The Property Nomads Podcast Rob Smallbone & Aaron Devoy

Rob delves into the topic of leasehold properties and whether leasehold is a dying concept in the real estate market. He talks about the issues surrounding leasehold properties, such as escalating service charges, ground rent fees, and unscrupulous developer practices, emphasising the importance of thorough research and due diligence when considering purchasing a leasehold property, and highlighting the potential pitfalls and risks involved. 

KEY TAKEAWAYS


Understanding the differences between leasehold and freehold properties is crucial when considering purchasing a property.
Buyers must conduct thorough research and due diligence before purchasing a leasehold property to avoid potential issues with service charges, ground rent fees, and lease lengths.
The trust between buyers and developers in the leasehold market is diminishing due to issues such as high service charges, ground rent fees, and poor construction practices.
Social media plays a significant role in highlighting issues within the leasehold market, potentially leading to a decline in trust and interest in leasehold properties.
Having a reliable team of professionals, including a good solicitor and mortgage broker, is essential when navigating the complexities of purchasing a leasehold property to avoid getting trapped in unfavourable situations.

BEST MOMENTS

"Leasehold, I think, is slowly dying a death. Not just because there's government reforms and things like that, it's because the trust is starting to go between people that are buying and developers and everything to do with leasehold."

"From a buyer point of view, you've always got to be careful and aware of what you're buying, why you're buying it, and what all of these caveats are."

"From a developer's point of view, stop taking the piss and stop milking it, because not only are you going to give yourself a bad reputation, you're then going to affect everyone else in the market."

VALUABLE RESOURCES

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https://propertyfundingplatform.com/WharfFinancial#!/borrowerinitialregistration

SOCIAL MEDIA/CONTACT US

https://linktr.ee/thepropertynomadspodcast

BOOKS 

Property FAQs = https://amzn.to/3MWfcL4  

Buy To Let: How To Get Started = https://amzn.to/3genjle  

101 Top Property Tips = https://amzn.to/2NxuAQL  
uk property, Investment, Property, Rent, Buy to let, Investing for beginners, Money, Tax, Renting, Landlords, strategies, invest, housing, properties, portfolio, estate agents, lettings, letting, business: https://patreon.com/tpnpodcast

Rob looks into the topic of garage conversions and whether or not planning permission is required for such projects. He explains the concept of integral garages and how they are integrated into the dwelling, and highlights the importance of checking with local councils, planning consultants, and architects to determine if planning permission is needed based on factors like covenants, Article 4 restrictions, and parking issues in the area. 

KEY TAKEAWAYS


Garage conversions may or may not require planning permission, depending on various factors such as local covenants and Article 4 restrictions.
Integral garages are integrated into the dwelling, and converting them into living spaces or offices may fall under permitted development.
It is essential to consult with local councils, planning consultants, and architects to determine the need for planning permission.
Some councils may have Article 4 directions that remove specific permitted development rights, especially if there are parking issues in the area.
When converting a garage, it is crucial to consider building regulations, insulation, and proper construction to ensure the new space is functional and attractive.

BEST MOMENTS

"A lot of people are either using it for storage or in a few cases people are just not even using their garage full stop and they might want to convert that into a living space or an office or sometimes even a bedroom."

"The best people to ask would be your council, purely because, again, this is all area dependent."

"If your council believes there's an ongoing parking problem, it might use such a thing called an Article 4 to remove your right to convert your garage under permitted development."

"Always look at your insulation and that sort of stuff as well. Specifically the floor, because it will be a solid floor, so putting some scree down or some form of solid floor insulation, again, would be a very prudent thing to do."

VALUABLE RESOURCES

https://www.msn.com/en-gb/money/other/i-want-to-convert-my-garage-do-we-need-planning-permission-to-replace-the-door-with-a-window/ar-BB1kF4wW?cvid=fa024c0aebc644d7bf9604765ff4c53c&ocid=winp2fptaskbar&ei=6&sc=shoreline 

GET YOUR PROPERTY DEVELOPMENT FINANCE HERE:

https://propertyfundingplatform.com/WharfFinancial#!/borrowerinitialregistration

SOCIAL MEDIA/CONTACT US

https://linktr.ee/thepropertynomadspodcast

BOOKS 

Property FAQs = https://amzn.to/3MWfcL4  

Buy To Let: How To Get Started = https://amzn.to/3genjle  

101 Top Property Tips = https://amzn.to/2NxuAQL  
uk property, Investment, Property, Rent, Buy to let, Investing for beginners, Money, Tax, Renting, Landlords, strategies, invest, housing, properties, portfolio, estate agents, lettings, letting, business: https://patreon.com/tpnpodcast

Rob discusses recent proposals by the SNP in Scotland that could potentially impact landlords and tenants. He delves into the idea of giving tenants the legal right to keep pets and redecorate their rented homes, however, he strongly criticises the SNP's plan to ban landlords from hiking rents, citing historical evidence and economic principles that suggest such interventions are ineffective. 

