How to Finance a Property Purchase

This year they have set regulatory changes at property investors. The government believes they are creating a good playing field between homeowners and landlords by putting up taxes and hiking up legislative loads on property investors. This move can have large detrimental effects on the supply of rental housings in the UK. Richard Butler Creagh and other property investors are widely aware that property still offers significantly higher returns than other investment choices which means many are still nurturing their portfolios while others can join the property market for the first time.

If you are a property investor, here are two major upcoming rental rules that you must prepare for:

Letting agent fee ban

 The “Tenants’ Fees Bill” is expected to be laid out before the end of this year, explaining which fees will not be allowed. It is widely known by many in the industry that landlords may instead incur these fees, as letting agents look at some other ways to make their money. Landlords may now discard their letting agents together and decide to manage their properties alone. While this works for some of those who can manage their lettings business full-time, others may not have sufficient time to comply with their duties as a landlord. But it will be the tenants that will bear the brunt of this changes in one way or the other despite it being enforced to protect them from higher rates.

Tenancy deposit cap

Most of the property investors and landlords take deposits from tenants at the start of a tenancy. This is to cover any costs for loss and damage to the property while the tenants are living in their properties. In another attempt to prevent tenants from incurring large expenses when they move to rental properties, the government has proposed a cap on security deposits. Having this law means that landlords will only be able to take up one month rent as a security deposit from the tenants when they move in. This may seem good news to tenants but it can result in many finding it more difficult to find a suitable rental property. A good example is landlords often require a more expensive deposit from risky tenants like those with pets and families with children. If they are not allowed to do this, they may decide to not let those tenants rent their properties at all.

Being aware of these incoming changes to rental rules is important for property investors in today’s market. A good property investor must understand the changes identified above and put certain measures in place to start preparing them sooner to avoid being caught. If you need a loan to purchase a buy-to-let property, contact Henley Finance. Visit the official website of Richard Butler Creagh here. Follow the Richard Butler Creagh Twitter page for the latest news on bridging finance and watch this video to find out more.

Richard Butler Creagh on Commercial Property Investment 

Welcome to the Richard Butler Creagh blog. Commercial investment in central London has seen its most powerful trading in almost a decade, per Savills. The real estate adviser announced that over £2.3bn was invested in central London commercial property in July alone, with total turnover for 2017 to the end of July reaching £11.5bn, a 24% increase on the same time last year. July was the strongest month recorded since March 2007 for Central London as sales were improved by the acquisition of 20 Fenchurch Street for almost £1.3bn to a Hong Kong-based property group.

Savills found that Asian investors continued to dominate the central London market, accounting for 63% of total City turnover in the year so far, while European and UK investors stood at 17% and 11% respectively.  In the West End, Asian investors accounted for 50% of turnover with UK institutions accounting for just 2% of acquisitions by turnover. This was also predicted by property development expert Richard Butler-Creagh.

“The first half of 2017 saw central London investment increased 12.3% on the same period last year; while we’re only a month into H2, the power has continued and total 2017 investment volumes may well exceed those of 2016,” said Stephen Down, head of Savills central London investment team.
“Although the limitations announced earlier in August by the Chinese government will decrease real estate investment from mainland Chinese property developers and institutions, investors from Hong Kong, who have been particularly busy in the market in the past year, are likely to continue to be active, however, we have noticed their buying criteria has become increasingly selective.”

Savills reported that its prime City yield was currently 4%, while prime West End yield stood at 3.25%. Stephen added: “We expect there to be more stock coming on to the market as we approach the end of the year as existing owners of investments to take profits and, provided these sales are priced correctly, we should see continued strong turnover activity in the next three to four months.”

Richard Butler Creagh is the founder of Henley Finance. Find out more about getting the right finance for you on the Henley Finance website.

Watch this video to find out more about Richard Butler Creagh and property investment.

Your 30s are filled with milestones and life-changing experiences. It’s a time when the things you learn start to become habits and when financial decisions can either lead you to great success or become a problem for you in the future. It would be great to have perfect planning so that you will know the best decision to make in every situation.

Here are some tips to avoid those financial mistakes:

Living on credit cards

Be grateful if you have not gotten deep into debt, and avoid it like it is a virus. Living on your credit cards is a desperate game to play with your finances. At some point, you have to pay for your purchases, and that usually means using all the savings you have saved. If you have already exhausted your savings, you may start the cycle of missing payments and opening new credit card accounts. Living on your credit cards will only lead you to live paycheck to paycheck, which is a very difficult habit to break once established. Left unnoticed, this practice will ultimately destroy your credit score as well.

Failing to set financial goals

 If you never stop to think about what you would like to accomplish in five or 10 years, it is likely that you won’t accomplish anything by the end of that period. The very act of identifying and setting financial goals for yourself in your life clarifies your choices and helps you naturally focus on ways to reach your goals. Failing to set financial goals can create pressure later on as you realize that you have to work harder to make any sort of progress towards what you want in life.

