Afleveringen
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Rob discusses the controversial topic of selective licensing, looking into the implications of selective licensing on landlords in certain areas of the UK, particularly in England. The episode highlights how selective licensing can be seen as a cash generator for councils, creating more bureaucracy and expenses for landlords.
KEY TAKEAWAYS
Selective licensing is a process where landlords in certain areas are required to obtain a license for each property, leading to additional costs and bureaucracy.The implementation of selective licensing can result in councils having more power and potentially targeting good landlords for fines and penalties.Selective licensing can deter landlords from investing in certain areas, leading to a decrease in available rental properties and potentially driving up rents due to supply and demand.The scheme of selective licensing should ideally be non-profit to ensure that the income matches the outgoings.It is important to be cautious and aware of selective licensing regulations in the areas where you operate as a landlord or property investor.BEST MOMENTS
"Selective licensing is not a good thing. It gives councils too much power."
"Selective licensing is another way to bash landlords. It's another way to put a cost of business on the landlord."
"The challenge with selective licensing is what it can do is it gives the councils more power and then they will exacerbate that power."
"If landlords start selling up and first-time buyers start buying, or landlords sell up and there's no other landlords to buy, then the amount of stock available goes down."
VALUABLE RESOURCES
https://www.bbc.co.uk/news/articles/cxr33l9dx0yo
GET YOUR PROPERTY DEVELOPMENT FINANCE HERE:
https://propertyfundingplatform.com/WharfFinancial#!/borrowerinitialregistration
SOCIAL MEDIA/CONTACT US
https://linktr.ee/thepropertynomadspodcast
BOOKS
Property FAQs = https://amzn.to/3MWfcL4
Buy To Let: How To Get Started = https://amzn.to/3genjle
101 Top Property Tips = https://amzn.to/2NxuAQL
uk property, Investment, Property, Rent, Buy to let, Investing for beginners, Money, Tax, Renting, Landlords, strategies, invest, housing, properties, portfolio, estate agents, lettings, letting, business: https://patreon.com/tpnpodcast
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Rob discusses the Village Green Protection Law, dating back to 1857, and its impact on property development in the UK. The law allows certain areas to be designated as village greens, preventing any development or enclosure on the land. The episode highlights how residents are using this law to halt developers from building on specific plots of land, creating obstacles for increasing housing supply.
KEY TAKEAWAYS
The Village Green Protection Law, dating back to 1857, is being used by villagers and individuals to prevent developers from developing land.In order for land to be designated as a village green, it must have been used for sports, pastimes, and recreation for at least 20 consecutive years.Developers need to consider the Village Green Protection Law when looking at land for development, as more people are seeking to designate areas as village greens.Examples of the law being used include blocking a housing development in Bristol and designating a plot near a supermarket in Ashford, Kent, as a village green.Once land is designated as a village green, it cannot be developed or enclosed, regardless of ownership.BEST MOMENTS
"It pretty much means that that land is not able to be developed on. No matter who owns it, you are not allowed to develop on it, nor are you allowed to enclose that land either."
"You're in an area where you don't want development to happen. You're a nimby, as they say, not in my backyard. You don't want developments to happen. You want to be able to protect it somehow."
"If you are a developer and you're developing something or you're looking to develop something, you're going to have to now be aware of this law, the Village Green Protection Law from 1857."
"Purely because once something is designated as a village green, it cannot be developed or enclosed. Regardless of who owns what, it cannot be developed on."
VALUABLE RESOURCES
https://www.msn.com/en-gb/money/other/new-5-000-deposit-mortgage-allows-homeowners-to-borrow-up-to-99/ar-BB1kAyPG?cvid=a8d56fce268a490ed6c3e1a701b2dae2&ocid=winp2fptaskbar&ei=5&sc=shoreline
GET YOUR PROPERTY DEVELOPMENT FINANCE HERE:
https://propertyfundingplatform.com/WharfFinancial#!/borrowerinitialregistration
SOCIAL MEDIA/CONTACT US
https://linktr.ee/thepropertynomadspodcast
BOOKS
Property FAQs = https://amzn.to/3MWfcL4
Buy To Let: How To Get Started = https://amzn.to/3genjle
101 Top Property Tips = https://amzn.to/2NxuAQL
uk property, Investment, Property, Rent, Buy to let, Investing for beginners, Money, Tax, Renting, Landlords, strategies, invest, housing, properties, portfolio, estate agents, lettings, letting, business: https://patreon.com/tpnpodcast
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Zijn er afleveringen die ontbreken?
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Rob delves into the intricacies of leaseholds in this episode, focusing specifically on the importance of lease length when considering purchasing a leasehold property. Rob highlights the potential challenges that arise when a lease falls below 80 years, making it difficult to secure a mortgage and significantly increasing the cost of extending the lease. Listeners are advised to consult with a specialist solicitor and factor in the premium for extending the lease when evaluating the value of a property.
KEY TAKEAWAYS
When considering purchasing a leasehold property, it's crucial to pay attention to the length of the lease. Leases typically range between 99 and 125 years, with longer leases being more favourable.Extending a lease comes with a cost, which can significantly increase when the lease falls below 80 years. This can impact the property's value and the ability to secure lending.The premium for extending a lease can vary based on factors such as the property's value and the remaining lease length. It's essential to factor in these costs when buying a leasehold property.To extend a lease, there is an ownership test requirement, where the claimant must have owned the lease for two years before making a claim. This test can impact the premium for extending the lease.BEST MOMENTS
"There comes a point where if the length of the lease gets to a certain time frame, then it could become much more challenging to get a mortgage on that property."
"The cost, though, of increasing the length of lease significantly increases when the lease falls below 80 years. This normally means that lenders won't lend on it."
"Surprise, surprise, the government have proposed reforms to make it cheaper to extend short leases. But as with anything and everything that's been going on through the halls of Westminster, you probably won't be surprised to hear that that's going to take a while for that to go through."
"If, for example, a flat's worth £500,000, and it's got 81 years left on the lease, then the premium on extending that lease would be around about 11,000 pounds."
"General rule of thumb is that when a leasehold or when a lease is 80 years or less, then it becomes significantly more challenging to get any form of lending on it."
