Money Tips Podcast Charles Kelly

You can turn your property into your pension, or provide a gift house deposit to your children with an Equity Release Mortgage. With Laurence Silver, independent equity release adviser. 

Unlock Financial Freedom: Master the Art of Money Management in 3 Simple Steps

**Join the training**: Register Now   

If you need independent mortgage or equity release advice, email us to arrange a free consultation with Laurence Silver. Watch full interview - https://youtu.be/R7ujUB-7k9o

Serviced Accommodation

If you are a property owner or landlord looking to increase your rental returns whilst reducing the headache of section 21, and the looming renters reform act, contact me at SouthHerts@localagent.co.uk

Unlock Financial Freedom: Master the Art of Money Management in 3 Simple Steps

Discover the keys to prosperous money management that won't compromise your quality of life.

**Join the training**: Register Now   

https://us02web.zoom.us/meeting/register/tZUpc-mhpzgrG9xJNvCuCklVcOPpk82yMMKx

In today's challenging economic landscape, where inflation, higher interest rates, and downturns prevail, there are always those who not only survive but thrive. What sets them apart?

The answer lies within you.

Your internal economy and mindset have a more profound impact on your financial success than external events. Recent events have exposed that many lack the financial resilience to handle unexpected events like job loss or mounting bills.

But the good news is, you can take control.

Learn how to master your money in just 28 days, paving the way to wealth and financial freedom without sacrificing your life's pleasures.

In this free live online training, I will reveal:

- The 3-Step Formula for Financial Freedom and Successful Money Management

- Strategies to Transform Your Money Mindset

- Techniques to Build Lasting Wealth

About Charles Kelly:

Speaker, Podcaster, Author, Property Investor, Digital Marketing, Former Immigration Adviser and International Recruiter and Business Consultant.

Charles has been featured as an expert guest on prestigious platforms such as BBC News, Radio 5, and more. He is committed to helping individuals achieve financial freedom through education, effective money management, and the acquisition of valuable money-making skills.

Don't miss this opportunity to take charge of your financial future.

**Register now for this free online training**: Secure Your Spot 

https://us02web.zoom.us/meeting/register/tZUpc-mhpzgrG9xJNvCuCklVcOPpk82yMMKx

#propertymanagement #servicedaccommodation #lettingagents #section21 #rentalproperty #money #financialfreedom #moneymanagement #tenantrights #buy-to-letproperty
This show was brought to you by Progressive Media

New free legal advice for tenants to block section 21 evictions

Good news for tenants, disaster for buy to let landlords. 

Unlock Financial Freedom: Master the Art of Money Management in 3 Simple Steps

Discover the keys to prosperous money management that won't compromise your quality of life.

**Join the training**: Register Now   

https://us02web.zoom.us/meeting/register/tZUpc-mhpzgrG9xJNvCuCklVcOPpk82yMMKx

This comes as a new report states that 250,000 people are homeless because the council has run out of temporary accommodation.  

Watch video version at Charles Kelly Money Tips Podcast: https://youtu.be/0yWoU7PbL7M

Another report by the BBC, as many, as 2 million people are falling behind with their utility bills. 

Which bills do you prioritise?

Rightmove report that asking prices of houses are falling again.

The financial Times reports that UK construction companies are becoming insolvent at the fastest rate in over 10 years. 4000 building companies have gone bust in a year as material prices, soar, and construction slows.  

Serviced Accommodation vs Buy-to-Let

Higher interest rates and increase in legislation has forced many landlords to consider switching to Serviced Accommodation, as opposed to the traditional buy to let standard AST tenants. 

Serviced accommodation offers landlords the opportunity to increase their after-tax net returns, whilst avoiding many of the pitfalls linked to traditional buy to let, such as dealing with difficult tenants and the coming abolition of section 21 ‘no fault’ evictions.

In the past, landlords have been deterred from Serviced Accommodation due to the additional work involved. Traditional, letting agencies have been reluctant, or are just not equipped, to manage a Serviced Accommodation property involving guest turnover, bookings, cleaning, linen and so on. 

But now there is a solution. 

