The Property Podcast

The Property Podcast

United Kingdom

The Property Podcast is the podcast for all property investors, new or experienced. Rob Bence and Rob Dix discuss a different property topic and property news item every week, passing on their knowledge and experience to the listeners. They both invest in UK property so they practise what they preach. No hard sell, no bull, just straight-talking property investment advice!

Episodes

TPP231 5 unusual ways to find the perfect tenant  

So this week we put out episode 100 of Ask Rob & Rob, which is a pretty cool number. If you haven't asked a question yet, then it's easy to do - jut call 013808 00035 or go to thepropertyhub.net/ask. 

We are also expanding with Yellow and are reaching new cities all the time. Did you know we now cover all of the NorthWest, Yorkshire, Midlands and London? Because of this we need more tradespeople all the time, can you help or do you know someone who might want to be added to our little black book of awesome trades? If you do, click here to get in touch. 

Now on to the topic in hand this week, unusual ways to find tenants. Most landlords will be aware of Rightmove and Zoopla as the big portals for Sales and Lettings and any agent worth their salt should be listed with both. If you self manage you should also be using an online service to list with these two main portals.

Gumtree

A major listing site for anyone with something to sell, but did you know you can also let property here. We tested gum tree out recently a got great results in some areas like York, but not others like London. It’s free to list and the paid version which we use is still very cheap. So why not try it for your area and see how you get on.

Foreign tenant networks

There are many areas of the UK where communities of foreign nationals live. Lincoln being a prime example of this. If you have a few properties in one of these areas then once you’ve let one you may find it easier to let them all. We have found that by treating these tenants well, they are quick to place other tenants from their network for you. This maybe through online portals they communicate through or word of mouth.

Facebook groups

Yes the world's biggest social media platform has it’s uses outside of endless cat videos and too many pics of other people's children you really don’t need to see quite as much as you do. But it can also be a great place to pick up tenants. There are many community Facebook groups and chances are your perspective tenants are checking them out. 

Refer a friend

So simple but it works, if you have a portfolio of properties in one area and one becomes free then ask your current tenants in your other properties to refer a friend. At Yellow we offer these tenants a £50 Amazon voucher to motivate them.

Major local employers

You should be only investing in areas with lots of major employers this helps tenant demand and increases the potential for capital growth. It’s one of the key fundamentals you should look for. So if you’ve made a conscious choice to invest in one of these areas then why not go straight to the source for tenants. If we have a number of properties in one block (which happens because investors who use RMP go on to use Yellow) we will contact major employers in the area and attempt to get on their bulletin boards or listed on their intranet. As nobody else seems to do this, you’d be surprised at the success rate. We’ve had success with airports and factories in the past.

News story of the week: Liverpool handed boost for 2022 Commonwealth Games by being named UK's top sporting city

Rob B loves this news story for obvious reasons. Check out the latest boost to Liverpool's seemingly never ending success story in recent years as a powerhouse of a city, you can read all about it here.

Resource of the week

Stands is a Fair AdBlocker that blocks ads, popups, malware, and trackers. It's fast, light, speeds up your browsing and saves you time. And if you agree to allow a few ads on participating websites, they can be sustainable while respecting your choice. Find out more here.

Join the conversation over in the forum

Other suggestions? Join the conversation in the forum.

If you enjoyed The Property Podcast, please leave a review on iTunes

Reviews are really important in helping other people to find the show, so by way of thanks we read out every single review we receive on air.

If you’d like to hear your name on the show, leave us a review on iTunes here.

Not sure how to leave a review? This video shows you how to review and subscribe on iTunes.

ASK101: How do I get JV finance for my project? PLUS: How does the long-term debt cycle relate to property?  

It's time for another couple of questions in this week's edition of 'Ask Rob & Rob', Greg...

...asks Rob & Rob...How do I get JV finance for my project? PLUS: How does the long-term debt cycle relate to property?

ASK YOUR OWN QUESTION TO ROB & ROB!

Don't be shy! All you need to do is leave a message with your name and whatever's on your mind.

Just pick up the phone and call 013 808 00035 (normal UK call rates apply).

Or if you prefer, click here to leave a recording via your computer instead.

NEED MORE ANSWERS?

The Property Hub Summit is the place to get all your questions personally answered by Rob & Rob, and build a network of other smart, motivated investors.

