spain in June was 154.890 euros, a rise of 18.80 percent with respect to the same month last year In over 60 percent of all cases, the mortgate loan covers between 75 and 100 percent the total value of the property Small flats are proportionally more expensive than larger flats and houses The average price of lived in property in Spain per sq. metre is 3,000 euros in the most expensive areas of Spain (Madrid, Barcelona and Vizcaya). dropping to just 1,500 euros per sq. metre in the provinces of Alicante, Cadiz, Seville and Valencia The most expensive cities in Spain in terms of housing prices are (in order) Barcelona, Madrid, Bilbao and L'Hospitalet de Llobregat (3.070 euros). Related links: Mortages in Spain Mortgages for non-residents in Spain The price of housing in Spain Investing in property in Spain posted by Euroresidentes @ 9:38:00 AM 0 comments About Me Name: Euroresidentes Location: Spain View my complete profile Previous Posts Valencia Land Law debated in the European Parliament Home loans in Spain British property buyers prefer Spain Lessons from one unhappy experience of buying a house in Spain Lowest rise in house prices in Spain since 2002 Spanish-English real estate dictionary Real estate market in Spain, latest statistics High-quality Spanish houses to be marketed in the UK New state property rental agency ready for business in Spain Costa del Sol property market may have reached peak Links Feedback Property market in Spain Reasons for living in Spain Properties for sale in Spain Properties for rent in Spain Hotels in Spain Restaurants in Spain Paradors in Spain Spanish recipies Spanish classical music Spanish courses in Spain Euroresidentes Spain Web Euroresidentes Archives

Home Mortgage Loan The

Home Mortgage Loan - Forbes.com - Home Loan Mortgage Company U.S. | EUROPE | ASIA Jump Select Section Home Investment Newsletters Polls & Discussions Premium Tools Special Reports Video & Audio Watchlist IT Research Library IT Product & Service Search Business -Manufacturing -Technology -Commerce -Services -Energy -Healthcare -Small Business Technology -E-Business -Enterprise Tech -Infoimaging -Personal Tech -Science & Medicine -Wireless Markets -Equities -Economy -Commodities -Bonds -Emerging Markets -Currencies Work -Careers -Compensation -Entrepreneurs -Management Lists -Companies --Forbes 500s --Forbes Global 500 --200 Best Small Cos. --400 Best Big Cos. --Largest Private Cos. -People --World's Richest People --100 Top Celebrities --400 Richest Americans --Best Paid CEOs -Places --Best Places Personal Finance -Estate Planning -Funds -Philanthropy -Retirement -Strategies -Taxes Lifestyle -Collecting -Health -Real Estate -Sport -Travel -Vehicles -Wine & Food Columnists Magazines -Forbes Magazine -Forbes Global -Forbes FYI -Forbes ASAP -Best of the Web -Archives -Subscriptions Tools About Us Contact Us Help Reprints/Permissions Sitemap Advertising Conferences Forbes Collection Forbes Mobile Special Advertising Search Quote HOME PAGE FOR THE WORLD'S BUSINESS LEADERS Home Special Advertising Section Tell Us About Your Loan Needs What Type of Loan do You Need? * Refinance Purchase Home Debt Consolidation Home Equity Estimated Home Value * $ Select One 75,000 - 80,000 80,001 - 85,000 85,001 - 90,000 90,001 - 95,000 95,001 - 100,000 100,001 - 105,000 105,001 - 110,000 110,001 - 115,000 115,001 - 120,000 120,001 - 125,000 125,001 - 130,000 130,001 - 135,000 135,001 - 140,000 140,001 - 145,000 145,001 - 150,000 150,001 - 155,000 155,001 - 160,000 