A new breed of specialist agencies has sprung up to satisfy this growing market by managing Serviced Accommodation properties at scale. 

Open House South Herts has teamed up with one such agency that is actively seeking properties in the following areas:

Hertfordshire, Essex, Cambridge, as well as major metropolitan business areas in England.   

They offer landlords a complete hand free full management service, taking care of bookings, changeover, cleaning and linen. Bookings come from a number of sources including corporate temporary lets and booking.com to ensure the 80% occupancy the company aims to achieve.

Landlords benefit from higher net rents and hassle-free management.

The management company offers agents a generous introduction fee without having to manage the property.

Serviced Accommodation properties should be furnished and decorated to a high standard. The company will advise on the recommended specifications. Landlords will need to inform their mortgage lender and insurer and some boroughs may require planning consent.

Whilst this may not work for every landlord, the is growing demand for this service.

If you are a property owner or landlord looking to increase your rental returns whilst reducing the headache of section 21, and the looming renters reform act, contact me at SouthHerts@localagent.co.uk

Unlock Financial Freedom: Master the Art of Money Management in 3 Simple Steps

Discover the keys to prosperous money management that won't compromise your quality of life.

**Join the training**: Register Now   

https://us02web.zoom.us/meeting/register/tZUpc-mhpzgrG9xJNvCuCklVcOPpk82yMMKx

In today's challenging economic landscape, where inflation, higher interest rates, and downturns prevail, there are always those who not only survive but thrive. What sets them apart?

The answer lies within you.

Your internal economy and mindset have a more profound impact on your financial success than external events. Recent events have exposed that many lack the financial resilience to handle unexpected crises like job loss or mounting bills.

But t

Just when landlords thought they’d suffered enough red tape a new threat is looming.

Join me online on my free live money management training Wednesday at 8.00PM. 

Register now - https://bit.ly/3QPp8IHThe UK Home Secretary, Suella Braverman, announced this week that fines will be more than tripled for employers and landlords who allow illegal migrants to work for them or rent their properties. 

Watch full YouTube video version - https://youtu.be/Uk-RbN5A6dI

The civil or non-criminal penalty for employers, last raised in 2014, will be increased to up to £45,000 per illegal worker for a first breach from £15,000, and up to £60,000 for repeat breaches from £20,000.

Fines will rise from £80 per lodger and £1,000 per occupier for a first breach to up to £5,000 per lodger and £10,000 per occupier. 

Repeat offenders will face fines of £10,000 per lodger and £20,000 per occupier, up from £500 and £3,000 respectively. 

The higher penalties, which require a lower burden of proof than a criminal prosecution, will be introduced in 2024.

The Home Office will consult on options to strengthen action against licensed businesses who are employing illegal workers later this year.

Almost 5,000 civil penalties have been issued to employers with a total value of £88.4m since 2018. 

In the same period, buy-to-let landlords have been hit with over 320 civil penalties valued at £215,500.

Minister for Immigration Robert Jenrick said that employers and landlords should already be checking the eligibility of anyone they employ or let a property to. There are a number of ways to do this, which are not changing, including via a manual check of original documentation and a Home Office online checking system. The online check takes only 5 minutes.

Over 17,000 people have entered the UK illegally this year on small boats from France. 

UK inflation fell to 6.8% (from 7.9) this week raising hopes that the Bank of England will hold interest rates at 5,25% - the highest for 15 years - next month.

However, with core inflation unchanged at 6.9% interest rates could rise to 5.5% adding further pressure on the housing market and driving the UK further towards a recession.

We are not out of the economic woods yet, so learning how to manage your money has never been so crucial.

See also:

Landlord - Serviced Accommodation V Buy-to-Let Property Rental And HMO’s - Exploring Alternative Buy-to-Let Strategies in the UK: Serviced Accommodation, Holiday Letting, and HMOs

https://youtu.be/5uJcr7YoPso

See: – Transfer Property Into A Limited Company Without Paying CGT or Stamp Duty https://youtu.be/mtGq7WaVxLA

If you would like more information and an assessment on letting your property hassle free, hands-off with FULL MANAGEMENT using the serviced accommodation model, email southherts@localagent.co.uk with your property details and location. 

