The Property Nomads Podcast

Rob delves into the Labour Party's plans for the rental market, discussing 12 key policies that could potentially impact landlords and tenants. He covers a range of topics, including the abolition of Section 21 evictions, increasing tenant protections, introducing rent caps, implementing AWAB's law for hazard fixes, and setting new energy efficiency standards. KEY TAKEAWAYS Abolishing Section 21 evictions could have pros and cons, affecting landlords and tenants. Implementing rent caps and banning rental bidding wars may suppress the free market. Strengthening energy efficiency standards and removing the mandate to replace gas boilers by 2030 are part of Labour's plans. Building 1.5 million new homes and introducing stable tax rates are also on the agenda. Strengthening local councils' enforcement powers could impact both private and social housing landlords. BEST MOMENTS "Getting rid of section 21, we're against it, we don't think it's a good idea because the court system, the court process at the moment is very very slow." "Banning rental bidding, again, doesn't make sense. It's shooting people in the foot, because again, you're suppressing the free market." "The fact that gas boilers will still be around and about is a very good thing because we're already seeing a lot of people with fuel poverty." "I do think the idea is good, but you need to have accountability across the board. Because what I'm seeing is it seems to be one rule for private landlords, yet it's a different rule for social housing landlords." 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

Rob presents examples of social housing mismanagement, highlighting the disparities in accountability between private landlords and social housing landlords. The episode delves into cases where social housing landlords have failed to meet basic safety standards, such as providing electrical safety certificates or carrying out necessary repairs. KEY TAKEAWAYS Social housing landlords seem to be held to a different standard compared to private landlords when it comes to meeting property maintenance criteria. There is a perceived lack of urgency and accountability for social housing landlords in addressing tenant complaints and property issues. Clarion, the largest housing association in the UK, was fined for failing to repair a child's bedroom window for four years, leading to health issues for the family. The discrepancy in consequences between private and social landlords for similar property maintenance failures is concerning and unjust. It is crucial for all landlords, regardless of ownership type, to prioritize property maintenance and timely resolution of tenant complaints to ensure tenant safety and well-being. BEST MOMENTS "The private landlord hasn't met a criteria and has been given a fine, and quite rightly so. Social housing landlord, hasn't met a criteria, no accountability, doesn't matter by the sounds of it." "I think if you're going to have these rules for not meeting EPC standards or not having your gas safety certificate or electrical safety certificate in place, then we should all be hit with the same brush." "According to Clarion, they said, and I quote, 'we apologise sincerely to the resident and their family. In this case, the issue took too long to resolve and our communication was not good enough.'" "If it took you four years to fix a window, you can guarantee your arse health and safety, environmental health, are right on you. They're going to be on you like a dog on heat." "If you're gonna throw the book at people, throw the book at everyone, no matter how many properties you've got, you must get back and do your repairs. You've got to have good maintenance throughout your portfolio." VALUABLE RESOURCES https://www.msn.com/en-gb/news/uknews/uk-s-biggest-housing-association-fined-over-four-year-failure-to-fix-window/ar-AA1oGgYp?ocid=winp2fptaskbar&cvid=381c6dbe5be548fbd3f5f64f882b5413&ei=10 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 the ineffectiveness of rent controls in the property market. Drawing on examples from history and recent studies, he highlights how rent controls can actually push up prices, reduce the number of available properties, and lower the quality of housing. KEY TAKEAWAYS Rent controls have been shown to push up prices, reduce the number of properties available, and lower the quality of housing according to 200 studies. Implementing rent controls can lead to a decrease in supply, an increase in demand, and ultimately result in higher rents. History has repeatedly shown that price controls, including rent controls, do not work effectively. Scotland's introduction of rent controls led to a depressed property market, less house building, and financial challenges for social housing providers. BEST MOMENTS "Rent controls do not work. History has shown that that's the case, yet people, politicians, seem to not want to learn this." "If they were to go down the rent control route, it will be under the assumption of protecting renters, but it will have the opposite effect." "Tenants are complaining about the price of how much their rent costs up and down the country." "Labour government are potentially looking to introduce measures to curb soaring rent, but rent controls do not solve the issue." VALUABLE RESOURCES https://www.msn.com/en-gb/money/homeandproperty/rent-controls-drive-up-prices-for-tenants-as-khan-pushes-for-new-powers/ar-AA1oTxxk?ocid=winp2fptaskbar&cvid=5e89594eb4394cf6f3a0be203435ae2c&ei=10 https://www.bbc.co.uk/news/articles/cj627rr3wk9o 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 what he considers to be one of the worst property deals in history involving Birmingham City Council. The council is facing a loss of 300 million pounds after selling off 755 properties from the athletes' village built for the 2022 Commonwealth Games. Rob examines the lack of foresight and planning by the council, highlighting the high loan-to-value ratio and the failure to consider alternative strategies. KEY TAKEAWAYS Birmingham City Council is facing a significant loss of 300 million pounds by selling off 755 properties from the athletes' village homes built for the 2022 Commonwealth Games. The council's lack of foresight and failure to have a backup plan has led to this disastrous property deal, resulting in a burden on taxpayers. The council borrowed a significant amount, with a loan-to-value ratio of about 85-90%, which is uncommon in private property investment. Despite retaining 213 newly built homes, the decision to sell off 755 properties seems illogical and detrimental to the community. The council's reasoning of a lack of market appetite in