KEY TAKEAWAYS


Landlords in Scotland could potentially be banned from rent hikes under the SNP clampdown.
Tenants in Scotland may be given the legal right to keep pets and redecorate their rented homes.
Landlords can address concerns about pets and redecoration by updating their tenancy agreements to specify responsibilities.
Government intervention with price controls, as seen in Scotland, has not proven effective in the past.
The potential ban on rent hikes for landlords in Scotland may lead to market instability when the restriction is lifted.

BEST MOMENTS

"Landlords could then be banned from rent hikes under the clampdown. Now, this is absolutely crazy."

"Price controls do not work... putting a lid on the rent controls means the minute the foot's taken off the gas, boom, It all explodes."

"But no, of course, politicians being politicians and because they need to be seen to do something and no one seems to have an interest in history or price edicts or price controls."

"Let the free market do what a free market needs to do... It's not going to work now."

VALUABLE RESOURCES

https://www.msn.com/en-gb/money/homes-property/landlords-could-be-banned-from-rent-hikes-under-radical-snp-clampdown-which-could-also-give-tenants-the-legal-right-to-keep-pets-and-redecorate-their-rented-homes/ar-BB1kEYe4?cvid=7e399aa6d20945a1d6b7fd813f9f0b52&ocid=winp2fptaskbar&ei=11&sc=shoreline 

GET YOUR PROPERTY DEVELOPMENT FINANCE HERE:

https://propertyfundingplatform.com/WharfFinancial#!/borrowerinitialregistration

SOCIAL MEDIA/CONTACT US

https://linktr.ee/thepropertynomadspodcast

BOOKS 

Property FAQs = https://amzn.to/3MWfcL4  

Buy To Let: How To Get Started = https://amzn.to/3genjle  

101 Top Property Tips = https://amzn.to/2NxuAQL  
uk property, Investment, Property, Rent, Buy to let, Investing for beginners, Money, Tax, Renting, Landlords, strategies, invest, housing, properties, portfolio, estate agents, lettings, letting, business: https://patreon.com/tpnpodcast

Rob discusses the return of 99% loan-to-value mortgages, specifically focusing on a fee-free deal offered by Yorkshire Building Society for first-time buyers. While this may seem like a great opportunity, Rob stresses the importance of understanding the potential risks and economic factors involved in high loan-to-value mortgages. 

KEY TAKEAWAYS


99% loan-to-value mortgages are back, but it's crucial to consider the potential risks and implications.
Yorkshire Building Society is offering a fee-free deal for first-time buyers with a £5,000 deposit and the ability to borrow up to 99% of the property value.
It's essential to understand the general economics of housing before committing to high loan-to-value mortgages to avoid potential pitfalls.
Having a plan B in case the market turns against you is crucial when opting for high loan-to-value mortgages to prevent becoming a mortgage prisoner.
Consider all economic possibilities, especially if taking out a five-year fixed mortgage, to make informed decisions about purchasing or refinancing a property.

BEST MOMENTS

"But the thing with 99% mortgage or the thing with high loan to value mortgages is you've got to be very careful."

"A lot of people don't seem to take into account the general economics of housing. And that's quite concerning."

"You have to have a plan B for if the market turns against you."

"Please try and understand the generic economics of what's going on at the moment."

VALUABLE RESOURCES

https://www.msn.com/en-gb/money/other/new-5-000-deposit-mortgage-allows-homeowners-to-borrow-up-to-99/ar-BB1kAyPG?cvid=a8d56fce268a490ed6c3e1a701b2dae2&ocid=winp2fptaskbar&ei=5&sc=shoreline 

GET YOUR PROPERTY DEVELOPMENT FINANCE HERE:

https://propertyfundingplatform.com/WharfFinancial#!/borrowerinitialregistration

SOCIAL MEDIA/CONTACT US

https://linktr.ee/thepropertynomadspodcast

BOOKS 

Property FAQs = https://amzn.to/3MWfcL4  

Buy To Let: How To Get Started = https://amzn.to/3genjle  

101 Top Property Tips = https://amzn.to/2NxuAQL  
uk property, Investment, Property, Rent, Buy to let, Investing for beginners, Money, Tax, Renting, Landlords, strategies, invest, housing, properties, portfolio, estate agents, lettings, letting, business: https://patreon.com/tpnpodcast

Rob delves into the topic of solar panel installations and explores why 16% of homeowners with solar panels claim that the technology isn't saving them money on their energy bills. He highlights key factors to consider when installing solar panels, such as roof space, compass position, shading, equipment placement, cabling, and living habits, emphasising the importance of proper installation and understanding how to maximise the benefits of solar panels based on individual circumstances. 

KEY TAKEAWAYS


16% of homeowners with solar panels say the technology isn't saving them money on their energy bills.
Factors affecting the effectiveness of solar panel installations include roof space, compass position, shading, and equipment placement.
Due south is the best roof position for solar panels, but other directions can work with proper considerations.
Consider how you use your home daily when deciding on solar panels to maximise benefits.
84% of solar panel owners reported lower energy bills, highlighting the potential benefits if installations are done correctly.

