Why are you such a fence sitter. You clearly know that things are stacked against Landlords but you never dare to call it out. You seem to want to justify the idiotic decisions which are currently being made by the government. Landlords need to start speaking up and calling this out.
@jamescollinge9082 I cannot even do that for myself, people don't move out every 6 months 😂 I've been renting in the same place for 6 years, I don't remember who was my previous landlord, even less the one before that ahahaha
Fortunately, in 35 years of being a landlord I've only once needed to issue a section 8 and they moved out. I didn't loose too much money. I have had issues with tenants and usually end up talking to them and coming to some solution to get them out, usually at a loss of money to me. As it's 35 years I'm now looking at how to get out by selling properties once every few years. If CGT goes crazy, that's fine I will get a mortgage out and then wait for a more favourable tax regime.
Buying a small flat bedsit property in Gibraltar , you become a resident but don't have to stay 1 day there😂, and there is no CGT or inheritance tax, do through a company best😊
@@johndoe-cc2wq Yep, after we get rid of dole ites and people who do very little work. Hold on, let me do very little and expect lots... Alas, life isn't like that.
@@johndoe-cc2wq What do you think might be a viable alternative? I really don't know what the answer is. We were lucky, 26 years ago, house prices were much lower and though we had low wages, we scrimped, got by and now own our house (allegedly, although you can soon be taxed out of ownership if the powers that be so decree - they'll stick a charge against your house for sure). I despair for the younger generations. Rents are so high that it's impossible to save anything towards a deposit unless you're on a huge wage - which isn't all that common. Unless their parents manage to be under the IHT threshold, the one chance they have at owning a secure roof for life will be taken away. Consider all angles of things and be careful what you wish for before designing a solution. I really am curious, what do you think would be a viable solution? We are all used to things being the way they are, so give an oldie an "outside the box" viewpoint, please. 🙂
Its becoming standard in London for even well paid tenants to now offer a guarantor. That was previously something only needed by people who did not have jobs
I just want prices to lower back to normal rates. Saw a wooden shed with glass windows for £70,000 the other day. No land, just a shed. Not even a trailer to move it.
It's like that with parking spaces too isn't it, and some people sold their detached garages (they are in blocks a short way from the houses) separately round here for shedloads, due to over-building of houses, narrow streets and parking being in high demand. House prices have gone into ridiculous territory too. They need to come down a LOT before most people can even get a chance at buying a house. Rents are ridiculous. Everything is ridiculous, frankly.
I agree with you!! Money actually grow on trees but only on trees that was planted by you!! These tress are referred to as investments. How you diversify your investment portfolio matters
Investing in real estate or mortgages can be an excellent way to grow wealth, almost like planting money to watch it flourish. However, working with a financial adviser is crucial for both beginners and seasoned investors, ensuring your strategy is sound and your decisions are well-informed.
I'm intrigued by this. I've searched for financial advisers online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation?
I've experimented with a few over the past years, but I've stuck with ‘’Julianne Iwersen Niemann” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.
When issuing a notice, remember to add on 2 days for "delivery" of the notice. Got caught out with this on a 28 day notice... that took 5 months for the tribunal to reject because of this.
In the end the changes won't help the most vulnerable - I moved back to the UK 8 years ago and could not get a rental - no job, no recent credit history and no UK landlord references... Fortunatlely I had enough cash from selling up abroad for a cheap terrace in a northern town but was in air BnB's with wife and kids for 3 months before we completed. Stricter vetting criteria makes sense as a landlord but will be untennable for many people less fortunate.
Greed trips landlords. Investment LTV ladder only has the failure risk of overburdened finances forcing you to sell a property. You must be willing to pay the mortgage if the Tennant doesn't, you should not plan for profit until the property is paid off, build your equity with the expectation that if someone pays then you overpay on the debt, this can be scaled once your substantiated, 2-10 people paying down 300-1mill in mortgage debt is a great position to be in as an example. The greedy who risk it all are the ones in trouble no matter the legislation.
