The Property Nomads Podcast Rob Smallbone & Aaron Devoy

Rob looks into the shocking statistic of 1.55 million abandoned homes in the UK. The episode explores the potential opportunities in bringing these empty homes back into use, highlighting the vast possibilities for property investors and developers. Rob discusses the challenges and benefits of tackling abandoned properties, emphasising the importance of maximising the efficiency of existing housing stock. 
KEY TAKEAWAYS
There are approximately 1.55 million abandoned homes in the UK, worth over 500 billion pounds. The research by Together identified concerns over derelict properties, with Westminster, Cornwall, and Birmingham being the top three offenders. It is important to define what constitutes an empty home, as some may be second homes or have other unique circumstances. Running a land registry search on abandoned homes can potentially lead to profitable opportunities in property investment. Utilising abandoned homes can not only be a lucrative business model but also contribute to addressing the housing supply issues in the UK. BEST MOMENTS
"There are supposedly 1.55 million abandoned homes in the UK. And I find that quite a staggering number, and I'm sure you do too."
"Oddly Westminster is the worst offender with just under 36,000 vacant homes."
"So really, therefore, this is a great way to be able to make cash."
"The opportunities here are endless."
"Getting those 1.5 million homes back onto the market, if possible, would be absolutely superb."
VALUABLE RESOURCES
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 looks at the current housing crisis in the UK, focusing on the decline of social housing stock by over 250,000 units in the last decade. He focusses on the reasons behind this decrease, such as the selling off or demolition of social housing, challenges with planning permissions, and the high demand for housing exceeding supply. 
KEY TAKEAWAYS
The number of social rent homes in England has fallen by about a quarter of a million in the last decade, contributing to the housing crisis. Issues with planning, including local councils rejecting building proposals, create bottlenecks in housing development. Housing demand in the UK is higher than supply, leading to increased costs of renting. Frequent changes in government and policies hinder long-term, cohesive solutions to the housing crisis. Shelter suggests building 90,000 genuinely affordable social homes per year for 10 years to address the housing emergency effectively. BEST MOMENTS
"There's not ever one solution fits all, whether that's in the private sector, or the social rented sector."
"A lot of social housing stock has been sold off or demolished. A lot more has been sold off rather than being built."
"Planning creates a bottleneck, because of the way this country is set up, again, all it takes is one person to complain. And you know, all hell can break loose."
"If the supply increases, then that should help to meet demand by bringing a flood of supply onto the market, that you should also find that the cost of renting, whether that be social or private, you should find that that decreases."
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 looks into the Labour Party's manifesto and its potential impact on the property market and macroeconomic landscape. He analyses key points from the manifesto, including plans to shake up planning laws to deliver 1.5 million homes, restore mandatory housing targets, raise stamp duty surcharge on non-UK residents, introduce a mortgage guarantee scheme for first-time buyers, and abolish Section 21 evictions. 
KEY TAKEAWAYS
Labour Party's manifesto includes plans to shake up planning laws to deliver 1.5 million homes, restore mandatory housing targets, raise stamp duty surcharge on non-UK residents, introduce a permanent mortgage guarantee scheme for first-time buyers, and abolish Section 21 no-fault evictions. The manifesto also aims to bring Britain's railways into public ownership, tackle the UK's dependency on overseas energy sources, set up publicly-owned Great British Energy, and invest in upgrading 5 million homes under the Warm Homes Plan. There are concerns about the feasibility and practicality of some of the proposals, such as the challenges in implementing the housing targets and the potential impact of increasing stamp duty surcharge on non-UK residents. The focus on renewable energy sources like wind and solar power, along with plans to work with the private sector to double onshore wind, triple solar power, and quadruple offshore wind by 2030, raises questions about the sustainability and funding of these initiatives. BEST MOMENTS
"I fully believe that we are in for a Labour majority come July, come election time."
"Manifestos, most of the time, have been nonsense. It's get, you know, please come and vote for us."
"I think come July we're in for a Labour majority. If it turns out to be a super majority, that could be quite dangerous, I think, for the country."
"There's certainly a bit more oomph to the Labour manifesto when comparing it to the Conservative manifesto."