VALUABLE RESOURCES
https://www.msn.com/en-gb/money/other/new-5-000-deposit-mortgage-allows-homeowners-to-borrow-up-to-99/ar-BB1kAyPG?cvid=a8d56fce268a490ed6c3e1a701b2dae2&ocid=winp2fptaskbar&ei=5&sc=shoreline
GET YOUR PROPERTY DEVELOPMENT FINANCE HERE:
https://propertyfundingplatform.com/WharfFinancial#!/borrowerinitialregistration
SOCIAL MEDIA/CONTACT US
https://linktr.ee/thepropertynomadspodcast
BOOKS
Property FAQs = https://amzn.to/3MWfcL4
Buy To Let: How To Get Started = https://amzn.to/3genjle
101 Top Property Tips = https://amzn.to/2NxuAQL
uk property, Investment, Property, Rent, Buy to let, Investing for beginners, Money, Tax, Renting, Landlords, strategies, invest, housing, properties, portfolio, estate agents, lettings, letting, business: https://patreon.com/tpnpodcast
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Rob discusses five simple and cost-effective energy-saving measures that can be implemented in both homes and property portfolios. The measures include changing to LED lighting for energy efficiency, addressing air gaps around doors and windows, upgrading loft insulation to meet building regulations, maintaining radiators by bleeding them and adding reflective sheets, and insulating pipework to reduce energy consumption. Rob focusses on the importance of these measures in improving energy efficiency, reducing bills, and potentially increasing energy performance certificate ratings.
KEY TAKEAWAYS
Change over to LED lighting for energy efficiency and longer lifespan.Check for air gaps around doors and windows, and use draft excluders to retain heat.Upgrade loft insulation to meet building regulations and improve heat retention.Bleed radiators and add reflective sheets behind them to increase heat effectiveness.Insulate pipework to prevent freezing, maintain hot water temperature, and reduce overall energy consumption.BEST MOMENTS
"You could change your old halogen light bulbs to LED ones. This will help you become more energy efficient because the LED lights use less energy."
"Loft insulation might not be applicable to you if you live in a flat, but if you do have a roof area with insulation, check the depth and contact your energy supplier to upgrade it to meet building regulations."
"Bleed your radiators, add some foil behind them to reflect heat back into the room. That's quite useful."
"Having insulated pipes keeps things warmer for longer, reducing overall energy consumption and helping to reduce bills moving forward."
VALUABLE RESOURCES
https://www.msn.com/en-gb/money/other/new-5-000-deposit-mortgage-allows-homeowners-to-borrow-up-to-99/ar-BB1kAyPG?cvid=a8d56fce268a490ed6c3e1a701b2dae2&ocid=winp2fptaskbar&ei=5&sc=shoreline
GET YOUR PROPERTY DEVELOPMENT FINANCE HERE:
https://propertyfundingplatform.com/WharfFinancial#!/borrowerinitialregistration
SOCIAL MEDIA/CONTACT US
https://linktr.ee/thepropertynomadspodcast
BOOKS
Property FAQs = https://amzn.to/3MWfcL4
Buy To Let: How To Get Started = https://amzn.to/3genjle
101 Top Property Tips = https://amzn.to/2NxuAQL
uk property, Investment, Property, Rent, Buy to let, Investing for beginners, Money, Tax, Renting, Landlords, strategies, invest, housing, properties, portfolio, estate agents, lettings, letting, business: https://patreon.com/tpnpodcast
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Rob delves into the complexities and issues surrounding leasehold properties in England and Wales. He highlights the challenges faced by leaseholders, such as escalating ground rent and service charges, as well as the low threshold for repossession if payments are not made. Rob also touches on the proposed Leasehold Reform Bill, which aims to ban the creation of new leasehold houses and make it easier for leaseholders to buy their freeholds.
KEY TAKEAWAYS
The government is considering the Leasehold Reform Bill to ban the creation of new leasehold houses in England and Wales and make it easier for leaseholders to buy their freeholds.Currently, a leasehold property can be repossessed if the leaseholder owes as little as £350, which is considered a low amount and needs to be increased.It is crucial for individuals considering buying a leasehold property to conduct thorough research, especially regarding ground rent and service charges, and to engage a solicitor to review all agreements.Freeholders are urged to set fair charges and not take advantage of leaseholders, as unethical practices can tarnish the reputation of the housing market.BEST MOMENTS
"A freehold basically means that you own the land that the buildings are on, and therefore you've pretty much got the right to do what you need and want to do."
"£350 is what is all it takes at the moment for a property to potentially be repossessed if that's what the leaseholder owes. And that's not good."
"Leasehold houses, modern leasehold houses, are just a bad idea in general, because people, if you're buying, especially if you're buying a house, and it's leasehold, that to me just spells danger."
"The Leasehold Bill, it's making its way through Parliament. This would ban the creation of new leasehold houses in England and Wales. It would also make it easier for leaseholders to buy their freeholds."
"From a freeholder point of view, dear freeholders, I understand there's a lot of things, costs out there, but do not rip people off because this is then painting everyone in a bad light."
VALUABLE RESOURCES
https://www.msn.com/en-gb/money/other/new-5-000-deposit-mortgage-allows-homeowners-to-borrow-up-to-99/ar-BB1kAyPG?cvid=a8d56fce268a490ed6c3e1a701b2dae2&ocid=winp2fptaskbar&ei=5&sc=shoreline
GET YOUR PROPERTY DEVELOPMENT FINANCE HERE:
https://propertyfundingplatform.com/WharfFinancial#!/borrowerinitialregistration
SOCIAL MEDIA/CONTACT US
https://linktr.ee/thepropertynomadspodcast
BOOKS
Property FAQs = https://amzn.to/3MWfcL4
Buy To Let: How To Get Started = https://amzn.to/3genjle
101 Top Property Tips = https://amzn.to/2NxuAQL
uk property, Investment, Property, Rent, Buy to let, Investing for beginners, Money, Tax, Renting, Landlords, strategies, invest, housing, properties, portfolio, estate agents, lettings, letting, business: https://patreon.com/tpnpodcast
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Rob discusses the government's backtracking on the no-fault eviction ban, specifically focusing on Michael Gove's inability to guarantee its implementation before the next election. The episode delves into the complexities of the housing crisis, highlighting the perspectives of both landlords and tenants on the issue
KEY TAKEAWAYS
The government is backtracking on the no-fault eviction ban, with uncertainty about its implementation before the next election.There are two sides to the debate on no-fault evictions, with landlords wanting the option for scenarios where they need the property back quickly, while tenants seek security and stability.The government's promises regarding the no-fault eviction ban have been inconsistent, leading to skepticism about its actual implementation.The issue of no-fault evictions currently only applies to England.It is suggested to wait for the new government to see how they handle the no-fault eviction ban issue.BEST MOMENTS
"The government have had this in place since I believe 2019 and they've wanted to bring this in and then some pandemics and all that sort of stuff that pushed things to the back burner."
