5 ай бұрын
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@Alan-tm7xq 3 күн бұрын
Most planning departments have part timers so they have their own areas under their control and when you ring them to ask a question you get, that's Linda's area , she will be back next Tuesday. You ask, can anyone else answer my question, NO we each have our own areas! So, the planners are preventing housing progress under these working practises, no planner should ever be allowed to work part time! Why is this allowed when some decisions are very urgent and require a direct response. How does this help the UK build the number of homes needed. This needs sorting pronto!
@sirrodneyffing1 3 күн бұрын
Ridiculous CIL and Affordable housing 'contributions' (development taxes) do nothing to help.
@afstrac22 3 күн бұрын
Interesting video, thank you. I totally agree about HMO v's short term let's and Airbnb. Within this context / comparison - what are your thoughts on investments in the growing sector of units within serviced apartments / hotels? Thank you
@propertynetworking7434 2 күн бұрын
@afatrac22 I think there is a huge opportunity with Apart hotels when done correctly
@joangrant5248 3 күн бұрын
Thank God there is some good news. I don’t support a single new home being built. I definitely do not support 300,000 a year. I am pleased to hear that won’t happen.
@johnporcella2375 3 күн бұрын
I could not agree more! Where are the bottlenecks in the housebuilding system? Planning is probably the most obvious; it takes too long and is too capricious, ie a project may be turned down by one planner, but waved through by another planner in the same local authority! Are there sufficient brickies, plumbers, electricians, plasterers etc etc to build all these proposed houses? Unlikely. So, can new entrants into that labour market be trained up? They could, but to gain the necessary skillset and qualifications of sufficient apprentices would take years. But the question is are there sufficient youngsters who want to enter the trade? With successive governments having focused on getting people into university, the building trades have been neglected. Regardless, are there sufficient people available potentially? With unemployment at about 4.2%, this means that there are too few unemployed people who might be available to enter the construction labour market. It might be a good idea for the Government to subsidise training programmes for the various trades. Is there sufficient capital available to fund all the required building projects? If the returns are decent from completed builds, then yes, there should be. However, can a Labour Government prevent itself from setting aside minimum social housing requirements from construction projects, undermining profitability? Not mentioned in the video, is there sufficient spare capacity to produce the amount of bricks, cement, wood, slates etc etc to cope with the demand that would arise to build 300,000 homes? I severely doubt it as the last few decades of much lower demand than that have shaped a marketplace that is geared towards half that number. As for the 300,000 figure, given that this was the previous target and was never achieved, not even closely, to make up for the shortfall, we need the target to be a preposterous 500,000pa! I am not sure why a new Government has set a target that cannot possibly be achieved, not without direct Government intervention and loosening immigration, a thorny topic for some.
@Mike-lb1hx 4 күн бұрын
Due to the skill shortage I can see a pressure to erect prefabricated and other non standard construction methods with a significant risk that a number will be unmortgagable down the line, as happened when last time
@idh9395 10 күн бұрын
Great insights, Simon. Andrew seems like a top guy, and worthy of success.
@johnporcella2375 10 күн бұрын
Well done Andy!
@kelsjampa 11 күн бұрын
Nice video
@abdulmasoud8399 11 күн бұрын
Very inspiring
@heynicky1109 16 күн бұрын
Incredibly insightful video Simon. Thank you x
@SimonZutshiOfficial 15 күн бұрын
Glad it was helpful!
@fullyleaded 17 күн бұрын
Great video. When you approach the owner, what do you offer them? If you think it'll be worth £2M when you finish, do you tell the owner that it might be worth £2M when you reach the end of the option agreement? and if you do then why would they sell it for £1.4m? And where did the £1.4M figure come from? Is that its current estimated value?
@stephen6262 17 күн бұрын
Thanks Simon
@berniearmstrong1648 17 күн бұрын
Great video Simon. I’ve just found a deal that is looking for an investor similar to the one you describe.
@SimonZutshiOfficial 16 күн бұрын
That's fantastic! Well done
@KObyUppercut 17 күн бұрын
Opportunity. Look forward to this week's 'virtual' meet for my first one.
@SimonZutshiOfficial 17 күн бұрын
That is great, you will get so much value
@beckyw6141 19 күн бұрын
Is serviced accommodation still profitable as there are some places that are little saturated and people wanting to sell up if people travel abroad
@AgentGreyFox 19 күн бұрын
Energy prices will go up again. Wage growth won't fuel inflation given the cost of living crisis. Many are judt surving. Rates need to go to 3%.
@lynfoster6493 19 күн бұрын
Houses are too expensive for what they are such tiny box and not made properly not worth it
@archiesneddon6017 19 күн бұрын
Those running the bank of England are incompetent they should have lost they're jobs long ago..
@akinwalekola-ayannowo8538 20 күн бұрын
Good
@mozramdonclips 20 күн бұрын
Wish I would have bought 1 month ago - but is still so hard to buy in a good area as a single person
@LydiaCarr-ne3pi 20 күн бұрын
Thankyou Simon, great information. ❤
@SimonZutshiOfficial 20 күн бұрын
Thank you
@luxushauseragency 20 күн бұрын
Good point about the inflation busting 22% pay rise and its implications.