BEST MOMENTS

"16% of homeowners with solar panels say that the technology isn't saving them money on their energy bills."

"Due south is the best that you can have. For panels, if you're not lucky enough to have a due south roof, then again, look at your compass position."

"Shading's very important because you might have a very, very good roof and a big roof and good compass position, all that sort of stuff."

"Most people like to put them in the lofts. I don't think that's always a wise idea because a battery is a bit of equipment."

"The point being that if you are thinking of getting solar panels installed, you have to look at a number of things."

VALUABLE RESOURCES

https://www.msn.com/en-gb/money/other/how-16-of-homes-with-solar-panels-say-the-tech-isn-t-saving-them-money-on-their-energy-bills/ar-BB1kmpmp?cvid=5012bb6181444ad98b2cdaac7ba77316&ocid=winp2fptaskbar&ei=17&sc=shoreline

GET YOUR DEVELOPMENT FINANCE HERE:

https://propertyfundingplatform.com/WharfFinancial#!/borrowerinitialregistration

SOVEREIGN MAN PREMIUM INTELLIGENCE MEMBERSHIP https://dash.sovereignman.com/a/smc12m995/tpnpodcast

SOVEREIGN MAN 4th PILLAR https://dash.sovereignman.com/a/4pmain/tpnpodcast

WEALTH BUILDERS https://www.wealthbuilders.co.uk/propertynomad

ABOUT THE HOST

Rob Smallbone is the author of the Amazon best-seller Buy-To-Let: How To Get Started as well as 101 Top Property Tips and Property FAQ’s.

BOOKS 

Property FAQs = https://amzn.to/3MWfcL4  

Buy To Let: How To Get Started = https://amzn.to/3genjle  

101 Top Property Tips = https://amzn.to/2NxuAQL  

WHERE TO FIND US

https://linktr.ee/thepropertynomadspodcast
uk property, Investment, Property, Rent, Buy to let, Investing for beginners, Money, Tax, Renting, Landlords, strategies, invest, housing, properties, portfolio, estate agents, lettings, letting, business: https://patreon.com/tpnpodcast

Rob discusses the impact of the Tory planning reforms in the UK housing market. The National Planning Policy Framework (NPPF) has removed mandatory house building targets and reduced the land supply councils need to allocate for housing. This has led to a decrease in planning permissions and an increase in rejected applications, ultimately exacerbating the housing crisis. The episode highlights the challenges of increasing housing supply and the potential political undertones influencing these decisions. 

KEY TAKEAWAYS


UK housing market is facing challenges due to Tory planning reforms that have reduced land supply for housing.
The National Planning Policy Framework (NPPF) has led to a decrease in planning permissions, exacerbating price movements in the housing market.
There is a lack of progress in meeting the target of building 300,000 homes a year by the mid-2020s, leading to frustration among stakeholders.
The government's policies, including the MPPF, are seen as contributing to the restriction of new housing developments by local authorities.
Increasing housing supply is crucial to address the high demand and affordability issues in the UK property market.

BEST MOMENTS

"Increasing the supply of housing is very, very useful. But what this policy framework has done is having the opposite effect."

"Maybe the government wants to keep the backbenchers happy and remove smaller house builders to eliminate competition."

"The MPPF has given local authorities more leeway to reject new housing, exacerbating the situation."

"It's becoming increasingly challenging to rent, build, or buy a home in the UK, all stemming from Westminster's policies."

VALUABLE RESOURCES

https://www.msn.com/en-gb/news/uknews/uk-housing-developments-axed-as-tory-planning-reforms-take-effect/ar-BB1kfWyE?cvid=87088dd65b9744d9a41133bf87f4451d&ocid=winp2fptaskbar&ei=3&sc=shoreline

GET YOUR DEVELOPMENT FINANCE HERE:

https://propertyfundingplatform.com/WharfFinancial#!/borrowerinitialregistration

SOVEREIGN MAN PREMIUM INTELLIGENCE MEMBERSHIP https://dash.sovereignman.com/a/smc12m995/tpnpodcast

SOVEREIGN MAN 4th PILLAR https://dash.sovereignman.com/a/4pmain/tpnpodcast

WEALTH BUILDERS https://www.wealthbuilders.co.uk/propertynomad

ABOUT THE HOST

Rob Smallbone is the author of the Amazon best-seller Buy-To-Let: How To Get Started as well as 101 Top Property Tips and Property FAQ’s.

BOOKS 

Property FAQs = https://amzn.to/3MWfcL4  

Buy To Let: How To Get Started = https://amzn.to/3genjle  

101 Top Property Tips = https://amzn.to/2NxuAQL  

WHERE TO FIND US

https://linktr.ee/thepropertynomadspodcast
uk property, Investment, Property, Rent, Buy to let, Investing for beginners, Money, Tax, Renting, Landlords, strategies, invest, housing, properties, portfolio, estate agents, lettings, letting, business: https://patreon.com/tpnpodcast