Is Buy to Let Finished? July 2024

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Is Buy to Let Finished? July 2024
Is the era of buy-to-let investments coming to an end? In this video, we analyse the current state of the buy-to-let market as of July 2024. We'll explore the latest regulatory changes, economic factors, and market trends impacting landlords and property investors. Whether you're a seasoned investor or considering your first buy-to-let property, this video provides crucial insights into the future of rental property investments. Stay informed and ahead of the curve by subscribing for more real estate updates and financial advice!
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Опубликовано:

6 сен 2024

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Комментарии : 111

@propertyaccelerator 2 месяца назад

🔥 Get Access to the Property Accelerator Course HERE: property-accelerator.co.uk/fundamentals-of-property-investing/

@fionachan6054 2 месяца назад

Thank you, I am doing that now. Do I need to be aware of anything before joining the landlord group? Many thanks.

@MathsPlusGames 2 месяца назад

Section 24 does not apply to LTD companies. But you start with higher stamp duty

@pythefirst 2 месяца назад

And ltd companies often pay slightly higher interest rates on their mortgages. Still better than Section 24 though...

@propertyaccelerator 2 месяца назад

Correct

@nfisher6502 2 месяца назад

Labour are anti Landlords?? Sorry but it’s the current Conservative government that have been anti Landlords for the past 14 years! The bottom line is that there needs to be a healthy balance between first time new house buyers and investors. The property market should always favour first time buyers- not investors.

@ty194 2 месяца назад

It does favour first time buyers in pretty much every way imaginable.

@scienceevolves4417 2 месяца назад

Many first time buyers can't get their place because someone else has used a bank (aka mortgage) to take over their third, fourth, fifth, ..., umpteenth property for rent as an alleged "investment". Considering the housing stock is highly limited and it takes a huge amount of energy and work to add more on the market, this is a sick system we're living in.

@propertyaccelerator 2 месяца назад

Good point.

@iaincampbell4422 2 месяца назад

Just to clarify it isnt actually gross income per say, is it? As if you have other expenses you can deduct those first if i understand correctly, it's basically only the mortgage component where you can only offset against the lower rate hence depending upon the numbers some people could even make a net loss and owe tax in theory? But other costs, advertising, maintaining the property, any factors fees etc do come off before they work out how much profit youre making? Otherwise the comparison with other businesses seems well made. Unless I'm missing something?

@propertyaccelerator 2 месяца назад

👍

@iaincampbell4422 2 месяца назад

@propertyaccelerator assuming that to mean I've understood correctly! As when people make the valid and shocking point that you pay tax before you work out whether there's a profit I always think it may well mislead those who don't realise factor's fees etc are still deductible!

@sajjadyb 2 месяца назад

Section 24 is an unfair tax on smaller landlords with one property. I’ve sold mine as the numbers no longer work. and put the money in a REIT

@John-ou4rm 2 месяца назад

Use a corporate structure then

@scienceevolves4417 2 месяца назад

Corporate structure don't make sense with one or a few properties only. Also how is section 24 bad if we've been told it's just been passed onto tenants as the clowns have simply used it as an excuse to put rents up?!

@cristoff3 2 месяца назад

out of interest, how much did you have left on your BTL mortgage...? would the numbers have worked if you owned it outright...?

@propertyaccelerator 2 месяца назад

👍

@Bacrenfencing 2 месяца назад

YES - Buy to let is dead, SOLD all mine - best thing I ever did. Section 24 is and was an absolute shambles, taxed on turnover, what an absolute Joke !!!!

@propertyaccelerator 2 месяца назад

Yeah Section 24 is very unfair.

@shaunhennessy603 11 дней назад

Question.. If landlords are selling up leaving the business you say this is driving rents up because there are less rental properties avaliable? Who are buying the properties then? Surely if not landlords it's homeowners? If so that's less people needing to rent? Confused??

@propertyaccelerator 11 дней назад

Yes people are buying who then done need to rent. The problem is our population is growing and we need more rental stock and houses to buy.

