RICHBRITS UPDATE - Tuesday 21st July, 09

RICHBRITS UPDATE - Tuesday 21st July, 09

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UPCOMING EVENTS... A number of events are taking place over the next few weeks. If you are looking for inspiration or tips on how to move your life or your business forward, then get yourself along to one of these events. Type: Public Event - Money Matters "We Will Demistify The Stock Market For You" When: Thursday, 23 July 2009 - 6:30pm to 7:30pm Where: 207 Providence Square Millstreet, London, SE1 2EW Map Organizer: Owen O'Malley Ticket Price: FREE Click here to register ---------------------------------------------------------------------------------------------- Want to become Your Own Best Publicist and build instant rapport and credibility and discover how to get enthusiastic applause and even a standing ovation every time you speak and leave audiences speechless? Here’s why you should jump at the opportunity! ***Save €500 by Acting Now!*** Type: One Day Workshop ’66 Secrets ‘Performance’ Explosion One Day Workshop’ When: Saturday, August 1st - 9am to 5pm Where: D4 Hotel Ballsbridge Dublin 4 (formerly Jury’s) Map Organizer: Marie O’Riordan Ticket Price: Just €497 (inc VAT) if booked and paid in full by July 31st. Normal price €997 (inc VAT). Register here... Price on the day and from August 1st: €997 (inc VAT) If you’re in a hurry to find out what I’m talking about then go ahead and call Marie O'Riordan right now on +353 86 8119066 and in just one comprehensive day you can avoid the cash burning, time wasting, energy draining mistakes costing you and people in business serious amounts of money in lost turnover and lost profits and lost personal cash! ---------------------------------------------------------------------------------------------- Type: Public Event When: Saturday, August 8th - 9am to 4pm Where: The Crowne Plaza Hotel, NEC, Birmingham Map Organizer: Neil Hewitt Ticket Price: Just £95 Featuring an all British Cast describing in detail how they have come through at least one recession and how it was their mindset that got them through it. They will be sharing their story with you, together with a "call for action" to ensure you come through this current economic "crisis" in the best posible state! RichBrits Founder, Clare Darwish opens the event with her keynote address – “From Welfare to Millionaire”. The heartfelt story of this one-woman crusade to financial freedom is sure to inspire you. Listen as Clare shares her whole story for the very FIRST time. Ron G Holland “The Billionaire Biker” introduces ideas from his latest book “The Eureka! Enigma, Seven keys to realising your dreams” which is being billed as the next step to The Secret! Andy Ferguson will be closing the event with an invigorating talk on “Passion, Purpose and Process” and a call for everyone to take action, find their true purpose and put in place the process that will take them to their true destiny. For more information and reservations go to: www.winningwaystowealth.co.uk …and ensure your seat at this unique event where you really will learn from the Masters! ---------------------------------------------------------------------------------------------- Type: Workshop – Property Basics When: Sunday 2nd August – 10am – 12noon Where: The Elphinstone Hotel, High Street, Biggar Map Organizer: Clare Darwish Ticket Price: £49 pp - £80 per couple (saving of £18) BOOK NOW... Refreshments served on arrival In this programme you will learn : • Where do I start? The basic steps required to become a 'successful' property investor. • How to identify and clarify a strategy that suits YOUR needs. • The downside to property investing (yes there’s always a down side!) • Confronting your fears around property investing and setting your goals • Maximising 'cashflow' and releasing equity In the current climate, the biggest obstacle is raising funds...agreed? Learn negotiation techniques that will have lenders queuing up to fund YOUR deals! ----------------------------------------------------------------------------------------------

PROPERTY NEWS RICS publishes new valuation guidance The RICS has published new guidance on valuing property in the prevailing market. The new guidance recognises that there may be a need for valuers to provide advice on the outlook for a property’s value as well as establishing its current market value. A copy of the full valuation information alert “Guidance to Lenders and Valuers when conducting Loan Security Reviews” can be found on the RICS website accessible here. Planning Circular 12/96 Review: Planning Agreements The Scottish Property Federation has now submitted comments to the Scottish Government on the consultation issued on Planning Circular 12/96 Review: Planning Agreements. The comments are contained in a SPF Policy Statement which is available on its website accessible here. Review of fees for planning applications The Scottish Government is looking into the existing methodology employed to calculate planning fee increases to establish if this methodology remains appropriate. Details of the enquiry can be found on the Scottish Government’s website accessible here.

Don't break the elastic!