"There's many reasons why demand is much higher than supply at the moment, and that's not going to change."
"Landlord's point of view is quite simple. We still want no full evictions because there are scenarios where we want the property back or if a tenant's been very difficult."
"Tenants want security, they want to be able to get by day to day, knowing that they've got that medium to long term security."
VALUABLE RESOURCES
https://www.msn.com/en-gb/money/other/new-5-000-deposit-mortgage-allows-homeowners-to-borrow-up-to-99/ar-BB1kAyPG?cvid=a8d56fce268a490ed6c3e1a701b2dae2&ocid=winp2fptaskbar&ei=5&sc=shoreline
GET YOUR PROPERTY DEVELOPMENT FINANCE HERE:
https://propertyfundingplatform.com/WharfFinancial#!/borrowerinitialregistration
SOCIAL MEDIA/CONTACT US
https://linktr.ee/thepropertynomadspodcast
BOOKS
Property FAQs = https://amzn.to/3MWfcL4
Buy To Let: How To Get Started = https://amzn.to/3genjle
101 Top Property Tips = https://amzn.to/2NxuAQL
uk property, Investment, Property, Rent, Buy to let, Investing for beginners, Money, Tax, Renting, Landlords, strategies, invest, housing, properties, portfolio, estate agents, lettings, letting, business: https://patreon.com/tpnpodcast
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Rob discusses a new property strategy that may be available for property investors to explore. With many councils facing financial struggles and looking to sell off assets to cover liabilities, there is a unique opportunity for property developers and investors to potentially acquire land or buildings at discounted rates. Rob encourages you to reach out to your local council, particularly those in financial distress, to explore potential opportunities for collaboration or investment.
KEY TAKEAWAYS
A new property strategy may be available through local councils selling assets to fund liabilities.Property developers and investors can benefit from contacting struggling councils to potentially purchase assets at discounted rates.It is advisable to reach out to local councils, such as Nottinghamshire City Council or Birmingham City Council, who are aiming to raise funds through asset sales.Building a win-win situation with councils by offering to purchase assets or potentially joint venture with them can be advantageous.Success stories from engaging with councils should be shared, and support for the podcast by liking, subscribing, and checking out the YouTube channel is encouraged.BEST MOMENTS
"There might be a new property strategy available and there might even be a new way to obtain quite a lot of property."
"Selling assets to pay for your liabilities is not a good thing, you need to do it the other way around."
"You could be in a very good position to help your council. What you need to do is to just get in contact with them."
"There are always opportunities out there, and for the sake of reaching out to your council, you never know what you might end up with."
VALUABLE RESOURCES
https://www.msn.com/en-gb/money/other/new-5-000-deposit-mortgage-allows-homeowners-to-borrow-up-to-99/ar-BB1kAyPG?cvid=a8d56fce268a490ed6c3e1a701b2dae2&ocid=winp2fptaskbar&ei=5&sc=shoreline
GET YOUR PROPERTY DEVELOPMENT FINANCE HERE:
https://propertyfundingplatform.com/WharfFinancial#!/borrowerinitialregistration
SOCIAL MEDIA/CONTACT US
https://linktr.ee/thepropertynomadspodcast
BOOKS
Property FAQs = https://amzn.to/3MWfcL4
Buy To Let: How To Get Started = https://amzn.to/3genjle
101 Top Property Tips = https://amzn.to/2NxuAQL
uk property, Investment, Property, Rent, Buy to let, Investing for beginners, Money, Tax, Renting, Landlords, strategies, invest, housing, properties, portfolio, estate agents, lettings, letting, business: https://patreon.com/tpnpodcast
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Rob looks into the crucial topic of choosing the right lettings agent for managing rental properties. He discusses the two main ways to manage a property portfolio: self-management or working with a lettings agent. He also provides valuable insights on finding a local lettings agent with good knowledge and reputation, emphasising the importance of building a strong relationship with the agent.
KEY TAKEAWAYS
Choosing the right lettings agent involves deciding between self-management or working with a lettings agent.It is ideal to find a local lettings agent with good knowledge and reputation in the area where the property is located.When selecting a lettings agent, consider factors such as proximity to the property, independence vs. national chain affiliation, and reviews from both landlords and tenants.Avoid haggling too much on lettings agent fees as quality of service often correlates with the fee.Prioritise finding the right tenant for the property over simply aiming for the highest rent, as a good tenant can be invaluable in the long run.BEST MOMENTS
"Knowledge is power. That is what you're looking for. You are ideally looking for a local lettings agent Hopefully that's been around for a little while, they know the area, they know the streets, like the back of their hand, perfect."
"A property is a relationship. Business, it's a people business. Working with the right people is key."
"Don't haggle too much on the lettings agent fee, you get what you pay for."
"Ultimately, at the end of the day, you then just go with gut instinct, you have to go if you got instinct, we can say, not fair for us to mention names, we're not going to do that."
VALUABLE RESOURCES
https://www.msn.com/en-gb/money/other/new-5-000-deposit-mortgage-allows-homeowners-to-borrow-up-to-99/ar-BB1kAyPG?cvid=a8d56fce268a490ed6c3e1a701b2dae2&ocid=winp2fptaskbar&ei=5&sc=shoreline
GET YOUR PROPERTY DEVELOPMENT FINANCE HERE:
https://propertyfundingplatform.com/WharfFinancial#!/borrowerinitialregistration
SOCIAL MEDIA/CONTACT US
https://linktr.ee/thepropertynomadspodcast
BOOKS
Property FAQs = https://amzn.to/3MWfcL4
Buy To Let: How To Get Started = https://amzn.to/3genjle
101 Top Property Tips = https://amzn.to/2NxuAQL
uk property, Investment, Property, Rent, Buy to let, Investing for beginners, Money, Tax, Renting, Landlords, strategies, invest, housing, properties, portfolio, estate agents, lettings, letting, business: https://patreon.com/tpnpodcast
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Rob discusses the current favourable market conditions for landlords in the UK rental property sector. With 10 renters applying for every rental property on average, landlords are in a strong position to rent out their properties and potentially increase rents. Rob highlights the imbalance between housing demand and supply, attributing it to government policies and planning issues.
