Rumours in the press have stated that the UK Government, in an attempt to breathe some oxygen back into the property market, are about to cancel, or at least defer, stamp duty on house purchases of up to £250,000. The plan is intended to assist first time buyers in making their entry into the market. Yet with savings expected of around £7,000 on a purchase, it seems like very little and very late to encourage tentative buyers into an ailing market. The figures on property purchases so far in 2008 are far from encouraging.
In June of 2008, only 77,000 properties changed hands compared with 140,000 in the same month last year. Although the deferral in stamp duty would be of help to first time buyers, it is a drop in the ocean in comparison to the high interest rates that the banks are now demanding. Another major problem for the first time buyer is the difficulty of raising the 30% deposit to purchase their dream property.
So for the majority of potential first time house buyers the prospect of “cutting the ribbon” seems as far away as ever. Even though there appear to be some real bargains on the market as property prices continue to fall.
Lenders and buyers alike are still optimistic that UK Chancellor, Alistair Darling, will come across more innovative ideas to kick start the property market. In the meantime, they seem very distant on the horizon.
In the meantime, it is left to those who still aspire to buy their own property to discover methods to bridge that financial gap between financial survival and accumulating capitol. And it can be a chasm as wide as the Grand Canyon for the vast majority of people. And, until recently, there have been no shortcuts.
The internet creates many opportunities for people to earn extra income. Some require specific talents, others grim determination, a vast network of friends and acquaintances that you can call on, and others require a considerable capital outlay that has to be put to risk to earn minimal rewards.
Nowadays another internet based method of earning capital has been made available to the general public and it provides all the answers to those who want to earn considerable extra income, with no financial risk. Not only that, it neither requires any selling, canvassing nor advanced skills in any direction or any form of competition. It is also something that can be carried out in the comfort and security of your own home.
The key to this guaranteed money maker is a state of the art software program known as ArbAlarm, developed by ex-city trader Rajeev Shah who gained considerable experience in the field of arbitrage during his time there.
Shah first laid out his experience in his best selling book on arbitrage applied to sports betting entitled ‘ Sports-Arbitrage – How to Place Riskless Bets and Create Tax-Free Investments’.
Operating in a manner that allows it to keep track of sporting events taking place around the clock in any corner of the globe, ArbAlarm software is designed to alert users to a situation where odds set by different bookmakers overlap. The software provides and guides its users through the procedure of placing a series of wagers covering any conceivable mathematical outcome on the event, guaranteeing a profit. The software is designed to be user friendly, allowing anyone with basic computer skills to operate it.
If the wagering patterns are followed to the letter, users can be guaranteed a return of 12% monthly on their total wagering. Another loophole, this time provided courtesy of the UK’s Treasury, is that none of the income earned through using ArbAlarm is taxable in any way. All in all, this software is much better news than saving a few thousand pounds on stamp duty.
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