the area where the properties are located raises questions about their decision-making process. BEST MOMENTS "Birmingham hosted the 2022 Commonwealth Games and as with most sporting events they're very prestigious but they don't actually necessarily do the economy in the grand scheme of things." "Local MPs have come out and said that it's, and I quote, an absolute scandal, end quote, and that the Labour-led authority had agreed last week, or a little while ago, to sell more than 700 homes to a private company, and that's resulted in a £300 million loss." "Taxpayer funds have been used to build some infrastructure in order to host the Commonwealth Games. They have now been hosted. And as a result of that, people of Birmingham are left with this white elephant of a project." "So they're selling off 755 properties to a private bidder, bidder's yet to be named, that's going to result in significant loss to the public purse." VALUABLE RESOURCES https://www.msn.com/en-gb/news/uknews/birmingham-council-to-sell-off-athletes-village-homes-at-more-than-300m-loss/ar-AA1oJkqN?ocid=winp2fptaskbar&cvid=7757e87e44f941b2e6790a54417f7887&ei=10 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 the reintroduction of EPC targets by the Labour government, aiming for a minimum EPC rating of C by 2030 for property investors. He questions the feasibility of this target, highlighting the disparity between the government's goals and the current rate of upgrades in homes, and expresses concerns about the financial implications for landlords and the challenges of upgrading older properties to meet the required standards. KEY TAKEAWAYS EPC targets are back due to the Labour government reintroducing green targets for property investors. The government aims for all homes to have a minimum EPC rating of C by 2030, but the current rate of upgrades suggests it may take until 2042 to achieve this target. The disparity lies in the number of homes being upgraded annually (115,000) compared to the required rate (340,000-350,000) to meet the 2030 target. Challenges in achieving a C rating include high renovation costs, conservation area restrictions, and the nature of older housing stock. Energy shocks highlight the need for energy independence, but the focus on upgrading homes may not directly address the root causes of energy issues. BEST MOMENTS "Labour have reintroduced plans to reintroduce green targets for property investors, i.e. with your energy performance certificate rating." "Yet the Labour government want to introduce or reintroduce EPC C rating by 2030." "Energy shocks in recent years have shown the urgent need to upgrade British homes." "To me, nuclear is the answer. You need to be building as many nuclear plants as you can and upgrading the infrastructure of the grid." "So yes, energy shocks in recent years have been brought on by government. So that's a government issue, not this current government." VALUABLE RESOURCES https://www.msn.com/en-gb/money/other/landlords-would-take-18-years-to-meet-epc-targets/ar-AA1oDlAe?ocid=winp2fptaskbar&cvid=b12630545a6c4623947868777f0ea779&ei=14 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 looks at the disparity in treatment between private landlords and social housing landlords when it comes to electrical safety certificates. He highlights a case where a private landlord in Hastings was fined £10,000 for failing to provide an electrical safety certificate, while Brighton and Hove City Council, owning over 25% of social housing homes without the necessary certificates, faced no consequences. KEY TAKEAWAYS Landlords, both private and social housing, have a duty to provide safe and secure housing for tenants. Private landlords can face fines for not providing necessary certificates, such as electrical safety certificates. There is a disparity in how private landlords and social housing landlords are treated when it comes to compliance with regulations. Accountability is lacking for social housing landlords who fail to meet legal requirements, putting tenants at risk. It is important to raise awareness about the issue and hold councils and social housing landlords accountable for their failings. BEST MOMENTS "It is criminal that councils can seemingly get away with this, yet landlords cannot." "You should always have your certificates in place. But then we go to Brighton and Hove Council, and we live in Brighton and Hove, so we can speak with a bit of volition here." "There is no accountability, by the sounds of it. You're going to have people that, and God forbid, people that could die in social housing homes because electrical safety certificates haven't been put in." "There needs to be more accountability here. There needs to be a way that people can hold their local council, they can hold their feet to the fire." VALUABLE RESOURCES https://www.theargus.co.uk/news/24508660.serious-council-failings-uncovered-brighton-hove-homes/ https://www.theargus.co.uk/news/24509556.landlord-taken-court-hastings-borough-council-fined-10-000/ 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 the impact of decreasing interest rates on the housing market, highlighting the recent decrease in the Bank of England rate from 5.2% to 5% and speculates on the possibility of further reductions. With the government's pledge to build 1.5 million homes in five years, the episode explores how lower interest rates could make mortgages more attractive, potentially leading to increased demand for housing. KEY TAKEAWAYS Interest rates have decreased from 5.2% to 5%, potentially leading to further decreases in the future. The decrease in interest rates can make mortgages more attractive, stimulating the housing market. The government's pledge to build 1.5 million homes in five years may impact the housing market. Increased demand for housing due to lower interest rates could lead to bidding wars and higher prices. While the decrease in interest rates may benefit some in locking in good mortgage deals, the long-term impact on the housing market remains uncertain. BEST MOMENTS "Chances are house prices are then going to go up as a result because it's going to be a lot of people or more people considering moving." "But we are pretty much sat on a house of cards." "If you've got demand or increased demand chasing the same amount of supply or even a slightly diminished supply, then that will lead to higher prices." "I've got a feeling it's not going to end up very well." "If you have a chance to lock in a good deal, a good mortgage deal, certainly better than what we've seen in the last couple of years, then I'm not an independent financial advisor." 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

