LENDLORD - lendlord.io/jamie-york-deal-analyzing-with-lendlord OR lendlord.io/finance-hub-jamie-york-bridging-loan
@richrender-xy9em4 ай бұрын
The days for the small landlord are done with, I’ve exited recently, thats me being involved in a construction background aswell. As others have said, max out your isa allowance first. I’ve a stocks and shares Isa and it’s up 12% in the last 12 months as well as a cash isa that sits at 5%, the ultimate passive income, max out your payments and your up to a 100 grand in no time, plus one of the many wonders of the world compound interest. The government has made the small landlord a pariah due to over regulation, and I cannot be doing with the hastle of it all, life’s to short. Just wait until Labour get in later in the year with the rent “regulations” ie rent caps, and yet more regulation.
@melanieah55014 ай бұрын
Uk needs rent regulations badly.
@paulmessenger98363 ай бұрын
Why move to cheaper areas
@johnporcella23753 ай бұрын
@melanieah5501 Like it needs a hole in the head! The free market is the most efficient way to find the market clearing price. Anything else creates administration, cost and inefficiencies.
@balazsrepasi803513 күн бұрын
I love this Guy. He knows, understand the economy. I am buying my first buy to let. If all goes well will get the keys on the 11th of September. I am shting my pants, I am a so afraid on 1 property. And he done so many I am impressed. 👍😊
@t60njw5 күн бұрын
I must first of all say to you, "well done." Remember, it's not about timing the market, it's time in the market which I am sure you know very well already. Please choose your tenants wisely and just hodl... Let us know when you actually get the keys. Would love to hear from you again
@lindseyscott30114 ай бұрын
It's over for the person wanting 2 or 3 for a pension pot just now. Nearly did it but would have taken me 5 years just to pay back the fees. That's without a boiler packing up or the roof leaking. In my area the house valuations hasn't gone crazy so may as well stick it in an ISA at 5%
@richrender-xy9em4 ай бұрын
Fully agree.
@melanieah55014 ай бұрын
Boiler pack up. But LA gives green grants to landlords at heavily discounted rates e.g solar panels.
@paulwhalley67894 ай бұрын
House values haven’t even gone up. Your money is just getting weaker.
@lindseyscott30114 ай бұрын
@@paulwhalley6789my house has gone up a decent bit but it’s a 4 bed in a decent area. 2 to 3 bed ex council that you would typically BTL haven’t in my area. I’m sure if you can deal with 20 years of risk they will go up but may as well stick your savings in S&P and get 9% a year
@millercrypto20934 ай бұрын
A large % of Brits are leaving this country, selling up and moving abroad, fed up with crap governments, constant flow of riffraff entering the country being giving everything by the government whilst the majority of the working class tax payer struggle. Yes buy to let’s have been a great investment over the years but far too much going against it now, too many fees involved on top of a bubble in the housing market. Risk to reward is not great atm in my honest opinion. If prices crashed 30% in the next year or two and interest rates drop investing in property becomes viable again, until then best to sit tight, invest in gold and Bitcoin.
@user-bz6nt2ez5qАй бұрын
Many have gone to Portugal, and many have realised the government there isn't any better.
Rates - everyone has to pay regardless of whether you own or rent. Fees - are usually tax deductible, same with insurance. So what's your point?
@pmtilbury65964 ай бұрын
I’m diversified across property and equity funds - I do believe the main indices like the S&P are still down right now compared to 2021-22 especially if you exclude the Tech/AI stocks so maybe potential for significant growth when the economic slowdown comes to an end. I’m not buying more property at the moment but I do agree with everything Jamie says in this video
@Xiv20222 ай бұрын
As fewer Rentals are available, prices go up to a point. Then people make the tough decision to live with parents, grandparents or friends to save on the extortionate rent. Under high pressure unexpected fissures appear to vent the pressure.
@sirianofmorley4 ай бұрын
Carry on chaps. We all die anyway.
@shadowr63484 ай бұрын
As an expat what puts me off acquiring property in the UK is the tax I have to pay on a purchase, I have worked out that 6-8% of purchase price will go straight off the bat to HMRC, it is even worse in Scotland, money I will never see again....whats the point in investing in something when you are paying this tax upfront before ending a penny. Would appreciate some tips or advice, is this money recoverable ? or gone with the wind.....
@user-bz6nt2ez5qАй бұрын
That calculation applies to properties at any price or above a certain price?
@paulchamberlain20674 ай бұрын
Thanks for this analysis very much agree. I invest here in Australia and also in US and UK in buy to let properties. The same factors seem to be prevalent in all these places, increased Government meddling and taxes make it more and more expensive to build at the same time as the population is increasing at a high rate. The media and Government tries to demonise landlords so much that this time last year, here in Western Australia, for every residential investment property being purchased 2.5 were being sold by landlords fed up with increasing regulation , taxes, interest and tenants rights……….Surprise surprise we now have a 0.5% vacancy rate and rents have increased 15-20% as suppply of rentals has fallen. Government keeps saying they will build more but they are a major source of the issues. Started our investment journey 25 years ago and there is always a proportion of the population that have to rent and a proportion of them don’t want to or can’t buy.