@@BrandonSullivan309 couldn't agree more ,10 btls all on repayment ,from day one ,30%ltv now ,was called mad for repaying but now paying them off works out at 10% ROI ,without having to find deposit, sdlt,solicitors, mortgage arrangement fees ,surveyors,refurbishment costs ,just pay off existing mortgages, once paid off 8(years by overpayments)no more bank of England rate hike scares ,no more mortgage companies bullsh!t ,no more ,how can someone F#CK THE MORTGAGE RATES UP IN 40 DAYS (liz truss)and not forgetting a large portion of society who slag landlords off ,having to find all bills above ,work two jobs when renovating,suppling fully refurbished housing from a house I wouldn't let my dog sleep in ,,no more purchases,have great tenants, 15% under market value rent,9 out of ten tenants been 10years plus tenancies, let councils supply the housing from now on ,oh theve got non !Well thought out agenda, government!!
The market is changing rapidly, and it’s crucial to stay informed about potential risks. I’d be interested to hear more about specific factors to watch out for.
"property" isnt the dwellings made of bricks and windows...its the person. The "property market" is really just a legislative domain where we leverage our employment and trade it for residential terms and conditions or estates. Its a massive human management system.
@@LG-Musique The market and new laws will drive out unqualified, greedy landlords. Corporate landlords are here to stay, as they can afford to offer lower rents and aren’t impacted by short-term economic fluctuations or political decisions like private landlords, who quickly pass their bad investment costs onto tenants
i will sell my 3 rentals. i have enough of dealing with people and banks. we have far superior assets these days , lot easier to manage and they appreciate more than Real Estate, which by the way should not be considered money.
You can take a rental loss insurance and pay to add the Tennants name on the policy that way their will be a record or effectively a NO CLAIMS BONUS if they are good tennants
I got an HMO in east London rented out for 5600£. I was curious to see how much an ibuyer offers, I was hoping for some opendoor similar stuff but upstix offered me between 228 and 328k lol. Common. I wouldnt sell it for less than 800k
Land lords will be more strict, I dont let anybody get passed first base if there no landlord reference the appli goes in the bin, I know most of the local landlords so I check and if there’s anything in history it goes in the bin,I find that over 30 people apply for a nice house so you can pick the best people , out of the 30 , it’s not about the money for me it’s about the agrow, I don’t want it or need it,
Stop giving the court you ££££ and time, it's designed to milk you... Pay him to leave politely it saves him stress you stress n £ ... Pay deposit on a place 4him, give him rent 4 weeks and 1 big van n 2 guys to move him out, limited time offer, then he's out n sorted till benefit kicks in n not your problem, it will save you a massive amount of £, wait till you find out n could have court way x3,..
Couple of Rumanian friends are very effective in helping the tenant to move out. There is no "free "in this world, everyone must pay for things. Unless the one declares a charity and houses people for free.
Hopefully normal people can buy homes. On some level i don't think this policy is vary fair, but do you know what else is unfair the mortgage on any given property with 5% down is less than the rent would be so i don't have any simpthry
This is the first time I'm not sure what you are saying about the risk. You say that it takes a lot of time to evict tenants that are playing hard so this is not such a big deal to not have non-fault aviation. Surely you would agree that it is bad now and getting it worse is not a solution...
To summarise, he said that no fault evictions are not the quick fix people think they are and you can still rack up 4 + months of no payments. Then said to mitigate the risks, get thorough references, ask for guarantors, and look at rental payment protection. He was saying risk management is more important than current or future legal options for eviction
True. However, a bad tenant can ruin you, plain and simple. Plus, there are no tax or financial reasons to become a landlord these days are there? If you think there are, please share
@KaanfitnessUk Yes you can discriminate but not overtly. So no more No DSS You discriminate via referencing. No DSS tenant can ever qualify for RGI. Credit files can be asked for. If a tenant refuses then they are advised no application can proceed. Most rents are now more than LHA so DSS tenants can't afford the rent. My rents were always double the LHA rate. DSS tenants can be rejected on income etc.
