Property Nomads brings property and all things currency, money and macro straight to you. All with a no-nonsense attitude! EVENT MENTIONED ON PODCAST https://progressiveproperty.online/live-multiple-streams-of-property-income-interest-london/AMB4692 WHERE TO FIND US = https://linktr.ee/thepropertynomadspodcast SOVEREIGN MAN PREMIUM INTELLIGENCE MEMBERSHIP = https://dash.sovereignman.com/a/smc12m995/tpnpodcast SOVEREIGN MAN 4th PILLAR = https://dash.sovereignman.com/a/4pmain/tpnpodcast PROPERTY BOOKS Property FAQs = https://amzn.to/3MWfcL4 Buy To Let: How To Get Started = https://amzn.to/3genjle 101 Top Property Tips =
Rob extends warm Christmas and New Year wishes to you, the listeners while encouraging you to take a break from business stresses and enjoy quality time with family and friends. He shares valuable tips for reflecting on the past year and planning for the upcoming one, emphasising the importance of goal setting and strategic networking in the property market.
KEY TAKEAWAYS
BEST MOMENTS
"It's always nice every once in a while to take your mind off of other things, maybe business stresses or things in your personal life."
"Half the time, goal setting is very important, because it's okay having it in your head, but once you've written it down, that's the first step to achieving it."
"There are always deals out there. There are always opportunities out there."
"When you go networking, what are you looking to try and do? What's the aim of networking?"
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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
Rob discusses the impending landlord exodus expected to impact the UK housing market from 2025 onwards. Citing the latest English Private Landlord Survey, he highlights a significant increase in landlords considering selling their properties, rising from 22% in 2021 to 31% in 2024. The discussion delves into the various factors contributing to this trend, including recent legislative changes, rising mortgage costs, and the challenges posed by the Renters Reform Bill.
KEY TAKEAWAYS
BEST MOMENTS
"There will be a devastating landlord exodus that will hit Britain from 2025 onwards, and it's a culmination of a lot of factors."
"If the supply of available housing for rent decreases... then what happens is an increase in prices."
"Just under two-thirds have blamed the recent legislation changes for the decision."
"Landlords have been operating in an increasingly unfriendly environment."
"If all these properties were sold... that leaves a smaller pool of rental properties that are available."
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
Rob looks into the alarming findings of the English Private Landlord Survey of 2024, revealing that over a third of landlords are raising rents by at least 15% for new tenancies. This surge in rental prices has sparked outrage among renter groups, prompting calls for government intervention to address the escalating costs of housing. The discussion highlights the increasing number of landlords planning to reduce their portfolios, the challenges of energy efficiency in rental properties, and the reluctance of many landlords to accept tenants on housing support.
KEY TAKEAWAYS
BEST MOMENTS
"Over a third of landlords are apparently raising rent by at least 15% for new tenancies."
"Nearly a fifth of those raising the rent on existing tenants did so by a whopping 15 percent or more."
"Eye-watering rents put this out of reach for too many."
"If you put a price cap on something, it's gonna have an inadvertent effect on the people you're trying to protect."
"Unless people want to look into that and admit why this is happening in the first place, I'm not sure we're going to come up with any useful solutions moving forward."
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
Rob discusses a troubling case involving a landlord, Nick Lyons, who faces a £10,000 bill after his rental property in South London was turned into a cannabis farm by tenants who sublet the property without his consent. He highlights the challenges landlords face in the current rental market, particularly regarding tenant protections and the importance of regular property inspections.
KEY TAKEAWAYS
BEST MOMENTS
"The tenant always had an excuse, and because of his good track record, they didn't push further."
"Had this been done earlier, we might have discovered the problem before it escalated."
"It's important to have good systems and processes in place to ensure that regular inspections are being carried out."
"If a landlord or managing agent suspects illegal activity, this does not on its own warrant entry without permission."
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
Rob examines the impact of inflation on property investment, particularly in the context of the recent 3.7% year-on-year increase in UK house prices as reported by the Nationwide House Price Index. He highlights the dynamics of supply and demand in the housing market, emphasising how inflation can be leveraged to build equity over time.
KEY TAKEAWAYS
BEST MOMENTS
"The Nationwide House Price Index in the United Kingdom increased 3.7% year-on-year in November 2024, saying to us that the UK house price growth is accelerating."
"If you're not in property or you're not in things like gold or silver, then your purchasing power decreases."
"If you are in an inflationary environment, the price of the home or the value of the home through inflation should incrementally increase."
"You make your money when you buy, but if the market's not timed properly, then that could lead to all sorts of issues."
"Inflation will, over time, increase the price of an asset, and if you're keeping your original mortgage the same, you'll build a hell of a lot of equity."
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
Rob addresses the growing concerns surrounding spray foam insulation in homes, particularly its impact on selling and remortgaging properties. With major lenders increasingly rejecting homes that have this type of insulation installed, Rob examines the potential issues caused by improper installation, such as moisture buildup and structural damage.