KEY TAKEAWAYS
Demand for rental properties is currently exceeding supply, with an average of 10 renters applying for every rental property.Landlords are in a favourable position to rent out their properties and be more flexible with rents due to high demand.Rental amounts have been increasing due to the imbalance between supply and demand, making it a good time to be a landlord.Economic factors such as rent increases offsetting mortgage rate hikes contribute to landlords potentially running at a profit.Selectivity in choosing tenants and adjusting rents based on market demand can work in favour of landlords, but finding the right balance is crucial.BEST MOMENTS
"Apparently there are 10 renters applying for every rental property out there. This puts us landlords in a very good position for a couple of reasons."
"If your rate of return is higher than the rate of inflation and all of the above and you've done your numbers and you're still making money or currency, as I would call it, then Happy Days."
"It puts us landlords in a really good position in order to be more selective on the tenants that we're putting in to our properties."
VALUABLE RESOURCES
https://www.msn.com/en-gb/money/other/new-5-000-deposit-mortgage-allows-homeowners-to-borrow-up-to-99/ar-BB1kAyPG?cvid=a8d56fce268a490ed6c3e1a701b2dae2&ocid=winp2fptaskbar&ei=5&sc=shoreline
GET YOUR PROPERTY DEVELOPMENT FINANCE HERE:
https://propertyfundingplatform.com/WharfFinancial#!/borrowerinitialregistration
SOCIAL MEDIA/CONTACT US
https://linktr.ee/thepropertynomadspodcast
BOOKS
Property FAQs = https://amzn.to/3MWfcL4
Buy To Let: How To Get Started = https://amzn.to/3genjle
101 Top Property Tips = https://amzn.to/2NxuAQL
uk property, Investment, Property, Rent, Buy to let, Investing for beginners, Money, Tax, Renting, Landlords, strategies, invest, housing, properties, portfolio, estate agents, lettings, letting, business: https://patreon.com/tpnpodcast
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Rob discusses the issue of households wasting money on energy bills due to poor insulation, with millions reportedly wasting £500 a year. He provides advice on how to lower energy bills by improving insulation in homes, covering areas such as wall cavity, loft, floor insulation, and double glazing
KEY TAKEAWAYS
Millions of households are wasting £500 a year on energy bills due to poor insulation.Ways to improve energy efficiency include checking wall cavity, loft, floor insulation, and double glazing.Local councils may offer funding for home improvements to increase efficiency.Consider options like loft insulation, wall insulation, and floor insulation to reduce heat loss.Be cautious when choosing companies for home improvements and consider going through the council for familiarity and comfort.BEST MOMENTS
"There's a lot of talk as always about insulation and people wasting a lot of unnecessary cash on energy."
"So in short, yes, we're slowly getting better at having more economical homes. But we're a long way off from where we need to be."
"If there is funding available to get loft installation or wall installation, and you're going to get it installed for free or with a minor contribution, then it's worth looking at, absolutely."
"Just beware if you're doing it on the outside of your home that will change the appearance of your home if you're doing it on the inside that will decrease the usable floor space."
"I would always say through experience, be careful and do your homework on all the other companies maybe that are offering these services because if they're not regulated or they haven't got the right certificates or the right requirements, then, you know, that could lead to disaster."
VALUABLE RESOURCES
https://www.msn.com/en-gb/money/other/millions-of-households-wasting-500-a-year-on-energy-bills-due-to-poor-insulation/ar-BB1ljO52?cvid=afb6593848da4136bbd945ad7983a713&ocid=winp2fptaskbar&ei=13&sc=shoreline
GET YOUR PROPERTY DEVELOPMENT FINANCE HERE:
https://propertyfundingplatform.com/WharfFinancial#!/borrowerinitialregistration
SOCIAL MEDIA/CONTACT US
https://linktr.ee/thepropertynomadspodcast
BOOKS
Property FAQs = https://amzn.to/3MWfcL4
Buy To Let: How To Get Started = https://amzn.to/3genjle
101 Top Property Tips = https://amzn.to/2NxuAQL
uk property, Investment, Property, Rent, Buy to let, Investing for beginners, Money, Tax, Renting, Landlords, strategies, invest, housing, properties, portfolio, estate agents, lettings, letting, business: https://patreon.com/tpnpodcast
-
Rob delves into the topic of leasehold properties and whether leasehold is a dying concept in the real estate market. He talks about the issues surrounding leasehold properties, such as escalating service charges, ground rent fees, and unscrupulous developer practices, emphasising the importance of thorough research and due diligence when considering purchasing a leasehold property, and highlighting the potential pitfalls and risks involved.
KEY TAKEAWAYS
Understanding the differences between leasehold and freehold properties is crucial when considering purchasing a property.Buyers must conduct thorough research and due diligence before purchasing a leasehold property to avoid potential issues with service charges, ground rent fees, and lease lengths.The trust between buyers and developers in the leasehold market is diminishing due to issues such as high service charges, ground rent fees, and poor construction practices.Social media plays a significant role in highlighting issues within the leasehold market, potentially leading to a decline in trust and interest in leasehold properties.Having a reliable team of professionals, including a good solicitor and mortgage broker, is essential when navigating the complexities of purchasing a leasehold property to avoid getting trapped in unfavourable situations.BEST MOMENTS
"Leasehold, I think, is slowly dying a death. Not just because there's government reforms and things like that, it's because the trust is starting to go between people that are buying and developers and everything to do with leasehold."
"From a buyer point of view, you've always got to be careful and aware of what you're buying, why you're buying it, and what all of these caveats are."
"From a developer's point of view, stop taking the piss and stop milking it, because not only are you going to give yourself a bad reputation, you're then going to affect everyone else in the market."