I was offered DSS tenants 18 months ago and 5 years ago. I said no both times and nothing came of it. I’ve been blessed with 2 amazing tenants who just want a nice home, no games or nonsense.
1:46 Its not remotely unfair on Sally. Name any other area where cotracts are open-ended at the behest of one party. Sally signed a 12m agreement and got the property for 12m. Lefties want to make out that tenants should have all of the rights of ownership but none of the obligations.
Landlordism is killing out economy. All of these small changes are meaningless squabble if the face of needing a radical overhaul in our approach to housings. I'd rather people's money go towards business than stagnating in our unproductive and useless economic setup.
That's so very true. However, if you rent it to someone it then becomes THEIR home. Still cr@p for landlords though. No point buying to let as an investment. This is now dead
@@wll6777 well, if you like paying tax property. If you like an asset that isn't divisible, lacks diversification, can't be held in a tax wrapper, residential property. Otherwise globally diverse bonds and equities inside generous tax wrappers..... You're welcome
@@jamesstilwell26 thanks for the explanation. My friend recently encouraged me to try index fund, maybe it is the time for me to change my mindset about investing spare money and experiment with something new.
of course you think people should still "invest" in property, you have a business precisely around that selling books and your products around BTLs. Repeating the same old silly ideas (e.g. not enough properties, etc) its absurd. It is obviously a very bad idea to purchase property thinking it will be a good investment. It is not. Endless problems, from tenants to councils to taxation to mortgages, accountants, solicitors, to plumbers, electricians, licensing, accountants, insurance, etc. For what? very little money to be made with a gigantic investment to get in in comparison. It is a job, even if you pay for full management they will at the end call you and you will have to decide on any problems (and there are many!). A lot better to invest in an ISA, a SIPP or index funds/etfs: tax free, no problems, simple a truly passive. To all people thinking of purchasing a BTL do not do it, you will enter into a nightmare of problems of which it will be very difficult to leave.
All labour will do is push rents up now landlords have had enough all rents will go up, so tenants will suffer and they are selling up so there isn’t going to be houses to rent now so soon there will be lots of homeless people,
And corporations and banks will buy up the homes so people will rent from them rather than private landlords. It’s a WEF plan to kill middle class and so far so good with Starmer.
@Stuark54 Without BTL mortgages only rich people could be LL. That would result in millions of homeless tenants. The PRS would reduce to about 7% of the housing market as it was before 1996. Don't think you have fully thought through your ridiculous comment
@@paulgbar666 I think I have thought it through thank you very much. I’m not saying BTL mortgages should vanish but banks shouldn’t be allowed to issue new ones. BTL is now unnecessary and is another contributing factor in eliminating first time buyers from the market as the BTL landlords tend to target rundown starter homes that first time buyers would ordinarily purchase to get on the ladder.
You seem to imply that rent arrears can't be recovered? Is that really the case? After you evict a non-paying tenant can't you get the debt settled later when/if the tenant is good to pay? Can you sell that receivable to a factoring company to convert it to cash at a discount immediately?
This is an important topic for property investors. It’s crucial to understand the current risks in the market. What specific factors do you think are contributing to this danger?
I'd still very happily see investment and housing be two very separate things. A world without house hoarding landlords is a world where people can have homes
Not everyone can buy their own home, nor want to. If you are moving to a place for a 2 year stint you are not going to want to buy a place. While there is demand for renting there will always be landlords.
