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Thank you for your comment.However, the housing crisis has been caused by shortage of properties to buy and to rent. You have to blame successive governments for failing to build enough, social housing or encourage more private building and letting. Now, even more landlords are pulling out because of further redtape and BS from the government

Agree

Good great security for your fellow humans to have a bed and a roof over your heads and not be moved on when the landlord deems necessary. 99 percent of people who rent can barely afford the extortionate private rent prices but have no other choice as their wages/savings won't allow a mortgage and once the private landlord has got you on his clutches there's no getting out.

@@Chubby713 Thank you for your comment. I know tenants have problems with affordability and getting the mortgage, but is that really the landlords fault? Is the landlord responsible for the housing shortage in the UK and around the world? You say that Tenant should have some security. Is that for one year, two years, five years or 20 years? Private landlords were never meant to replace government built social housing for long-term tenancy is. Blame the government for not building social housing in any great number since the 1970s.

@@charleskellymoneytipspodca9121 the housing market has many problems. Second homes being a major issue being left vacant for most of the time when family's could be in them. You need to have a real think about the whole concept of private landlordship. It is certainly not to provide anyone with any home security. Be honest most private landlords are only interested in profits not people. How would you like a mortgage company to say " You mght have leave your home and find somewhere else to live in six months or a year or two years" these are the kind of contracts tenant's have to sign as they have no other choice. Where's the morality in that? As for your question, how long should a tenant have security? It should be for a minimum of 20 years unless the tenant wishes to leave earlier.

So do I. The market needs first time buyers and they are being priced out. Not because of landlords, but because of massive money printing by Central banks. Now you have hedge funds and banks buying up, thousands of properties.

@@charleskellymoneytipspodca9121 first time buyers are at the very bottom of the chain indeed, then it is the buy to rent landlords who can easily outbid first time buyers. Never heard of banks or hedgies buying property.

Lloyds Banking Group, Blackstone…do your research. I don’t agree that buy to let landlords come out bid first time buyers. Buy to let landlords have to buy a property that will produce a rental yield. This has become increasingly difficult as prices have risen faster than rents. A first time buyer can pay more because they are buying the property to live in. First time buyers also pay less stamp duty then landlords. Landlords are pulling out of the market and the numbers of new landlord is coming in is falling. The model is not what it used to be. The problems for first time buyers has not been created by landlords, but my government policy and central banks.

Thanks. Me too.

I agree. I’ve seen people in big houses that they cannot afford to heat and everything is falling apart. I’ve got all this money tied up in equity that they want to leave to the kids. If they release some equity they could make their life better and give the money to the children now to help them, and possibly save inheritance tax.

If you want professional advice on this, just drop me a line, charles@charleskelly.net

@@DoctorAB282 thanks for your comment and encouragement!

Good points. Like the landed gentry or Kings taking a proportion of the crops. Yes. Mafia!

Taxes are paying for these roads to be built.

Thanks for your comment. You could be right. Depends on how things go I guess. I’m not sure if they know what they’re doing anyway!

Good summary

Stock markets usually do well and there’s more money about and lower rates. Fixed rates and buy to let investment will not look so attractive against an income producing stock portfolio. However, it’s important to note that most of the big markets are at an all-time high.

@@charleskellymoneytipspodca9121 thanks very much for your advice

I will advise you stop trading on your own if you keep losing. And i don't trade on my own anymore, I always required help and assistance

She's my family personal Broker and also a Broker to many families here in the United states, she is a licensed Broker.

😱Sounds familiar, I have heard her names on several occasions.. And both her success stories on wall street journey!!

I'm not here to converse for her but to testify just for what I'm sure of, she's trustworthy and best option ever seen.

She is active on the TE LE GRAM

@@2525Hudson thank you for your comment.I have similar comments from landlords all the time. This new bill will not help the situation. I’ve also heard that Newham Council in East. London is literally going broke mainly due to the cost of housing homeless families. That’s just one council.