Over the course of a full day at a swanky hotel we'll help you set your goals, form a plan to get you there, overcome your obstacles, and give you the support system you need to make sure nothing gets in your way.

Just don't hang around - there are only four Summits each year, and just 8 places available at each!

Interested? Click here to find out more.

TPP230 13 surprising facts about the UK rental market and a rant  

We've waited four years for Rob D to rant and this is the episode where it finally happens.

This week's topic takes information from an official government publication 'The English Housing Survey' which you can find here.

Here are some of the facts we look at in the report:

Size & composition of rental sector

4.5m households are in PRS. That’s 20% of all households. Up from 12% in 2006 24% of private renters receive housing benefit, but only 5% had their full rent covered by HB 74% were working

Ability to pay rent

Households in the PRS spend 35% of their income on rent. 45% in London, 32% excluding London 71% found it “fairly” or “very” easy to pay their rent. Falls to 41% in London 9% of private renters had been in arrears in the last year, compared to 25% of social renters Mean weekly rent is £184 overall: £300 in London, £153 outside London. Slightly more expensive than the average mortgage payment 66% of private renters have no savings. Of the 1/3 who did, 41% of them were under £5,000. Scary!

Length of tenancy and satisfaction

 

Average tenancy length 4.3 years

 

82% satisfied with accommodation. 10% dissatisfied, compared to 13% of social renters Of those who had repairs carried out in last 12 months, 18% were dissatisfied with how it was done. Compared to 22% of social renters

Why last tenancy ended

73% because they wanted it to. 11% ended by landlord. Only 2% left because of rent increase Of those 11% ended by LL, 63% were because the landlord wanted to sell or use the property (but could be skewed)

So these stats would indicate that private landlords are not doing too bad of a job in fact.

But hang on a minute, another perspective came out recently which, on the face of it, looks very different which was reported in Guardian as "Landlords are turfing people out of their homes without reason - and it's completely legal" And here we have the fuel for Rob D's very first rant in four years. You'll have to listen to the podcast in full to listen to him go... 

Resource of the week

Thanks to Damien for this resource, which is a good one. It's another look at the private rental market and gives you even more data than we've discussed already. Check this one out here

Join the conversation over in the forum

Want to join in the ranting? Join the conversation in the forum.

If you enjoyed The Property Podcast, please leave a review on iTunes

Reviews are really important in helping other people to find the show, so by way of thanks we read out every single review we receive on air.

If you’d like to hear your name on the show, leave us a review on iTunes here.

Not sure how to leave a review? This video shows you how to review and subscribe on iTunes.

ASK100: Can I trust my mortgage broker? PLUS: How do I find an absent owner?  

It's time for another couple of questions in this week's edition of 'Ask Rob & Rob', Russell...

...asks Rob & Rob...Can I trust my mortgage broker? PLUS: How do I find an absent owner?

ASK YOUR OWN QUESTION TO ROB & ROB!

Don't be shy! All you need to do is leave a message with your name and whatever's on your mind.

Just pick up the phone and call 013 808 00035 (normal UK call rates apply).

Or if you prefer, click here to leave a recording via your computer instead.

NEED MORE ANSWERS?

The Property Hub Summit is the place to get all your questions personally answered by Rob & Rob, and build a network of other smart, motivated investors.

Over the course of a full day at a swanky hotel we'll help you set your goals, form a plan to get you there, overcome your obstacles, and give you the support system you need to make sure nothing gets in your way.

Just don't hang around - there are only four Summits each year, and just 8 places available at each!

Interested? Click here to find out more.

TPP229 The mortgage shake-up you need to understand  

It's Meetup night tonight, and we're hoping lots of you are headed to our free and friendly gatherings all across the UK and beyond. If you haven't yet booked your ticket you can find your nearest location here. Rob B is heading to the coast, and will be in Bournemouth saying hi to some local Hubbers there.

Now, on to this week's episode which is all about a shake up in the mortgage market that may have just slipped under the radar. Now, some of you won't be affected by this at all but some of you really will so you wont want to miss the details.

So, the Bank Of England has an arm called the Prudential Regulation Authority (PRA) that regulates lenders. They’ve brought in new rules that lenders must follow, to avoid the risky lending that contributed to the last crash.