@glostergloster6945 Acquiring property assets for business purposes is not hoarding anything. Same as acquiring hotels or B & B All are property assets to be exploited for PROFIT. It is irrelevant if others want the same asset. They have to pay the price to buy. If they can't or won't they'll have to rent from those who were able to buy the property asset to make profit from. That is how an open market works. If it isn't possible to purchase a property asset that is just TOUGH! Property buying is an open market competition. Anyone can buy as many property assets as they can afford. 90% of LL only own 2 properties because that is all they can afford. There are plenty of properties for sale. Tenants definitely aren't buying them for a wide variety of reasons. Tenants should be thankful for those LL still in the PRS as otherwise they would be homeless. Indeed this is becoming more prevalent as LL are selling up and leaving the PRS in total. It wouldn't matter if every LL sold up every property they gave. Homeless tenants still wouldn't be able to afford to buy.
Landlords who are getting rich off other people may no longer get as rich for doing zero and adding zero value back?! Oh no... i'm literally crying into my cornflakes. Poor you.
@@lordsummerisle852 Let me guess... economic collapse. I'll be forced to sell my home? Then what. Some rich landlord will snap it up, and i'll have to pay them rent? Oh look, proving my point for me again! Leaches.
@GG-mx9fj not quite true there was a push to sell buy to let mortgages as a get rich scheme. My mum died recently the property went straight on the market the return on investment and tax implications only make sense if you add in appreciation over inflation which is unsustainable
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Why are you such a fence sitter. You clearly know that things are stacked against Landlords but you never dare to call it out. You seem to want to justify the idiotic decisions which are currently being made by the government. Landlords need to start speaking up and calling this out.
@PropertyHubUK There are no links to 'watch this video next'. You say this at the end of every video and there are never any links!
A reference from a previous landlord is useless. Because if the tenant is not paying there, they will tell you anything to get rid of him/her.
Ask for a reference from three previous landlords.
@jamescollinge9082 I cannot even do that for myself, people don't move out every 6 months 😂
I've been renting in the same place for 6 years, I don't remember who was my previous landlord, even less the one before that ahahaha
@@Ioria89you can ask to see bank statements for proof of paying rent (and other bills) on time
@@Ioria89 I bet you would keep a record of that information if it was required, change takes time.
@@LG-Musiquesounds like a good idea
Tenants stay put under council advice !!!council telling tenant to ignore a legal notice ,can i ignore the council tax then?
💯
They won't let you off
LANDLORD DATABASE ✅
TENNANT DATABASE ✅
fair on both sides we all want equality
I agree but no chance of a tenant database.
They wish for tenants to be able to discriminate against bad landlords but not the other way around.
Fortunately, in 35 years of being a landlord I've only once needed to issue a section 8 and they moved out. I didn't loose too much money. I have had issues with tenants and usually end up talking to them and coming to some solution to get them out, usually at a loss of money to me. As it's 35 years I'm now looking at how to get out by selling properties once every few years. If CGT goes crazy, that's fine I will get a mortgage out and then wait for a more favourable tax regime.
Buying a small flat bedsit property in Gibraltar , you become a resident but don't have to stay 1 day there😂, and there is no CGT or inheritance tax, do through a company best😊
it's time to finish this landlording culture and profits as well
@@johndoe-cc2wq Yep, after we get rid of dole ites and people who do very little work. Hold on, let me do very little and expect lots... Alas, life isn't like that.
@@johndoe-cc2wq What do you think might be a viable alternative? I really don't know what the answer is. We were lucky, 26 years ago, house prices were much lower and though we had low wages, we scrimped, got by and now own our house (allegedly, although you can soon be taxed out of ownership if the powers that be so decree - they'll stick a charge against your house for sure). I despair for the younger generations. Rents are so high that it's impossible to save anything towards a deposit unless you're on a huge wage - which isn't all that common. Unless their parents manage to be under the IHT threshold, the one chance they have at owning a secure roof for life will be taken away. Consider all angles of things and be careful what you wish for before designing a solution. I really am curious, what do you think would be a viable solution? We are all used to things being the way they are, so give an oldie an "outside the box" viewpoint, please. 🙂
Its becoming standard in London for even well paid tenants to now offer a guarantor. That was previously something only needed by people who did not have jobs
I've noticed this also...