160,001 - 165,000 165,001 - 170,000 170,001 - 175,000 175,001 - 180,000 180,001 - 185,000 185,001 - 190,000 190,001 - 195,000 195,001 - 200,000 200,001 - 210,000 210,001 - 220,000 220,001 - 230,000 230,001 - 240,000 240,001 - 250,000 250,001 - 260,000 260,001 - 270,000 270,001 - 280,000 280,001 - 290,000 290,001 - 300,000 300,001 - 310,000 310,001 - 320,000 320,001 - 330,000 330,001 - 340,000 340,001 - 350,000 350,001 - 360,000 360,001 - 370,000 370,001 - 380,000 380,001 - 390,000 390,001 - 400,000 400,001 - 420,000 420,001 - 440,000 440,001 - 460,000 460,001 - 480,000 480,001 - 500,000 500,001 - 520,000 520,001 - 540,000 540,001 - 560,000 560,001 - 580,000 580,001 - 600,000 600,001 - 620,000 620,001 - 640,000 640,001 - 660,000 660,001 - 680,000 680,001 - 700,000 700,001 - 720,000 720,001 - 740,000 740,001 - 760,000 760,001 - 780,000 780,001 - 800,000 800,001 - 820,000 820,001 - 840,000 840,001 - 860,000 860,001 - 880,000 880,001 - 900,000 900,001 - 920,000 920,001 - 940,000 940,001 - 960,000 960,001 - 980,000 980,001 - 1,000,000 1,000,000+ 1,500,000+ 2,000,000+ Where is the property located? * Select One Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District of Columbia Florida Georgia Hawaii Iowa Idaho Illinois Indiana Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Missouri Mississippi Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming Home Description * Single Family Multi Family Town House Condo Tell Us About Your Current Loan Your Mortgage Balance * $ Select One 0 1 - 5,000 5,001 - 10,000 10,001 - 15,000 15,001 - 20,000 20,001 - 25,000 25,001 - 30,000 30,001 - 35,000 35,001 - 40,000 40,001 - 45,000 45,001 - 50,000 50,001 - 55,000 55,001 - 60,000 60,001 - 65,000 65,001 - 70,000 70,001 - 75,000 75,001 - 80,000 80,001 - 85,000 85,001 - 90,000 90,001 - 95,000 95,001 - 100,000 100,001 - 105,000 105,001 - 110,000 110,001 - 115,000 115,001 - 120,000 120,001 - 125,000 125,001 - 130,000 130,001 - 135,000 135,001 - 140,000 140,001 - 145,000 145,001 - 150,000 150,001 - 155,000 155,001 - 160,000 160,001 - 165,000 165,001 - 170,000 170,001 - 175,000 175,001 - 180,000 180,001 - 185,000 185,001 - 190,000 190,001 - 195,000 195,001 - 200,000 200,001 - 210,000 210,001 - 220,000 220,001 - 230,000 230,001 - 240,000 240,001 - 250,000 250,001 - 260,000 260,001 - 270,000 270,001 - 280,000 280,001 - 290,000 290,001 - 300,000 300,001 - 310,000 310,001 - 320,000 320,001 - 330,000 330,001 - 340,000 340,001 - 350,000 350,001 - 360,000 360,001 - 370,000 370,001 - 380,000 380,001 - 390,000 390,001 - 400,000 400,001 - 420,000 420,001 - 440,000 440,001 - 460,000 460,001 - 480,000 480,001 - 500,000 500,001 - 520,000 520,001 - 540,000 540,001 - 560,000 560,001 - 580,000 580,001 - 600,000 600,001 - 620,000 620,001 - 640,000 640,001 - 660,000 660,001 - 680,000 680,001 - 700,000 700,001 - 720,000 720,001 - 740,000 740,001 - 760,000 760,001 - 780,000 780,001 - 800,000 800,001 - 820,000 820,001 - 840,000 840,001 - 860,000 860,001 - 880,000 880,001 - 900,000 900,001 - 920,000 920,001 - 940,000 940,001 - 960,000 960,001 - 980,000 980,001 - 1,000,000 1,000,000+ 1,500,000+ 2,000,000+ Current Interest Rate * Select 3.00 3.25 3.50 3.75 4.00 4.25 4.50 4.75 5.00 5.25 5.50 5.75 6.00 6.25 6.50 6.75 7.00 7.25 7.50 7.75 8.00 8.25 8.50 8.75 9.00 9.25 9.50 9.75 10.00 10.25 10.50 10.75 11+ % Existing Rate Type * Fixed Adjustable Fixed/Adj Do You Have a Second Mortgage Balance? None 5,001 - 10,000 10,001 - 15,000 15,001 - 20,000 20,001 - 25,000 25,001 - 30,000 30,001 - 35,000 35,001 - 40,000 