VALUABLE RESOURCES
GET YOUR PROPERTY DEVELOPMENT FINANCE HERE:
https://propertyfundingplatform.com/WharfFinancial#!/borrowerinitialregistration
SOCIAL MEDIA/CONTACT US
https://linktr.ee/thepropertynomadspodcast
BOOKS
Property FAQs = https://amzn.to/3MWfcL4
Buy To Let: How To Get Started = https://amzn.to/3genjle
101 Top Property Tips = https://amzn.to/2NxuAQL
uk property, Investment, Property, Rent, Buy to let, Investing for beginners, Money, Tax, Renting, Landlords, strategies, invest, housing, properties, portfolio, estate agents, lettings, letting, business: https://patreon.com/tpnpodcast
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Rob looks into the topic of garage conversions and whether or not planning permission is required for such projects. He explains the concept of integral garages and how they are integrated into the dwelling, and highlights the importance of checking with local councils, planning consultants, and architects to determine if planning permission is needed based on factors like covenants, Article 4 restrictions, and parking issues in the area.
KEY TAKEAWAYS
Garage conversions may or may not require planning permission, depending on various factors such as local covenants and Article 4 restrictions.Integral garages are integrated into the dwelling, and converting them into living spaces or offices may fall under permitted development.It is essential to consult with local councils, planning consultants, and architects to determine the need for planning permission.Some councils may have Article 4 directions that remove specific permitted development rights, especially if there are parking issues in the area.When converting a garage, it is crucial to consider building regulations, insulation, and proper construction to ensure the new space is functional and attractive.BEST MOMENTS
"A lot of people are either using it for storage or in a few cases people are just not even using their garage full stop and they might want to convert that into a living space or an office or sometimes even a bedroom."
"The best people to ask would be your council, purely because, again, this is all area dependent."
"If your council believes there's an ongoing parking problem, it might use such a thing called an Article 4 to remove your right to convert your garage under permitted development."
"Always look at your insulation and that sort of stuff as well. Specifically the floor, because it will be a solid floor, so putting some scree down or some form of solid floor insulation, again, would be a very prudent thing to do."
VALUABLE RESOURCES
https://www.msn.com/en-gb/money/other/i-want-to-convert-my-garage-do-we-need-planning-permission-to-replace-the-door-with-a-window/ar-BB1kF4wW?cvid=fa024c0aebc644d7bf9604765ff4c53c&ocid=winp2fptaskbar&ei=6&sc=shoreline
GET YOUR PROPERTY DEVELOPMENT FINANCE HERE:
https://propertyfundingplatform.com/WharfFinancial#!/borrowerinitialregistration
SOCIAL MEDIA/CONTACT US
https://linktr.ee/thepropertynomadspodcast
BOOKS
Property FAQs = https://amzn.to/3MWfcL4
Buy To Let: How To Get Started = https://amzn.to/3genjle
101 Top Property Tips = https://amzn.to/2NxuAQL
uk property, Investment, Property, Rent, Buy to let, Investing for beginners, Money, Tax, Renting, Landlords, strategies, invest, housing, properties, portfolio, estate agents, lettings, letting, business: https://patreon.com/tpnpodcast
-
Rob discusses recent proposals by the SNP in Scotland that could potentially impact landlords and tenants. He delves into the idea of giving tenants the legal right to keep pets and redecorate their rented homes, however, he strongly criticises the SNP's plan to ban landlords from hiking rents, citing historical evidence and economic principles that suggest such interventions are ineffective.
KEY TAKEAWAYS
Landlords in Scotland could potentially be banned from rent hikes under the SNP clampdown.Tenants in Scotland may be given the legal right to keep pets and redecorate their rented homes.Landlords can address concerns about pets and redecoration by updating their tenancy agreements to specify responsibilities.Government intervention with price controls, as seen in Scotland, has not proven effective in the past.The potential ban on rent hikes for landlords in Scotland may lead to market instability when the restriction is lifted.BEST MOMENTS
"Landlords could then be banned from rent hikes under the clampdown. Now, this is absolutely crazy."
"Price controls do not work... putting a lid on the rent controls means the minute the foot's taken off the gas, boom, It all explodes."
"But no, of course, politicians being politicians and because they need to be seen to do something and no one seems to have an interest in history or price edicts or price controls."
"Let the free market do what a free market needs to do... It's not going to work now."
VALUABLE RESOURCES
https://www.msn.com/en-gb/money/homes-property/landlords-could-be-banned-from-rent-hikes-under-radical-snp-clampdown-which-could-also-give-tenants-the-legal-right-to-keep-pets-and-redecorate-their-rented-homes/ar-BB1kEYe4?cvid=7e399aa6d20945a1d6b7fd813f9f0b52&ocid=winp2fptaskbar&ei=11&sc=shoreline
GET YOUR PROPERTY DEVELOPMENT FINANCE HERE:
https://propertyfundingplatform.com/WharfFinancial#!/borrowerinitialregistration
SOCIAL MEDIA/CONTACT US
https://linktr.ee/thepropertynomadspodcast
BOOKS
Property FAQs = https://amzn.to/3MWfcL4
Buy To Let: How To Get Started = https://amzn.to/3genjle
101 Top Property Tips = https://amzn.to/2NxuAQL
uk property, Investment, Property, Rent, Buy to let, Investing for beginners, Money, Tax, Renting, Landlords, strategies, invest, housing, properties, portfolio, estate agents, lettings, letting, business: https://patreon.com/tpnpodcast
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Rob discusses the return of 99% loan-to-value mortgages, specifically focusing on a fee-free deal offered by Yorkshire Building Society for first-time buyers. While this may seem like a great opportunity, Rob stresses the importance of understanding the potential risks and economic factors involved in high loan-to-value mortgages.
KEY TAKEAWAYS
99% loan-to-value mortgages are back, but it's crucial to consider the potential risks and implications.Yorkshire Building Society is offering a fee-free deal for first-time buyers with a £5,000 deposit and the ability to borrow up to 99% of the property value.It's essential to understand the general economics of housing before committing to high loan-to-value mortgages to avoid potential pitfalls.Having a plan B in case the market turns against you is crucial when opting for high loan-to-value mortgages to prevent becoming a mortgage prisoner.Consider all economic possibilities, especially if taking out a five-year fixed mortgage, to make informed decisions about purchasing or refinancing a property.BEST MOMENTS
"But the thing with 99% mortgage or the thing with high loan to value mortgages is you've got to be very careful."