This is happening in two parts:

Tougher rental cover tests, since January 2017 “Portfolio landlord” underwriting, from September 2017

So what are the rules on rental cover:

The rent must cover at least 125% of the mortgage payment when the interest rate is at least 5.5% – but many lenders are using 145% Rule of thumb - each £100 of monthly rent will support £15,000 of borrowing So £500 rent = £75,000 borrowing. If it costs £100k, you’re fine. More than that, you’ll need a larger deposit = lower ROI However this doesn't apply to: - Mortgages for limited companies - Bridging lending - Commercial or semi-commercial property - Holiday lets - Any loans with a fixed term of five years or longer Effect: You won’t get as much leverage for lower-yielding properties

 

What about the forthcoming portfolio Landlord underwriting?

So the definition of “portfolio landlord” is someone with 4 or more mortgaged properties Any properties in a Ltd Co also count towards the total Every lender can decide what they want to see, but PRA suggests they look at: - Property portfolio spreadsheet - Cashflow forecast spreadsheet - Income and expenditure spreadsheet - Business plan - Three months' bank statements - SA302s and tax overviews from HMRC - Tenancy agreements for all properties Basically you need to make a case for the new loan in the context of your entire “rental business”, not just the property you’re buying Effect: Slower applications because more for lender to look at More declines, because there’s more they could decide they don’t like (Doesn’t apply to Ltd Companies, but they have to do most of this anyway)

So what does all of this mean?

The rental cover tests means bigger deposits in London and a few other areas, but shouldn’t affect elsewhere Portfolio Landlord criteria will make for painful applications, but it’s hard to be annoyed about it because if you were going for a business loan they’d want to see all this stuff - and it is a business BUT it’s yet another measure that will deter amateur landlords...which could play into the wobble and mean opportunity for investors who are serious News story of the week: Research reveals extent of price drops by property agents in London

35% of London properties have had a price reduction since they were first marketed.

Nationally, 77% of properties are selling below asking price.

Wobble time? Maybe so. It certainly looks like a buyers market right now. 

Resource of the week

http://podsync.net/ is a simple and free service that lets you listen to any YouTube or Vimeo channels, playlists or user videos in podcast format.

Join the conversation over in the forum

Will this be something that affects you? Join the conversation in the forum.

If you enjoyed The Property Podcast, please leave a review on iTunes

Reviews are really important in helping other people to find the show, so by way of thanks we read out every single review we receive on air.

If you’d like to hear your name on the show, leave us a review on iTunes here.

Not sure how to leave a review? This video shows you how to review and subscribe on iTunes.

ASK99: How can I flip properties remotely? PLUS: The costs of 10-year fixes  

It's time for another couple of questions in this week's edition of 'Ask Rob & Rob', Kush and Fez...

...ask Rob & Rob...How can I flip properties remotely? PLUS: The costs of 10-year fixes

ASK YOUR OWN QUESTION TO ROB & ROB!

Don't be shy! All you need to do is leave a message with your name and whatever's on your mind.

Just pick up the phone and call 013 808 00035 (normal UK call rates apply).

Or if you prefer, click here to leave a recording via your computer instead.

NEED MORE ANSWERS?

The Property Hub Summit is the place to get all your questions personally answered by Rob & Rob, and build a network of other smart, motivated investors.

Over the course of a full day at a swanky hotel we'll help you set your goals, form a plan to get you there, overcome your obstacles, and give you the support system you need to make sure nothing gets in your way.

Just don't hang around - there are only four Summits each year, and just 8 places available at each!

Interested? Click here to find out more.

TPP228 Tips to save and make you money  

Next week will be a busy one - as well as our meetups which, as always, are happening on the first Thursday of the month (find your nearest location and register for your free place here) - our latest magazine will be hitting doorsteps at the end of the month.  If you haven't already done so, check out the information about the mag here... as well as a printed copy, for £5 a quarter you also get access to our webinars which are exclusively for magazine subscribers and immediate digital access to all back issues.

 

In this episode, we'll be giving you seven handy tips to put more money in your back pocket.  With ancestors in Yorkshire and Scotland, Rob D has definitely got a desire to save money in his genes, and Rob B is a self-confessed "value hunter"!

We'll be discussing ways to limit your leasehold charges, how to get trade deals, making your education costs (such as books, magazines and Summits / courses) tax deductible, the importance of an annual portfolio audit which could make a huge difference to your costs even with a portfolio of one, and how to upgrade to First Class train travel for negligible additional cost.

