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PLEASE NOTE THAT THIS INFORMATION APPEARS IN THE NEWS SECTION AT THE MEMBERS' AREA AT GOVERNMENT AUCTIONS AS SOON AS WE RECEIVE IT. FULL DETAILS ABOUT EACH AUCTIONEEER CAN BE FOUND AT THE SITE.

The GAUK FREE Newsletter is our regular FREE bulletin designed to keep you fully updated with news, the latest sales, auction results and general pieces of interesting auction information. This is a supplement to information contained in the main GAUK database and is an additional service.

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More information and full contact details for all the following sales are available in the database - just type in the name of the auctioneer of your choice into the search facility. If you are a member of GAUK please note that the following information is available in the news section as soon as we get it.

Here is the list of stock due for the next auction at Tilbury. If transport is a problem, please give us a ring.
Park and Ride Service now in operation. For full details please visit the website on www.japaneseimportauctions.com

Fleet Auction Group (Trade)
FLEET SALE
THURSDAY 9th SEPTEMBER 2004
11.00am

On behalf of the Liquidators of Pennine Packaging Company Limited we are instructed to offer for sale by tender the following assets located in Halifax, West Yorkshire:

Direct Mail Plant and Equipment

On behalf of a Major Finance House we are instructed to offer for sale a Tennant 6200 Ride on Sweeper located in Halifax, West Yorkshire

John Law, Uphampton, Ombersley, Nr Droitwich, Worcs. Tel: 01905 621212. Wednesday 8th September at 11am; a sale of CNC and machinery, lathes, grinding machines etc. Taking place at Centreline Machine Tool Company, Holman Way, Nuneaton.

Lithgow Sons & Partners, The Auction Houses, Station Road, Middlesborough. Tel: 01642 710158. Wednesday 8th September at 10.30am; a sale of tools and garage equipment, forklifts and vehicles. Taking place at The Auction Houses.

Smith Hodgkinson & McGinty, Knowsley Way, The Auction Centre, Unit B, Haslingden, Rossendale, Lancs. Tel: 0161 233 2900. Monday 13th September from 12noon to 3pm; a tender sale of antique and featured wooden pub bars. Taking place at Antique Bars, Oxford Mill, Harlesyke, Burnley.

Henry Butcher, Brownlow House, 50/51 High Holborn, London. Tel: 020 7405 8411. Tuesday 14th September at 10.30am; a sale of the entire contents of an opto-electronic component manufacturing facility. Taking place at Kamelian Ltd, Oxford Park Industrial Park, Mead Road, Yarnton.

Asset Management Services (UK) Ltd, Unit 5, Church Farm Business Centre, Leckhampton, Glos. Tel: 01242 241111. Thursday 16th and Friday 17th September from 10am to 7pm, and Saturday 18th September from 9am to 2pm; a tender sale of the entire contents of a sports goods warehouse including home fitness equipment and accessories. Taking place at Unit 5, Church Farm Business Centre.

Witham Ltd, Honeypot Lane, Grantham, Lincs. Tel: 01476 861361. Monday 20th September; a sale of vehicles on behalf of the MoD including cars, 4X4's light vans, Landrovers, plant and equipment, armoured recovery vehicles, miscellaneous effects. Taking place at Honeypot Lane.

CJM Asset Management, Duchess House, Queensway Court, North Lincs. Tel: 01724 334411. Tuesday 21st September; a sale of CNC and conventional woodworking machinery, spray booths, drying tunnels and general factory equipment. Taking place at Deeside Cabinets, South Green, Dereham, Norfolk.

Peaker Pattinson, 28 High Street, Grantham, Lincs. Tel: 01780 410966. Wednesday 22nd September at 11am; a sale of CNC, drilling, grinding, milling and sawing equipment etc. Taking place at Units 11 and 19, Royal Oak Way South, Daventry, Northants. Wednesday 29th September from 9.30am to 4.30pm; a tender sale of machine tools, sheet metal working, welding and wood working machinery, mobile plant and lifting gear. Taking place at Brindley Road, Dodwells Bridge Ind. Est., Hinckley, Leics.

I have just been informed about a really exciting event taking place at the end of October that I think you will be very
interested to hear about. If you are even the slightest bit interested in finding out how to earn a considerable income for yourself from an Internet based business, read on and I promise you won't be disappointed.

The World Internet Summit is coming to the UK for four days from October 28th to 31st this year.I'll be there. As will a number of other experienced UK based marketers I know of. It would be good to see you there too.

If you do decide to attend this prestigious event, you will get to spend 4 days with some of the greatest Internet marketing
minds in the World, including the Top Internet marketers from right here in the UK. This is truly a once in a lifetime opportunity to learn from and network with the greatest Internet business experts in the world.

There has never been an event like this ever before in the UK. It's a first, and it's going to be a sell-out affair!!

The 'World Internet Summit', is an immensely popular Seminar Program which has brought together some of the best minds on the planet to teach you how to really succeed with an Internet based business of your own. In previous years, this exciting 4 day Seminar has been around America, to Australia, and now after experiencing such continued success, it is finally coming to the UK for the first time EVER.