Rob discusses the recent decision by the Bank of England to lower the base rate, creating increased competition in the mortgage market. He explores the potential implications of further rate cuts on property investments, suggesting that locking in long-term deals could be beneficial in the face of potential inflation. From a non-property economic perspective, Rob expresses concerns about the impact of decreasing interest rates on inflation and the overall economy. KEY TAKEAWAYS The Bank of England reduced the base rate from 5.25% to 5%, leading to increased competition in the mortgage market. With potential future rate cuts, it may be a good time to consider fixing in a long-term mortgage deal to avoid potential inflation and interest rate increases. Inflation is expected to reignite due to economic factors, potentially leading to a cycle of rate cuts followed by increases. The current economic situation, including social unrest and murmurs of tax increases, may contribute to a challenging environment for the UK economy. While the decrease in the Bank of England rate may have negative implications from a non-property economic perspective, it could present an opportunity for property investors to secure favourable mortgage rates before potential future increases. BEST MOMENTS "I do like the fact that the headline from the mirror said that it offered a record low rate of three point eight four when you go back to four or five years ago. It's definitely a lot lower than that." "If rates drop, it might be an idea to then look at locking in long-term deals on your mortgages because the chances are inflation is going to reignite itself and then we're off to the races and then all hell breaks loose." "Inflation is not going to go away, and with these decisions and with everything else that's going on in the economy at the moment." "From a non-property economic head, not good news. From a property head point of view, actually, the lowering of interest rates could be a good time, possibly one of the last times where you can lock in an okay rate." 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

Rob looks into the housing challenges faced by Cornwall, a popular holiday destination in the United Kingdom, and the council's proposed solutions to the housing issues include a 300% council tax surcharge on second homes, a £3 tourist tax, closing a business rate relief loophole, and introducing rent caps. KEY TAKEAWAYS Cornwall Council is considering implementing a 300% council tax surcharge on second homes, a £3 tourist tax, and closing a business rate relief loophole. Introducing rent caps, whether on regular housing or Airbnb properties, is not a viable solution and may have negative consequences. Cornwall heavily relies on tourism, and any measures that deter tourists could have detrimental effects on the local economy. It is crucial for Cornwall Council to use any additional tax revenue wisely, such as investing in building more homes for residents. Rent caps have been proven ineffective in other regions, and Cornwall should learn from these examples to avoid similar pitfalls. BEST MOMENTS "Cornwall Council looking to introduce a £3 tourist tax. Probably not a bad idea, as long as those funds are channeled into sensible projects, i.e., build more homes." "Rent caps do not work. Cornwall Council, rent caps do not work. They will not work. Please do not put your constituents through the mess of rent caps." "If you're rich and wealthy enough to own a second home in Cornwall, then I would imagine increasing the council tax bill by 300% is probably not going to have a detrimental effect on whether you want to sell your home." "They want a bit more, a fairer share of tax streams. And again, it's okay to ask that from the government, that's fine. If you then are granted that, great, well done, then use it to go and build houses." "Tourism is one of the most, if not the most important cog in the Cornwall wheel. There we are. Let's see what happens. That's all we can say to that. Just please don't put a rent cap in. It's not going to work." VALUABLE RESOURCES https://www.msn.com/en-gb/money/other/cornwall-plots-second-home-crackdown-and-tourist-tax/ar-BB1qH25d?ocid=winp2fptaskbar&cvid=ee677a4891974870eb9a6b46ad657f19&ei=6 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 a controversial decision made by Bolton Council to sell off land worth £1.2 million for just £4 to a property developer, Watson Homes. He explores the implications of this deal from both the perspective of the property developer and the council, highlighting the missed opportunity for the council to potentially enter into a joint venture agreement with the developer, which could have been more beneficial for both parties and the community. KEY TAKEAWAYS Instead of selling off valuable land for a minimal amount, councils should explore joint venture agreements with developers to maximise the potential benefits for both parties. The example of Bolton Council selling land worth £1.2 million for just £4 highlights the missed opportunities and lack of business acumen by some councils. By creating win-win situations through joint venture agreements, councils can generate revenue, improve the community, and enhance their reputation among constituents. There are developers willing to collaborate with councils, provided that the council can provide the land and approve planning, while developers can bring in the necessary financing and expertise for development projects. BEST MOMENTS "Bit unlucky if you live in Bolton, purely because your council has decided to sell off land that is reputedly worth £1.2 million for just £4 to a property developer." "I think you've got a fantastic deal there, getting some land for £4, especially when there looks like there is a lot of potential there for development and for making a lot of cash." "It's a win-win situation. Superb. Now, it might mean that if it's at 1.2 million pounds, as is the supposed land value, then the council might have to wait three or four years maybe to get that 1.2 million pounds." "The solution is to all councils listening to everyone out there, There's a lot of developers out there that are willing to work with the council. All it takes is creating a win-win situation." VALUABLE RESOURCES https://www.msn.com/en-gb/money/other/furious-residents-slam-council-for-selling-land-worth-1-2m-for-4/ar-BB1qJcme?ocid=winp2fptaskbar&cvid=adeabdb2ae6545408e47c8bb18679245&ei=19 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

