Gatehouse estates

Let to Buy not Buy to Let!


Let to Buy is a moving option that many people are not even aware of or confuse with Buy to Let!

This type of scheme allows you to buy a new home and let your old one out, making you a chain free buyer.

As long as the rental income on your existing property will easily pay your existing mortgage, lenders who offer this type of loan will usually offer you a new mortgage for the new property based on the normal income multiples, even though you already have an existing property. This means that you end up with two mortgages at normal owner-occupier rates, avoiding  more expensive buy-to-let mortgages.

For more info on this call Phillip on 01480 433933.



Portuguese Property Market, still going strong

Despite the recent market conditions, property sales in Portugal seem to be bucking the trend. There are many reasons why people continue to buy property in Portugal.
Investors, mainly from Northern Europe, are still looking for a safe place to invest their money, away from the banks and into the traditional commodity, property. Portugal still offers great value, especially in the West coast areas and the central regions including the Alentejo. Prices are still relatively low and there still seems to be enough tenants for the properties.
Other investors are using the “credit crunch” to take advantage of the bargain properties in the Algarve. Developers haven´t over-developed in the same way that the Spanish and Turkish developers have, so the market is still strong enough to give an investor confidence, but the developers do seem to be offering great deals just to shift properties and to reduce their gearing with the banks.
Lifestyle buyers are able to pick up some great deals, especially in the Algarve, as owners in other countries have been forced to sell. The property market in Portugal offers sufficient variation in style, location and price to suit all tastes. The airports are well served from all over the world and flights from Northern Europe are frequent and cheap. The perfect recipe for lifestyle buyers.
To find a large selection of properties for sale in the Algarve, west coast, silver coast and the centre of Portugal, visit, THE property specialists for Portugal.

foreign exchange currency conversion by specialistsGet the best currency exchange rate available today… Just call our Head Office on +44 (0) 1480 458 400 if outside the UK, or 01480 458400 ( in the Uk) and we’ll quote you the best exchange rate for Euro, usd, gbp, aed and more. Alternatively, visit fx-foreignexchange, and we will get back to you with the best foreign currency exchange rates.

Motivated Property Sellers

Motivated property sellers used to be a rare find.

Over the last few years, while the property market has been in the ascendancy, property sellers only became motivated when they saw something they wanted. With the housing market rapidly adjusting itself in the UK, property sellers have suddenly become more motivated by other factors including the desire to ‘offload’ surplas property portfolios before they have negative equity.

Why would someone buy now? Buyers can get a bargain basement price when purchasing from a motivated seller. In many cases, witnessed recently, sellers have been happy to sell at less than their purchase price 2 years before. Most of the sellers are seeking to avoid re-possession and the resultant ‘black mark’ against their name. In one case, a client on our For Sale By Owner site , , had 3 properties to sell on one development. He advertised just one on the site and has met with great success. He now has a lawyer interested in buying all 3.

The method seems to be working for the sellers, but the buyers are going out of their way to find what the industry now calls ‘motivated sellers’.

For a cheap, bargain, property visit Motivated Property Sellers for a selection, and deal with the property owners direct.

Gatehouse estates
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