Very true, the new legislation isn't actually going to move the needle... The big risk is accepting a bad tenant.
I just want prices to lower back to normal rates. Saw a wooden shed with glass windows for £70,000 the other day. No land, just a shed. Not even a trailer to move it.
It's like that with parking spaces too isn't it, and some people sold their detached garages (they are in blocks a short way from the houses) separately round here for shedloads, due to over-building of houses, narrow streets and parking being in high demand. House prices have gone into ridiculous territory too. They need to come down a LOT before most people can even get a chance at buying a house. Rents are ridiculous. Everything is ridiculous, frankly.
@@randomnesspersonified Completely agree :(
` The BIGGEST LIE You've Been Told About Money is that it doesn't grow on TREES!! 😆
I agree with you!! Money actually grow on trees but only on trees that was planted by you!! These tress are referred to as investments. How you diversify your investment portfolio matters
Investing in real estate or mortgages can be an excellent way to grow wealth, almost like planting money to watch it flourish. However, working with a financial adviser is crucial for both beginners and seasoned investors, ensuring your strategy is sound and your decisions are well-informed.
I'm intrigued by this. I've searched for financial advisers online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation?
I've experimented with a few over the past years, but I've stuck with ‘’Julianne Iwersen Niemann” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.
Wow, her track record looks really good from what I found online. I'll take a chance and see how it goes. Thanks for the info
When issuing a notice, remember to add on 2 days for "delivery" of the notice. Got caught out with this on a 28 day notice... that took 5 months for the tribunal to reject because of this.
Thank you for another excellent video. Point 5 sums it up: Be a good landlord with a good property and you’ll be able to find good tenants.
In the end the changes won't help the most vulnerable - I moved back to the UK 8 years ago and could not get a rental - no job, no recent credit history and no UK landlord references... Fortunatlely I had enough cash from selling up abroad for a cheap terrace in a northern town but was in air BnB's with wife and kids for 3 months before we completed. Stricter vetting criteria makes sense as a landlord but will be untennable for many people less fortunate.
"malice" is most definitely becasue he has no savings ... that is hi issue. Not the Landlords
HMOs also mitigate the risk. You can hold back one room.and switch to lodging accommodation in extremis.
No you can't if there is a BTL mortgage in place.
Most insurance companies look for reasons not to pay out on a claim regardless of how immaculate the paperwork is or how strong the claim.
Do you have actual experience of this? If so, which company?
@@moodobusiness Its common knowledge. And yes I also have personal experience of it.
@@privateprivate2421 name names so we don’t insure at the same company
Who's gonna be a guarantor in UK !? When even the brother's hate each other..
Thats bullshit
Am I i correct in thinking a no fault eviction notice will still be available if you want to sell the property ?
Love the simple straight to the point information. Great video
Really good information & advice
1. guarantors, 2. Debt collection (few want a CCJ)
Greed trips landlords.
Investment LTV ladder only has the failure risk of overburdened finances forcing you to sell a property.
You must be willing to pay the mortgage if the Tennant doesn't, you should not plan for profit until the property is paid off, build your equity with the expectation that if someone pays then you overpay on the debt, this can be scaled once your substantiated, 2-10 people paying down 300-1mill in mortgage debt is a great position to be in as an example.
The greedy who risk it all are the ones in trouble no matter the legislation.
@@BrandonSullivan309 couldn't agree more ,10 btls all on repayment ,from day one ,30%ltv now ,was called mad for repaying but now paying them off works out at 10% ROI ,without having to find deposit, sdlt,solicitors, mortgage arrangement fees ,surveyors,refurbishment costs ,just pay off existing mortgages, once paid off 8(years by overpayments)no more bank of England rate hike scares ,no more mortgage companies bullsh!t ,no more ,how can someone F#CK THE MORTGAGE RATES UP IN 40 DAYS (liz truss)and not forgetting a large portion of society who slag landlords off ,having to find all bills above ,work two jobs when renovating,suppling fully refurbished housing from a house I wouldn't let my dog sleep in ,,no more purchases,have great tenants, 15% under market value rent,9 out of ten tenants been 10years plus tenancies, let councils supply the housing from now on ,oh theve got non !Well thought out agenda, government!!