@SimonZutshiOfficial 20 күн бұрын
Thank you
@TariqKhan-k7s 24 күн бұрын
Love your positivity
@SimonZutshiOfficial 24 күн бұрын
Thank you
@joshuabagci5291 24 күн бұрын
Great video Simon, looking forward to the national PIN meeting coming up 👍🙌
@SimonZutshiOfficial 24 күн бұрын
Thank you, it will be a great meeting
@nelsondesousa6644 24 күн бұрын
Exciting incentive for potential investors.
@SimonZutshiOfficial 24 күн бұрын
Yes loads of incentive
@topboyuk 25 күн бұрын
Great content, Well done
@SimonZutshiOfficial 24 күн бұрын
Thank you
@georginamonique3971 Ай бұрын
Amazing 🎉
@Ang-ni3vc Ай бұрын
and you don't get capital appreciation after 8 years...
@propertynetworking7434 Ай бұрын
Correct but he has not had top put much money in or get a mortgage
@Ang-ni3vc Ай бұрын
what about management fees, (10% plus vat...)tenant finder fees, repairs and maintenance, inventory, check outs/in? students change their tenancy each year....
@propertynetworking7434 Ай бұрын
With Rent to Rent you manage the property yourself, you don't use a letting agent
@davidcalvert-smith4633 Ай бұрын
So £3260 a month minus the rent (£1525) minus the bills (£650) = £1085 What about management costs? (£3-£4k). Repairs? (5-10%). Voids? (10%). Low cash flow is not always a problem if you own the property and expect capital appreciation. However, he’s taking all the risk with hardly any of the upside. Surely he has just become an estate agent, nothing more. An estate agent would typically charge 12% to manage a HMO. That is roughly what this guy is going to be left with. But an estate agent takes none of the risk!!
@propertynetworking7434 Ай бұрын
You manage this type of property yourself and don't use a letting agent
@davidcalvert-smith4633 Ай бұрын
@@propertynetworking7434 - you’re better off just becoming an estate agent. Similar cash flow (12% of rent) and none of the risk!! You will need 8 of these to generate a salary of £50k - that’s 40 tenancies for a fairly average salary! Assuming fairly minimal repairs and voids!
@dm7325 Ай бұрын
Most landlords own ex local authority homes ironically sold to them by those that had bought under right to buy and wanted to cash in. Most aspirational first time buyers dont want to live in areas that are quite often are sink estates. They want shiny new builds boosting builders profits.Most landlords are getting out because they are demonised at every leve from HM Gov to the Daily Mail with little respite to this. Shelter make it sound that every tenant is a saint and every landlord is a sinner. Many landlords are tired of paying a fortune to tradespeople. With all these factors combined why stay ?
@andygallagher8388 Ай бұрын
Thanks Simon - look forward to part 2!
@nikolaki Ай бұрын
I hope property investment is curtailed. Our young people have it so much harder tday than we did. Young people need affordable rents and affordable properties to buy so they can get on and make the next generation.
@Nicks-qc6ty Ай бұрын
You cant ruin something that was allready ruined.
@janlewis1093 Ай бұрын
GREAT VALUE
@stuartpaul9211 Ай бұрын
Energy security act us the one to be concerned about
@Ivan-fs7go Ай бұрын
Will you hire homeless employees in your property investment business?
@travellingtom6091 Ай бұрын
What scares me about labour is that they seem to think toiling away 9-5 is the only way to make money that counts.
@sirrodneyffing1 Ай бұрын
They do. "honest work", because they're narrow minded 1930's mentality socialist zealots with ideas.
@paulcoates3860 Ай бұрын
Alot of Landlord haters out there by renters, so landlords sold, now less houses to rent, Rents went up 😂 Where's your Socislist labour Govement helping you now!!. Its not easy saving 25% deposit for an interest only BTL, renters go save 10% n buy then. The more the Cummunist new gov may me pay I just pass it on, like supermarkets do..😂, stop taxing the life out of me😊....exit strategy no2, leave the country after I've stripped every penny in equity out of em.
@lkearney7299 Ай бұрын
Whatever the effect from a government policy, you can be sure it was intentional.
@Paul-qg3iw Ай бұрын
Buy to Let is totally over in London, certain as a forward looking proposition. I think its a good thing its done.
@bobbyboyderecords Ай бұрын
What is social housing? Council houses?
@SimonZutshiOfficial Ай бұрын
Hi Bobby, yes - social housing includes both council houses and properties managed by housing associations.