You could join LNPG for discounts on boilers, bathrooms, flooring etc - and don't forget you can claim 10% off the annual sign up fee if you quote "RD10".

And take a look at moneysavingexpert.com's cheap energy club, which could save you a significant amount particularly for holiday lets or HMOs.

None of our tips will take up too much of your time.  Simply knowing about them or signing up once in many cases, could result in significant savings.

 

News story of the week: 10 UK towns where property sales have risen and fallen the most

Many studies look at prices, but this one looks at transaction volumes and shows nine out of ten of the biggest fallers to be in London and the SE with Brent falling a whopping 30%. And Retford in the East Midlands saw the biggest rise in 2016. Yet more evidence of money moving out of the capital to areas where there's more value.  Take a look at the story in full here.

Resource of the week

Back to our first money saving tip... and an easy way to ensure that a freeholder charges you no more than £40 for a consent to sub-let.  Here's a template letter for you to sign and send.

 

Join the conversation over in the forum

What do you think of our money saving tips? Have you any more to add? Join the conversation in the forum.

 

If you enjoyed The Property Podcast, please leave a review on iTunes

Reviews are really important in helping other people to find the show, so by way of thanks we read out every single review we receive on air.

If you’d like to hear your name on the show, leave us a review on iTunes here.

Not sure how to leave a review? This video shows you how to review and subscribe on iTunes.

ASK098: How should I prepare for the mid-cycle wobble? PLUS: Will this cycle be longer or shorter than usual?  

It's time for another couple of questions in this week's edition of 'Ask Rob & Rob', Dave and Pete...

...ask Rob & Rob...How should I prepare for the mid-cycle wobble? PLUS: Will this cycle be longer or shorter than usual?

ASK YOUR OWN QUESTION TO ROB & ROB!

Don't be shy! All you need to do is leave a message with your name and whatever's on your mind.

Just pick up the phone and call 013 808 00035 (normal UK call rates apply).

Or if you prefer, click here to leave a recording via your computer instead.

NEED MORE ANSWERS?

The Property Hub Summit is the place to get all your questions personally answered by Rob & Rob, and build a network of other smart, motivated investors.

Over the course of a full day at a swanky hotel we'll help you set your goals, form a plan to get you there, overcome your obstacles, and give you the support system you need to make sure nothing gets in your way.

Just don't hang around - there are only four Summits each year, and just 8 places available at each!

Interested? Click here to find out more.

TPP227 How to build a high-value property network  

In this episode, we're looking at how to build high-value networks.  We'll be suggesting ways to avoid the mistakes that we see all too frequently, helping you to build a network that will rocket your success.

The problem is that the people you really want to connect with are busy, and already have their own network - so they’re not motivated to get to know you. What do you do?

We talked about the basics in Episode 133, and now we delve deeper into seven areas, from making contact little and often, to sharing what you are learning (a great way to do this is to start a progress journal on the forum - check them out here), and using your network to grow your network.

Everything we talk about also applies to life outside property... perhaps you are looking to network in a business context, or make contacts relating to interests outside of work?

 

Our new online course...

Don't forget to check out our new, totally free course: Which Strategy Is Right For You?. If you're yet to discover all of our free training content then you're missing out - you can find it all here .

 

News story of the week: Property industry leaders announce 'game-changing' breakthrough in bid to reduce risks of commercial property lending boom and bust

This grabbed our attention because, even though about commercial property, it's interesting that senior people in the industry are taking note of the 18-year property cycle. The article looks at a new way of measuring real estate values that may help smooth the market’s notorious cycles of boom and bust.  Take a look at the story in full here.

 

Resource of the week

Rob B's new purchase is the Amazon Echo and he's having fun asking Alexa to play music, provide information, predict the weather and even tell jokes! Who would have realised he was such a Spice Girls fan too...

 

Join the conversation over in the forum

Have you been able to develop a high-value network, and what have you learned along the way? Join the conversation on the forum.

 

If you enjoyed The Property Podcast, please leave a review on iTunes

Reviews are really important in helping other people to find the show, so by way of thanks we read out every single review we receive on air.

If you’d like to hear your name on the show, leave us a review on iTunes here.

Not sure how to leave a review? This video shows you how to review and subscribe on iTunes.

ASK97: Where in Manchester should I be looking to buy? PLUS: How can I release more equity from my home?  

It's time for another couple of questions in this week's edition of 'Ask Rob & Rob', two listeners...