"A lot of people don't seem to take into account the general economics of housing. And that's quite concerning."
"You have to have a plan B for if the market turns against you."
"Please try and understand the generic economics of what's going on at the moment."
VALUABLE RESOURCES
https://www.msn.com/en-gb/money/other/new-5-000-deposit-mortgage-allows-homeowners-to-borrow-up-to-99/ar-BB1kAyPG?cvid=a8d56fce268a490ed6c3e1a701b2dae2&ocid=winp2fptaskbar&ei=5&sc=shoreline
GET YOUR PROPERTY DEVELOPMENT FINANCE HERE:
https://propertyfundingplatform.com/WharfFinancial#!/borrowerinitialregistration
SOCIAL MEDIA/CONTACT US
https://linktr.ee/thepropertynomadspodcast
BOOKS
Property FAQs = https://amzn.to/3MWfcL4
Buy To Let: How To Get Started = https://amzn.to/3genjle
101 Top Property Tips = https://amzn.to/2NxuAQL
uk property, Investment, Property, Rent, Buy to let, Investing for beginners, Money, Tax, Renting, Landlords, strategies, invest, housing, properties, portfolio, estate agents, lettings, letting, business: https://patreon.com/tpnpodcast
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Rob delves into the topic of solar panel installations and explores why 16% of homeowners with solar panels claim that the technology isn't saving them money on their energy bills. He highlights key factors to consider when installing solar panels, such as roof space, compass position, shading, equipment placement, cabling, and living habits, emphasising the importance of proper installation and understanding how to maximise the benefits of solar panels based on individual circumstances.
KEY TAKEAWAYS
16% of homeowners with solar panels say the technology isn't saving them money on their energy bills.Factors affecting the effectiveness of solar panel installations include roof space, compass position, shading, and equipment placement.Due south is the best roof position for solar panels, but other directions can work with proper considerations.Consider how you use your home daily when deciding on solar panels to maximise benefits.84% of solar panel owners reported lower energy bills, highlighting the potential benefits if installations are done correctly.BEST MOMENTS
"16% of homeowners with solar panels say that the technology isn't saving them money on their energy bills."
"Due south is the best that you can have. For panels, if you're not lucky enough to have a due south roof, then again, look at your compass position."
"Shading's very important because you might have a very, very good roof and a big roof and good compass position, all that sort of stuff."
"Most people like to put them in the lofts. I don't think that's always a wise idea because a battery is a bit of equipment."
"The point being that if you are thinking of getting solar panels installed, you have to look at a number of things."
VALUABLE RESOURCES
https://www.msn.com/en-gb/money/other/how-16-of-homes-with-solar-panels-say-the-tech-isn-t-saving-them-money-on-their-energy-bills/ar-BB1kmpmp?cvid=5012bb6181444ad98b2cdaac7ba77316&ocid=winp2fptaskbar&ei=17&sc=shoreline
GET YOUR DEVELOPMENT FINANCE HERE:
https://propertyfundingplatform.com/WharfFinancial#!/borrowerinitialregistration
SOVEREIGN MAN PREMIUM INTELLIGENCE MEMBERSHIP https://dash.sovereignman.com/a/smc12m995/tpnpodcast
SOVEREIGN MAN 4th PILLAR https://dash.sovereignman.com/a/4pmain/tpnpodcast
WEALTH BUILDERS https://www.wealthbuilders.co.uk/propertynomad
ABOUT THE HOST
Rob Smallbone is the author of the Amazon best-seller Buy-To-Let: How To Get Started as well as 101 Top Property Tips and Property FAQ’s.
BOOKS
Property FAQs = https://amzn.to/3MWfcL4
Buy To Let: How To Get Started = https://amzn.to/3genjle
101 Top Property Tips = https://amzn.to/2NxuAQL
WHERE TO FIND US
https://linktr.ee/thepropertynomadspodcast
uk property, Investment, Property, Rent, Buy to let, Investing for beginners, Money, Tax, Renting, Landlords, strategies, invest, housing, properties, portfolio, estate agents, lettings, letting, business: https://patreon.com/tpnpodcast
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Rob discusses the impact of the Tory planning reforms in the UK housing market. The National Planning Policy Framework (NPPF) has removed mandatory house building targets and reduced the land supply councils need to allocate for housing. This has led to a decrease in planning permissions and an increase in rejected applications, ultimately exacerbating the housing crisis. The episode highlights the challenges of increasing housing supply and the potential political undertones influencing these decisions.
KEY TAKEAWAYS
UK housing market is facing challenges due to Tory planning reforms that have reduced land supply for housing.The National Planning Policy Framework (NPPF) has led to a decrease in planning permissions, exacerbating price movements in the housing market.There is a lack of progress in meeting the target of building 300,000 homes a year by the mid-2020s, leading to frustration among stakeholders.The government's policies, including the MPPF, are seen as contributing to the restriction of new housing developments by local authorities.Increasing housing supply is crucial to address the high demand and affordability issues in the UK property market.BEST MOMENTS
"Increasing the supply of housing is very, very useful. But what this policy framework has done is having the opposite effect."
"Maybe the government wants to keep the backbenchers happy and remove smaller house builders to eliminate competition."
"The MPPF has given local authorities more leeway to reject new housing, exacerbating the situation."
"It's becoming increasingly challenging to rent, build, or buy a home in the UK, all stemming from Westminster's policies."
VALUABLE RESOURCES
https://www.msn.com/en-gb/news/uknews/uk-housing-developments-axed-as-tory-planning-reforms-take-effect/ar-BB1kfWyE?cvid=87088dd65b9744d9a41133bf87f4451d&ocid=winp2fptaskbar&ei=3&sc=shoreline
GET YOUR DEVELOPMENT FINANCE HERE:
https://propertyfundingplatform.com/WharfFinancial#!/borrowerinitialregistration
SOVEREIGN MAN PREMIUM INTELLIGENCE MEMBERSHIP https://dash.sovereignman.com/a/smc12m995/tpnpodcast
SOVEREIGN MAN 4th PILLAR https://dash.sovereignman.com/a/4pmain/tpnpodcast
WEALTH BUILDERS https://www.wealthbuilders.co.uk/propertynomad
ABOUT THE HOST
Rob Smallbone is the author of the Amazon best-seller Buy-To-Let: How To Get Started as well as 101 Top Property Tips and Property FAQ’s.