Well, to give you some idea, at each event the organisers pick someone at random from out of the audience, and over the next four days they build an Internet business for them, 'live' on stage .....
..... And last year, one lucky woman who was picked, earned herself around $12,000 over the weekend from this!

This just shows you that the people running this Seminar really know their stuff.

Learn from Proven Experts and Network with others in the businessThere are no less than 15 internationally renowned speakers at the event. Plus, for the benefit of all us Brits, there will also be a selection of UK based speakers at the event, to show you EXACTLY how to succeed online from a UK base!

It's a chance for the UK Internet business fraternity to meet up, exchange ideas, do deals, set up Joint Ventures, and more,
whilst learning from some of the greatest Internet Marketing minds on the planet!

You can rest assured, literally anyone who is anyone in the UK Internet business scene is likely to be there. It's going to be like a 'who's who' of UK Internet Marketing Experts.

So, if there is one event you attend this year, this one has just got to be it!!

Anyway, you've heard enough from me. I strongly urge you now to go straight to the following address:
http://www.autopilotriches.com/app/aftrack.asp?afid=168363 which will take you to a page where you can read through the
full details of the Seminar.

You can then see exactly what you will gain from this Seminar, and why you should definitely attend.

So, check out the info right now, as there are special price deals available for those who book early!

PS: If you do decide to go, drop me a line and perhaps we can arrange to meet up over the weekend for a drink and a chat.
PPS: Attending the summit is completely RISK FREE. This is pretty much unheard of with any other Seminar I've
ever seen before, but if at the end of the four days, you are not entirely happy with what you've seen and heard, you can
get a full refund!

It’s Peter Parfait, with further selected property opportunities and services for you.

New & Exciting Property Investor Networking Evenings
Really Low Mortgage Facility of 3.3%
A Finance Company That I Can Highly Recommend
33% Discounted Spanish Property – Details Now Available From Website
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New Service: Property Investor Networking Evenings
Anyone who has attended one of my Conferences over the years will no doubt have benefited from the soirees that we have enjoyed during the evenings. For those who haven’t attended, the order of play has been a series of lectures throughout the day presented by top professionals in their field, followed by relaxed and informal get-togethers afterwards. These socials have proved to be great events, where readers mix and chat and discuss with each other all manner of property investment topics. Lasting and lucrative partnerships have been formed (I know; you’ve told me!), exceptionally valuable advice has been exchanged, and lots and lots of business has been achieved. They really have been amazing fun, instructive and wholly rewarding.

And so we thought: why not organise a simple social event, a networking evening for the benefit of readers, to which anyone can attend. We’ll hire the upstairs room of a pub somewhere, people can buy their own drinks (to keep costs down), we’ll lay on a couple of interesting 10-minute-speakers to punctuate the evening with some wise words of guidance and advice, and simply allow readers to interact and network with each other, and also meet and greet contributors to the newsletters. A sterling idea, or so everybody says.

Thus, our first Property Investor Networking Evening will take place in central London on Monday the 4th of October at a venue in central London. Entry will cost a tenner (£10), just to cover room hire costs, speakers’ transport, administration charges and the like (it will be a non-profit-making occasion), and people will be at liberty to wander in and wander out as suits their schedule. We’ll start at 7pm (just after the congestion charge finishes) and go on until we’re thrown out, possibly unceremoniously. Numbers will have to be strictly limited (to suit the room space) and attendance will be allocated on a first-come first-served basis. If this event proves successful, we’ll hold more (perhaps monthly) and consider arranging similar events in regional centres around the country.

All you have to do if you want to attend this inaugural occasion is register by sending an e-mail to network@peterparfait.com. For administrative ease and to keep costs down, only e-mail registration will be possible.
So, to re-cap: our first Property Investor Networking Evening will take place at 7pm on Monday October 4th in central London (the location will be sent by e-mail). Anyone is welcome to attend, but numbers will have to be limited, so send an expression of interest to network@peterparfait.com without delay. Entry will only cost £10. The 10-minute-speakers on September 4th will be Jonty Crossick of Ready 2 Rent and a second property professional of equal calibre.
If you cannot make London and would prefer to attend an event in another city, just let me know where and I’ll try to arrange it.
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And now a letter from a reader with an interesting mortgage offer. I can vouch for this, because it has just come across my desk, but it may be of further interest for your follow-up:

Peter,

I have been a subscriber for over a year now and congratulate you on a very informative publication.

I am a mortgage advisor by profession and have just come across a fantastic mortgage which allows me to benefit from an incredibly low interest rate (3.3%) with the ability to release 75% of the equity in my home for the purpose of property investment, 'without income verification', and I thought some of your other subscribers would benefit, similarly.

The huge selling point of this mortgage is the ability to qualify without income verification. This is not the same as falsely disclosing your income, which is something I could not recommend. This company feels that as long as there is a 25% equity retention, their loan is not at risk and therefore they don't bleed the customer to prove he can afford it. How many more people would be able to join the ranks of the property investor if they had access to the equity in their homes, without all the normal hassle?

My e-mail address is browninghotrods@hotmail.com and I would be quite happy to explain further to anyone who wants to take advantage of this opportunity.