In this milestone 500th episode of the Property Nomads podcast, Rob expresses gratitude to all past and present contributors, including guests, co-hosts, and the behind-the-scenes team, and then delves into the implications of Labour's vow to end no-fault evictions through the Renters' Right Bill, specifically focusing on the potential imbalance it may create between landlords and tenants. KEY TAKEAWAYS The proposed Renters' Right Bill by Labour aims to end no-fault evictions, which may benefit tenants but pose challenges for landlords without court reforms. Ending Section 21 could lead to imbalances favoring tenants, potentially resulting in higher rents and landlord sell-offs. The need for court system reform is crucial to efficiently handle situations where good landlords face issues with bad tenants. Labour's plan to end no-fault evictions for renters may have unintended consequences, such as higher rents, without addressing court system reforms. BEST MOMENTS "To get to episode 500 is a fantastic achievement. It's been really good fun to do that." "The challenge that you've got with ending Section 21 is that you might be in a scenario where you are a good landlord but you've got a bad tenant." "At the moment, getting rid of Section 21, that's very good for tenants, not so good for landlords." "If landlords sell up, and they then sell up to people that are buying that are not landlords, you're then creating a demand." "If Labour are going to end no fault evictions for renters, that is going to lead to higher rents. So hallow higher rents." VALUABLE RESOURCES https://www.msn.com/en-gb/money/homeandproperty/labour-to-end-no-fault-evictions-for-renters-but-estate-agents-warn-of-landlord-exodus-without-court-reform/ar-BB1qjivJ?ocid=winp2fptaskbar&cvid=0513837ac0214345ba088ebdbc7065df&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 the issue of high rents and the proposed solution of implementing rent controls. He argues that rent controls do not work and uses examples from the USA and Scotland to support this claim, emphasising the importance of addressing the supply side of the housing market rather than implementing price controls. KEY TAKEAWAYS Rent controls do not work and have never worked in the past. Implementing price controls or rent controls can lead to a temporary suppression of issues, but they resurface when the controls are removed. Scotland's experience with rent controls for social housing and private landlords showed that rents skyrocketed once the controls were lifted. Governments should focus on addressing the supply side of housing economics rather than implementing rent controls. Letting the free market operate without controls is essential to effectively address high rents. BEST MOMENTS "Price controls, rent controls do not work. They never have worked. They never will work." "The ironic thing about that and the sad thing about that as well is that when you bring in these sorts of controls and then you bring them in for social housing landlords as well, again like what happened in Scotland." "We've touched upon this before in Scotland, that rental controls do not work." "Let the free market deal with it. What you need to do is deal with the supply side of the economics." VALUABLE RESOURCES https://www.crisisinvesting.com/p/rents-too-high-here-comes-biden-with 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 the challenges of housing supply in the UK, focusing on the reluctance to build new homes due to concerns about heritage and local impact. He highlights a specific case where a Labour MP objected to a 1,500 home project in his constituency, citing concerns about the impact on local heritage. Rob looks at the need to prioritise the supply side of housing economics, pointing out the various obstacles developers face, such as red tape, regulations, and public objections. KEY TAKEAWAYS Housing shortage in the UK is viewed as a supply side issue, focusing on building more homes by opening up land, simplifying planning rules, and reducing friction in housing plans. Nimby attitude (Not In My Backyard) poses a challenge to building new homes, with concerns about economic impact and heritage preservation hindering development. Private developers face challenges such as high costs, red tape, ventilation regulations, and planning laws, which can lead to projects being rejected despite meeting requirements. The need for government intervention to streamline approval processes and prioritize housing development to address the housing crisis effectively. Collaboration between government, local councils, and developers is essential to overcome obstacles and ensure the successful approval and construction of new homes. BEST MOMENTS "We try not to look too much into the migration numbers, emigration numbers, immigration numbers, those sorts of numbers." "New homes need to be built. If we're going to attack the housing shortage that we have, and we're going to focus on the supply side economics of it, we need to build more homes." "You've got to make sure that that development makes cash end of." "You shouldn't then be allowing all these plans to be sat in the hands of councillors who then go, oh, yes, but it's going to impact the heritage." "I am interested to see what the Labour government does from a bringing everyone together point of view." VALUABLE RESOURCES https://www.msn.com/en-gb/news/uknews/housing-minister-tried-blocking-1-500-home-project-in-constituency/ar-BB1pHwRR?ocid=winp2fptaskbar&cvid=07f913c5f1df425f8f572881d5fd3676&ei=10&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 a surprising trend where tenants are requesting to be served with Section 21 notices by their landlords in order to access council housing. The episode highlights the reasons behind this trend, such as the rising rents in the private rental sector compared to council housing. Rob also delves into the implications of this trend on both tenants and landlords, emphasising the financial benefits for tenants seeking more affordable housing options. KEY TAKEAWAYS There is a surge in tenants asking to be made homeless in order to access council housing. More tenants are requesting landlords to serve them with Section 21 notices to increase their chances of getting council housing. Rents in council housing are typically lower than in the private rental sector, making it a more affordable option for struggling tenants. Some tenants may be voluntarily asking for eviction to create a win-win situation for themselves and their landlords. The housing sector in the UK is facing a shortage, leading to councils placing tenants in temporary or emergency housing before finding more permanent solutions. BEST MOMENTS "More and more