@mrgkomodromou8283 2 месяца назад

HMO's more triuble then they are worth, yes you can potentially get 4-5,000 p/w but on top of the extra regulations, you would need to pay all the bills, gas,electrics, water council tax

@maxwellfoli1695 2 месяца назад

Are you required to pay utility by law?

@propertyaccelerator 2 месяца назад

They are more work for sure which is why you make more money.

@propertyaccelerator 2 месяца назад

No but that is what attracts tennants one payment for everything with no hassle.

@MathsPlusGames 2 месяца назад

I would appreciate a video on auctions, they feel like a scam and very scary for me because of non-refundable deposits. I dont understand why they are non-refundable, even when I have genuine interest. Does it mean I lose my deposit if I get outbid etc etc The more details the better. Thanks in advance

@propertyaccelerator 2 месяца назад

Sure will look into that, no if you get oubid you do not pay the deposit. Only the winner of the auctions pays.

@videogenie1236 2 месяца назад

HMOs 5 unit HMOs require stricter fire regulations than 4 unit ones when I looked into building regulation a number of years ago. I don't know if this has changed since then.

@propertyaccelerator 2 месяца назад

Of course its much stricter and rightly so, but you can make more profits for sure.

@parvinkukar1259 2 месяца назад

It’s all about adjusting and accepting the market. Maybe 2 year ago there was big profits in renting out property and now it’s less profitable and it’s a question is that enough. I do believe the gravy train for landlords has finished but if you think long term of 10 to 30 years then houses do generally go up, so there is also worth considering capital appreciation. So even if you made no profit from rent over 10 years you will still get capital appreciation

@propertyaccelerator 2 месяца назад

👍

@joebacchetti5890 2 месяца назад

Room by Room basis is where I'm heading with one of my BTL's. When a Tenant decides to buy their own property and vacates the property it's just too good an opportunity to not try out Room by Room basis and see if it works in that area. Now thankfully I have a Manager in place who already manages properties in that area. Just need to try and railroad it through now before Labour get into office and create more carnage.

@propertyaccelerator 2 месяца назад

👍 Nice one good luck with it all.

@annab4402 2 месяца назад

Great video, landlords are not evil! I want to know where to find those 60k properties

@scienceevolves4417 2 месяца назад

Go back in time by time machine😅

@trewjohn2001 2 месяца назад

No but they are leveraged investors that have to take the rough with the smooth. If my investments crash I have no one but myself to blame.

@propertyaccelerator 2 месяца назад

I found that on Rightmove it was an auction property.

@motodudu 2 месяца назад

Can a lawsuit be bought against implementation of section 24 ? Has anyone tried?

@andrewfallon2719 2 месяца назад

I always wondered why the high court haven’t ruled it illegal.

@scienceevolves4417 2 месяца назад

The Parliament is sovereign and can make any law it wants.

@motodudu 2 месяца назад

@@scienceevolves4417 so I guess I’ll just have to use my right to vote. Tories are not getting my vote.

@scienceevolves4417 2 месяца назад

@@motodudu yes, that's the legal way to change the laws in the country.

@propertyaccelerator 2 месяца назад

I think it was challenged but got nowhere.

@user-lc7xb5ch5t 2 месяца назад

The boat people need hmo 's

@propertyaccelerator 2 месяца назад

😬

@SlackHoffman 2 месяца назад

Great Video James 🙏💪✊👊🏆 I think your Labour government will force more landlords out of the market leading to higher rents. Sounds similar to the mess we’re in here across the pond .

@scienceevolves4417 2 месяца назад

It's not like the majority of landlords are providing great and exceptional service anyway. In my lifetime, I've been under 5 or 6 and only 1 has been excellent, the others were barely okay.

@joannabaker6398 2 месяца назад

Become a landlord and you'll know why.

@scienceevolves4417 2 месяца назад

@@joannabaker6398 why? I've got a job and I've got no interest living at the expense of others. In an ideal world, they ought to be able to find their own place without the need for agents.

@annastachowiak2692 2 месяца назад

And what about i.e.skilled workers, rotational doctors etc who need to be able to rent out in the private sector? Oh wait! I know! Small landlords under pressure and quitting, in the mean time corporations building flats in a build to rent only, no permission to buy sector. Well done everyone. Laughable

@scienceevolves4417 2 месяца назад

@@annastachowiak2692 scaremongering. If people go for those flats, then surely there's advantages related to that.