Not contributing to your retirement

 One of the most crucial mistakes you can make is not to save for your retirement as early as possible. It is easy to think that retirement is too far away and that you should be saving for more immediate goals like getting a car. You must start saving for retirement when you land your first job. If you don’t have the discipline to save for retirement, you may end up spending your entire salary and not saving for a car or anything else either. This is a difficult mistake to recover from that could cost you so much or more in the long run.

The best thing about being young is that time is on your side. You can recover from money mistakes more easily and enjoy a bright future, but making good financial decisions starts with learning about money and being willing to take responsibility for your own financial success.

Read more Richard Butler Creagh on his official website here, learn more about Bridging and Commercial app here and connect with Richard Butler Creagh  Linkedin page here.

Watch Richard Butler Creagh video here:

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Henley Finance Le Mans Race Sponsorship

Henley Finance founder Richard Butler-Creagh has announced their sponsorship of the Beechdean Aston Martin team at the upcoming 24 Hours of Le Mans race on the 17th-18th of June 2017. Henley Finance, a leading UK Bridging Finance company, has sponsored the team, and racer Olly Bryant in the upcoming French endurance race. Their logo will be on the racers jacket and provide the British finance company international promotion.

Richard Butler-Creagh commented:

‘‘Henley Finance are proud sponsors of Olly Bryant in the Beechdean Aston Martin Team and we wish them every success.’’

Le Mans is the world's most prestigious active sports car race in endurance racing, held annually since 1923 near the town of Le Mans, France. It is one of the most prestigious automobile races in the world and is often called the "Grand Prix of Endurance and Efficiency." The event represents one part of the Triple Crown of Motorsport, with other events being the Indianapolis 500, and the Monaco Grand Prix. The race will take place in front of more than a quarter of a million spectators and be televised in over 190 countries around the world. Experienced GT racer Oliver Bryant is confident of a good result on his Le Mans 24 Hours return, after completing a successful test day with the Beechdean Aston Martin Racing team on the 4th of June 2017.

Oliver Bryant commented:

“It was a thrilling experience driving the Aston Martin at Le Mans. I’m now looking forward to continuing to work with Andrew, Ross and Beechdean AMR through the race week leading up to lights out on Saturday!”

The British GT Championship race winner debuted at the Circuit de la Sarthe with an impressive ninth place finish in the LMGTE-Am class last year and settled in well on his first outing in the #99 Aston Martin V8 Vantage GTE at the test, completing 24 laps of the 8,469 mile circuit and ending the test a promising sixth in class. With 15 years of experience, the Buckinghamshire-based star is no stranger to endurance racing and joins a strong line-up, including Beechdean AMR team owner Andrew Howard and Aston Martin youngster Ross Gunn, which is hungry for success at the world’s greatest endurance race with the help of their sponsors including Henley Finance.

Henley Finance, founded by Richard Butler Creagh in 2013, is a short-term bridging finance company specialising in loans between three months to a year, of between £100,000 to £1,000,000 for the professional property developer. They are a specialist lender providing bespoke short and medium-term funding solutions to the residential and commercial property markets.

Find out more about property financing on the Richard Butler Creagh official website here and read Richard Butler Creagh professional profile on his Linkedin page. Read Richard Butler Creagh news and updates on his Crunchbase page here.

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Richard Butler-Creagh | Personal Profile

Richard started his career the building industry. He ran his own company called Butler-Creagh Refurbishments, specialising in working for developers and refurbishing their properties to prepare them for the market. This provided him with an insight into the potential in the property market in the UK.

In 1985, Richard Butler Creagh took an interest in the London real estate market and began to research the process of buying, selling and managing properties. He studied and mastered the financial process of property developing making important connections in the industry along the way
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He then gradually started buying properties to renovate and sell on. He would use bridging finance to purchase them, put them onto long term finance and then let them. This way he built up a portfolio of twenty-seven properties in and around Central London.  He is a consultant and a major shareholder at Mainstream Commercial Finance Ltd., which has been in business since 2006.

Richard Butler Creagh came to understand the bridging sector and long-term finance sector and recognised a gap in the market for a bridging finance company that had their own in house valuation people and underwriters. This would enable the company to be able to assess the project in its entirety and also provide the necessary funding as fast as possible. This is because they do not have to rely on outside valuation.

He understood the needs of the property developer and the requirements for short-term finance. He founded m Henley Finance in 2013 in order to provide this service to others. Henley Finance Ltd is a specialist lender providing bespoke short and medium-term funding solutions aimed at the property market. This includes loans for both commercial and residential properties. Henley Finance specialise in providing loans between ranging from three months to a year, of between £100,000 to £1,000,000.

To get in touch with Richard, visit the Richard Butler Creagh website. You can also connect with Richard Butler Creagh on Crunchbase. Watch this video to find out more about Henley Finance.

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About Richard Butler- Creagh 

Richard Butler-Creagh has been in the bridging lending business for many years. He became involved with this sector through his experiences in buying and selling his own properties. He soon realised that the most important part of this process was to be able to have the availability of good financing.