@@charleskellymoneytipspodca9121 Thank you, i agree, i have a very good friend who works in my local council, they are having a nightmare trying to house all the now '' settled status '' asylum seekers who have been rushed through by the HO, and are now not eligible for free hotel accomodation, so onto the councils they go ......... its causing chaos. If they had not targeted us and had not attempted to turn us into Social Housing, it would be better than it is now, but the elephant in the room is our net migration figures 😬 How can we possibly supply enough housing for 1.5 million people every 2 years ? And that is not even taking into account the 4 million backlog....... God help us all.

@@SIMON8958 we do not know all the details of this bill yet. Under the renters reform bill, they said that there will still be provision to gain possession of a house for valid reasons, such as wanting to sell the property. I would assume that this would also apply in the renters rights bill. It’s also not clear how possession will be in forced, and whether this will mean going through the courts which are already inundated with cases. It should be remember that not everyone squats in the property until they are evicted. Most reasonable people will leave at the end of the tenancy to move on with their lives I hope that answers the question and please watch this channel for further updates as we get them from the bill This is still a bill and not an act of parliament yet

Thanks for your comment. I trust my accountant who has saved me a fortune over the years. Do you trust HMRC or the government to take and spend your money, or a qualified professional accountant who helps you legally pay the correct amount of tax?

@charleskellymoneytipspodca9121 this was in response to your note around standard accountants being too scared to do what tax accountant suggests. This could be for very good reason, and anyone interested should try the book Taxtopia which is a "tell-all" by a tax accountant around all of the creative (and legally questionable ways) tax accoutants hide money. It's a great book. Of course, not all tax accountants will be the same, but it's good to be aware of the questionable methods

@@Bee-rr6vo I don’t know what you mean or why I’m even smiling 🙂 but I have met some nasty tenants. Fortunately, they are not the majority, just like most people are not nasty.

As a landlord of many years, my emoji's would be along the lines of 💰💰💰

You are right to ask about landlords protection as they are not covered in this bill, hence the name “Renters” rights bill. In my previous experience, as a councillor, I found that housing associations had a poor record of maintaining properties. I dealt with a number of complaints on behalf of tenants and was shocked by the state of some of the properties which had damp problems. In one property are dealt with, there was not even smoke alarms and the housing association manager said that was not their responsibility! I later challenged this with the council, and they quickly smoke alarms in all their properties in the borough. I’m not sure what your rights are, but I would suggest that you write to them recorded delivery with a final warning or get advice from your solicitor. I would send a copy of the letter to the chief executive of the housing association. You could do this via email and just copying everybody including the local councillor. The person who was rude to you is out of order really, and probably not acting in the best interests of the housing association Good luck

​@@charleskellymoneytipspodca9121After speaking to this guy in a presence of a receptionist i asked her who his superior was and that i wanted to make a complaint. She said she is going to have a look and log the complaint in for me and soneone will get back to me within 7 days...Guess who got back to me today? By writing the letter? The very same guy who was rude an uncooperative the last time! I didnt know his name but it was suspicious to me that it was signed "team leader" G.D. when i made request to speak to the guy's superior and i thought he was the manager. In the letter there was only vague apology for me not being satisfied with their service and that hes going to revise the complaint about the hedge and would let me know by tomorrow. What a circus! Hopefully hes going to sort it out this time in my favour, if not,I will follow your advice and find out who is on the top and write to them describing exactly what i went through with the guy... Thanks for your reply anyway. Also, if there's any problem with housing association is it worth to contact local councillor?

I hope you’re wrong! But you’re probably right

Yes, and tenants will also be crying when rents go up and there is less properties to rent out or when they are asked to leave because the landlord wants to sell up and get rid of the stress of dealing with tenants. 😂

Yes, sure. Can you drop me an email to charles@charleskelly.net and I will introduce you directly

@@priiyoo I’m reality, tenants do what they want! They will have even more power under Labour. Landlords don’t mind long-term tenancies, but want to remain in control of when to end them.

@@charleskellymoneytipspodca9121 exactly my point and if rolling tenancies come in that will be crazy and tenants can pick up their bags and leave. Landlords will face voids and charges like mortgages, utilities council tax etc for each void period. Not to mention the tenant find fee each time

fthink Labour want longer term fixed contracts but I am not sure if they have fully thought this through.