This is an example of the remortgage that I have just arranged for myself.

Value of my house - £295,000
75% Loan Value - £221,250. This is the amount of equity I have released

£ 221,250 @ 3.3% Interest Only Mortgage = £730.12

Where can you borrow money that cheaply?

I have already earmarked some of this cash for a property I have just bought in Portugal, but the remainder will go into a savings account returning me 5.5%. From here it is instantly available for me to use as various oppotunities arise. The only downside is that the company offering this deal has a limited supply of funds so anyone wishing to take advantage would have to move very quickly,

Regards

Lindsay Naylor
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And here’s a note from a innovative finance company that I can highly recommend to you, as they have provided such an truly excellent service to so many of my readers over many years:

Residential Portfolio Finance
Business & Investment Finance specialise in unlocking equity within residential portfolios and providing facility lines to increase the size of portfolios. Many property investors with residential portfolios are equity rich and cash poor. This scenario reduces the ability of the investor to increase the portfolio at the pace they want to move at. Traditional high street lenders focus on lending a percentage of the value of the property, which does not allow the investor to achieve the results they want. Business & Investment Finance have negotiated with lenders to set up facilities normally available to large property companies.

The Portfolio Facility - The portfolio facility treats equity within a portfolio the same as cash and, under normal circumstances, allows investors to borrow three times the equity contained within the portfolio. Any existing mortgages need to be re-financed and the balance is set up as a pre-approved facility, thus enabling the investor to buy properties up to its limit with 100% funding. The facility can also be used to provide 100% funding of any refurbishment costs associated with the portfolio.

The benefit to investors is the knowledge that the funds are in place, enabling them to move with speed and leading to opportunities to buy properties at a discount to valuation. It also removes cash flow problems typically associated with refurbishment work.

Once the initial facility has been spent, it is possible to set up a new facility, if value has been added to the portfolio through upgrading the properties, or through an increase in market value. For example:

Portfolio valuation £1,500,000
Existing mortgages £500,000
Equity available £1,000,000

New portfolio facility: £500,000 re-finance of existing mortgages; £2,500,000 new portfolio facility to purchase and refurbish properties with 100% funding. The portfolio valuation once facility has been spent is £4,000,000.
If refurbishment of the properties had increased the portfolio value to £4,500,000, it would be possible to set up a further portfolio facility for £1,500,000. There are several versions available: if this example does not work with your portfolio, one of the other versions may be more suitable.

For information on this and other equally unique facilities, you should contact: Stuart Buchanan, Business & Investment Finance, 82 West Nile Street, Glasgow G1 2QH. Tel: 0141 332 2244 Fax: 0141 332 2228 Mobile: 07796 266710. E-mail: stuart@bifonline.co.uk

Reader Quote: “Stuart’s personal service has helped us to grow our property business. It’s always useful to have a finance company who is on your side.” Ged Duffy and Elizabeth Coquelin
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33% Discounted Spanish Property – Details Now Available From Website
As mentioned before in previous missives, the Spanish villa deal offered by Ready-2-Rent I really like, indeed so much so that I have invested myself. It’s truly excellent opportunity that you should explore.

They now have a 54-page, fully comprehensive e-brochure on the Costa Almeria development known as Los Cerros de Turre. Originally they spoke about a 30% discount to market value on this deal. In fact these villas are priced at just a fraction below 33% below market value. And this is in a region that is experiencing 20% plus growth. What is more, they can offer you lawyers, letting agents, furnishers and mortgage brokers to make the whole investment experience as painless as possible. For those that are over sixty or are self-employed and normally experience problems getting a foreign mortgage, they have in put in place a specialist broker to help you. In addition to the 33% discount, yields of over 6.5% are predicted with mortgages starting at 2.75% (so low because you are borrowing in euros).

The e-brochure, as presented by Ready-2-Rent, is the very best of its sort I have ever seen. In fact, I would challenge anyone to better it.

I would suggest that you at least take a look, even if you’re not interested in Spanish villas a third off the verified market price, just to see the quality of the information, as this is how all developments should be presented. Excellent stuff.
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I trust that these updates continue to assist with your property investment success.
Best regards,
Peter Parfait

The Positive Club

“You can’t manage what you can’t measure!”

I was talking to a friend of mine the other day and he was expressing concern about the performance of one of the salesmen in his company.

“ What’s the problem?” I asked.

“ Well, he seems a bit work-shy!” he replied.

I asked, “Does he provide you with daily or weekly or monthly reports on his activity and results?”

" No!”

“ Well” I continued, “You know as well as I do that you can’t manage what you can’t measure – and if you’re concerned about ‘what’ he’s doing perhaps it’s time to find out precisely what he does!”

In every area of our lives the expression can be applied. If we don’t know precisely what’s happening and where appropriate we don’t have the ‘numbers’, the ‘facts’, the ‘figures’ then how on earth will we know what we need to do to produce the results we want?

If you are not already a member of Government Auctions UK and which to gain access to the huge searchable database then please click here: http://www.governmentauctionsuk.com and hit the join button for a choice of subscription options.