@hdk11 Ай бұрын
I have a few properties which I used to rent as HMO’s. My council fined me £20,000 because I didn’t renew a gas safe certificate in one property. I got out, turned them all into holiday lets. Has been much better! Now I’m super worried about section 24 from April 2025. I don’t think I will have a business anymore (that is worth all the effort). I don’t want to sell as this is all I have done for 15 years and all I know. I feel I will be forced to sell them 😢
@SimonZutshiOfficial Ай бұрын
It sounds like you've had quite a challenging experience. Transitioning your properties from HMOs to holiday lets seems to have been a beneficial move for you, but I understand your concerns about Section 24. The changes coming in April 2025 will undoubtedly impact many landlords. Here are a few suggestions that might help you navigate this situation: Consult a Financial Advisor - A professional can help you explore all possible options, including restructuring your business or finding tax efficiencies. Stay Informed - Keep up with any updates on Section 24 and other relevant legislation to ensure you’re prepared for any changes. Join Landlord Associations - Networking with other landlords can provide support, insights, and potential strategies to cope with these changes. It’s understandable to feel uncertain, but seeking professional advice and exploring all your options can help you make the best decision for your future.
@hdk11 Ай бұрын
@@SimonZutshiOfficial Thank you so much! I didn’t occur to me to consul a financial advisor. I’ll do that right away. You may have just saved me a serious 6 month headache! 🙏
@paulcoates3860 Ай бұрын
Are they in a company or your name? Would opening a company name and move them into that save the section 24 tax n allow mortgage payments as an expect??? It'll work out OK4u I hope
@hdk11 Ай бұрын
@@paulcoates3860 my name. To move them to a company would cost an arm and a leg in capital gains tax, it’s not possible to move them into a ltd company. I have asked 3 accountants to work out how much it would cost and no one can do this calculation. They all said it would cost a fortune
@dm7325 Ай бұрын
Let's be honest here. A large number of properties owned by landlords are often ex-local authority houses. Ironically usually sold by those that bought under right to buy and as quick as they could cashed in their profits and sold. These properties are not desirable to aspirational first buyers as often they're on sink estates. Most first time buyers previously used help to buy or other incentives and wanted a shiny new house. Landlords in some areas are going to be stuck with tenants no-one else wants to house. I feel it's on its last legs and how long does someone stand being part of an industry that appears universally hated by everyone? Many landlords I speak to are leaving because they are tired of being demonised by society and ripped off by tradespeople charging a fortune for repairs.
@DSteerTV Ай бұрын
The councils should buy them, they need houses.
@cameronk7012 Ай бұрын
Do you think the sudden increase of for-sale properties might drop the asking prices of those properties? Theoretically could this lead to more people actually being able to own their homes instead of being forced to rent? I know it's an absolute hail-mary, but is it possible this could actually end up as a net positive for the average person? I know I'm dreaming, but it would be nice if that's how this all pans out.
@paulcoates3860 Ай бұрын
More houses, to buy , then a landlord selling may drop depending if the need £ faster??.. It's a uk agenda for government to just get you to rent their!!! Houses n get paid direct....their not interested if your homeless unless illegal migrants then its asap,. Funny but now landlords are getting tenants out by rent increase n getting illegals in n get paid more n guarantee 5 Yr rents.....ur loosing ur rental home to illigal migrants
@wontbelongnow5567 Ай бұрын
Yes with all the problem's being a landlord. Selling up is the right thing to do if you have been in it to make good money. To many taxes and rules and regulations all benefit tenants. Selling mine after 30 years in the game .ok for me because i own them out right always have done with no mortgage on any .ill have enough to last me comfortably for 30 years .
@cristianosa7913 Ай бұрын
Is it still worth it to invest in HMOs regardless of the party in power?
@SimonZutshiOfficial Ай бұрын
@cristianosa7913 yes I think so as long as you know what you are doing and go for high end quality HMOs.
@aceofspades5786 Ай бұрын
Uk home ownership was 71% in 2001. Now it’s 63%
@andrewfallon2719 Ай бұрын
How does anyone make property pay when taxes are 19% corporation tax and then 33.75% on what you take out as dividend.. ??
@aceofspades5786 Ай бұрын
Corporation tax is 25%
@Fresh-qc3zn Ай бұрын
Dividend is 7% up to £50,000 in personal income. But yeah, once you go above that it's a nightmare. But remember the coop tax is only on profit.
@andrewfallon2719 Ай бұрын
Corporation tax is both 19% and 25%. Yes so my point is if you’re paying nearly 54% of your profit in taxes, how do property investors make it pay anymore. No one seems to ever answer this question, yet all the property investors on KZbin tell you that BTL is alive and well.
@Fresh-qc3zn Ай бұрын
@@andrewfallon2719 Well of you are making £100k profit a year from a hands off buy to let portfolio. Say it's your only income and you paid yourself a salary. Besides coop tax. The first £12000 or so be tax free to you personally. The next £38,000 you'd pay basic income tax rate. The next £50,0000 you'd pay the higher rate. Or say you took it as dividend. 7% Tax to pay up to £50,000. Then the higher rate after that, which you've already stated. So yes, the taxes are ridiculous but again they are only on profits. It's essentially like saying, imagine your company makes half of what it does now. You have 5 houses instead of 10. So you have half the amount of profit (in this case it goes as tax rather than less houses). But if you have 20 houses you'll still be doubling what you made with 10. The tax is ridiculous and driving many people away and we'll end up with too many empty homes and no enough places for people to rent but it's still a viable business as it makes profit. Your profit it just halved by tax.