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 key property-related points from the Conservative Party's manifesto for the general election. He highlights the proposed tax break for landlords, including a 100% relief on capital gains tax for landlords selling to existing tenants, and an increase in the stamp duty threshold for first-time buyers to £425,000. The episode also touches on the pledge to maintain the current level of corporation tax and the goal to reduce borrowing and debt. 
KEY TAKEAWAYS
Tax break for landlords: The Conservative Party manifesto includes a 100% relief on capital gains tax liability for landlords who sell to their existing tenants. Stamp duty threshold increase: The threshold for first-time buyers paying stamp duty will be raised to £425,000. Corporation tax: The manifesto states that the corporation tax level will not rise. Fiscal rules: The Conservative Party aims to meet fiscal rules of having public sector net debt falling and public sector net borrowing below 3% of GDP in the fifth year of the forecast. Supply and demand: While the manifesto offers some incentives, it may not address the fundamental issue of property supply and demand imbalance. BEST MOMENTS
"While it's a good fishing line or fish hook there for landlords, and I'm sure there'll be people that would take them up on that should that come into force."
"The measures in this manifesto are fully funded and would result in lower borrowing in 2029-2030, which will be the target year of our fiscal rules in the first fiscal event of the new parliament."
"Would these things really be game changers? Would they really help things in the property world? I would argue that they might ever so slightly help, but in the bigger scheme of things, probably not."
"So yeah a couple of overtures there but nothing to really shout home about or really get excited about."
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 discusses the recent decrease in interest rates by the European Central Bank and the potential upcoming decision by the Bank of England to follow suit. He delves into the implications of lowering interest rates on inflation and the economy, and highlights the historical context of inflation, the impact on housing and portfolios, and the importance of understanding macroeconomics when making financial decisions. 
KEY TAKEAWAYS
The European Central Bank and the Bank of England are likely to lower their base rates, which may lead to inflation. Inflation rates have been higher than the ideal 2%, despite government statistics suggesting otherwise. Lowering interest rates may create a false sense of security, as it could lead to another wave of inflation. Property investors should consider the potential impact of rising interest rates due to inflation on their portfolios. It is essential to study macroeconomics, assess the situation, and consult with a mortgage broker to make informed decisions about locking in interest rates. BEST MOMENTS
"Inflation is definitely a lot higher than that. But what does that mean for housing? What does that mean for your portfolio? And it's a very good question."
"Lowering rates, people might start to think, yeah, this is very good. This is very nice. But all the underlying supply and demand challenges that we have and a big bunch of other things that are going on in the world..."
"So we're in the wave, we're at the bottom of wave one. So wave one has been undone, it's been and gone. We're now at the bottom and wave two is probably going to happen."
"If inflation does go up, then the chances are you're probably going to see your interest or the interest rate go up."
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 discusses the concerning issue of poorly installed cavity wall insulation through government-backed schemes. He highlights the complaints received by the BBC from homeowners who have faced problems due to improper insulation, stressing  the importance of reputation and aligning with trustworthy professionals in the property industry. 
KEY TAKEAWAYS
There have been issues with insulation installations not being done properly under government schemes, leading to problems for homeowners and landlords. Always align yourself with reputable people in the property industry to avoid potential issues with installations or other property-related matters. When installing insulation, consider how it may affect the property's ventilation and ability to "breathe" to prevent issues like condensation and mould. Before undertaking any property-related work, make sure to do thorough research on the companies or individuals you are working with to avoid potential pitfalls. BEST MOMENTS
"There's a lot of issues within the property world at the moment when it comes to government-backed schemes and insulation installations that haven't been done properly."
"Reputation is very important. You must always look to align yourself with the best possible people and have a good understanding of housing in general."
"Since 2008, supposedly more than three million homes have had cavity wall insulation fitted under green energy schemes set up by the government."
"It's almost depressing doing a podcast on it, because it's just not pleasant to read. It highlights the fact that it seems we can't do anything right in this country without a lot of people taking the proverbial."
"Just be careful. If you're going through routes of getting installation done under green home grants and green schemes, just be careful with who you're using. Do your research."
VALUABLE RESOURCES
https://progressivepropertyreferral.com/live-multiple-streams-of-property-income-peterborough-21-05-24/AMB4692
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