In April, Maya Angelou was interviewed by Oprah on her 70+ birthday.. Oprah asked her what she thought of growing older.

And, there on television, she said it was 'exciting.'

Regarding body changes, she said there were many, occurring every day...like her breasts. They seem to be in a race to see which will reach her waist, first.

The audience laughed so hard they cried. She is such a simple and honest woman, with so much wisdom in her words!

Maya Angelou said this:

'I've learned that no matter what happens, or how bad it seems today, life does go on, and it will be better tomorrow.'

'I've learned that you can tell a lot about a person by the way he/she handles these three things: a rainy day, lost luggage, and tangled Christmas tree lights.'

'I've learned that regardless of your relationship with your parents, you'll miss them when they're gone from your life.'

'I've learned that making a 'living' is not the same thing as 'making a life'

'I've learned that life sometimes gives you a second chance.'

'I've learned that you shouldn't go through life with a catcher's mitt on both hands; you need to be able to throw some things back..'

'I've learned that whenever I decide something with an open heart, I usually make the right decision.'

'I've learned that even when I have pains, I don't have to be one.'

'I've learned that every day you should reach out and touch someone. People love a warm hug, or just a friendly pat on the back.'

'I've learned that I still have a lot to learn.'

'I've learned that people will forget what you said, people will forget what you did, but people will never forget how you made them feel.'

1,343 new council homes

Council homes across Scotland

More than 1,343 new council homes will be built in Scotland this year backed by £26 million from the Scottish Government.

Seventeen councils across Scotland will share the money to create a new generation of council houses for rent as part of the largest council house building programme for 30 years and is expected to support 3,000 jobs.

Details can be accessed on the Scottish Government’s website accessible here

(This will go a long way towards the 3,000,000 new homes actually needed in the UK right now! Gordon's target to fill this quota by 2020 is a long way off which creates a huge opportunity for the Private Rented Sector...if you can find the dosh to buy up all the empty houses scattered about!)

RICHBRITS UPDATE - Sunday 5th July, 09

Last Chance to book online... The Richbrits Networking Event is happening tomorrow Monday 6th July... so purchase your tickets TODAY! 6th July 2009 start time 19:00 to 21:00 MARRIOTT HOTEL, GLASGOW ROAD, EDINBURGH (just off the bypass) Paypal link If you are unable to use paypal, you can of course pay at the door. However, please confirm your attendance prior to the event, to help us with catering and seating arrangements. Contact Laura or myself to reserve your place laura@richbrits.co.uk

SUNDAY MORNING HUMOUR... It is the month of July; a seaside town sits and looks out over the North Sea. It is raining, and the little town looks totally deserted. It is tough times, everybody is in debt, and everybody lives on credit. Suddenly, a rich tourist comes to town. He enters the only hotel, lays a £100 note on the reception counter, and goes to inspect the rooms upstairs in order to pick one. The hotel proprietor takes the £100 note and runs to pay his debt to the butcher. The Butcher takes the £100 note and runs to pay his debt to his pig farmer. The pig farmer takes the £100 note and runs to pay his debt to the supplier of his feed and fuel. The supplier of feed and fuel takes the £100 note and runs to pay his debt to the town's prostitute who, in these hard times, gave her "services" on credit. The prostitute runs to the hotel and pays off her debt with the £100 note to the hotel proprietor, for the rooms that she rented when she brought her clients there. The hotel proprietor then lays the £100 note back on the counter so that the rich tourist will not suspect anything. At that moment, the rich tourist comes down after inspecting the rooms, and takes his £100 note, after saying that he did not like any of the rooms, and leaves town. No one earned anything. However, the whole town is now without debt, and looks to the future with a lot of optimism. And that, ladies and gentlemen, is how the British Government is doing business today.

Buy-to-let landlords have been hard hit by the property crash, along with private homeowners. But one small silver lining in the generally gloomy outlook is that, with property prices coming down faster than rental values, yields are actually rising for many purchasers of rental property.

With the help of PropertyEarth.net, Times Money has compiled a list of the ten towns or boroughs with the highest yields for buy-to-let investors.They are spread right aross the country, from Scotland to Shropshire and from Newcastle to Neath, in Wales.

1. Glasgow

Average Yield: 12 per cent.

Typical property: A one bedroom first floor flat in Rutherglen, Glasgow. Price: £32,000. Monthly Rental: £350.

