http://news.bbc.co.uk/1/hi/8542764.stm

Here at the EveryCloud office we read this article with interest – fewer people getting mortgages is surely pointing towards another slow-down of the housing market? Fewer approvals means fewer buyers means Vendors will need to look at more creative ways of moving on from their properties.

Music to our ears – with a kitbag full of tools, we can provide a wide range of solutions for our vendors. How many can you offer? Do you do Staged Payments? Lease Options? Exchange with Deferred completion?If not, speak to us to see how we can help.

Best regards

The EveryCloud Team

Figures revealing a sharp drop in mortgage approvals in January have confirmed that the UK housing market made a slow start to the year.

The Bank of England said that the number of home loans approved for house purchases in January fell by 17% compared with the previous month.

The 48,198 approvals was the lowest number for eight months, but still 43% higher than a year earlier.

Experts have said the end of the stamp duty holiday was behind the drop.

The stamp duty threshold dropped back to £125,000 on 1 January, prompting a rush on mortgage approvals and completed home sales in the final months of 2009.

The government concession, which had temporarily pushed the threshold up to £175,000 for just over a year, had been aimed at halting the rapid slump in the property market.

Housing dip

Gross mortgage lending fell from £13.5bn to £10.2bn in January, with commentators also pointing to the severe winter weather as affecting housing market activity.

January is typically a challenging month for savers as many start to repay debt accumulated over Christmas Adrian Coles, Building Societies Association

A range of groups, including the Council of Mortgage Lenders and the British Bankers’ Association, have said that lending and activity dropped at the start of the year.

Last week, Nationwide building society pointed to the slowdown in lending as the reason behind the first fall in UK house prices for 10 months.

The Nationwide said average property values dropped by 1% in February compared with January, with the average home worth £161,320.

All sectors – including the mutual sector – had felt the effects of the slowdown at the beginning of the year, according to Adrian Coles, director general of the Building Societies Association (BSA).

“Activity was subdued and this has been felt by all lenders. Low activity in the month was expected following the surge of buyers aiming to beat the end of the stamp duty relief in December,” he said.

“The adverse weather conditions experienced at the start of the year have further suppressed market activity.”

Simon Rubinsohn, chief economist of the Royal Institution of Chartered Surveyors (Rics), said: “Our judgement is that this downturn in transactions will prove temporary and that buyer interest will have rebounded in the February data.”

The Bank of England figures also indicate that the record low Bank rate of 0.5% – and low variable mortgage rates – has deterred people from signing up to new fixed-rate mortgages. The number of homeowners remortgaging dropped to 23,611 in January, from 27,322 in December.

Available now, we have a 3 bed semi (does have a loft room which is peculiar size & accessed through one of the other bedrooms) so not technically bed 4. New kitchen c 3 years ago, bathroom is 4 years old, rest of property is in reasonable condition.

Reason for sale – Vendor lost job so they are in financial difficulties and looking for a quick sale.

RICS valuation Dec 09 – £130k. Vendor will accept £100k.Rental £500-550 – 7% yield.

2% Finders fee – £250 reservation fee and balance upon completion. We can recommend a creative finance partner to assist in the transaction.

Please contact info@everycloud.org for more details / register your interest.

When we launched the Staged Payment pack back in early December, we said we would keep the introductory price at £47 until we sold the first 100 kits. Since then we’ve had such good feedback from people who are now using this and seeing results already that we kept the offer open until now, but we feel we can’t keep it open any longer. We have some very exciting partnership agreements coming up and therefore it’s only right we increase the price.

We’re going to increase the price tomorrow evening to £97, which we’re sure you will agree is still fantastic value for what this pack contains. At the end of February we’re going to increase it again to the full  price £197 so if you want to take advantage of this and have been putting off doing so, here’s your chance.

Just to recap what’s in the pack?