Content for educational purposes only, not financial advice. Always speak to an independent financial or mortgage adviser.

If you would like more information and an assessment on letting your property hassle free, hands-off with FULL MANAGEMENT using the serviced accommodation model, email southherts@localagent.co.uk with your property details and location. 

Content for educational purposes only, not financial advice. Always speak to an independent financial or mortgage adviser.

3 Steps To Success Money Management!

I want to help you get control of your money, learn how to invest and become financially free. 

Join me online on my free live money management training Wednesday at 8.00PM. 

Places are limited, so register now below to avoid disappointment.

https://bit.ly/3QPp8IH 

#illegalimmigration #illegalmigrants #interestrates #property #mortgages #remortgage #mortgagerates #homebuyers #estateagent #housepricefall #finance #moneytraining #moneymanagement #wealth   #bankofengland #inflation #money #servicedaccommodation #holidaylet #HMOrental #holidatrental #airbnb #booking.co

Do This And Everything Will Change For You

This simple hack will Improve Everything in your life from relationships to health and wealth.

Join me online on my free live money management training Wednesday at 8.00PM. 

Register now - https://bit.ly/3QPp8IH 

Peter Drucker said, if you cannot measure you cannot improve it.

This not only applies to businesses management, but also life and money management.

In this short video, we explore relationships, health and money management…Watch on YouTube https://youtu.be/v4sZB70MDhc

See also:

Landlord - Serviced Accommodation V Buy-to-Let Property Rental And HMO’s - Exploring Alternative Buy-to-Let Strategies in the UK: Serviced Accommodation, Holiday Letting, and HMOs

https://youtu.be/5uJcr7YoPso

See: – Transfer Property Into A Limited Company Without Paying CGT or Stamp Duty https://youtu.be/mtGq7WaVxLA

If you would like more information and an assessment on letting your property hassle free, hands-off with FULL MANAGEMENT using the serviced accommodation model, email southherts@localagent.co.uk with your property details and location. 

Content for educational purposes only, not financial advice. Always speak to an independent financial or mortgage adviser.

3 Steps To Success Money Management!

I want to help you get control of your money, learn how to invest and become financially free. 

Join me online on my free live money management training Wednesday at 8.00PM. 

Places are limited, so register now below to avoid disappointment.

https://bit.ly/3QPp8IH 

 

#peterdrucker #lifemanagement#interestrates #property #mortgages #remortgage #mortgagerates #homebuyers #estateagent #housepricefall #finance #moneytraining #moneymanagement #wealth   #bankofengland #inflation #money #servicedaccommodation #holidaylet #HMOrental #holidatrental #airbnb #booking.com #buytoletlandlords #health #business

 

 
This show was brought to you by Progressive Media

Houses fell at the fastest annual rate in 14 years, according to figures published by the Nationwide Building Society.

Interview with Miriam Nawagamuwa CeMAP, Mortgage and Protection Advisor with Larkin Financial Services.

The second largest UK mortgage lender say house prices fell by 3.8% in the year to July 2023, the sharpest drop since July 2009.

Higher mortgage rates and the cost-of-living crisis are making “affordability a challenge”, the lender said.

Watch video version - https://youtu.be/iIr0nGOGEdc - Charles Kelly Money Tips Podcast.

A typical 5-year fixed rate mortgage was 6.37% this week, but as high as 6.85% for a 2 year deal.

The Bank of England have followed the Fed and ECB by hiking interest rates for the fourteenth time by 0.25% to 5.25%, which will be another nail in the coffin for the housing market and borrowers.

Average price of a home in the UK is now £260,000, £13,000 below a peak last August.

The lender completed 85,000 transactions in June, down from 100,000 the previous year, which is a near 15% fall in business.