The market is changing rapidly, and it’s crucial to stay informed about potential risks. I’d be interested to hear more about specific factors to watch out for.
"property" isnt the dwellings made of bricks and windows...its the person. The "property market" is really just a legislative domain where we leverage our employment and trade it for residential terms and conditions or estates. Its a massive human management system.
The system now for landlords is terrible.
That’s what they want. Only the “big” landlords can afford the new system. It makes property investing even more exclusive.
the time of easy money is going away
no its excellent
@@simondaniel446 how?
@@LG-Musique The market and new laws will drive out unqualified, greedy landlords. Corporate landlords are here to stay, as they can afford to offer lower rents and aren’t impacted by short-term economic fluctuations or political decisions like private landlords, who quickly pass their bad investment costs onto tenants
Thanks for your video and your advice. ❤❤❤
Rental insurance is the key good video❤❤❤
If people just paid their rent, and landlords were not greedy we wouldn’t have this mess.
i will sell my 3 rentals. i have enough of dealing with people and banks. we have far superior assets these days , lot easier to manage and they appreciate more than Real Estate, which by the way should not be considered money.
I honestly think your money is better in a dividend stock Portfolio
Good video , thanks
Do you have any recommendations for the rent insurance policies??
Section 8 will cause lots of tenants to end up with ccj’s…… Those tenants will then never be able to rent again.
Excellent - thank you😊.
Which rental guarantee provider do you use at the moment?
The no section 21 now means no notice from landlord within the first 12 months of a new ast
You can take a rental loss insurance and pay to add the Tennants name on the policy that way their will be a record or effectively a NO CLAIMS BONUS if they are good tennants
Is that rental loss insurance tax deductible?
@@AmeyBrunel accountant I see ?
renters should bring their own insurance.
I got an HMO in east London rented out for 5600£. I was curious to see how much an ibuyer offers, I was hoping for some opendoor similar stuff but upstix offered me between 228 and 328k lol. Common. I wouldnt sell it for less than 800k
Nice channel mate just bought 3 properties in the UK and this is super helpful
Land lords will be more strict, I dont let anybody get passed first base if there no landlord reference the appli goes in the bin, I know most of the local landlords so I check and if there’s anything in history it goes in the bin,I find that over 30 people apply for a nice house so you can pick the best people , out of the 30 , it’s not about the money for me it’s about the agrow, I don’t want it or need it,
I have rent insurance, which pays out over 12 months.
That’s it, I’m selling up.
Wait reform is on the way for tennants too, "rental records" will be implemented
@matthewsimpry4217 I'm afraid to ask but what are they? (Or were just being sarcastic sorry if you were hard to tell with just text)
100 with labour
Landlords have insurance for non payment
Lol... there is no legal requirement for it... and it wouldnt be cheap if you had it, cost would need to be passed on to tenant.
Stop giving the court you ££££ and time, it's designed to milk you...
Pay him to leave politely it saves him stress you stress n £ ...
Pay deposit on a place 4him, give him rent 4 weeks and 1 big van n 2 guys to move him out, limited time offer, then he's out n sorted till benefit kicks in n not your problem, it will save you a massive amount of £, wait till you find out n could have court way x3,..
Couple of Rumanian friends are very effective in helping the tenant to move out.
There is no "free "in this world, everyone must pay for things. Unless the one declares a charity and houses people for free.
Now Tennants will require a "rental record" making it more two sided a bit like a no claims bonus for your car insurance 😅😅😅😅😅😅😅😅
Great news, my HMO s are going to bring in more milk. Rents are up on my HMO s nearly 50% since the pandemic, not too bad.
Corporate lets . Best route now!