40,001 - 45,000 45,001 - 50,000 50,001 - 55,000 55,001 - 60,000 60,001 - 65,000 65,001 - 70,000 70,001 - 75,000 75,001 - 80,000 80,001 - 85,000 85,001 - 90,000 90,001 - 95,000 95,001 - 100,000 100,001 - 105,000 105,001 - 110,000 110,001 - 115,000 115,001 - 120,000 120,001 - 125,000 125,001 - 130,000 130,001 - 135,000 135,001 - 140,000 140,001 - 145,000 145,001 - 150,000 150,001 - 155,000 155,001 - 160,000 160,001 - 165,000 165,001 - 170,000 170,001 - 175,000 175,001 - 180,000 180,001 - 185,000 185,001 - 190,000 190,001 - 195,000 195,001 - 200,000 200,001 - 210,000 210,001 - 220,000 220,001 - 230,000 230,001 - 240,000 240,001 - 250,000 250,001 - 260,000 260,001 - 270,000 270,001 - 280,000 280,001 - 290,000 290,001 - 300,000 300,001 - 310,000 310,001 - 320,000 320,001 - 330,000 330,001 - 340,000 340,001 - 350,000 350,001 - 360,000 360,001 - 370,000 370,001 - 380,000 380,001 - 390,000 390,001 - 400,000 400,001 - 420,000 420,001 - 440,000 440,001 - 460,000 460,001 - 480,000 480,001 - 500,000 500,001 - 520,000 520,001 - 540,000 540,001 - 560,000 560,001 - 580,000 580,001 - 600,000 600,001 - 620,000 620,001 - 640,000 640,001 - 660,000 660,001 - 680,000 680,001 - 700,000 700,001 - 720,000 720,001 - 740,000 740,001 - 760,000 760,001 - 780,000 780,001 - 800,000 800,001 - 820,000 820,001 - 840,000 840,001 - 860,000 860,001 - 880,000 880,001 - 900,000 900,001 - 920,000 920,001 - 940,000 940,001 - 960,000 960,001 - 980,000 980,001 - 1,000,000 1,000,000+ 1,500,000+ 2,000,000+ How Much Additional Cash do You Wish to Borrow? $ Tell Us About Your Home Purchase Is there a Specific Home You Want to Buy? * Yes No Purpose of Property * Primary Secondary Investment Vacation How Much do You Want to Put Down? * Select One 0 1 - 5,000 5,001 - 10,000 10,001 - 15,000 15,001 - 20,000 20,001 - 25,000 25,001 - 30,000 30,001 - 35,000 35,001 - 40,000 40,001 - 45,000 45,001 - 50,000 50,001 - 55,000 55,001 - 60,000 60,001 - 65,000 65,001 - 70,000 70,001 - 75,000 75,001 - 80,000 80,001 - 85,000 85,001 - 90,000 90,001 - 95,000 95,001 - 100,000 100,001 - 105,000 105,001 - 110,000 110,001 - 115,000 115,001 - 120,000 120,001 - 125,000 125,001 - 130,000 130,001 - 135,000 135,001 - 140,000 140,001 - 145,000 145,001 - 150,000 150,001 - 155,000 155,001 - 160,000 160,001 - 165,000 165,001 - 170,000 170,001 - 175,000 175,001 - 180,000 180,001 - 185,000 185,001 - 190,000 190,001 - 195,000 195,001 - 200,000 200,001 - 210,000 210,001 - 220,000 220,001 - 230,000 230,001 - 240,000 240,001 - 250,000 250,001 - 260,000 260,001 - 270,000 270,001 - 280,000 280,001 - 290,000 290,001 - 300,000 300,001 - 310,000 310,001 - 320,000 320,001 - 330,000 330,001 - 340,000 340,001 - 350,000 350,001 - 360,000 360,001 - 370,000 370,001 - 380,000 380,001 - 390,000 390,001 - 400,000 400,001 - 420,000 420,001 - 440,000 440,001 - 460,000 460,001 - 480,000 480,001 - 500,000 500,001 - 520,000 520,001 - 540,000 540,001 - 560,000 560,001 - 580,000 580,001 - 600,000 600,001 - 620,000 620,001 - 640,000 640,001 - 660,000 660,001 - 680,000 680,001 - 700,000 700,001 - 720,000 720,001 - 740,000 740,001 - 760,000 760,001 - 780,000 780,001 - 800,000 800,001 - 820,000 820,001 - 840,000 840,001 - 860,000 860,001 - 880,000 880,001 - 900,000 900,001 - 920,000 920,001 - 940,000 940,001 - 960,000 960,001 - 980,000 980,001 - 1,000,000 Over 1,000,000 Are you Looking for a Fixed or an Adjustable Loan? * Fixed Adjustable Fixed/Adj Tell Us About Yourself Select Your Credit Profile * Excellent Good Fair Poor Annual Income $ What is Your Occupational