Journal of Property Finance: Volume 1 Issue 2
Table of contents
Convertible Mortgages
David SproulDiscusses legal and tax issues surrounding the structuring ofconvertible mortgages. Concludes that convertible mortgages can bestructured in the UK, but the complexity from a tax…
An Approach to Property Joint Ventures
David Albert, John WatsonOverviews partnership structure and taxation. Explains JointVenture Company (JVC) structure, taxation and accounting. ComparesPartnership with JVC. Explores the possibility of…
The 50/50 Home Purchase Plan
Simon A. HillExplains the 50/50 Home Purchase Plan. Covers the background,advantages and risks of the plan from the developer′s and thepurchaser′s viewpoints. Makes recommendations on the…
Completion Risk Insurance
A. SouthExplains the insurance industry′s response to the problem ofdelayed completion of developments. Overviews some options open toowners wishing to lay off the completion risk…
The BES Market for Residential Development
Patrick WayExplains the background behind the Business Expansion Scheme (BES).Considers how BES can be used for residential development under theassured tenancy rules. Considers the way…
Why Do Institutions Invest in Property?
Y. Rydin, W. Rodney, C. OrrDiscusses the risk‐return profile of property investment. Reportson a telephone survey of financial institutions concerning propertyinvestment. Comments on the survey results…
Property Development Receiverships
Nigel VooghtDiscusses some problems associated with a developer′s insolvencypart way through a building project. Explains the role and duties of areceiver and an administrative receiver…
The Use of Computer Software for DCF Flow Analysis in the Context of the North American Real Estate Market
Michael PatrickCompares and contrasts commercial property leasing in the USA,Canada and the UK. Notes that the complexity of leasing arrangements inNorth America demand a discounted cash flow…
Futures Trading and Finance in the Housing Market
Gordon GemmillOverviews the conditions which are necessary for a futures marketin housing. Indicates some ways in which the new market might be used.Examines whether a national price index…
The Valuation of Shares in an Unquoted Property Company – Part 1
John FallaConsiders the difference between owning a share in a property assetand owning shares in a property company itself. Assesses variouscategories of activities, asset types, legal…
Recent Developments in Mortgage Documentation
N.M. Rees JonesReviews the effect recent (since 1983) legislation has had onmortgage documentation with particular reference to the Insolvency Act1986. Suggests that increased use of…
Funding Golf Course Development
Andrew Thorburn, Robert TiltscherComments on the demand for more golf clubs. Discusses the marketand investment potential for different types of course. Offersguidelines for developers. Outlines possible methods…
French Property Finance
Chris WatsonGives a general introduction to obtaining finance on domestic andcommercial properties in France. Points out some (to British eyes)unfamiliar aspects of French tax and property…