tenants are asking their landlords to serve them with Section 21 notices... so that they can access council housing." "Rents increased year on year 11.4% in 2022, and then 8.2% in 2023." "We're seeing more and more tenants requesting landlords to serve as Section 21 because they've had advice from their council on the process to get council housing." "Councils are also desperate... there needs to be big reform... in order to increase the supply of housing." VALUABLE RESOURCES https://www.msn.com/en-gb/money/homeandproperty/surge-in-tenants-asking-to-be-made-homeless/ar-BB1phU2q?ocid=winp2fptaskbar&cvid=0cfe4c417c0442d8ac3dd157e734a155&ei=8 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 a concerning situation in Edinburgh, Scotland, where residents in affordable homes have experienced a staggering 450% increase in their gas prices. The properties are part of the Harvester's Way Development, managed by Places for People Scotland, and are connected to a district heating system. This lack of control over gas prices has left residents feeling helpless and frustrated, especially as the properties were marketed as greener and more efficient. The episode highlights the importance of researching heating systems when buying or renting property to avoid being caught off guard by unexpected price hikes. KEY TAKEAWAYS Residents in a development in Edinburgh experienced a 450% increase in gas prices, highlighting the issue of lack of control in district heating systems. The development was marketed as greener and more efficient, but residents are now facing unaffordable gas bills, contradicting the initial promises. The situation emphasises the importance of researching heating systems before buying, renting, or investing in properties to avoid unexpected cost increases. The residents' lack of control over their heating costs due to the district heating system showcases the potential pitfalls of modern build housing and future home standards. It is crucial for homeowners, renters, and investors to be cautious about green investments and thoroughly examine the implications of such developments to avoid financial surprises. BEST MOMENTS "Prices are on the increase overall, but when that increase is 450%, that's correct, 450, Then we have a bit of an issue." "Control in the world is important, too much so in terms of World Economic Forum and Club of Rome and that stuff, but this isn't the episode for that." "This situation just doesn't look good on anyone. It doesn't reflect well on anyone at all, especially as, again, part of that drive to induce people or seduce people into potentially buying and renting these homes." "You don't want district heating. You don't need community heating because you need to be able to have control over those elements so that you can monitor things properly." "As long as it's sold as a green investment, and it's good for the environment, and it's good for the economy, then you know, people are going to lap it up." VALUABLE RESOURCES https://www.bbc.co.uk/news/articles/cmm2n3527m4o 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 a recent protest in Brighton by members of the Living Rent Campaign, who were protesting against rent exploitation. He highlights the ineffectiveness of rent controls, citing the example of Scotland where rent controls led to a supply and demand imbalance, causing rents to skyrocket. Rob also touches on the importance of increasing the supply of housing to tackle housing challenges, despite the challenges in funding such initiatives. KEY TAKEAWAYS Protests against rent exploitation took place outside Brighton Town Hall, led by the Living Rent Campaign. Rent controls, as seen in Scotland, have backfired by causing a supply and demand imbalance, leading to skyrocketing rents. The expansion of council housing is crucial to address the housing challenges in the country, but it won't happen overnight. The Living Rent Campaign calls for an end to the right to buy scheme, which has both pros and cons, especially in areas like Brighton with tourism challenges. Funding for improving council housing and building more is a key issue, as it may involve increasing council tax and requires a clear strategy. BEST MOMENTS "Rent controls, as we've talked about before, are not a good solution. Just look at the recent articles in Scotland. Rent controls attracted less investment, less development, leading to skyrocketing rents." "Increasing the supply of housing is crucial to tackle the housing challenges. But the lack of a clear and cohesive strategy, changing governments, and local councils hinder progress." "The Living Rent Campaign's call to end the right to buy scheme has pros and cons. It may help provide more housing but could also lead to issues with the types of homes being bought." "Improving rent controls will backfire. It may provide a short-term victory but will lead to long-term consequences. The Living Rent Campaign should be cautious about this approach." VALUABLE RESOURCES https://www.theargus.co.uk/news/24417633.protest-outside-brighton-town-hall-rent-exploitation/ 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 the recent election results, focusing on Labour's majority win and the potential implications for the future. He also touches on the surprising outcome of the French election and the implications of a potential hung parliament. KEY TAKEAWAYS Labour won the election with a majority of 412 seats, a significant increase from the previous election. France's election results surprised many, with a leftist coalition potentially winning and leading to a hung parliament. Labour's victory may face challenges in the next five years, especially if they do not fulfill their manifesto pledges. Labour aims to build 1.5 million houses, recognizing the supply-side issue in the housing market. The effectiveness of Labour's housing policies and their ability to afford public funding for house building remain subjects of skepticism. BEST MOMENTS "Labour have a majority. They ended up winning 412 seats in total. That was a 211-seat increase from 2009." "France is going to be heading to the right-hand side of politics. Well, that turns out not to be the case either, and I think that's caught an awful lot of people off guard." "Labour are in a situation where they're a bit damned if they do, damned if they don't, because I would imagine that the economic books of the UK don't look very pleasing." "As long as Diane Abbott's not in charge of any property numbers I think the country is going to be absolutely fine." "I do like the fact that they look at the housing area as something that needs working on, and it's a supply issue." 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