...ask Rob & Rob...Where in Manchester should I be looking to buy? PLUS: How can I release more equity from my home?

ASK YOUR OWN QUESTION TO ROB & ROB!

Don't be shy! All you need to do is leave a message with your name and whatever's on your mind.

Just pick up the phone and call 013 808 00035 (normal UK call rates apply).

Or if you prefer, click here to leave a recording via your computer instead.

NEED MORE ANSWERS?

The Property Hub Summit is the place to get all your questions personally answered by Rob & Rob, and build a network of other smart, motivated investors.

Over the course of a full day at a swanky hotel we'll help you set your goals, form a plan to get you there, overcome your obstacles, and give you the support system you need to make sure nothing gets in your way.

Just don't hang around - there are only four Summits each year, and just 8 places available at each!

Interested? Click here to find out more.

TPP226 The recipe for successful joint ventures  

This week we are excited to bring you a brad new, totally free course called 'Which Strategy Is Right For You?'. If you're yet to discover all of our free training content then you're missing out - you can find it all here (including the brand new course).

In this week's episode we're talking about joint ventures for the first time in three years.

They’re still a hot topic in property so we wanted to revisit and go into more detail. It’s the cover story in the next magazine...more on that later

What is a joint venture?

Often one person with skills/knowledge and one with money, but by no means always.

Why do it?

Generally you would embark on a JV to access skills/resources that you don’t have, e.g.

You have the skills to do a flip, and JV with someone who has cash You’re a builder looking for a project, and partner with a local investor who has access to deals You JV with someone who owns land for a development project

What types of JV are there?

Profit share: At the end of the project, you split any profit in pre-agreed shares Fixed interest: The partner putting in the money gets an agreed rate of interest, whatever the success of the project Which is best depends on who’s putting in what, the sophistication of the investor, etc

In the podcast The Robs take a look at why you might not want to joint venture, when could it be property investment disaster, and when is it just not worth the hassle.

But if if it is for you then we also discuss how to find a good JV partner.

News story of the week: More buy to let lending in UK going to limited companies

Limited company is now the dominant model in investment with over half of BTL lending by value now going to limited companies. Take a look at the story in full here

Join the conversation over in the forum

Have you had a good or bad JV experience, and what have you learned along the way? Join the conversation on the forum.

If you enjoyed The Property Podcast, please leave a review on iTunes

Reviews are really important in helping other people to find the show, so by way of thanks we read out every single review we receive on air.

If you’d like to hear your name on the show, leave us a review on iTunes here.

Not sure how to leave a review? This video shows you how to review and subscribe on iTunes.

TPP225:  How do successful investors think?  

We recently spent a whole day talking property with a couple of hundred people who attended our Discovery Day. Time and time again we are reminded that people don't know much - or even anything - about our other businesses, RMP Property and Yellow Lettings, and it was great to meet and share information with many of you. Watch this space for future Discovery Day dates...

This week we're looking at mindset, and how biases can lead you down a certain path which could result in decisions which are not optimal for your property investments.  We discuss how to be aware of these biases, backed up with plenty of examples, and provide very actionable ways to fix them.

We'd encourage you to pair this episode with our previous podcast on mindset

We know that mindset can make a huge difference to your success as an investor... but listening to a podcast once isn't enough! These are things you have to work on constantly.

News story of the week: Google's huge London property empire is starting to take shape

Google is moving into a number of new properties in the area behind King's Cross - you can have a look here at the buildings which contain a basketball court, swimming pool, 300m rooftop walkway and a floating staircase.

Resource of the week

A highly recommended read, which nicely ties in with this episode is Tony Robbins' latest book: Unshakeable: Your Guide to Financial Freedom

Join the conversation over in the forum

What do you make of Rob & Rob's musings on mindset? Head over to the forum to discuss in more detail here.

If you enjoyed The Property Podcast, please leave a review on iTunes

Reviews are really important in helping other people to find the show, so by way of thanks we read out every single review we receive on air.

If you’d like to hear your name on the show, leave us a review on iTunes here.

Not sure how to leave a review? This video shows you how to review and subscribe on iTunes.

ASK95: What are the advantages of being a cash buyer? PLUS: How do I finance a flip?  

It's time for another couple of questions in this week's edition of 'Ask Rob & Rob' Sam and Barnaby...

...ask Rob & Rob...What are the advantages of being a cash buyer? PLUS: How do I finance a flip?

