Banks will lend if the Price is Right -- Rock Star Investment Group

As the lack of mortgage lending continues to be blamed for the struggling UK property market, and the level of repossessions continues to rise, one property investment company, in not only finding it easy to obtain mortgage financing, but also using that finance to help people avoid repossession.

"The banks are lending if the price is right. The government money being funnelled into the banking system is loosening the purse strings, but banks are reluctant to finance as they were because of the likelihood that prices could drop a further 20% at least," said Joseph Harwood, director of Rock Star Investment Group.

"Because we are picking up properties at 20% and more below their current market value, we are finding very little difficulties in financing our property acquisitions," explained Joseph.

Joseph said that Rock Star Investment Group had recently expanded into the Gloucester area, "because of the relative stability in the market compared to some other areas and the significant regeneration work going on in this area, most notably the Gloucester Docks," he explained.

Harwood also explained that the company invests in property on behalf of its clients, a service that is "specifically tailored to their individual needs."

"Currently most investors are looking to invest in a property with a solid rental income, offering better returns than bank held savings and other investment vehicles," Joseph said.

"Quite often this allows us to help people who are facing foreclosure at the same time as finding the best opportunity for our client: we can buy the property at a good price, and the ex owner becomes a tenant, and our clients gets a stable rental income, everybody is happy," he explained, adding:

"Unemployment benefits can't pay a mortgage, but housing benefits make for reliable tenants."

The Gloucester division of RSIG has recently purchased several properties in Gloucester, the restoration areas of Bristol and the Gloucester docks under their own steam. They are now looking for clients to benefit from these investments.

"The opportunities were simply too good to pass up on, we couldn't afford to wait to find clients, so we snapped them up," said Joseph. Interested investors can find out more by contacting RSIG on the web at www.rsinvestmentgloucestershire.com