Rob discusses Ed Miliband's endorsement of the Future Homes Standard as a solution to the cost of living crisis. Miliband visited a zero bills new build site in Staffordshire, impressed by Octopus Energy's initiative guaranteeing zero energy bills for five years on homes equipped with solar panels, a home battery, and a heat pump. Rob raises critical questions about the sustainability and feasibility of the initiative, questioning how Octopus Energy can afford to provide zero bills and the environmental impact of the technology involved. KEY TAKEAWAYS Future homes standard could potentially help tackle the cost of living crisis, according to Ed Miliband. Octopus Energy's initiative offers zero energy bills for five years on new homes with solar panels, a home battery, and a heat pump. Questions arise about the sustainability of Octopus Energy's zero bills tariff and the potential reliance on government subsidies. The concept of a zero bills home may not be entirely accurate if additional charges like standing charges, water bills, or council tax are still applicable. Considerations about the environmental impact of mining and technology involved in creating eco-friendly homes should be taken into account when promoting future home standards. BEST MOMENTS "It is clear that the UK needs a future home standard to help those struggling with the cost of living." "Although it might seem good on paper, there's some things to me that don't quite add up." "What Ed Miliband went on to say is, 'I think it's really, really important to say to people, this is about the future and it's about tackling the cost of living crisis that people are facing.'" "A zero bills home, well, having a No electric bill, okay, that's fine. What about standing charge? Do you still have to pay standing charge to Octopus?" "If you're advertising a zero bills home, then someone might walk in and not expect any water bills, not expect any council tax bills, not expect any electric bills, not expect a standing charge bill." VALUABLE RESOURCES https://www.msn.com/en-gb/news/newslondon/future-homes-standard-right-for-tackling-cost-of-living-crisis-ed-miliband/ar-BB1oVihX?ocid=winp2fptaskbar&cvid=c9e76fd9d39c46eabbef5830d293b0d0&ei=75 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 looks at the current backlash against British tourists in Spain, particularly in popular tourist destinations like Majorca, Ibiza, and the Canary Islands. He reflects on the negative impact of mass tourism on local communities, citing examples from Brighton and Barcelona. The episode explores the tensions between the economic benefits of tourism and the strain it puts on housing markets and local businesses. KEY TAKEAWAYS British tourists in Spain are facing backlash from locals due to perceived negative behaviours such as excessive drinking and causing chaos. Some Spanish cities, like Barcelona, are taking action to limit short-term rentals to address the issue of over-tourism. Locals in tourist-heavy areas like Mallorca and Malaga are protesting against tourists, leading to anti-tourism sentiments and graffiti. The balance between tourism and local economy is delicate, as a decrease in tourists could negatively impact businesses and employment levels. The housing issue in touristy areas is complex, with locals feeling priced out by short-term rentals and blaming expats for rising prices. BEST MOMENTS "Barcelona has, or believe they have, a massive tourism problem, i.e. there's too many tourists. It is such a lovely city. But they see a lot of issues with a lot of short-term rentals." "A lot of locals feel that they're being pushed out of their communities as well because house prices are going up. They blame expats causing the increase in prices. I'm not sure about that because you always have to look at your own local government as well." "I don't like seeing that sort of stuff in any country, especially when it's, you know, tourist groups, you know, hitting each other." VALUABLE RESOURCES https://www.msn.com/en-gb/travel/news/british-tourists-hit-back-after-majorca-locals-moan-they-re-being-colonised-by-visitors/ar-BB1p4Tff?ocid=winp2fptaskbar&cvid=e33a85188e0b44e2a32f8a2941fafc38&ei=9 https://www.express.co.uk/news/world/1914141/british-tourist-rental-ban-barcelona-spain 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 the negative impact of rent controls on house building in Scotland, highlighting how rent controls imposed by the Scottish government have led to a significant decrease in the number of new homes being started and completed. The statistics show a drop in housing construction across the board, including private sector and council homes. The episode emphasises how rent controls restrict the free market, leading to skyrocketing rents and discouraging investors from putting capital into the housing market. KEY TAKEAWAYS Rent controls in Scotland have led to a decrease in house building, with fewer new homes being started and completed. The Scottish National Party (SNP) implemented rent controls, resulting in a drop in affordable housing budget and a surge in rent prices. The extension of rent controls in Scotland is deterring investors from renovating or building new homes in the area. Investment in built-to-rent properties in Scotland plummeted by 71% last year due to the impact of rent controls. The Scottish government plans to make rent controls permanent in 2025, despite the negative consequences observed so far. BEST MOMENTS "Scotland is suffering from some of the largest rent rises anywhere in the UK." "Rent caps basically where you're saying that you're only allowed to put up rents by X percent, you're not allowing the free market to do its job." "The fact that Scotland is going to have a flight in this capital because of the rent controls, it's just not going to help Scotland at all." "They say that investment in built to rent properties in Scotland slumped 71 percent last year." VALUABLE RESOURCES https://www.msn.com/en-gb/money/other/house-building-in-scotland-nosedives-after-nicola-sturgeon-s-rent-controls-figures-show/ar-BB1oRxOg?ocid=winp2fptaskbar&cvid=f492b5949296431fb18cf80d0259f5c5&ei=20 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 looks into the shocking statistic of 1.55 million abandoned homes in the UK. The episode explores the potential opportunities in bringing these empty homes back into use, highlighting the vast possibilities for property investors and developers. Rob discusses the challenges and benefits of tackling abandoned properties, emphasising the importance of maximising the efficiency of existing housing stock. KEY TAKEAWAYS There are approximately 1.55 million abandoned homes in the UK, worth over 500 billion pounds. The research by Together identified concerns over derelict properties, with Westminster, Cornwall, and Birmingham being the top three offenders. It is important to define what constitutes an empty home, as some may be second homes or have other unique circumstances. Running a land registry search on abandoned homes can potentially lead to profitable opportunities in property investment. Utilising abandoned homes can not only be a lucrative business model but also contribute to addressing the housing supply issues in the UK. BEST MOMENTS "There are supposedly 1.55 million abandoned homes in the UK. And I find that quite a staggering number, and I'm sure you do too." "Oddly Westminster is the worst offender with just under 36,000 vacant homes." "So really, therefore, this is a great way to be able to make cash." "The opportunities here are endless." "Getting those 1.5 million homes back onto the market, if possible, would be absolutely superb." 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

