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Most planning departments have part timers so they have their own areas under their control and when you ring them to ask a question you get, that's Linda's area , she will be back next Tuesday. You ask, can anyone else answer my question, NO we each have our own areas! So, the planners are preventing housing progress under these working practises, no planner should ever be allowed to work part time! Why is this allowed when some decisions are very urgent and require a direct response. How does this help the UK build the number of homes needed. This needs sorting pronto!

Ridiculous CIL and Affordable housing 'contributions' (development taxes) do nothing to help.

Interesting video, thank you. I totally agree about HMO v's short term let's and Airbnb. Within this context / comparison - what are your thoughts on investments in the growing sector of units within serviced apartments / hotels? Thank you

Thank God there is some good news. I don’t support a single new home being built. I definitely do not support 300,000 a year. I am pleased to hear that won’t happen.

I could not agree more! Where are the bottlenecks in the housebuilding system? Planning is probably the most obvious; it takes too long and is too capricious, ie a project may be turned down by one planner, but waved through by another planner in the same local authority! Are there sufficient brickies, plumbers, electricians, plasterers etc etc to build all these proposed houses? Unlikely. So, can new entrants into that labour market be trained up? They could, but to gain the necessary skillset and qualifications of sufficient apprentices would take years. But the question is are there sufficient youngsters who want to enter the trade? With successive governments having focused on getting people into university, the building trades have been neglected. Regardless, are there sufficient people available potentially? With unemployment at about 4.2%, this means that there are too few unemployed people who might be available to enter the construction labour market. It might be a good idea for the Government to subsidise training programmes for the various trades. Is there sufficient capital available to fund all the required building projects? If the returns are decent from completed builds, then yes, there should be. However, can a Labour Government prevent itself from setting aside minimum social housing requirements from construction projects, undermining profitability? Not mentioned in the video, is there sufficient spare capacity to produce the amount of bricks, cement, wood, slates etc etc to cope with the demand that would arise to build 300,000 homes? I severely doubt it as the last few decades of much lower demand than that have shaped a marketplace that is geared towards half that number. As for the 300,000 figure, given that this was the previous target and was never achieved, not even closely, to make up for the shortfall, we need the target to be a preposterous 500,000pa! I am not sure why a new Government has set a target that cannot possibly be achieved, not without direct Government intervention and loosening immigration, a thorny topic for some.

Due to the skill shortage I can see a pressure to erect prefabricated and other non standard construction methods with a significant risk that a number will be unmortgagable down the line, as happened when last time

Great insights, Simon. Andrew seems like a top guy, and worthy of success.

Well done Andy!

Nice video

Very inspiring

Incredibly insightful video Simon. Thank you x

Great video. When you approach the owner, what do you offer them? If you think it'll be worth £2M when you finish, do you tell the owner that it might be worth £2M when you reach the end of the option agreement? and if you do then why would they sell it for £1.4m? And where did the £1.4M figure come from? Is that its current estimated value?

Thanks Simon

Great video Simon. I’ve just found a deal that is looking for an investor similar to the one you describe.

Opportunity. Look forward to this week's 'virtual' meet for my first one.

Is serviced accommodation still profitable as there are some places that are little saturated and people wanting to sell up if people travel abroad

Energy prices will go up again. Wage growth won't fuel inflation given the cost of living crisis. Many are judt surving. Rates need to go to 3%.

Houses are too expensive for what they are such tiny box and not made properly not worth it

Those running the bank of England are incompetent they should have lost they're jobs long ago..

Good

Wish I would have bought 1 month ago - but is still so hard to buy in a good area as a single person

Thankyou Simon, great information. ❤

Good point about the inflation busting 22% pay rise and its implications.

Love your positivity

Great video Simon, looking forward to the national PIN meeting coming up 👍🙌

Exciting incentive for potential investors.

Great content, Well done

Amazing 🎉

and you don't get capital appreciation after 8 years...

what about management fees, (10% plus vat...)tenant finder fees, repairs and maintenance, inventory, check outs/in? students change their tenancy each year....

So £3260 a month minus the rent (£1525) minus the bills (£650) = £1085 What about management costs? (£3-£4k). Repairs? (5-10%). Voids? (10%). Low cash flow is not always a problem if you own the property and expect capital appreciation. However, he’s taking all the risk with hardly any of the upside. Surely he has just become an estate agent, nothing more. An estate agent would typically charge 12% to manage a HMO. That is roughly what this guy is going to be left with. But an estate agent takes none of the risk!!

Most landlords own ex local authority homes ironically sold to them by those that had bought under right to buy and wanted to cash in. Most aspirational first time buyers dont want to live in areas that are quite often are sink estates. They want shiny new builds boosting builders profits.Most landlords are getting out because they are demonised at every leve from HM Gov to the Daily Mail with little respite to this. Shelter make it sound that every tenant is a saint and every landlord is a sinner. Many landlords are tired of paying a fortune to tradespeople. With all these factors combined why stay ?

Thanks Simon - look forward to part 2!

I hope property investment is curtailed. Our young people have it so much harder tday than we did. Young people need affordable rents and affordable properties to buy so they can get on and make the next generation.

You cant ruin something that was allready ruined.

GREAT VALUE

Energy security act us the one to be concerned about

Will you hire homeless employees in your property investment business?

What scares me about labour is that they seem to think toiling away 9-5 is the only way to make money that counts.

Alot of Landlord haters out there by renters, so landlords sold, now less houses to rent, Rents went up 😂 Where's your Socislist labour Govement helping you now!!. Its not easy saving 25% deposit for an interest only BTL, renters go save 10% n buy then. The more the Cummunist new gov may me pay I just pass it on, like supermarkets do..😂, stop taxing the life out of me😊....exit strategy no2, leave the country after I've stripped every penny in equity out of em.

Whatever the effect from a government policy, you can be sure it was intentional.

Buy to Let is totally over in London, certain as a forward looking proposition. I think its a good thing its done.

What is social housing? Council houses?

I have a few properties which I used to rent as HMO’s. My council fined me £20,000 because I didn’t renew a gas safe certificate in one property. I got out, turned them all into holiday lets. Has been much better! Now I’m super worried about section 24 from April 2025. I don’t think I will have a business anymore (that is worth all the effort). I don’t want to sell as this is all I have done for 15 years and all I know. I feel I will be forced to sell them 😢

The councils should buy them, they need houses.

Do you think the sudden increase of for-sale properties might drop the asking prices of those properties? Theoretically could this lead to more people actually being able to own their homes instead of being forced to rent? I know it's an absolute hail-mary, but is it possible this could actually end up as a net positive for the average person? I know I'm dreaming, but it would be nice if that's how this all pans out.

Yes with all the problem's being a landlord. Selling up is the right thing to do if you have been in it to make good money. To many taxes and rules and regulations all benefit tenants. Selling mine after 30 years in the game .ok for me because i own them out right always have done with no mortgage on any .ill have enough to last me comfortably for 30 years .

Is it still worth it to invest in HMOs regardless of the party in power?

Uk home ownership was 71% in 2001. Now it’s 63%

How does anyone make property pay when taxes are 19% corporation tax and then 33.75% on what you take out as dividend.. ??