Status Employed Self Employed Retired Unemployed Monthly Debt Payments $ Select 0-249 250-499 500-749 750-1,000 Over 1,000 Have You Declared Bankruptcy * No Not in the last 7 years 1-2 years 2-5 years Your Contact Information First Name * Last Name * Email * Street Address * City * State * Select One Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District of Columbia Florida Georgia Hawaii Iowa Idaho Illinois Indiana Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Missouri Mississippi Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming Zip * Primary Phone * Secondary Phone Best Contact Time * Morning on Primary Morning on Secondary Afternoon on Primary Afternoon on Secondary Evening on Primary Evening on Secondary * REQUIRED FIELDS Service and Data Privacy provided by Secure Rights Note: Secure Rights is responsible for the collection and transfer of information on this page for the purpose of completing your request. By submitting your request you agree to be contacted in accordance with Secure Rights Privacy Policy . View Secure Rights licenses . Paid Advertisement Article Make Dreams a Reality with a Home Mortgage Loan The decision to buy a home is one of the most important commitments you’ll make in your life. If you’re thinking about making the transition from renting to owning, or even buying a new house and selling an old one, many factors come into play. For most Americans looking to buy a house, financial considerations can be daunting. Home mortgage loans are available to most, but deciding which option makes most sense for your personal situation can seem a difficult task, since there are many varieties of home mortgage loans, each with its own advantages and disadvantages, and numerous companies offering advice. Submit the form above to acquire your own home mortgage loan consultant to help you get started with the mortgage process and explain which type of loan is best. Obtaining a Home Mortgage Loan Isn't So Bad When seeking home mortgage loan advice, you should know that there are essentially two types: fixed-rate loans and adjustable-rate loans (ARMs). Fixed-rated loans are very predictable – when the contract is made, the rate of interest to be paid on the loan is calculated and locked in. The interest paid on adjustable-rate loans over the years changes with the interest rate, so when rates are low, you pay less each month, but when rates are high, you will pay more accordingly. Within the two main types, there are variations to suit the specific needs of individuals, which your home mortgage loan company consultant will be happy to discuss with you in greater detail. Your consultant will also explain the fees involved in buying a house, for such necessary tasks as appraisal, closing and settlement. Most home mortgage lenders charge a “loan origination fee,” usually defined as one percent of the amount you’ve borrowed. If you haven’t got the cash to pay these fees up front, they can usually be “rolled” into your loan and paid over time. Buying a house is challenging, but it need not be overwhelming. We’re always on call to help you make the best choices for today, and for the future. Fill out the form on the very top of this page to get the ball rolling. ^ Paid Advertisement Article ^ Ad Information        Forbes.com Wireless        Reprints / Permissions        Subscriber Services        ©2004 Forbes.com™      All Rights Reserved       Privacy Statement        Terms, Conditions and Notice Search Engine Marketing by 360i, Inc.