Both conservatives and Labour is targeting Landlords, I don’t really understand why they are very friendly with tobacco, sugar etc companies which very dangerous for human health but annoyingly hating the Landlords. Disgusting

@@AhuraMazda11 good point. As the cannot see the common man get even a little close to being rich nevermind wealthy!

@@theroadsnearyou...5088 yeah right!

@@charleskellymoneytipspodca9121 The World Economic Forum has planned this since its inception!

I agree that hundred percent mortgages over 40 years would be a good thing for homebuyers, as the repayments would be cheaper than rent. What does it matter if the mortgage is over a lifetime? I have suggested this to government ministers, but my ideas fell on deaf ears. 100% mortgages have been used in the past, but thanks, have shied away from them since the financial crash. Also, the Bank of England restricts London. Bankers live in a different world anyway 😮

Thank you for your comment. You could be right, but don’t forget the aspect of leverage as you can still borrow money to buy an asset like property. Thanks, I’ve already tightened up the criteria and it might get worse depending on the situation in the future.

governments love red tape!

I’ve also heard that that was suggested a few years ago, but it’s not part of the current Bill or Labour’s plans. There are some in the party who would probably like to seize all property but fortunately they are in the minority. It would be wrong of the government to take away wealth from individual landlords in that way. It would be a massive transfer of wealth, so I wouldn’t worry about it. However, I wouldn’t rule out some sort of wealth tax in the future!

I had read that some leftie Labour fringe group had suggested this, it is effectively theft of someone else's asset. If this ever even came close, it would cause a collapse of the PRS.

Yes, it is a shame for landlords, but will also be a shame for tenants when there are less properties to rent and less of us “greedy”landlords 😂 Labour will mess it up like most governments do when they interfere with business !

I gather you do not rent then ? If you did, you would be a Turkey voting for Christmas.

Yes, and it will also be a shame for the tenants. They will be the ones we suffer at the end of the day.

Good for tenants people are being ripped of with rent prices then they rip of renters with all these service charges doubling the price rent

@@martinlanigan9202thanks for comment

Thank you for your comment.

Victim

@369dabbler I couldn't be further from a victim if I tried. I just hate rentiers and I'm glad you're going to realise your error. No way back, baby.

@@01menyou never been happier 😂❤️🔥

@@01menyou '' Your Error '', really .......... i purchased my first house 20 years ago on a capital and repayment basis, it was mortgage free 18 years later and apart from the deposit which i paid, the various tenants over those years purchased me that house....... ERROR you say. The other 4 i purchased were on the same basis. I have provided homes for people who either could not be bothered to make the right decisions or were unable to and needed to rent.

@@Thatsaspicymeatball I understand where you’re coming from and can see your point of view. Successive governments should’ve done more rather than just leaving it all to the market

when a buy to let mortgage has gone up £430 per month and you wonder why your rent is so high don't blame the landlord blame the greedy bankers ..,,

@@Daisy-tl2lh I must have spoken to 10 different people who say they're estate agent called them out of the blue to tell them that they could easily put their rent up by hundreds because people are desperate. So yeah not going with that one.

⁠ that’s a good point. Why don’t they blame the bankers, the Bank of England and the governments, who printed billions of pounds, euros and dollars that caused the inflation in the first place. It’s always left to the people to pay the price for their incompetence.

blind prejudice just can't be helped!

I agree. Just like you don’t go to a hotel for a week and then decide to stay there until you are evicted! The idea that you have to serve notice on the tenant who has come to the end of the tenancy is crazy. Of course, tenants need protection and we don’t want to go back to the bad old days, but most people would agree that tenants have more than enough protection and have the upper hand over landlords.

@@charleskellymoneytipspodca9121 Well said!

Well divorce is a big reason.

@@seanflewin9803 yes, and it is going to get worse and the labour. Let’s see what it’s like in five years time. He is already going to hand and amnesty to almost 100,000 illegal immigrants came into this country illegally without a passport. That is an open invitation to the rest of the world.

@@stuartburns8657 it’s not Landlord‘s fault that the useless council will not build enough, social houses, is it? Our landlord is really the enemy of the State, or just filling a void left by the states? What’s your view?

