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Charles Kelly Money Tips Podcast
Великобритания
Добавлен 19 июл 2015
Money tips and financial education to help you get control of your finances and build wealth by managing your money, saving and investing in assets, such as stocks and shares, property, metals and business.
I want to show you exactly how you can:
•\tNot only survive, but thrive in a recession or depression?
•\tGet control of your finances and spending?
•\tSave and invest for your future?
•\tLearn about money and finance?
•\tDevelop a millionaire mindset
I want to help you get control of your money, learn how to invest and become financially free by developing a millionaire mindset - which is not about buying flashy things and looking rich!
Join me on my regular free webinars - see link in my bio.
I want to show you exactly how you can:
•\tNot only survive, but thrive in a recession or depression?
•\tGet control of your finances and spending?
•\tSave and invest for your future?
•\tLearn about money and finance?
•\tDevelop a millionaire mindset
I want to help you get control of your money, learn how to invest and become financially free by developing a millionaire mindset - which is not about buying flashy things and looking rich!
Join me on my regular free webinars - see link in my bio.
Wills, Trusts, and Inheritance Tax: How to Keep More for Your Family
Don’t Risk Losing Everything!
In the UK, inheritance tax can take a significant portion of your estate, leaving less for your loved ones. However, with careful planning through wills and trusts, you can mitigate this burden.
For more expert advice on managing your finances, subscribe to Charles Kelly Money Tips Podcast on RUclips or email charles@charleskelly.net to meet a specialist adviser.
Watch full RUclips interview: ruclips.net/video/-SfqPiXPTbg/видео.html
Creating a properly drafted will ensures your assets are distributed according to your wishes, potentially avoiding intestacy rules that might increase your tax liability. Including trusts in your estate planning is a powerful tool to...
In the UK, inheritance tax can take a significant portion of your estate, leaving less for your loved ones. However, with careful planning through wills and trusts, you can mitigate this burden.
For more expert advice on managing your finances, subscribe to Charles Kelly Money Tips Podcast on RUclips or email charles@charleskelly.net to meet a specialist adviser.
Watch full RUclips interview: ruclips.net/video/-SfqPiXPTbg/видео.html
Creating a properly drafted will ensures your assets are distributed according to your wishes, potentially avoiding intestacy rules that might increase your tax liability. Including trusts in your estate planning is a powerful tool to...
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Видео
Safeguard Your Pension Fund: Strategies to Survive a Stock Market Crash
Просмотров 119День назад
How to Protect Your Pension Fund from a Stock Market Crash Worried about the impact of a stock market crash on your pension fund? You're not alone. Market volatility can significantly affect your retirement savings, but there are strategies you can implement to safeguard your investments. 1. Diversify Your Portfolio: One of the best ways to protect your pension fund is through diversification. ...
10 Easy Tips To Drastically Reduce Your Tax Liability - Legally
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Why Do We Pay So Much Tax in the UK and What Can You Do to Reduce Your Tax Bill Legally? Taxes in the UK can feel overwhelming, from income tax and National Insurance to VAT and council tax. There are a raft of business taxes, landlord tax hikes under Section 24, as well as taxes on your savings, Capital Gains Tax and Inheritance tax. But why do we pay so much tax? The answer lies in funding pu...
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Просмотров 44614 дней назад
The Bank of England has finally cut the base rate to 5 per cent, the first time the central bank has voted to cut the base rate since 2020. On seven consecutive occasions the bank voted to hold rates at 5.25 per cent between August 2023 and June 2024, despite falling inflation. There had been 14 consecutive base rate hikes since December 2021. The Bank of England's successive interest rate rise...
How Labour’s New Renters Rights Bill 2024 Will Hit Buy-to-let Landlords
Просмотров 10 тыс.21 день назад
How will Labour’s new Renters Rights Bill 2024 affect buy-to-let landlords? The Labour Party’s Renters' Rights Bill 2024 is poised to bring significant changes to the UK’s rental market, impacting both tenants and buy-to-let landlords. Understanding these changes is crucial for landlords to navigate the evolving landscape effectively. Watch video version - ruclips.net/video/Wx1HXgVW1bM/видео.ht...
20 Free Things to Do with the Family in the UK this Summer
Просмотров 107Месяц назад
Summer school holidays are here, and this is the perfect time to explore the UK with your family without breaking the bank. Here are 20 free activities to enjoy together: 1. Visit the British Museum in London. 2. Explore the Natural History Museum. 3. Take a stroll in Hyde Park. 4. Discover the wonders of the National Gallery. 5. Enjoy a day out at the beach. 6. Hike in the Lake District. 7. Wa...
What’s the Biggest Risk in Property Investing?