ASK YOUR OWN QUESTION TO ROB & ROB!

Don't be shy! All you need to do is leave a message with your name and whatever's on your mind.

Just pick up the phone and call 013 808 00035 (normal UK call rates apply).

Or if you prefer, click here to leave a recording via your computer instead.

NEED MORE ANSWERS?

The Property Hub Summit is the place to get all your questions personally answered by Rob & Rob, and build a network of other smart, motivated investors.

Over the course of a full day at a swanky hotel we'll help you set your goals, form a plan to get you there, overcome your obstacles, and give you the support system you need to make sure nothing gets in your way.

Just don't hang around - there are only four Summits each year, and just 16 places available at each!

Interested? Click here to find out more.

TPP224: Back to the future: how to predict future property prices  

This week we have been busy putting the finishing touches to the next issue of The Property Hub Magazine, which is looking fantastic. We've also been planning the details for the new and improved Property Hub Summits which we will give you more details on very soon.

The topic this week is how to predict future property prices and we've used lots of historical data in order to help us forecast what the next few years may have in store for the property market in the UK. 

If you'd like to take a look at the data we used for our research then check out The Nationwide price index, you may also wish to refer to our earlier episode on The 18 year Property Cycle - and we are working on the belief that the last cycle started after the crash in 1989 and ran for (would you believe it) 18 years to 2007. We looked at London vs the Northwest and Yorkshire & Humberside (The modern day Northern Powerhouse). 

We made some surprising discoveries and if you listen to the podcast in full, you will be able to hear our take on what is likely to happen next and most importantly, how you should prepare and protect your investments for the next few years.

News story of the week: Britain's top seaside property hotspot revealed

Broadstairs in Kent has been identified as Britain's top seaside property hotspot in 2017,  you can find out more about the top seaside investment locations here.

Resource of the week

LiveYield was suggested from one of our listeners (sorry, we don't have your name to hand!), and this takes data from Zoopla and uses it to tell you how different areas are performing. One note though - it is automated, so use with some caution.

Join the conversation over in the forum

What do you make of Rob & Rob's findings? Head over to the forum to discuss in more detail here.

If you enjoyed The Property Podcast, please leave a review on iTunes

Reviews are really important in helping other people to find the show, so by way of thanks we read out every single review we receive on air.

If you’d like to hear your name on the show, leave us a review on iTunes here.

Not sure how to leave a review? This video shows you how to review and subscribe on iTunes.

ASK94: How can I protect myself when buying off-plan? PLUS: Why is tax not included in deal assessment calculations?  

It's time for another couple of questions in this week's edition of 'Ask Rob & Rob' Noel and Tory...

...ask Rob & Rob...How can I protect myself when buying off-plan? PLUS: Why is tax not included in deal assessment calculations?

ASK YOUR OWN QUESTION TO ROB & ROB!

Don't be shy! All you need to do is leave a message with your name and whatever's on your mind.

Just pick up the phone and call 013 808 00035 (normal UK call rates apply).

Or if you prefer, click here to leave a recording via your computer instead.

NEED MORE ANSWERS?

The Property Hub Summit is the place to get all your questions personally answered by Rob & Rob, and build a network of other smart, motivated investors.

Over the course of a full day at a swanky hotel we'll help you set your goals, form a plan to get you there, overcome your obstacles, and give you the support system you need to make sure nothing gets in your way.

Just don't hang around - there are only four Summits each year, and just 16 places available at each!

Interested? Click here to find out more.

TPP223: What is happening to the London property market  

This week we're focussing on a topic discussed regularly - what's happening to the London property market?

So, what's happened over the last 8 years?

London prices have grown 80% over 8 years (since 2009) Every price band has increased by roughly the same percentage...BUT timing differs Top 30% recovered from 2009-2012. Driven by overseas buyers and domestic residents who didn’t need mortgages or could get them more easily Lower sectors only grew strongly from 2013 onwards. Driven by ripple effect, confidence, access to finance (This is why it’s best to own prime assets. They grow first and further - because growth is a % of a larger number)

 

What’s happening now?

On average, 5% annual growth makes it one of the 5 slowest growing cities in the UK Many of those who are selling are moving out of the capital. “Almost half the agents in London surveyed by LonRes say that 10 per cent or more of their vendor clients intend to quit the capital once they sell their property” Rents are falling. “New tenants in the capital typically paying almost £100 a month less than their counterparts a year ago, according to Your Move”. Transactions are very low, and at an all-time low in 3 boroughs.