@samiulalam47844 ай бұрын
Does having a different nationality make it difficult to do?
@pk-mh2cx2 ай бұрын
Great video! Thanks for the content. May I ask how do you manage to buy a property in a country your are not resident in? I assume it’s more difficult to get a mortgage.
@sarahomare4 ай бұрын
Excellent content and you made me laugh as always 🤣 Would you say that flipping is still good at the moment?
@JamieYork4 ай бұрын
Cheers mate thanks for watching! Aha that's good! And yeah they are!
@melanieah55014 ай бұрын
I don't think flips are good since Covid becos the Tradesman have doubled their prices. I used to pay £120 per day 15-yrs ago. Recently, asking for £250 per day and that is any Tom, dick, Harry. With no creds.
@tanak22323 ай бұрын
The problem is this young generation believe that 1% rates are forever, I have people telling rates going down this year but they were saying that 8 months ago too , well I can tell you the Bank of England didn’t put these rates up to 5% just to drop after 2 years, no doubt the might drop it a quarter this summer but don’t think that’s going to be a downward trend, I’m telling you now expect interest rates to hover around 5-7 percent for the next 10 years
@matwalford3393 ай бұрын
I don’t think so
@tanak22323 ай бұрын
@@matwalford339 we will message again in 2027 see where the rates are at that point
@youtubeman50334 ай бұрын
Buy to let is doing well rents have gone through the 😊ceiling I’ve run out of money because I’m buying anything I can get my hands on,there is so many renters out there, houses are cheaper ok one or two problems with new rules but they are just occupational hazzards, I would say buy to let is better than it’s ever been. Very angry today Jamie good video
@SycAamore4 ай бұрын
Wait till Labour gets into power in a couple of months. Rent controls are coming soon. Never take for granted that rents will continue rising. Just think who their main voters are and if that's in their best interest to have these insane rents...
@sirianofmorley4 ай бұрын
@@SycAamore Those voters are also people who enjoy our economy. Bringing in rent controls is not viable with increasing interest rates, people will stop paying mortgages, people will be homeless, banks will go under. Wait, that sounds exactly like a Labour government.
@SycAamore4 ай бұрын
@@sirianofmorley People will stop paying mortgages? What are you talking about? If you're an investor and can't pay your mortgage, you sell your property. And that's what already happening. As simple as that...
@youtubeman50334 ай бұрын
@@SycAamore yes that is a worry but they are in the same boat as the Tory’s, a lot of landlords are selling up I’ve bought some houses off them at good prices, there is going to be a shortage of rental property’s and they don’t want that, if there’s a Lib lab pact then we might have a problem the pesky libs hate landlords
@sirianofmorley4 ай бұрын
@@SycAamorehow do you expect to sell your property when every other person is also selling their property? You speak like I'm the idiot here 😂 Only people who want to get out of the game are selling their properties. It's still profitable - bring in rent controls and it's a loss maker. All BTL will be on the market at the same time.
@johnporcella23754 ай бұрын
Interesting video! Thanks!
@user-bz6nt2ez5qАй бұрын
Jamie, there's nothing for free, when its "free" we're the product...
@MrChilliMan4 ай бұрын
Buy to let is the end of the road don’t listen to this dude 😂😂😂
@NoNonsenseJohnson4 ай бұрын
It really is with these rates and house prices in the south and lack of wage growth lol. Unsustainable.
@JamieYork4 ай бұрын
Heard this for 10 years. BTL will never die it will just change shape
@Solihul8864 ай бұрын
Please listen to this guy, more money in my pocket via supply and demand gap
@HT_Ray4 ай бұрын
Has converting houses into flats under PD been granted?
@laszlophotographyfilm4 ай бұрын
No, you have to apply for planning permission
@laszlophotographyfilm4 ай бұрын
Why councils doesn't let to split a nearly 130sqm house 4bed 3reception rooms if there is house shortage? In Blackpool council has a silly rule dated back to 2011 under 160sqm house you can't split to 2 flats. Crazy
@johnporcella23754 ай бұрын
I have never seen Lendlord. What does it do? Anybody used it?
@chr1sdi4 ай бұрын
It would be nice for transparency to mention that you have you bought and became a co-owner of Landlord.
@andybellklas16784 ай бұрын
Do you mean lendlord?
@JamieYork4 ай бұрын
I’ve done a full video on that bud :) full transparency always
@chr1sdi4 ай бұрын
It does sound disingenuous a little bit though thanking Lendlord owner for sponsoring the vid when you're a co-owner etc you know you're doing fella. Not a hater, I've been using Lendlord couple of years.
@Solihul8864 ай бұрын
@@chr1sditbh, I like lendlord
@nickcheney89374 ай бұрын
Another AWESOME video.