Rob looks at the current housing crisis in the UK, focusing on the decline of social housing stock by over 250,000 units in the last decade. He focusses on the reasons behind this decrease, such as the selling off or demolition of social housing, challenges with planning permissions, and the high demand for housing exceeding supply. KEY TAKEAWAYS The number of social rent homes in England has fallen by about a quarter of a million in the last decade, contributing to the housing crisis. Issues with planning, including local councils rejecting building proposals, create bottlenecks in housing development. Housing demand in the UK is higher than supply, leading to increased costs of renting. Frequent changes in government and policies hinder long-term, cohesive solutions to the housing crisis. Shelter suggests building 90,000 genuinely affordable social homes per year for 10 years to address the housing emergency effectively. BEST MOMENTS "There's not ever one solution fits all, whether that's in the private sector, or the social rented sector." "A lot of social housing stock has been sold off or demolished. A lot more has been sold off rather than being built." "Planning creates a bottleneck, because of the way this country is set up, again, all it takes is one person to complain. And you know, all hell can break loose." "If the supply increases, then that should help to meet demand by bringing a flood of supply onto the market, that you should also find that the cost of renting, whether that be social or private, you should find that that decreases." 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

Rob looks into the Labour Party's manifesto and its potential impact on the property market and macroeconomic landscape. He analyses key points from the manifesto, including plans to shake up planning laws to deliver 1.5 million homes, restore mandatory housing targets, raise stamp duty surcharge on non-UK residents, introduce a mortgage guarantee scheme for first-time buyers, and abolish Section 21 evictions. KEY TAKEAWAYS Labour Party's manifesto includes plans to shake up planning laws to deliver 1.5 million homes, restore mandatory housing targets, raise stamp duty surcharge on non-UK residents, introduce a permanent mortgage guarantee scheme for first-time buyers, and abolish Section 21 no-fault evictions. The manifesto also aims to bring Britain's railways into public ownership, tackle the UK's dependency on overseas energy sources, set up publicly-owned Great British Energy, and invest in upgrading 5 million homes under the Warm Homes Plan. There are concerns about the feasibility and practicality of some of the proposals, such as the challenges in implementing the housing targets and the potential impact of increasing stamp duty surcharge on non-UK residents. The focus on renewable energy sources like wind and solar power, along with plans to work with the private sector to double onshore wind, triple solar power, and quadruple offshore wind by 2030, raises questions about the sustainability and funding of these initiatives. BEST MOMENTS "I fully believe that we are in for a Labour majority come July, come election time." "Manifestos, most of the time, have been nonsense. It's get, you know, please come and vote for us." "I think come July we're in for a Labour majority. If it turns out to be a super majority, that could be quite dangerous, I think, for the country." "There's certainly a bit more oomph to the Labour manifesto when comparing it to the Conservative manifesto." 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

Rob delves into the key property-related points from the Conservative Party's manifesto for the general election. He highlights the proposed tax break for landlords, including a 100% relief on capital gains tax for landlords selling to existing tenants, and an increase in the stamp duty threshold for first-time buyers to £425,000. The episode also touches on the pledge to maintain the current level of corporation tax and the goal to reduce borrowing and debt. KEY TAKEAWAYS Tax break for landlords: The Conservative Party manifesto includes a 100% relief on capital gains tax liability for landlords who sell to their existing tenants. Stamp duty threshold increase: The threshold for first-time buyers paying stamp duty will be raised to £425,000. Corporation tax: The manifesto states that the corporation tax level will not rise. Fiscal rules: The Conservative Party aims to meet fiscal rules of having public sector net debt falling and public sector net borrowing below 3% of GDP in the fifth year of the forecast. Supply and demand: While the manifesto offers some incentives, it may not address the fundamental issue of property supply and demand imbalance. BEST MOMENTS "While it's a good fishing line or fish hook there for landlords, and I'm sure there'll be people that would take them up on that should that come into force." "The measures in this manifesto are fully funded and would result in lower borrowing in 2029-2030, which will be the target year of our fiscal rules in the first fiscal event of the new parliament." "Would these things really be game changers? Would they really help things in the property world? I would argue that they might ever so slightly help, but in the bigger scheme of things, probably not." "So yeah a couple of overtures there but nothing to really shout home about or really get excited about." 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

Rob discusses the recent decrease in interest rates by the European Central Bank and the potential upcoming decision by the Bank of England to follow suit. He delves into the implications of lowering interest rates on inflation and the economy, and highlights the historical context of inflation, the impact on housing and portfolios, and the importance of understanding macroeconomics when making financial decisions. KEY TAKEAWAYS The European Central Bank and the Bank of England are likely to lower their base rates, which may lead to inflation. Inflation rates have been higher than the ideal 2%, despite government statistics suggesting otherwise. Lowering interest rates may create a false sense of security, as it could lead to another wave of inflation. Property investors should consider the potential impact of rising interest rates due to inflation on their portfolios. It is essential to study macroeconomics, assess the situation, and consult with a mortgage broker to make informed decisions about locking in interest rates. BEST MOMENTS "Inflation is definitely a lot higher than that. But what does that mean for housing? What does that mean for your portfolio? And it's a very good question." "Lowering rates, people might start to think, yeah, this is very good. This is very nice. But all the underlying supply and demand challenges that we have and a big bunch of other things that are going on in the world..." "So we're in the wave, we're at the bottom of wave one. So wave one has been undone, it's been and gone. We're now at the bottom and wave two is probably going to happen." "If inflation does go up, then the chances are you're probably going to see your interest or the interest rate go up." 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

Rob discusses the concerning issue of poorly installed cavity wall insulation through government-backed schemes. He highlights the complaints received by the BBC from homeowners who have faced problems due to improper insulation, stressing the importance of reputation and aligning with trustworthy professionals in the property industry. KEY TAKEAWAYS There have been issues with insulation installations not being done properly under government schemes, leading to problems for homeowners and landlords. Always align yourself with reputable people in the property industry to avoid potential issues with installations or other property-related matters. When installing insulation, consider how it may affect the property's ventilation and ability to "breathe" to prevent issues like condensation and mould. Before undertaking any property-related work, make sure to do thorough research on the companies or individuals you are working with to avoid potential pitfalls. BEST MOMENTS "There's a lot of issues within the property world at the moment when it comes to government-backed schemes and insulation installations that haven't been done properly." "Reputation is very important. You must always look to align yourself with the best possible people and have a good understanding of housing in general." "Since 2008, supposedly more than three million homes have had cavity wall insulation fitted under green energy schemes set up by the government." "It's almost depressing doing a podcast on it, because it's just not pleasant to read. It highlights the fact that it seems we can't do anything right in this country without a lot of people taking the proverbial." "Just be careful. If you're going through routes of getting installation done under green home grants and green schemes, just be careful with who you're using. Do your research." VALUABLE RESOURCES https://progressivepropertyreferral.com/live-multiple-streams-of-property-income-peterborough-21-05-24/AMB4692 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

