This is one of among one of the most common methods of Valuation. This method includes the comparison of all the similar properties such as similar in structure, age, structure or dwells in the same area. The 8,000 sq ft first phase of the scheme is being developed by Lincoln-based developers Valuers Melbourne and Lindsey Securities Limited in association with English Partnerships and marketed by sole agents chartered surveyors and property consultants, Hodgson Elkington. It is the first joint venture of its kind in Lincoln.
This method leads to the Open Market Value of the property. We believe the development will fill a gap in what is generally now acknowledged as tile leading industrial and commercial center for the city of Lincoln in a niche area of the market,” said Hodgson Elkington associate, Stephen Bradford.
To make this method a success it is very essential to get the actual sales price of the property along with actual facts and figures. The first 8,000 sq ft phase is sub-divided into four individual units and has been built by Trent Valley Developments, who are based on Lincoln’s Westminster Trading Estate.
We are pleased to have been associated with English Partnerships on this site and hope it will lead to new opportunities in the future,” said Lindsey Securities director, Robin Taylor.
This regenerative project is the first industrial scheme we have supported in Lincoln and we hope it will be the forerunner of many others. it will bring new employment prospects to the city,” said Graham Corbett, Development Manager for English Partnerships (East Midlands) the Government’s Urban Regeneration Agency.
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You could then make decisions yourself, to say ‘well its getting closer and closer to what I’m not comfortable with, maybe I should be looking at fixed’. Ryan And that’s why a fixed rate can give you more borrowing capacity because the buffer that most lenders will put on a **variable right** won’t necessarily.
Be added to a fixed rate.Brad There are several lenders that look at it that way. It’s not the most common practice.Ryan, So you really need to know which lenders do this, so again go and see your mortgage broker, someone like Brad or whoever you choose to go to.
So what are some other ways, that’sone I didn’t know of and I was excited to find out about, what else is there?Brad, I think the majority has already been said. That’s most of the things covered for purchasing your own home, but for investors, there’s several more. Obviously, the investors are aware of the benefits of the negative gearing. Obviously, I’d rather have a positively geared property because it’s making me money.
Ryan Rather makes money and pays the tax than losing money and save tax. Brad Yeah, but if your portfolio or investment property is negatively geared or you are purchasing a property that will become negatively geared, not all lenders give you the benefit of the negative gearing in the serviceability that loan application. But yes, obviously you’re making a loss. It’s like a business, you make a loss,
There’s obviously an offset of tax against that.Ryan But that offset of tax some – lenders will take that offset into account where some lenders won’t take that offset into account. So by going with a lender who will take that offset into account, you may be able to increase your borrowing capacity.
Brad But always talk to your financial advisor property valuation methods before going into negative gearing.Ryan Yes, always speak to your tax accountant or financial advisor.Brad Yeah, it’s got to be said because we’re not licensed to provide advice on negative gearing.