Просмотров 168Месяц назад
Are you curious about what the biggest risk in property investing is? It might surprise you to learn that the most significant risk isn't the market fluctuations or financial constraints; it's the lack of knowledge and education. Understanding this risk is crucial not only for property investing but for any investment, including stocks and shares. Why is Lack of Knowledge the Biggest Risk? Inve...
How Will the New Labour Government Transform the UK Housing Market?
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What will this mean for Landlords and Tenants? The election of a new Labour government, and Prime Minister Sir Kier Starmer, brings a wave of anticipation and uncertainty, particularly regarding the UK housing market and the buy-to-let property sector. As Labour's policies start to unfold, both landlords and tenants are keen to understand the potential impacts. Labour's Housing Policies Labour ...
Mortgage Rates Fall Despite Bank of England Hold
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Financial Planning And Wealth Management For High-Earning Millennial Couples
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Understanding BRICS: A Rising Global Economic Force And New World Order
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landlord charge far too much. that is one of the reasons we have a housing crisis.
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.
Hope this will put first time buyers in a better position.
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.
If anyone needs professional advice on this, just drop me a line, charles@charleskelly.net
Like this topic Charles
Thanks. Me too.
It would be good for me because i have no one to leave it to. Best to get something to make my life easier than to have died struggling?
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
Thanks Charles for all great efforts and great your great guest as always ✌️
@@DoctorAB282 thanks for your comment and encouragement!
People are leaving private schools due to VAT. Now beggars cannot be choosers so the school is forced to ensure that u stay at the school
Good video. You did miss the inflation tax created by monetary policy. Thus eroding saving people have accumulated over the years.
Paying Tax is just the same as paying Protection Money to gangsters. It started thousands of years ago when bandits realised that instead of robbing travellers once (and then the travellers would avoid that route) they could 'tax' them on every journey and offer 'safe passage' on that (shorter) route. Then we got toll roads/bridges/gates/ports. Import tax. The two worst taxes are Stamp Duty on homes (stopping people from moving closer to their work) and IHT.
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.
They had to lower the interest rate Charles and they will need to continue lowering the interest rate, yes we have seen higher nominal interest rates in the past but when you correlate today’s 5.25% to the amount of national & private debt swishing around the system todays interest rates are literally the highest since Jesus Christ. I’m not so sure about the rates only falling back to 3%? General conception’s especially amongst educated economists are normally massively wrong, i personally think we had 13/14 years of rates below 1% mass economic migration legal and illegal and the economy had minuscule growth in that time. So if the labour government (As they say they do) and most of the other western world economies want economic growth their going to have to have very very low interest rates. Apologies for the diatribe essay against interest rates Charles.
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
How do you think this would affect the stock markets?
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
Hit 200k today. I'm really grateful for all the knowledge and nuggets you had thrown my way over the last months. Started with 14k in January
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.
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Thanks for your comments
A good well balanced explanation, i did own 5 properties, i now have 1 remaining......... its just too much hard work now, and getting very unsafe since Labour got in, many more of my colleagues will be doing the same. All my houses went to FTB'ers, not other landlords, what does that tell you !!There is a storm coming, and the councils will be taking the brunt of it. Good luck folks trying to rent somewhere in a few years. Adios.
@@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.
Charles- will I as a landlord be able to terminate a tenancy agreement ( after 6 months or whatever) if I need to sell the property under the Renters Rights Bill? Is it clear yet whether this is a valid reason for repossessing a property?
@@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
If you think tax accountants should be trusted, have a read or listen to the book "Taxtopia"
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
Thank you for all the comments and likes. This is obviously a subject. I just hit a raw nerve with both tenants and landlords. I’m interested in hearing both sides of the argument by the way. I realised system is not perfect, but I would put this down to successive governments not building enough social housing for decades.
If you need any help with tax or section 24, email me at charles@charleskelly.net
The smile om your face when you say its not good news for landlords says it all. It seems to me you could be a nasty tenant.
@@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.
Buy to let ....😂😂😂
As a landlord of many years, my emoji's would be along the lines of 💰💰💰
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.
See latest update, labours new renters rights bill: ruclips.net/video/Wx1HXgVW1bM/видео.htmlsi=9mSeCTn9HRnfmxLA
Hi. What about landlords protection? Housing association which takes care of neighboorhood refuse to cut overgrown few metres high ivy bush which comes into my property - garden and fence from outside. Ive been busy with this since autumn 2022. Recently went to speak to manager of their greenery maintenance and he was absolutely rude, saying basically what is my priblem and dismissing my concerns. Eventually said they will be cutting hedges in october, november maybe. Which i dont believe in as they havent done my hedge since years, even when they came to cut hedges they didnt touch mine. What legal rights do i have? Can i arrange for it to be cut privately and bill the housing association?
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?