BOOKS
Property FAQs = https://amzn.to/3MWfcL4
Buy To Let: How To Get Started = https://amzn.to/3genjle
101 Top Property Tips = https://amzn.to/2NxuAQL
WHERE TO FIND US
https://linktr.ee/thepropertynomadspodcast
uk property, Investment, Property, Rent, Buy to let, Investing for beginners, Money, Tax, Renting, Landlords, strategies, invest, housing, properties, portfolio, estate agents, lettings, letting, business: https://patreon.com/tpnpodcast
-
Rob discusses the council cladding chaos in the countryside, highlighting the challenges faced in balancing heritage and sustainability in property development. He focuses on a case study of a homeowner in Wiltshire who was ordered to remove £32,000 worth of cladding due to its unsympathetic appearance in a conservation area. The homeowner had installed the cladding to combat black mold and improve energy efficiency, but faced opposition from the council. The episode raises questions about the conflict between heritage preservation and eco-friendly initiatives, emphasising the need for a more collaborative approach between homeowners and local councils.
KEY TAKEAWAYS
Council cladding chaos in the countryside highlights the challenges of balancing heritage and sustainability in property development.A homeowner in Wiltshire faced issues with the council over cladding that was installed to treat mould, which was deemed unsympathetic to the area.The homeowner's efforts to improve energy efficiency and combat damp issues were met with resistance from the council due to the altered appearance of the property in a conservation area.The case underscores the conflict between local councils focusing on heritage preservation and the national drive for sustainability, creating obstacles for property owners seeking eco-friendly solutions.The lack of cooperation and flexibility from the council in addressing the homeowner's concerns raises questions about the need for a more balanced approach to heritage and sustainability in property development.BEST MOMENTS
"He's been told he must tear down £32,000 worth of cladding that he put on his home to treat mould after a council ruled that it looks unsympathetic to the area."
"He said the council refused to engage. It got given an enforcement notice in February 2023. And he is holding his hands up saying, yeah, OK, you know, it's not my intention to make all these, you know, to make mistakes."
VALUABLE RESOURCES
https://www.msn.com/en-gb/travel/news/man-must-tear-down-cladding-he-put-on-home-to-treat-mould-after-council-ruling/ar-BB1jOv9a?cvid=f488dbefb06742acc3970c7627f390a8&ocid=winp2fptaskbar&ei=12&sc=shoreline
GET YOUR DEVELOPMENT FINANCE HERE:
https://propertyfundingplatform.com/WharfFinancial#!/borrowerinitialregistration
SOVEREIGN MAN PREMIUM INTELLIGENCE MEMBERSHIP https://dash.sovereignman.com/a/smc12m995/tpnpodcast
SOVEREIGN MAN 4th PILLAR https://dash.sovereignman.com/a/4pmain/tpnpodcast
WEALTH BUILDERS https://www.wealthbuilders.co.uk/propertynomad
ABOUT THE HOST
Rob Smallbone is the author of the Amazon best-seller Buy-To-Let: How To Get Started as well as 101 Top Property Tips and Property FAQ’s.
BOOKS
Property FAQs = https://amzn.to/3MWfcL4
Buy To Let: How To Get Started = https://amzn.to/3genjle
101 Top Property Tips = https://amzn.to/2NxuAQL
WHERE TO FIND US
https://linktr.ee/thepropertynomadspodcast
uk property, Investment, Property, Rent, Buy to let, Investing for beginners, Money, Tax, Renting, Landlords, strategies, invest, housing, properties, portfolio, estate agents, lettings, letting, business: https://patreon.com/tpnpodcast
-
Rob discusses the government's plans to double council tax for empty homes in an effort to bring more properties into use and address housing shortages. The Department for Levelling Up is proposing to reduce the time before charging double council tax from two years to one year for empty properties. However, inherited properties will be exempt from this increase for up to 12 months to support grieving families. The Strengthened Empty Homes Premium is set to take effect in April 2024, with the increased revenue going to local authorities. Rob questions the effectiveness of doubling council tax on wealthy individuals who own second homes, suggesting it may not incentivise them to sell.
KEY TAKEAWAYS
Council tax in England is set to increase by 4.99%, affecting most councils.The government plans to double council tax for empty homes in an effort to bring more properties into use.The Strengthened Empty Homes Premium will come into effect in April 2024, with the effects not being felt until April 2025.The extra money raised from the increased council tax will go to local authorities, who can spend it as they see fit.The government's aim is to make housing more affordable for local residents, but the effectiveness of doubling council tax for empty homes is questionable, especially for wealthy individuals with second homes.BEST MOMENTS
"Long-term empty properties are shutting local families and young people out of the housing market."
"If you are rich enough to afford a second home and leave it empty, doubling the council tax probably won't work."
"It's always a bit of a pill to swallow because some person at Westminster thinks this is a really good idea."
"The extra money raised will go to local authorities who can spend it as they like, which means it will probably get spent badly or inappropriately."
VALUABLE RESOURCES
GET YOUR DEVELOPMENT FINANCE HERE:
https://propertyfundingplatform.com/WharfFinancial#!/borrowerinitialregistration
SOVEREIGN MAN PREMIUM INTELLIGENCE MEMBERSHIP https://dash.sovereignman.com/a/smc12m995/tpnpodcast
SOVEREIGN MAN 4th PILLAR https://dash.sovereignman.com/a/4pmain/tpnpodcast
WEALTH BUILDERS https://www.wealthbuilders.co.uk/propertynomad
ABOUT THE HOST
Rob Smallbone is the author of the Amazon best-seller Buy-To-Let: How To Get Started as well as 101 Top Property Tips and Property FAQ’s.