Hopefully normal people can buy homes. On some level i don't think this policy is vary fair, but do you know what else is unfair the mortgage on any given property with 5% down is less than the rent would be so i don't have any simpthry
This is the first time I'm not sure what you are saying about the risk. You say that it takes a lot of time to evict tenants that are playing hard so this is not such a big deal to not have non-fault aviation. Surely you would agree that it is bad now and getting it worse is not a solution...
To summarise, he said that no fault evictions are not the quick fix people think they are and you can still rack up 4 + months of no payments. Then said to mitigate the risks, get thorough references, ask for guarantors, and look at rental payment protection. He was saying risk management is more important than current or future legal options for eviction
True. However, a bad tenant can ruin you, plain and simple. Plus, there are no tax or financial reasons to become a landlord these days are there? If you think there are, please share
You suggest verifying income and employment status but you're can't refuse DSS tenants now
You can, by just not accepting an offer to start with and going with someone who isnt on DSS.
Yes you can because no DSS tenant will ever qualify for RGI
You're not allowed to discriminate on the advert. That's all.
@KaanfitnessUk
Yes you can discriminate but not overtly.
So no more
No DSS
You discriminate via referencing.
No DSS tenant can ever qualify for RGI.
Credit files can be asked for.
If a tenant refuses then they are advised no application can proceed.
Most rents are now more than LHA so DSS tenants can't afford the rent.
My rents were always double the LHA rate.
DSS tenants can be rejected on income etc.
I was offered DSS tenants 18 months ago and 5 years ago.
I said no both times and nothing came of it. I’ve been blessed with 2 amazing tenants who just want a nice home, no games or nonsense.
1:46 Its not remotely unfair on Sally. Name any other area where cotracts are open-ended at the behest of one party. Sally signed a 12m agreement and got the property for 12m. Lefties want to make out that tenants should have all of the rights of ownership but none of the obligations.
But he's kicking her out 2 months early you twat
Landlordism is killing out economy. All of these small changes are meaningless squabble if the face of needing a radical overhaul in our approach to housings. I'd rather people's money go towards business than stagnating in our unproductive and useless economic setup.
This is a joke its our property.
That's so very true. However, if you rent it to someone it then becomes THEIR home. Still cr@p for landlords though. No point buying to let as an investment. This is now dead
Good video
Property is just a shit asset class in every way
Any other suggestions please😂
@@wll6777 well, if you like paying tax property. If you like an asset that isn't divisible, lacks diversification, can't be held in a tax wrapper, residential property. Otherwise globally diverse bonds and equities inside generous tax wrappers..... You're welcome
@@jamesstilwell26 thanks for the explanation. My friend recently encouraged me to try index fund, maybe it is the time for me to change my mindset about investing spare money and experiment with something new.
@@wll6777 no worries. I'm mid divorce, and selling my BTL is a fcking pain. Selling my vanguard life strategy fund took 5 seconds.
of course you think people should still "invest" in property, you have a business precisely around that selling books and your products around BTLs. Repeating the same old silly ideas (e.g. not enough properties, etc) its absurd. It is obviously a very bad idea to purchase property thinking it will be a good investment. It is not. Endless problems, from tenants to councils to taxation to mortgages, accountants, solicitors, to plumbers, electricians, licensing, accountants, insurance, etc. For what? very little money to be made with a gigantic investment to get in in comparison. It is a job, even if you pay for full management they will at the end call you and you will have to decide on any problems (and there are many!). A lot better to invest in an ISA, a SIPP or index funds/etfs: tax free, no problems, simple a truly passive. To all people thinking of purchasing a BTL do not do it, you will enter into a nightmare of problems of which it will be very difficult to leave.
All labour will do is push rents up now landlords have had enough all rents will go up, so tenants will suffer and they are selling up so there isn’t going to be houses to rent now so soon there will be lots of homeless people,
Agree 100%
That is so true
And corporations and banks will buy up the homes so people will rent from them rather than private landlords.
