EP46 | The Short Lease King: How To Get Rich From Short Lease Property’s - Jason Patterson

Jason Patterson who is also know as the Short Lease King has been in property for over two decades. Watch this episode as he reveals his thoughts on the new leasehold reform act.
0:40 Introduction
1:05 Where did the name "Short Lease King" come from?
2:07 What made you invest in property at 23?
3:35 How much was the first property you purchased?
4:27 Were your friends buying property the same time as you?
6:38 Do you still own your first property?
8:50 What's the current value of your first property after 20 years?
9:40 How important was it for your journey in finding people with similar interests in property?
12:50 Were your next purchases go on the conventional route?
16:50 Reconfigurations
19:40 What do you enjoy the most in the process?
21:45 Marriage values
23:40 Shortest least you can extend
23:58 Do you always have to use your own money to extend a lease
25:08 What does it mean when property platforms say "cash buyers only"?
27:35 Who are your favorite lenders?
32:20 What other key points on the King's speech are going to affect short leases and your type of business
36:55 Will there be a positive or negative impact on these changes?
38:14 How negotiable do you think freeholders are?
40:20 Do you delay renewing leases due to reforms?
44:06 Bentley Hat
48:57 What's next for you?
51:05 Where can people connect with you
Jason Patterson
Facebook: / jason.patterson.37454
LinkedIn: / jason-patterson-797a1ba2
Instagram: @Jasonpatterson365
KZbin: @Jasonpatterson365
TikTok: @Jasonpatterson365
LTV Production
Instagram: / ltvproductionstudio
Website: www.ltvstudio.co.uk/
Property by Kazy
Instagram: propertybyk...
Facebook: / propertybykazy
Website: propertybykazy.co.uk
PBK Community: mailchi.mp/999413936422/snhtl...
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bit.ly/3EVpsB5

[@JG-if4ly]

Forget chicken nuggets, this is the big box of property nuggets that you digest and grow from vs digest and s**t it out ! Love that the teacher in you remains 💪🏾 Great podcast, well share with my students❤

[@Rajantuber]

Jason, you are one of the most honest guys I have seen on media.......not secretive, but pure honesty. ppl learn from guys like you and thanks. I had my mentors...but told me not to buy properties,and since 2002 ..I have only 4 ,could have done more and retired early

[@jasonpatterson365]

Thanks for your kind words. I share information where possible. You chose a different route, but there is no right or wrong way. As long as you are happy.

[@123bekr123]

Loved this episode, just goes to show you can start from anywhere x

[@quiave]

Great interview. 👍🏾 love it 😊

[@Liberty_Freedom_Brotherhood]

Nice to see a Brother doing well. Setting a great example to the youth

[@jasonpatterson365]

Thanks 🙏🏿

[@katharinewoods6832]

What a great interview. Well done Jason. It’s great to see success. Thank you for being so generous with your knowledge. 😊

[@garybriscoe7730]

Brilliant Jason, I need you in my property life

[@jasonpatterson365]

Thanks for listening 🙏🏿. I can be in your life 😂 1 hour Zoom sessions once a month to help you grow and to be held accountable too!

[@Unknown-ou5nj]

Great content. Just came across your video. So proud of you guys.

[@jasonpatterson365]

We are happy you enjoyed the content. Thanks for listening.

[@fitzroyboy1979]

Great interview. Well done to Jason 👏👏👏

[@jasonpatterson365]

Thanks for watching 🙏🏿🙏🏿

[@mrmanthebest]

Great podcast, great people! Inspiring and informative. Thank you once again! I can’t wait to be on the way to being in both your positions 🙏🏽

[@PropertyByKazy]

You got this!

[@jasonpatterson365]

Thanks for listening 🙏🏿

[@peterjones5720]

Great interview, thank you for info shared. Well done Jason for your achievements in the property game. Big up Kazy.

[@PropertyByKazy]

Thank you Peter 💪

[@jasonpatterson365]

Thanks for watching 🙏🏿🙏🏿

[@dwjudd]

@@jasonpatterson365 Who is your leasehold extension surveyor please

[@zawarshah508]

Great insights and excellent programme 👏 👌

[@PropertyByKazy]

Thank you!