@nickcheney89374 ай бұрын
Furthermore, that lendlord software program is brilliant. What a powerful tool to use. And the full version is only £99/year, which of course is fully tax deductible. No brainer to sign up from this end.
@JamieYork4 ай бұрын
Thanks buddy 💪
@JamieYork4 ай бұрын
100% 💪
@jj-rh4sc26 күн бұрын
14/08/2024 Interest rates will go up in the next 3 months . Quantitative easing will be a thing again . The stock market will feel the real backlash after the problem barrier fails. The Barrier that was put their to let all the investors know when to pull out . Then the recession will start .All governments will blame everything but themselves .Then start attacking easy targets for tax . Number one the Motorist. Number to the rich(property rich in the UK) Number 3 The spenders. This is when over leveraged will suffer .
@TheAlifantastic4 ай бұрын
Top bloke. Teach in schools
@asbxmx54 ай бұрын
First comment 🎉 finally 🙌
@Lemxns4 ай бұрын
Everyone is very impressed.
@normmaes32184 ай бұрын
I really got nothing out of this, more of an angry rant then anything, growup already.
@pppp675674 ай бұрын
Seems like an infomercial.
@JamieYork4 ай бұрын
Appreciate the feedback. I’ll keep trying to improve
@Apisbell4 ай бұрын
Great video
@ags9114 ай бұрын
What do you think about the most popular BTL loans being interest only?
@Solihul8864 ай бұрын
It's the only way to make the numbers viable. Long term goal you can pay down your mortage anyway, you just get to choose when you are ready.
@ags9114 ай бұрын
@@Solihul886 So do people start on an interest only mortgage then switch over later? The difference isn’t that much from my research since most of a mortgage payment up front is the interest. It’s probably 20% more expensive in general I think?
@Solihul8864 ай бұрын
@@ags911 most that do thorough calculations on a prospect begin with interest only at least. Your ROI for the vast majority of purchases won't be in practical numbers with repayment mortage as the monthly payments compare to hundreds of pounds difference, and your capital repayment is not able to be used as an expense.
@ags9114 ай бұрын
@@Solihul886 I think I understand, so you are saying they will be taxed differently on their payments too if they are paying for the house too?
@Solihul8864 ай бұрын
@@ags911 yes, interest only is tax efficient, repayment is not. Also if you have multiple houses on interest only, you stand to keep thousands/tens of thousands extra in investment power to buy more properties in comparison. After you've had about 5 years of inflationary rent in your property, you could consider switching to a repayment mortgage or pay up to 10% every year or more when your fixed rate ends. Just do the working out for your situation and see when it is more optimal for you.
@propertyhero58954 ай бұрын
It’s not dead ☠️
@artiomoable4 ай бұрын
APG
@JamieYork4 ай бұрын
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?KZbinOrganic and fill in your details, and a member of my team will be in touch! 😊
@Dionbrown03034 ай бұрын
agp
@JamieYork4 ай бұрын
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?KZbinOrganic and fill in your details, and a member of my team will be in touch! 😊
@sjb92724 ай бұрын
The big problem with thinking that house prices will CONTINUE to double in value every 10 years is that there’s no way that wage increases will keep up. Wages have in fact stagnated for decades when offset against inflation and so I’m afraid it’s utter fantasy to think wages will rise to keep up with doubling price 😂 - you’d have to be an idiot to think that. The truth is we have reached PEAK house prices and the idea of them as a place for capital appreciation is OVER. the Economy is broke, wages are going down in real terms and IT DOEST MATTER A JOT that ‘demand is high’ if no one can bloody afford to buy !!!! 😂
@JamieYork4 ай бұрын
Correct… and false. Houses as you think of them can’t continue but the price per square foot will naturally continue to go up, and ownership will eventually just be for the middle class and then the rich. Similar to what happened during the 40s to 60s
@sjb92724 ай бұрын
@@JamieYork fair point. Definitely agree house ownership is going to be more and more exclusive. All the best, Steve
@pointlessjourneys4 ай бұрын
disliked for the clickbait
@JamieYork4 ай бұрын
Thanks. Will feed back to my team to improve for next time 😊
@MrJeffHead4 ай бұрын
I wouldn't have thought to but i also disliked for clickbait. I think ill do this on all clickbait moving forward.
@mikelane30324 ай бұрын
I was ready for the plot twist but i hope it doesnt continue in future videos.
@cheetahx22944 ай бұрын
yeah thanks to you landlords greediness and banks interest rates. I cant afford a house for rent around my area anymore like for a 3 bed its £1700. Who wants to pay that?
@JamieYork4 ай бұрын
Not the government stopping new properties getting built?
@frusciantesplectrum79803 ай бұрын
If you can’t afford to buy how will it help you if you have no landlords to rent from? …. Just a smaller pool of properties and rent will go higher as supply won’t meet demand.