BOOKS
Property FAQs = https://amzn.to/3MWfcL4
Buy To Let: How To Get Started = https://amzn.to/3genjle
101 Top Property Tips = https://amzn.to/2NxuAQL
WHERE TO FIND US
https://linktr.ee/thepropertynomadspodcast
uk property, Investment, Property, Rent, Buy to let, Investing for beginners, Money, Tax, Renting, Landlords, strategies, invest, housing, properties, portfolio, estate agents, lettings, letting, business: https://patreon.com/tpnpodcast
-
Rob discusses the impact of government policies on the cost of boilers and heat pumps for homeowners, landlords, and tenants. The government's Clean Heat Market Mechanism, aimed at promoting heat pumps and reducing carbon emissions, has led to fines for boiler manufacturers if heat pump installation targets are not met. In response, boiler companies have increased their prices, passing on the cost to consumers. The episode highlights the disconnect between what the government wants and what people actually need, ultimately resulting in increased expenses for everyone involved.
KEY TAKEAWAYS
The government announced plans to introduce penalties for missed heat pump installation targets, leading to a price hike in gas boilers by manufacturers.The price increase in boilers ultimately affects consumers, including landlords and homeowners, who may face higher costs for new installations.The government's push for heat pumps under the guise of net zero and carbon emissions has led to backlash and criticism from individuals like Andrea Jenkins, a Conservative MP.The government's interference in the market has resulted in increased costs for consumers and landlords, potentially leading to rent hikes and financial burdens for working people.BEST MOMENTS
"Boiler manufacturers have been hiking prices of gas boilers because the government announced penalties for missed heat pump installation targets."
"Government want one thing, and they're telling you they want one thing. But when you get boots on the ground, what people want and what the government say you want are two different things."
"This has all come from government getting in the way of itself for no reason. People wouldn't be having these increases in the cost of paying for boilers if this clean heat market mechanism hadn't possibly been introduced."
"The government are trying to tell people that they want one thing, and what people actually want are two different things."
VALUABLE RESOURCES
https://www.gbnews.com/money/boiler-tax-heat-pump-installation-penalty
https://www.msn.com/en-gb/money/other/ludicrous-boiler-tax-is-an-outrage-and-the-poorest-who-cannot-afford-a-heat-pump-will-suffer-most-opinion/ar-BB1iXjaS?ocid=winp2fptaskbar&cvid=a22d85885aaf4552a1b09c172f6c0c21&ei=7&sc=shoreline
GET YOUR DEVELOPMENT FINANCE HERE:
https://propertyfundingplatform.com/WharfFinancial#!/borrowerinitialregistration
SOVEREIGN MAN PREMIUM INTELLIGENCE MEMBERSHIP https://dash.sovereignman.com/a/smc12m995/tpnpodcast
SOVEREIGN MAN 4th PILLAR https://dash.sovereignman.com/a/4pmain/tpnpodcast
WEALTH BUILDERS https://www.wealthbuilders.co.uk/propertynomad
ABOUT THE HOST
Rob Smallbone is the author of the Amazon best-seller Buy-To-Let: How To Get Started as well as 101 Top Property Tips and Property FAQ’s.
BOOKS
Property FAQs = https://amzn.to/3MWfcL4
Buy To Let: How To Get Started = https://amzn.to/3genjle
101 Top Property Tips = https://amzn.to/2NxuAQL
WHERE TO FIND US
https://linktr.ee/thepropertynomadspodcast
uk property, Investment, Property, Rent, Buy to let, Investing for beginners, Money, Tax, Renting, Landlords, strategies, invest, housing, properties, portfolio, estate agents, lettings, letting, business: https://patreon.com/tpnpodcast
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Roib discusses the cavity wall insulation claims scandal that has been affecting homeowners, particularly in Halifax. The episode delves into how unscrupulous companies have taken advantage of government incentives for cavity wall insulation, leading to poorly done installations and negative impacts on homes. Rob highlights the importance of doing thorough research before agreeing to any cavity wall insulation work, especially for those on benefits or low incomes. and raises questions about the government's role in regulating such schemes
KEY TAKEAWAYS
Cavity wall insulation claims scandal has affected many people, leading to potential legal and home issues.Unscrupulous companies took advantage of government incentives for cavity wall insulation, resulting in poorly done jobs and negative impacts on homes.Government faces challenges in regulating the cavity wall insulation industry, as multiple companies can exploit the system for financial gain.Individuals, especially landlords and tenants on benefits or low incomes, should exercise caution and research before agreeing to cavity wall insulation services.It is crucial to verify if a home has a cavity wall, understand the proper insulation techniques, and ensure reputable companies are hired to avoid potential scams and poor workmanship.BEST MOMENTS
"Your home is your castle. As they say, in England, we take our homes very seriously. And so we should."
"In an ideal world, you just give it all to one company and go, right, national scheme, off we go. This is how we do it."
"Always be careful if people are ringing up and telling you that they can do this and do that, just always be a little bit cautious with that."
"There might be wood insulation but that's where you've got to do your homework as well."
"Serious questions might need to be asked about a cavity wall installation claim scandal."
VALUABLE RESOURCES
https://www.msn.com/en-gb/money/other/serious-questions-need-to-be-asked-about-the-cavity-wall-insulation-claims-scandal/ar-BB1iNMC7?ocid=winp2fptaskbar&cvid=c611284349974dfdb6109372f8c0b468&ei=9&sc=shoreline
GET YOUR DEVELOPMENT FINANCE HERE:
https://propertyfundingplatform.com/WharfFinancial#!/borrowerinitialregistration
SOVEREIGN MAN PREMIUM INTELLIGENCE MEMBERSHIP https://dash.sovereignman.com/a/smc12m995/tpnpodcast
SOVEREIGN MAN 4th PILLAR https://dash.sovereignman.com/a/4pmain/tpnpodcast
WEALTH BUILDERS https://www.wealthbuilders.co.uk/propertynomad
ABOUT THE HOST
Rob Smallbone is the author of the Amazon best-seller Buy-To-Let: How To Get Started as well as 101 Top Property Tips and Property FAQ’s.
BOOKS
Property FAQs = https://amzn.to/3MWfcL4
Buy To Let: How To Get Started = https://amzn.to/3genjle
101 Top Property Tips = https://amzn.to/2NxuAQL
WHERE TO FIND US
https://linktr.ee/thepropertynomadspodcast
uk property, Investment, Property, Rent, Buy to let, Investing for beginners, Money, Tax, Renting, Landlords, strategies, invest, housing, properties, portfolio, estate agents, lettings, letting, business: https://patreon.com/tpnpodcast
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