1. Electronic Version of the Side Agreement (Contract) that you can use for your deals – Value £347
2. A one page guide to help explain the Side Agreement to a vendor in layman’s terms – Value £97
3. A one page guide to overcoming objections / positioning the Staged Payment Process – Value £57
4. A £100 discount on the admin fee on your first Cenoption (Exit strategy) arranged through EveryCloud – Value £100
5. A full step by step breakdown of the Staged Payment process  – Value £57
6. Copies of the Land Registry  Restriction & Charge forms we use to support this contract

W’e're sorry but right now this agreement cannot be used in Scotland or Northern Ireland. For everyone else, this is an invaluable tool that really works. Don’t just take our word for it, see for yourself.

Click here to purchase the pack.

Happy new year to all of our friends. We hope you’re getting back to some kind of normality following this cold spell.

Now that we have resumed normal service in the EveryCloud office, we’re busy looking at our goals for 2010, and reflecting on what’s worked well (and not so well) for us in 2009.

One thing that we have realised, is that we have a wide range of solutions that we can offer vendors (BMV, Lease Option, Staged Payment, Assited Sale etc etc), and we’re looking to expand where are getting our leads from.

We also understand that there are many people out there who who may have excess leads that they don’t have the time or experience to call, or simply don’t enjoy calling leads. In these cases we’re very happy to call these on your behalf and to try and find the best possible solution for the vendor, dependant on their situation. Once a deal is agreed, we will then JV this with you.

We won’t charge any money up front for this service (unlike others we have come across) – we will provide full feedback on leads passed over and we can manage any deals through to completion if you don’t have the time or inclination to do this.

Contact us today if you think we can help you – info@everycloud.org / 0800 158 3775. Let’s help each other to be more successful in 2010.

Best regards
The EveryCloud Team

We would like to take this opportunity to wish our friends and valued customers a very Merry Christmas and a Happy New Year. We’re expecting 2010 to be our most prosperous one yet, we have great techniques for finding and buying properties and are hungry to expand the portfolio. During 2009 we have forged some great partnerships with people who have helped us be successful, and have helped many more enjoy the same.

We hope you have a relaxing break and quality time doing whatever the festive period has in store, and look forward to working with you in the new year.

Best wishes

The EveryCloud Team

Want to get started with a Staged Payment deal?

We are pleased to offer the following Staged Payment deal which
is now available, offering potential for cash out up front and
fantastic cashflow during the holding period.

Deal Summary:

• Staged payment with great cashflow
o 1st Payment upon sale – £76,000
o 2nd payment (after 39 months) £29,000
o Total PP – £105,000 / 84% BMV
• The successful investor will need to use our Financing partner & legal
team to complete this deal

If you would like more details please click here. If you would like to be considered for this deal, please email us on info@everycloud.org

A £7.5k fee is payable on this deal. This is factored into the costs illustrated above. a £250 reservation fee is payable to secure the deal.

Best regards
The EveryCloud Team

We will shortly be launching the EveryCloud Staged Payment Starter Kit containing everything you need to begin negotiating and agreeing Staged Payment deals with your vendors.

• Are you struggling finding properties at enough of a discount that you can buy them?

• Are you fed up of not being able to make offers that are acceptable to vendors?

• Do you feel that if you could offer just a little bit more then you would get much better results?

• Would you like to be able to offer a vendor up to 85% of the value of their property

• Do you want us to show you an easier way to get more vendors to say YES to your offer?

We were in exactly this situation earlier this year, so we created the EveryCloud Staged Payment Method.

Register here to be notified when this starter kit is released.

We’re getting ready to send out the invitations for the EveryCloud Property Portfolio Service which we are launching in January.

Perfect for the investor who wants the benefit of owning property but doesn’t want any of the day to day admin and hassle.

If you think this is for you then have a look at our web site where you can find more information.

We’re looking for people to invest minium £10k for great returns….

Act now, the first round of applications will close on 15th December.

We look forward to working with you.

The EveryCloud Team