 

What have we learned from the London property market?

Just because an area has performed best doesn’t mean it will continue to! This is why we’ve said to avoid London for the last few years - poor yields AND low growth Prime assets are more volatile - both grow and fall first and fastest. You can either use this to your advantage or stay out of the way! When you tax something you get less of it. SDLT has had a major effect on London transactions Property isn’t immune to market forces. Rents and prices can’t grow ahead of incomes forever. Affordability in London is ridiculously stretched, so if it stagnates (real terms fall) and we see wage growth, affordability can come under control without a major correction

Want to take a further look at all the data? We got a lot of our information from the following links:

This Hometrack study  that splits London property into deciles by price  This report  on how London vendors are leaving the Capital. This article in The Guardian that talks about rents falling in London.  This article which discusses transaction volumes in London.

 

News story of the week: New BTL mortgage options for ex-pats.

We've heard quite a bit about Vida in the past few weeks, and their proposition seems to be pretty good. If you're an ex-pat investor, you may want to check them out. Read more here.

Resource of the week

Make your clipboard work harder! This keeps your clipboard history which is a huge time saver. Check out Jumpcut for Mac, Clipboard History 2 for Chrome, or this option for Windows. 

If you enjoyed The Property Podcast, please leave a review on iTunes

Reviews are really important in helping other people to find the show, so by way of thanks we read out every single review we receive on air.

If you’d like to hear your name on the show, leave us a review on iTunes here.

Not sure how to leave a review? This video shows you how to review and subscribe on iTunes.

ASK93: Should I invest £100k in London or elsewhere? PLUS: Can I challenge these letting agency fees?  

It's time for another couple of questions in this week's edition of 'Ask Rob & Rob'. Alex and Neil...

...ask Rob & Rob...Should I invest £100k in London or elsewhere? PLUS: Can I challenge these letting agency fees?

ASK YOUR OWN QUESTION TO ROB & ROB!

Don't be shy! All you need to do is leave a message with your name and whatever's on your mind.

Just pick up the phone and call 013 808 00035 (normal UK call rates apply).

Or if you prefer, click here to leave a recording via your computer instead.

NEED MORE ANSWERS?

The Property Hub Summit is the place to get all your questions personally answered by Rob & Rob, and build a network of other smart, motivated investors.

Over the course of a full day at a swanky hotel we'll help you set your goals, form a plan to get you there, overcome your obstacles, and give you the support system you need to make sure nothing gets in your way.

Just don't hang around - there are only four Summits each year, and just 16 places available at each!

Interested? Click here to find out more.

TPP222: Election Special  

So we're pretty sure we're not breaking news here,  but there was an election last week. The results have been interesting to say the least, but what does it all mean from an investment perspective? 

Listen to this week's podcast in full to get the low down from Rob & Rob on what this new parliament means for you. 

Resource of the week

Insight Timer is the top rated free meditation app on android and iOS stores. 

If you enjoyed The Property Podcast, please leave a review on iTunes

Reviews are really important in helping other people to find the show, so by way of thanks we read out every single review we receive on air.

If you’d like to hear your name on the show, leave us a review on iTunes here.

Not sure how to leave a review? This video shows you how to review and subscribe on iTunes.

ASK92: How does Birmingham rate as an investment location? PLUS: How do I find a property mentor?  

It's time for another couple of questions in this week's edition of 'Ask Rob & Rob'. Two listeners...

...ask Rob & Rob...How does Birmingham rate as an investment location? PLUS: How do I find a property mentor?

ASK YOUR OWN QUESTION TO ROB & ROB!

Don't be shy! All you need to do is leave a message with your name and whatever's on your mind.

Just pick up the phone and call 013 808 00035 (normal UK call rates apply).

Or if you prefer, click here to leave a recording via your computer instead.

NEED MORE ANSWERS?

The Property Hub Summit is the place to get all your questions personally answered by Rob & Rob, and build a network of other smart, motivated investors.

Over the course of a full day at a swanky hotel we'll help you set your goals, form a plan to get you there, overcome your obstacles, and give you the support system you need to make sure nothing gets in your way.

Just don't hang around - there are only four Summits each year, and just 16 places available at each!

Interested? Click here to find out more.

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