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Thanks excellent video. Is there nay chance the transparently of service charges might lead to reduction in service charges? How will people be able prove to prove the commission fees and reduce service charges?

Thanks Paul!

This is very helpful! I’ve been looking for this content. You’re a great teacher

Whose insurance covers cracked glass splashes on the wall behind the hob - Landlord's or Tenant's? For some reason, it cracked a few days after the hob fan extractor was changed.

I thought that for over £100k, the allowance begins to reduce, not just removed

How about right to manage? What is in it for leaseholders?

Thank you for making it much clearer now I understand, as I have a leasehold flat.

The only reason they are changing the law is for the benefit of builders. If this was a serious, honest channel, you would say the truth: leasehold is immoral and medieval. You probably are an investor. Rubbish video, with no important information.

Work too hard then no state pension . Geez maybe this is why Gen Z are all on the sick

Do you think Angela Rayner wants to see me extend the lease of my ex-council flat to 999 years?

Hi Paul, what do you think about the DipFA compared with the Cii and other. It’s just I am nearly finished with the DipFA and I actually had no choice as I am currently an Aircraft Engineer in the RAF but I’m hoping to change my career to being a financial advisor and the RAF gave me the funding to purchase the DipFA and the Adv DipFA so I am currently about to start the Course work. I’m just wondering if you think that the LIBF are as respected when it comes to trying to get a first job as a paraplanner or whatever? And do you have any advice of how to first get my foot in the door of a financial company? I think I might already have a position at Raymond James but we will see.

I'm also not sure if it's law yet, I heard it has to be actually switched on or something, but that was under the last government. I don't know how this Labour government will act, they are more focused on social housing and helping people on benefits than anyone who has assets who they view as liable for tax.

Very helpful and useful as always.

You can’t extend your lease by 990 years yet. This still isn’t law, my lease is 82.5 years, I’m extending my lease by 90 years now. This could still take years to come through.

You don't want to buy the Freehold, because it perpetuates the Leasehold-Freehold system (which of course is what the wealthy and mighty freeholders want). What you need is the COMMONHOLD, which is what is used eveywhere outside the UK, because the Leasehold-Freehold system only exists here. With the Commonhold system, each flat owner, owns as well a percentage (the percentage % of participation) of the common areas of the building (that is, any area outside the apartments, like the common gardens, the entrace to the building, the stairs, the roof, ..) In this system it is required by the law that once a year (or more frequently if necessary) all the owners meet to decide the repairs and expenses of those common areas. They hire a managing company of their choice (that they can change when they want if they are not happy) to carry out the managing, the maintenance and the repairs of those common areas, and collect the monthly aproved money for these expenses . All decisions (included the choice of the managing company and the repairs to do and their cost) are decided by vote (the law regulates what is the majority needed to aprove different types of decisions). And each flat has a vote proportional to the size of the flat and participates in the expenses accordingly again to size (their percentage % of participation). It is a fair system, as larger flats usually lodge more people and more people usually means more use of the common areas (cleaning, maintenace,etc) and should therefore pay more than smaller flats. That is how it works abroad for flats since ever, they don't even know what a Leasehold system is. In the Commonhold system, each flat is sold with its percentage of ownership of the common areas of the building. The new owner has by law the right to vote with his percentage. And you buy or sell your flat without needing ANY permission from third parties (as absurdly happens witn the Lease-Freeholder system) because in practice you actually are a freeholder of the flat, as you own a percentage of the land too (the land is just part of the common areas of the building). You own the percentage of the land that corresponds to your flat. If for example the building ever gets destroyed by a fire, each flat owner still owns his percentage of the land and premises of the burnt building and would get his part of the money if a builder were to buy that land.

I thought they scraped ground rent abolishment and capping?

But how many years will the government & opposition debate this & kick the can down the road before this actually becomes active legislation???

Is this really law yet I’ve read that it’s an act and still needs legislation to be passed

Can you do more vids on scenarios. Great vid

Excellent video, thank you. I always find your presentations very clear. It would be good if you could please do a video re rights re retirement flats, especially those that have under a 100 year lease and also have service charges. They are very difficult to sell just now if they have under a 100 year lease left, for example some older Churchill flats. I've known some of those flats reduce in value by tens of thousands of pounds. Their newer flats have longer leases but some folk are quite stuck, especially family who inherit the flats and then find they cannot sell. It would be helpful to know if this law helps them. Many thanks.

Does existing ground rent prior to this law continue?

We’ve just finalised a 100% offset mortgage with the intention of getting it paid off completely in 5 years vs 11.5 years. I could pay it all now, but I’d rather have access to my savings. The interest savings are insane.

Hi Paul, I hope you are well. I'm looking to get my CeMAP course done. However, im confused. A lot of jobs require Competent Advisor Status (CAS). If I purchase your course, do you have a contact who could provide this for me?

If Pippa added her Fiance to the mortgage - at some later date - would the SDLT FTB waiver she received still remain?

Paul, you are such an expert. I really enjoyed the refresher.

LTA for C + I on the sheet at the end ? Shouldn’t it be DTA as it’s decreasing 🤔

Thanks!

Excellent introduction. Many thanks.

Super helpful.!

Why do we think that a collective plan can out perform an individual DC plan? Isn't it down to what the collective plan trustees invest in over time to produce a return? The same as in an individual DC plan....

great content but time to change the pen

Thank you so much! I am preparing for my R02 and this is super helpful :)

Thank you so much for this video!

Thanks. Great video

Buggers, if state pension is going to be means tested I am going to vegas and blowing my private pension

Hi Paul. How do you get a copy of the benefits summary? Love your work by the way, when I studied CeMAP all them years ago I found your channel so useful. So much so I started my own (just for A Level Chemistry) on the back of my previous role as a teacher. Inspiration comes from unlikely places!

Can i get a copy of these please

Ive completed Cemap and really dont want to start dipfa now..im happy staying as mortgage and protection advisor. Still plenty of £££

I am not reached at 12570 yet but tyry taxed md ,why ?

Why am I paying tax on 12570?

With CeMap 3 how do we do the calculations without a calculator? Is there a calculator on screen?

I am finding this so helpful brilliantly explained- thank you Paul

Can I download and/or print your CeMap 3 book on your online course? Or do we have to pay to have it delivered to us?

Brilliant just what I was looking for a simple example that I could apply to to my tax situation 😀

I’m almost CeMap qualified and as brokers we can arrange holiday let mortgages right? And that is a business loan in a way? What about pure commercial loans? For example if I have a client who needs a substantial loan to build a housing estate. Would we be able to arrange such a commercial loan?

Why have you turned off comments on all your new vids? Really just means people overlook it

Has got to be the worst microphone a speaker has ever used. Its just erasing any kind of variation in tone in the voice and sometimes muffling voice.

Great video Paul, I’m sitting my Cemap 3 exam shortly, so I found this video very helpful. Thanks

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