All to "todays " leaders change Bill because they are wannabees, useless wannabees I have no respect for them in any way. I am working towards Matrixfreedom so nothing they do or say will relate to me.
Give it two or three years, and rent control will come in next.
I hope you’re wrong! But you’re probably right
Landlord tears 😅
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. 😂
Can you give me tax advisor contact, thanks
Yes, sure. Can you drop me an email to charles@charleskelly.net and I will introduce you directly
fthink Labour want longer term fixed contracts but I am not sure if they have fully thought this through.
Correct me if I am wrong but they don't want longer tenancies. They are having rolling contracts. After a 4 month contract the tenant can gibe noice to leave so landlords have a tenant for a 6 month minimum period. AST contracts will be banned.
@@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!
“You will own nothing and be happy!” apparently!
@@theroadsnearyou...5088 yeah right!
@@charleskellymoneytipspodca9121 The World Economic Forum has planned this since its inception!
What the housing market needs right now is a 100% mortgage for first time buyers with a repayment length of 35 tp 40 years to give the first time young couple a better chance of getting on the housing market. 'Buy to let mortgages' have had it too good for too long.
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 😮
Wait until the banks get scared and stop 'buy to let' mortgages or tie the landlords down harder when applying for one. Being a landlord in the future will not be a good investment for a pension pot. More and more houses will be on the market for first time buyers for young couples just starting out on the housing market.
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.
Fines, fuck that they should let us sell them then. Not fit for tenants then can we sell if we can't turn the 1800s house into a grade A EPC?
governments love red tape!
From us good landlords if crazy rules are brought in it will quickly lead to a meltdown and crisis that am sure Labour won't want to pickup. But for us a complete mindset change. For example I currently have like yourself only increased rents for existing tenants very rarely so the longer they stay, the further behind the current market rate it becomes. Never issue Section 21 's unless malicious damage. Hence Tenants very happy and a good deal all round. In the future if laws are introduced that limit possession I will increase rents by the maximum allowed every year. Nothing to do with exploitation, but having a tenant in your property long term and with a great deal could spell disaster. If they naturally look round every year as the deal is no better than alternatives, that's better news for Landords as it will provide regular opportunities to sell, move into themselves, or rent out again at that point. So no way are these type of measures are realistically going to help tenants . The government would be far better looking for as ways to target bad landlords that hike rents, issue bogus Section 21's so the rest of us can carry on offering a fair deal, but criticaly without the worry of losing control of our own assets.
Greedy people will never see the struggle of 'poor people' as so many in the comments state, its disgusting how landlords are allowed to rent there properties through schemes to the disadvantaged. Meeting the minimal standards to rent your property does not mean you will never have issues with the tenants/property. The system needs a major overhaul and as a person forced into a rental scheme for circumstances out of my control I hope it does change. After almost 5 years in such I still have carpet without underlay a energy rating of F- the list goes on, why should I invest in someone else's property when Im not even allowed to paint a wall but will be called on for my deposit when the white walls are no longer white. It's ridiculous to think this could carry on, landlords should be happy they grabbed all the money they could while it lasted
I heard somewhere that tenants will be able to buy your BTL property off you, at a discount rate, depending on how long they’ve lived there? Is this true?
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.
Oh what a shame for the greedy landlords!
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
Tax for Labour is a tool of "Social Justice"; it has nothing to do with common sense or in fact raising more revenue.
Great news, renting out residential property is a disgusting way of extorting the poor. It holds house prices up and pays rentiering. I'm delighted. Work for an asset instead of getting some other poor sod to do it for you.
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.
I'm going to struggle to feel sorry for the landlords on this one. I was paying £650pm in 2020, now it's £1300. No one is persuading me he's just covering his increases.
@@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!
Landlords will sell and/or stop renting and there will be even less rental stock. Exacerbating the existing problem and push prices up. But if socialists understood basic economics, they wouldn’t be socialists
i’m not suggesting that you put assets offshore. You should always take good tax advice before making any decisions like that. Yes, governments can change legislation, but at the same time, they don’t want to kill the goose that lays the golden eggs
When you rent a car for a week....should you be allowed to keep it? Landlords will withdraw their properties if they lose ownership!
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!
We all know why there aren't enough houses even though the indigenous population is gradually dropping
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.
Good. The majority of landlords with lower end properties are both limiting 1st time buys, and often turning a humble 3 bed terrace into HMO. Costing Councils and tax payers a disproportionate amount
@@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.
I sujest you look at the book agenda 21 it may explain whats going on
Yes then we will own nothing and be happy .
@@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. 😉
The days of investing in buy to let are over why would you put your money in something that is getting screwed at every turn time to abandon this ship
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.
If your getting over 5 percent in cash isas What's the point being a landlord with loads of hassel
@@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.