If you need mortgage advice contact:

Miriam Nawagamuwa CeMAP  

Mortgage and Protection Advisor

Larkin Financial Services Ltd

07539457777 / 02081333348

239 Mitcham Road, London, SW17 9JG

miriam.nawagamuwa@larkinfinancial.co.uk 

See also:

Landlord - Serviced Accommodation V Buy-to-Let Property Rental And HMO’s - Exploring Alternative Buy-to-Let Strategies in the UK: Serviced Accommodation, Holiday Letting, and HMOs

https://youtu.be/5uJcr7YoPso

See: – Transfer Property Into A Limited Company Without Paying CGT or Stamp Duty https://youtu.be/mtGq7WaVxLA

If you would like more information and an assessment on letting your property hassle free, hands-off with FULL MANAGEMENT using the serviced accommodation model, email southherts@localagent.co.uk with your property details and location. 

Content for educational purposes only, not financial advice. Always speak to an independent financial or mortgage adviser.

3 Steps To Success Money Management!

I want to help you get control of your money, learn how to invest and become financially free. 

Join me online on my free live money management training Wednesday at 8.00PM. 

Places are limited, so register now below to avoid disappointment.

https://bit.ly/3QPp8IH 

 

#interestrates #property #mortgages #remortgage #mortgagerates #homebuyers #estateagent #housepricefall #finance #moneytraining #moneymanagement #wealth   #bankofengland #inflation #money #servicedaccommodation #holidaylet #HMOrental #holidatrental #airbnb #booking.com #buytoletlandlords


This show was brought to you by Progressive Media

With the housing and rental crisis getting worse by the day, the UK government must cease its war on private landlords and restore the balance of power.

Housing charities, such as Shelter and The Big Issue are calling on the government to end ‘no fault evictions’ and put a cap on rents, all of which is adding to landlord anxiety and causing thousands to quit the buy-to-let market.


Almost 1 in 7 had their rent increased in the last month
Of the 3.5 million private tenants who had their rent increased over 800,000 saw it rise by more than £100 a month, and nearly 200,000 by more than £300 a monthAlmost 2.5 million renters are either behind or constantly struggling to pay their rent
1 in 3 spend at least half their household income on rent

Source: Shelter

The government has introduced a raft of new ant-landlord legislation and red tape for private landlords including:


Section 24 tax hike on rental businesses holding propertied in individual names
Tenant Fee Act
More tests such as electrical inspections and Legionella tests
Renters Reform Bill, which will end Section 21 ‘no fault evictions’ and give tenants more rights

Meanwhile, the crisis is leading to record rent highs and creating a massive shortage of properties.

As predicted, the war on landlords is backfiring on the government and tenants and landlords are paying the price.

The Bank of England’s hammer blow interest rate hikes (to stop the inflation they help create through money printing on an industrial scale) have added another nail ‘in the coffin’ to the buy-to-let property model.

More pain to come for borrowers and mortgage holders as both the Fed and ECB raise interest rates by 0.25% this week, a record high for the European Central Bank. 

Will the Bank of England follow at their upcoming meeting?

Landlords are switching to other rental models, such as Serviced Accommodation, company lets and holiday rentals, in order to in many cases substantially increase rental returns, bypass Renters Reform legislation and Section 24 tax changes and help them survive higher interest rates.

See also:

Landlord - Serviced Accommodation V Buy-to-Let Property Rental And HMO’s - Exploring Alternative Buy-to-Let Strategies in the UK: Serviced Accommodation, Holiday Letting, and HMOs

https://youtu.be/5uJcr7YoPso

See: – Transfer Property Into A Limited Company Without Paying CGT or Stamp Duty https://youtu.be/mtGq7WaVxLA

If you would like more information and an assessment on letting your property hassle free, hands-off with FULL MANAGEMENT using the serviced accommodation model, email southherts@localagent.co.uk with your property details and location. 

3 Steps To Success Money Management!

I want to help you get control of your money, learn how to invest and become financially free. 

Join me online on my free live money management training Wednesday at 8.00PM. 

Places are limited, so register now below to avoid disappointment.

https://bit.ly/3QPp8IH 

#interestrates #property #mortgages #remortgage #mortgagerates #homebuyers #estateagent #housepricefall #finance #moneytraining #moneymanagement #wealth   #bankofengland #inflation #money #servicedaccommodation #holidaylet #HMOrental #holidatrental #airbnb #booking.com #buytoletlandlords
This show was brought to you by Progressive Media