[@jasonpatterson365]

Thanks for watching 🙏🏿

[@Nicheadvice]

Very good conversation - It's interesting how property investors look at mortgage lending rules.

[@PropertyByKazy]

Do you have a different perspective??

[@jasonpatterson365]

I analyse them closely 👀 almost every other month. I have a property to remortgage or do a product switch on or a purchase. So that keeps me up to date with the latest rates, arrangement fees, etc 😅

[@Justice519]

Absolutely dope 👌🏾

[@PropertyByKazy]

Thanks for listening

[@Liberty_Freedom_Brotherhood]

Interesting

[@peterwain8160]

Great interview. Loved Jason’s story and fulfilling his Bentley dream

[@PropertyByKazy]

Thank You Peter!

[@jasonpatterson365]

Thanks for watching. Follow your dreams and anything is possible ✨️

[@the.sda.ftblr.3]

"Property show?...is there girls there?"😂🤣 same response when I used to go to the business exhibitions.

[@lhefe85]

Just found your channel, great interview. Can you please share a name a lender that covers the cost of purchase and lease extenstion? I've never come across a lender that does this, especially based on end value. I've had to fund these kind of deals myself and missed out on deals because of lack of funding.

[@PropertyByKazy]

There are multiple lenders, but the one in this example was Shawbrook. If you want an intro to my broker, email [e-mail]

[@jasonpatterson365]

There are a few lenders that will lend the purchase price, the lease extension premium with a 25 to 35% deposit. I have to introduce you to them.

[@lhefe85]

@PropertyByKazy okay thanks I'll drop you an email.

[@lhefe85]

@jasonpatterson365 that would be appreciated, how do I get in touch we you?

[@Liberty_Freedom_Brotherhood]

Funny because Paragon’s criteria is a minimum of 85 years remaining on the lease, otherwise underwriting decline the mortgage 🤔

[@jasonpatterson365]

Correct, 85 years with Paragon. With Paragon you can extend the lease and purchase simultaneously. They recently had a product with £750 cashback, fee valuation, 5.39%, no product fee. In our property WhatsApp groups. I have posted a list of short lease lenders and their minimum lease and lending criteria. Some lenders allow you to extend the lease after you complete. Some lenders, in this current market, say you have to extend the lease and purchase simultaneously.

[@kd3446]

Interesting I wish I had a mentor I would have got a few properties in the last Crash in 2009. Suppose it’s not too late to start now…… What’s your view for new entrants in the property buisness? How would you go about it today if you have limited funds & information do you think you could still make it in today’s market? That would be interesting….. There’s some golden nuggets of information in this video thank you.

[@PropertyByKazy]

It’s never too late! Drop me a DM on my instagram and let’s see what we can do

[@kd3446]

Ok cool i will definitely….

[@jasonpatterson365]

Glad you enjoyed the content. It is never too late to start!

[@Liberty_Freedom_Brotherhood]

What’s will the bleeping? Turned off

[@jasonpatterson365]

To get people engaged and interested!

[@CristianBunescu]

African Pablo Escobar in action!😎

[@YouNeek-ug8xh]

How do you know he's African?

[@mirzataimurii]

this guys a dan

[@OO-kd4gq]

Just been in companies house. This man is chatting a whole load of crap. His company generated sweet efall. Try again you ain’t fooling nobody

[@jasonpatterson365]

You don't have to buy properties under a Ltd company. All but one is under my personal name.

[@Liberty_Freedom_Brotherhood]

Shit talkers usually have a course to sell, what a surprise 😂

[@lmglg9947]

He sells a course?​@@Liberty_Freedom_Brotherhood

[@marcthomas8615]

This guy doesn’t know much, he thinks the Government will make short leases 50% cheaper ? 🤣😂😂😂 mad man, they will come waste freeholders, why? Because so many MP’s own freeholds, this guy will lose all his money soon enough, what a strategy to hope that the leases will be 50% cheaper, his leases are worthless, for renting out its fine, but for future value he has lost out

[@comeongee9405]

Is there any videos for absolute beginners