Investments Under the Hammer

Investments Under the Hammer

  • BBC TV series Homes Under the Hammer now in its 18th series
  • Life Tenancy Investment (LTI) lots rise in popularity at UK auctions (Guy Charrison)
  • Sam Murphy from Hertfordshire purchased a LTI for his 2 year old daughter at auction

The BBC’s hugely popular renovation and auction series, Homes Under the Hammer, has graced British and indeed international airwaves for over a decade now. Anyone who has been to an auction will know what a thrilling affair it can be as Guy Charrison, professional auctioneer, former NAVA (National Association of Valuers and Auctioneers) President and guest on the TV series, can testify:

“I have been in the property profession for over 30 years now and still get the same buzz as I did on my first day when entering the auction room. The heady combination of direct competition and the thrill of the hunt not to mention the almost spell-binding chant of a good auctioneer makes a live auction a very addicted experience.”

Indeed the popularity of Homes Under the Hammer, now in its 18th series, is testament to the public’s love for a good auction but it’s no longer just rundown family homes ripe for renovation available under the gavel.

Increasingly, auction houses are seeing property investment opportunities being put up for sale. These “Investment Homes Under the Hammer” are in fact Life Tenancy Investments, a fully legitimate and lucrative alternative to traditional buy-to-let.

Featuring in the catalogues of a number of eminent property auction houses such as Network Auctions, Life Tenancy Investments operate in the same way a standard property lot with 100% freehold ownership for the highest bidder. The only difference is that the property purchased is occupied by Life Tenants.

Guy Charrison of the Guy Charrison Property Consultancy, who has both sold Life Tenancy Investment’s at auction and invested personally, explains,

“Long since the preserve of institutional investors and pensions funds, Life Tenancy Investments enable properties to now be bought by individuals at a fraction of their open market value, in some cases up to half price. The opportunity to own a UK property outright, for such a discounted price, complete with the previous owners (the Life Tenants) in place to care for and maintain the house meets in the criteria for many bargain hunting auction attendees today.

“Over the years I have sold numerous Life Tenancy Investments to professional and accidental landlords, property investors and increasingly, everyday folk looking to secure an income for their retirement or their children’s future. Life Tenancy Investments offer a simple and straightforward way to invest in UK property and are a viable alternative to buy-to-lets.”

One such example of an individual who purchased a Life Tenancy Investment at auction is Sam Murphy from Hertfordshire. Sam first heard about the investment opportunity at an auction in Canvey Island, Essex and was so impressed that he contacted Guy Charrison for further information.

Sam comments,

“After hearing about the Life Tenancy Investment model and its benefits, I became very quickly enamoured. I find the existing buy-to-let properties which I own a huge drain on my time and resources whereas this Life Tenancy Investment property is the ideal hands-off way to keep my money safe.

“I purchased for my daughter, she may only be 2 years old at present but I wanted to prepare for her future and this investment is guaranteed to keep up with property inflation which is important to me.”

So with hundreds of property auctions taking place all over the UK each week, keep an eye out for a Life Tenancy Investment lot and bag yourself a bargain. For more details of the auction process and / or Life Tenancy Investments contact the Guy Charrison Property Consultancy on 01344 851 007 or visit www.guycharrison.com.

 

Under the Hammer: Life Tenancy Investment available today