2. Houghton Le Spring, Tyne and Wear

Average Yield: 10 per cent

Typical property. A two bedroom terraced house five minutes walk from the town centre. Price: £46,500. Monthly Rental: £400.

3. Telford, Shropshire

Average Yield: 10 per cent

Typical property: A one bedroom first floor apartment flat Price: £59,950. Monthly Rental: £500

4. London Borough of Lewisham

Average Yield: 8 per cent

Typical property: A one bedroom first floor flat in Lee. Price: £95,000. Monthly Rental: £675

5. MIddleton, Manchester

Average Yield: 8 per cent

Typical Property: A two bedroom middle terraced house in a suburb of Manchester. Price: £64,950. Monthly Rental: £450

6. Barnsley, South Yorkshire

Average Yield: 8 per cent

Typical Property: A three bedroom semi-detached house in the Darton district of Barnsley. Price: £65,000. Monthly Rental: £450

7. London Borough of Newham

Average yield: 8 per cent

Typical Property: A one bedroom flat in East Ham. Price: £104,500. Monthly rental: £700.

8. Burnley, Lancashire

Average Yield: 7 per cent

Typical Property: A three bedroom terraced house in the east Lancashire town of Burnley. Price: £79,500. Monthly Rental: £525

9. Neath, Wales

Average Yield: 7 per cent

Typical Property: A two bedroom semi-detached house in the Neath Abbey part of the town. Price: £69,950. Monthly Rental: £450

10. Newcastle

Average Yield: 7 per cent

Typical Property: A three bedroom semi-cetached house in the Throckley district. Price: £69,950. Monthly Rental: £450

You can find out more information by going to PropertyEarth.net. Pictured: A semi-detached home in Neath, Wales.

What about other Scottish areas... I've seen a few in Lanarkshire recently at 12% or is Glasgow representative of the whole of Scotland?? I'm sure that if you buy in Craigneuk, Wishaw or Forgewood, Motherwell you can still 'Buy One Get One Free'!!

Richbrits Networking Event

RICHBRITS NEWSLETTER UPDATE...

The Richbrits Networking Event is happening on Monday 6th July... so purchase your tickets TODAY! 6th July 2009 start time 19:00 to 21:00 MARRIOTT HOTEL, GLASGOW ROAD, EDINBURGH (just off the bypass) Paypal link (If you have difficulty with paypal then please contact) laura@richbrits.co.uk

Protecting your assets against attack

Many companies when considering Estate Planning Strategies for clients concentrate solely on the effects of Inheritance Tax on the estate of the deceased. Although very important, this is not the only concern that most clients have.

When giving estate planning advice, Countrywide Legal Services Ltd can offer strategies that consider all of the following threats on the deceased’s estate:

1. BloodLine planning i.e. ensuring the deceased assets are not threatened by the following:

• Remarriage of the survivor
• Divorce / Separation within the beneficiaries normally the children
• Bankruptcy of the beneficiaries

2. The effect on the deceased assets if the survivor enters Long Term Care.

3. Protecting assets if the beneficiaries are disabled.

4. Minimising the effects of Inheritance Tax

Inheritance Tax has been described as a 'voluntary levy' - as the late Lord Jenkins once said,

“It is paid by those who distrust their heirs more than they dislike the Inland Revenue.”

Consider no Trust Planning in place, and the potential Inheritance Tax through the family generations...

Assume an estate value of £800,000 for a married couple and no Inheritance Tax planning has taken place for them or their bloodline. After Inheritance Tax paid of £60,000 the children will receive £740,000 from their parents.

If we assume the children already own assets in their own name at, or above the current Inheritance Tax Nil Rate Band then when they pass away the Inheritance Tax payable on the estate left to their children will be 40% of £740,000 i.e. a further £296,000 Inheritance Tax would become due.

The value of the original grandparent’s estate reaching the grandchildren will be £444,000.

In two generations the estate from grandparents has decreased from £800,000 to £444,000. £356,000 has been lost to the Inland Revenue in Inheritance Tax payments.

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Michael McCready and Chris Smith of Countrywide Legal Services will be in Edinburgh tomorrow afternoon (2nd July). If you would like to find out how to protect your assets, drop me an email or pop along to The Marriott Hotel, Glasgow Road, Edinburgh around lunchtime, and I will introduce you to Michael and Chris.

After all the hard work and effort that goes into acquiring assets through property investment, stock market trading, savings etc., you owe it to yourself and your family to PROTECT those assets and mitigate your tax burden efficiently.