Planning and obtaining planning permission can be a complex and ever-changing process in the property industry. In this episode, Rob delves into various aspects of planning, including permitted development, planning permission, Article 4 directives, and listed building consent. KEY TAKEAWAYS Planning and obtaining planning permission can be complex and ever-changing, so it is crucial to surround yourself with the right power team, including an architect and a planning consultant. Different scenarios require different levels of permission, such as planning permission, Article 4 directives, or listed building consent, depending on factors like whether the property is in a conservation area or a listed building. Permitted development allows for certain types of construction without planning permission, such as rear extensions, loft conversions, and adding porches, sheds, or garden rooms. Specific rules apply to different types of developments, such as height restrictions, materials used, and proximity to boundaries, which may determine whether planning permission is required. It is essential to stay informed about the latest rules and regulations in planning, as they are subject to change, and to consult with professionals to navigate the process effectively and maximise the value added to the property. BEST MOMENTS "Surround yourself with the right power team. In this case, that would be an architect, a planning consultant potentially, also even speaking to your local council." "If you own a listed building, then you are going to need to apply for both listed building consent and quite often planning permission to go with that project." "Building a rear extension, very popular. That can be done through permitted development, or it can be done through planning permission." "Adding a shed or garden room. So again, people, because of the way home offices have been done in the last few years, they have been putting big garden rooms in their garden." "Always get the right power team. So get your planning consultant in, get your planning your architect and your planning consultant, have a word with the council if you can." VALUABLE RESOURCES https://progressivepropertyreferral.com/live-multiple-streams-of-property-income-peterborough-21-05-24/AMB4692 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 looks at the upcoming general election in the UK and its potential impact on the property market, focussing on the issue of rising house prices outpacing wage increases, making it difficult for many to afford homes. He delves into the promises made by political parties regarding housing, such as building more homes and overhauling the planning system. However, the lack of concrete plans and the turnover of housing ministers in recent years raise concerns about the effectiveness of these promises... KEY TAKEAWAYS Housing market facing challenges with high demand and limited supply leading to increased prices. Lifetime ISA limit of £450,000 since 2017 may need to be increased to align with average house prices. Both major parties, Labour and Tories, have pledged to build 300,000 new homes a year but have not outlined specific plans to fix the housing market. Expectations of a rate cut in August for cheaper mortgage rates may not materialise as interest rates are predicted to rise due to inflation. BEST MOMENTS "It's important to look at what is likely to be said in the manifestos, but also how that could then potentially impact housing in general." "One thing that various people have brought in over the years is the Lifetime ISA. And that has helped people to contribute to purchasing a home." "Overhauling the planning system, again, that's been in the pipeline, I think, for a very, very long time, no matter who's been in charge." "Too many rail ministers and you wonder why things aren't really progressing at all." "Don't fall for the promises. Don't fall for all that mumbo jumbo. In a nutshell, the supply of housing needs to be dramatically increased." 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

Rob discusses the impact of government interventions in the housing market, particularly focusing on second homes in Cornwall. He highlights how policies aimed at deterring second home buyers, such as increased stamp duty and council tax rates, may not be effective in addressing the housing issues in the region. KEY TAKEAWAYS Government interventions in the housing market, particularly targeting second homes, are negatively impacting areas like Cornwall. Despite efforts to deter second home buyers through increased taxes, the social housing waiting list in Cornwall continues to grow. MPs in Cornwall are hesitant to build new homes due to concerns about lowering house prices for locals, leading to a shortage of affordable housing. Policies aimed at second home owners, such as doubling council tax, may not be effective in deterring those who can afford second homes. The unintended consequences of housing policies in Cornwall are causing rents to rise, making it even more challenging for renters to save for their own homes. BEST MOMENTS "Cornish MPs don't want to build new homes. They're worried this would push down house prices for locals who already own homes in the area." "Tourism, though, is very, very important for Cornwall. I don't know the stats on how much it brings in per year, but you would imagine that it is a significant amount." "I would recommend go and read the article because it then goes on to talk quite a lot about South Wales as well, which is quite interesting." "Just another example of something that in theory sounds good, but in reality and in practicality, it has a complete different effect." 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

Rob looks into the ongoing British rental crisis, highlighting the decrease in listing times for rental properties and the high demand for homes. He delves into the reasons behind the lack of available properties, such as government tax changes affecting landlords and uncertainty in the market, emphasising the importance of understanding economic fundamentals in the property market and reiterates the need for sustainable housing policies to address the crisis. KEY TAKEAWAYS The British rental crisis continues due to high demand and lack of available properties. Two-bedroom rental homes are now listed on average for 25 days, 10 days less than before the pandemic. Landlords are selling properties due to tax changes and uncertainty in the market, leading to a decrease in available properties. The conservative target for new homes is 300,000 a year, but only about 210,000 are being built, contributing to the housing shortage. Understanding economic fundamentals in housing is crucial for investors to navigate the current market challenges. BEST MOMENTS "The big British rental crisis continues... renters are in races for homes as listing times are slashed." "Landlords have had the rough end of the stick... quite a lot of landlords have been looking to sell up." "Scotland likes to shoot itself in the foot... Actually, to be fair, most of the UK does." "Everyone warns about danger ahead... there's not enough supply coming to the market." VALUABLE RESOURCES https://www.msn.com/en-gb/money/homeandproperty/how-cornwall-s-crackdown-on-second-homes-backfired/ar-BB1mmFWU?ocid=winp2fptaskbar&cvid=5dec6af5503849e3a3bb1dae3f11ebf2&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 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

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

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

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

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

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

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

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

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

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

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

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

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

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

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