@@charleskellymoneytipspodca9121 You are either critically stupid, forgetful or both Charles? Cast your mind back to 'right to buy' Councils where obliged to sell housing stock at a massive discount, with all the proceeds going to Central government. In turn they got around 10% of the sale money. Given the value of housing was shooting up exponentially (as well as building from new costs) this had a predictable outcome didn't it? 1. Reasonably well maintained and affordable social housing disappears. 2. Councils cannot afford to build even 5% of what they are forced to sell, and what they do build they're forced to sell in the future. 3. Councils lose a source of income, and tenant's are on the unscrupulous LL rent increase + eviction merry-go-round. 4. The very properties that LL's buy (from ex social housing stock) are now being rented to Council tenants. These are at inflated rates, but councils have no choice due to legal guidance and laws obliging them to provide housing. 5. Notice the amount of councils going or near bankruptcy? Come on Charles? Wake up sweetheart! A rental society isn't necessary bad, but only if the sort of tenant protection you get in France / Germany / Spain is in place. Without that you get what's happening in the UK.

@@charleskellymoneytipspodca9121 Well converting a 3 bed terraced house into a HMO can only be a terrible idea and should be discouraged as much as possible.

The majority are not turning terrace houses into HMOs... That's utter nonsense, it's a tiny minority and they're only in certain areas, usually student areas but either way it's a very small proportion... They are also not limiting properties for first-time buyers!... That's hogwash too!... Look outside London and there's absolutely tonnes of terraced and cheap housing on the market... The average deposit of first-time buyers is well over 50k and the average mortgage for first-time buyers is nearly 230k... They are not buying terraced houses with those budgets lol, you could buy 4 terraced houses up North with the average first-time buyer budget... So in summary, the properties landlords are typically letting out are in massive abundance and they are 100% not competing with first-time buyers, they are in a completely different market... Most landlords I know aren't wealthy either, they're usually in the 40s upwards, have worked their fingers to the bone and I have either had to do it to move house or are doing it so they have an half decent pension when they eventually retire because either they are self-employed and don't have access to a private pension or had no access to an employers pension so are investing in property to supplement the pathetic state pension... Every landlord I know really look after their properties and tenants too!

It's not good if you're a renter, as the supply of available rental properties dries up, the price goes up...... remember '' Toilet Roll Gate '' from the pandemic !! Get the idea.

@@christinequennell5855 Schwab can go to hell! Ha ha. Anyone with any balls will resist that kind of nonsense.

I do own nothing (according to my wife) and i am actually happy. 😉

There are many different ways of investing in property, other than straightforward buy to let. Whilst many small landlords are getting out, the big corporations are moving in

@@charleskellymoneytipspodca9121 yes that is the plan so it’s a no go for small investors now

@@charleskellymoneytipspodca9121 That was before this new bill comes out. Will it be a viable investment for anyone in the future.

The number of BTL mortgages is starting to fall.

@@stephen6262 that’s a good point if you’re just talking about cash and you’re not worried about capital growth. If your strategy is to build future capital for you and your family, then property is still a good vehicle. Yields will vary according to property prices and interest rates.The main advantage as far as I can see it of building a property business is that you can use leverage to buy properties

I need help mitigating tax as my properties are held in my personal name some of them are unencumbered though or small mortgages. Hoping to transfer some of the cheaper short lease flats to a limited company as I think under stamp duty threshold. and then my daughter can benefit when she turned 18 next year. Would your tax advisor be able to help?

⁠ Hi there, I think the tax advisor can help. Please drop me a line and I’ll introduce you. Charles@charleskelly.net

@@celiahall6168. ​​⁠ Hi there, I think the tax advisor can help. Please drop me a line and I’ll introduce you. Charles@charleskelly.net

Right now, you are correct, but 20 years ago...... i took my BTL's out on a Cap and Repayment basis, so in effect the tenants were buying me the houses, yes i had to put down a decent deposit but that was worth it as then i had the majority paid off. It was worth it then, not so much now, and then we had s21, now going forward we will not so right now, i would not become a landlord today. The monies from my properties sold have gone to my kids to help them and put aside for my retirement (soon coming), i will enjoy my latter years without all the stress of what is to come.