@ContentUniverse2024 Месяц назад

Hi James, so are HMO owners not as impacted by Section 24? Sorry if that seems like a stupid question..

@propertyaccelerator Месяц назад

HMO are impacted by Section 24, however they make much more profit per property so can afford the tax easier.

@trewjohn2001 2 месяца назад

Buy to let is finished if you were relying on ultra low interest rates and putting down the bare minimum. Ie you put down the deposit and someone else pays the mortgage and pray that interest rates don’t climb. Which is a flawed investment outlook. You can still do buy to let with a smaller mortgage or better - no mortgage. 3% is likely to be the new normal for the coming decade.

@joannabaker6398 2 месяца назад

In london it's always been 3-4%.

@trewjohn2001 2 месяца назад

@@joannabaker6398 I meant interest rates won’t drop below 3% not rental yield.

@propertyaccelerator 2 месяца назад

👍

@michaeltaylor3473 2 месяца назад

How do you get the Council to pay over the LHA rate?

@propertyaccelerator 2 месяца назад

You need to speak to different departments, with Hastings I found a department they was rehoming the translators from Afghanistan. This is not the same as asylum seekers as most of those go to hotels. It took me a few calls to find this department.

@sylwiazientek5182 2 месяца назад

Hello :) I appreciate your content :) Also, I wanted to suggest you buy a BOYA microphone to offer us a better sound quality :)

@englishdecorator 2 месяца назад

He's a landlord, he can't afford one...

@propertyaccelerator 2 месяца назад

True

@propertyaccelerator 2 месяца назад

Thank you, I will

@paulbraid2658 2 месяца назад

They are just going to increase prices just like the gas,elec,convenience stores, ...I'm 60. It's a circle.

@propertyaccelerator 2 месяца назад

👍

@chrishart8548 2 месяца назад

I don't think many people really want to rent if they are given the choice. And if they do actually want to rent i don't think they want to pay over half there income for the privilege.

@propertyaccelerator 2 месяца назад

👍

@Wills365 2 месяца назад

I’m buying an apartment in Manchester for short term letting, is this a good choice being that I’m from down south on England?

@propertyaccelerator 2 месяца назад

Yeah no problem its about getting the right people up North to help. I have a houses in Doncaster and no issue running them with a good estate agent.

@fionachan6054 2 месяца назад

Hi Mr Nicholson, Do you have any recommendations for a property accountant regarding deed trusts?

@propertyaccelerator 2 месяца назад

Hey Fiona I dont, but my suggestion is to join some landlord groups on Facebook and ask there.

@user-bz6nt2ez5q 2 месяца назад

So you got your 75k back, but how much do you owe the bank now after that deal?

@propertyaccelerator 2 месяца назад

I owe the bank 75k, but I have my 75k in my bank so I went and bought another house.

@Jean42ette 2 месяца назад

0:02 / 9:57 Is Buy to Let Finished? July 2024 ?????????????? IT'S JUNE !!!

@videostoviews2262 2 месяца назад

Its JULY on Monday

@propertyaccelerator 2 месяца назад

Yeah I put July as most views will come in July. If I put June people wont watch as soon as it hits 1st July.

@Gl-zo2wr 2 месяца назад

Q...? How did you manage to get the 75k back from your daughters first property and now have two?

@VicFlange 2 месяца назад

The first house was a cash buy at auction for 60k, and was then worth 100k after being done up. He refinanced it, or remortgaged it with the bank or building society for 75% of the 100k house value on an interest only mortgage so got 75k back. Not really a house for free, but gained all the money back from the cost of the house.

@propertyaccelerator 2 месяца назад

I purchased 60k cash, spent 15k doing it up. So I spent 75k cash, they I put a buy to let mortgage on it. They valued the house at 100k and they will lend 75% of the value. So they give me back the 75K I spent and I now have a 75k mortgage.

@propertyaccelerator 2 месяца назад

👍