It’s a WEF plan to kill middle class and so far so good with Starmer.
Personally I think landlords need protection from themselves. Buy to let mortgages should be banned.
@Stuark54 Without BTL mortgages only rich people could be LL.
That would result in millions of homeless tenants.
The PRS would reduce to about 7% of the housing market as it was before 1996.
Don't think you have fully thought through your ridiculous comment
@@paulgbar666 I think I have thought it through thank you very much. I’m not saying BTL mortgages should vanish but banks shouldn’t be allowed to issue new ones. BTL is now unnecessary and is another contributing factor in eliminating first time buyers from the market as the BTL landlords tend to target rundown starter homes that first time buyers would ordinarily purchase to get on the ladder.
Can there be another election and we throw labour out ?
And get back the Tories are you joking
Why are we in the mess we're in well 14 years of complete economic incompetence for a start
@@SlowhandGreg maybe bring Trump 😂
You seem to imply that rent arrears can't be recovered? Is that really the case? After you evict a non-paying tenant can't you get the debt settled later when/if the tenant is good to pay? Can you sell that receivable to a factoring company to convert it to cash at a discount immediately?
This is an important topic for property investors. It’s crucial to understand the current risks in the market. What specific factors do you think are contributing to this danger?
In the UK Sally needs to marry Richard to be able to have a roof over her head in the first place…end of
Tenants needs to stop paying
why is it unfair on Sally ? It's Chris's home and he's moving into it .. that's what ownership allows.
No it doesn't if there is a BTL mortgage in place.
A LL commits mortgage fraud
Goof video
I'd still very happily see investment and housing be two very separate things. A world without house hoarding landlords is a world where people can have homes
Not everyone can buy their own home, nor want to. If you are moving to a place for a 2 year stint you are not going to want to buy a place. While there is demand for renting there will always be landlords.
Absolute twaddle.
Provision of accommodation services is not hoarding houses.
@@paulgbar666 Depends what you mean by 'hoarding houses'.
@glostergloster6945 Acquiring property assets for business purposes is not hoarding anything.
Same as acquiring hotels or B & B
All are property assets to be exploited for PROFIT.
It is irrelevant if others want the same asset.
They have to pay the price to buy.
If they can't or won't they'll have to rent from those who were able to buy the property asset to make profit from.
That is how an open market works.
If it isn't possible to purchase a property asset that is just TOUGH!
Property buying is an open market competition.
Anyone can buy as many property assets as they can afford.
90% of LL only own 2 properties because that is all they can afford.
There are plenty of properties for sale.
Tenants definitely aren't buying them for a wide variety of reasons.
Tenants should be thankful for those LL still in the PRS as otherwise they would be homeless.
Indeed this is becoming more prevalent as LL are selling up and leaving the PRS in total.
It wouldn't matter if every LL sold up every property they gave.
Homeless tenants still wouldn't be able to afford to buy.
Landlords who are getting rich off other people may no longer get as rich for doing zero and adding zero value back?! Oh no... i'm literally crying into my cornflakes. Poor you.
Nevermind. You might not even have a bedsit to cry in by the time Starmer and co are finished
Someone doesn’t have the sense to know what’s going on.
@@lordsummerisle852 cry more, leech.
@@lordsummerisle852 Let me guess... economic collapse. I'll be forced to sell my home? Then what. Some rich landlord will snap it up, and i'll have to pay them rent? Oh look, proving my point for me again! Leaches.
Let me guess, you're a bitter and twisted leftie.
They are not 'investments', they are people's homes, you vampires!
It’s only their home because they’ve let it out. Most landlords are accidental, like inheriting a property and letting it out.
@GG-mx9fj not quite true there was a push to sell buy to let mortgages as a get rich scheme.
My mum died recently the property went straight on the market the return on investment and tax implications only make sense if you add in appreciation over inflation which is unsustainable
Worst housing in oecd nboth in quality and price.
I not ice that. Especially new builds are terrible and small.