KEY TAKEAWAYS
BEST MOMENTS
"If you have it in your home, then you might have trouble either selling your home or remortgaging."
"The fear from lenders is that with spray foam installation, what it does is it blocks up the rafters."
"It's estimated about a quarter of a million homes have this type of installation."
"There's going to be a lot of cowboy people out there to take advantage of the grant cash."
"If you're looking to have this installed, I personally, I wouldn't recommend it."
VALUABLE RESOURCES
https://www.bbc.co.uk/news/articles/cqjrpv218r0o
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
Rob unpacks the troubling situation surrounding the North Peckham Heating Network in Southwark, South London regarding the exorbitant estimated heating bills faced by residents, exemplified by a case where a tenant received a shocking annual bill of over £5,000 due to the communal heating system.
KEY TAKEAWAYS
KEY TAKEAWAYS
"His estimated bill for the year was 5,094 pounds and 17 pence. That's a lot... that is absolutely ludicrous."
"Heat networks don't really work from a cost efficiency point of view. They just don't at the moment."
"Why are these things classed as commercial systems, if you're dealing with residential buildings?"
"The underlying issue here is that there are a lot of challenges within the energy sector at the moment, they're not going to go away anytime soon."
"We need to have more cohesive and joined up thinking and we're not going to get that with this current policy."
VALUABLE RESOURCES
https://www.bbc.co.uk/news/articles/cvg74903457o
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
Rob discusses the impending ban on no-fault evictions, specifically Section 21 notices, as proposed by the Labour government, set to take effect by the summer of 2025. The conversation highlights the current challenges faced by landlords, who are rushing to issue Section 21 notices before the ban is implemented, resulting in an eight-year high in evictions.
KEY TAKEAWAYS
BEST MOMENTS
"It's no surprise to see that Ministry of Justice figures show between July and September, 8,425 households in England were served with Section 21 notices, which is at an eight-year high."
"By taking that away, you then have this situation where if you want to get your property back, you're now going to struggle to do so."
"If the ombudsman was in place beforehand, and it was being tested, and it was relatively efficient, I think that would be more palatable for most people."
"Landlords will cite the same thing... and a lot of tenants, or housing charities, will take the other side of the fence and just point their fingers at landlords."
"If it was me, I'd flip it and do the ombudsman first and go from there. Let's see what happens."
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
Rob examines the challenges surrounding communal heating systems and the implications of the push towards net zero initiatives. Focusing on a case study from Lillington and Longmore Gardens in South Central London, he highlights the council's plan to invest in an eco-friendly heating system that could lead to significant service charge increases for residents.
KEY TAKEAWAYS
BEST MOMENTS
"There's been a lot of issues with communal heating and heating projects... councils just not thinking because they're being led down a dark and dangerous path."
"The irony being of this system... they’re coming up with this idea of, well, let's put this system in, oh, by the way, it's going to cost X amount."
"Residents... have seen their service charges already increased by about 150%. They're claiming that basic repairs remain unresolved."
"The easy win here... would be to upgrade the existing gas boilers with new gas boilers. That's the easy solution."
"We're being pushed down this area and path that we don't need to be pushed down to."
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
Rob discusses the recent decision by the Bank of England to reduce the base interest rate from 5% to 4.75%, a move that was widely anticipated. He delves into the implications of this rate cut, particularly in light of the government's recent budget, which is expected to stimulate inflation, arguing against the rate reduction, citing historical patterns of inflation and the potential for rising prices due to increased government spending and flawed energy policies.
KEY TAKEAWAYS
BEST MOMENTS
"The Bank of England has reduced the base rate from 5% down to 4.75%. This was widely expected, but what's most interesting are the comments that accompanied the interest rate decision."
"My argument on this podcast has been that the Bank of England shouldn't be reducing rates anyway, because inflation has three waves."
"Although we supposedly had a 22 billion pound black hole, the government have decided to stimulate growth through spending, and with that comes a big bunch of tax increases."
"The inflation measure apparently did fall below the bank's 2% target, but that was always expected to rise again."
"I don't think that rates should be going down at all. They should be going in the other direction because what will happen is that rates will continue to go down and exacerbate inflation."
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
Rob discusses the current economic challenges facing the UK, particularly the alarming national debt that has surpassed £3 trillion, exceeding the country's national income. He examines the implications of this financial situation, including the potential for inflation and the importance of being proactive in managing personal finances, and offers practical advice on safeguarding assets, such as acquiring physical gold and silver as inflation hedges
KEY TAKEAWAYS
BEST MOMENTS
"Britain's got a bit of an issue at the moment and that's in terms of its debt... the debt of Great Britain is likely to exceed £3 trillion."
"Inflation is the stealthiest tax of them all... it means that the cost of that good or service has gone up by 5%."
"If you own the physical gold yourself... there's no counterparty risk. A government cannot print physical gold."
"If you think there's a lot of economic stupidity coming down the line... then looking at gold might be a very good idea for you."
"If you don't have a temporary residency in a different country... then do look at obtaining that and be quick about that if you can."
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
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