Відео

I’m really sorry to hear that. I would recommend you follow the same section 21 process but insuring you have all the relevant info you missed last time. In the past I’ve assessed what the process costs & just offered the tenant a sum to move on amicability. Making the argument I’m happy to offer £x to help you move onto a new buy to let property or I’ll be forced to serve you with section 21.

@@TheWilliamGale Thank you for the reply unfortunately I’ve been told by my solicitor as I lost my section 21 case as the gas certificate is missing I can’t use section 21 again and I can only use section 8 only if I have grounds. Any ideas if this is correct? I was in the court for only 10 minutes they asked where’s the missing gas certificate I said I don’t have it due to Covid I couldn’t gain access to the property and that was it after putting my case together for a year and paying thousands the case was dismissed in 10 minutes. Now I’m stuck with this tenant and now he’s challenging the rent rise when his rent has risen only £70 in 13 years. No surprise landlords are selling up.

Have you resolved the missing gas certificate?

@@TheWilliamGale sorry I mean it was never done for that period I have all the certificates since then but unless I magically go back in time and get the missing one done I’ve been told I can’t use section 21 again 😩

I see. What a frustrating situation. It’s seems section 8 is the only answer. There is so much focus on villainising landlords. Whereas there are often cases like this tenants are playing the system. I’m sorry your in this situation & I do hope you’re able to resolve this 🤞

Perhaps.

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It's the house industry and media trying to hype up the markets, desperate to make you believe houses only go up

Adjusted for inflation house prices have dropped 16% in the last two years.

@@TheWilliamGale And adjusted for inflation how much has the average family income dropped in the last two years???? Everyone's finances are being squeezed and very few can even afford to have children anymore, ( unless you're on benefits). Then the fact that so many people have second homes and investment portfolios in property, that are solely there for profit. What happens if there is a downturn?? Same as any other asset class, sell sell sell, but many who are highly leveraged will loose life changing amounts of money. Look Stateside across the pond and things are clearly starting to unravel, and when they sneeze we all catch the cold!

All good points. I appreciate wage inflation hasn’t kept up with inflation. But still so much drop in value has been hidden by inflation. Price growth running behind inflation is in effect depreciation and I suspect we’re going to see slow growth for some time.

Very good points. You may well be right.

At the moment 1 in 5 properties on the market is a landlord selling.

agreed, as the investment appeal of property drops, the appeal of other investments like index funds grows. buying standard buy to let properties with a 75% mortgage are becoming harder and harder to make a profit on. Property investment works better if you are developing or building property, or if your less dependent on debt.

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Completely agree. The introduction of the buy to let mortgage product supercharged the market. Limits on % mortgage is important. So pre 2007 you could get 100% even 110% buy to let mortgages. Reducing to 75% to 80% the introduction of extra 3% stamp duty all helped dampen demand. Perhaps more should be done?

No one should feel sorry for landlords. Anyone able to invest in anything is likely fortunate. Buy to let properties have been reducing in number since 2016. Due to measures to make it less attractive. 2016 was when the extra 3% stamp duty was introduced on 2nd homes. Then section 24, then tenant fee ban. So all these measures are gradually promoting the home taking advantage over the investment. These measures will continue over time.

@@TheWilliamGale As they should until everyone who is working to be able to afford a home can afford a home.

Agreed, house price growth needs to be controlled. A significant reason house prices have increased so much is because we haven’t hit home building targets since the 50’s. If labour build the promised 1.5m homes that will also help

I’m sorry that happened. That is frustrating. What do you think about labours plans to bring in 95% mortgages? Does that help?

Yes section 24. I should have included. However only affects investors that hold properties in personal name. Does not apply to investors that buy through ltd companies.

I agree. ☝️ Landlords get so much criticism for a situation created by government. The underlying problem is we’re not building enough & thatcher sold off all the social housing. Which is why Labours plan is to build 1.5m homes of which a significant portion will be social housing & improving the protections on social housing not being sold. Let’s see if they pull it off.

Totally agree - how do we achieve this?

@@dthebukYou can’t collect rent on properties on monopoly, same should be the case in real life. Stop renting out mortgages properties, renters shouldn’t be paying that for you

@@dthebuk Idea off the top of my head: maximum one rental property per landlord, rent cap on how much they're allowed to charge, no ownership of homes by corporations. Probably someone who's thought about it more could come up with something better.

Increase stamp duty on second homes further. Increase protections for tenants.

@@TheWilliamGale over the past couple of years we’ve seen higher house prices and interests resulting in higher rent. Would higher stamp duty on second homes not do the same?

Tenants & Landlords*

Thank you. That’s appreciated 🙏

I guess it depends when you bought and if you over paid or not originally. I was making a general point and I should have clarified. There will be some landlords caught out and sounds like your aware of those instances and capitalising 👍 How ever I’m finding most aren’t needing to sell for less than they paid. Or aren’t able to sell for what they want and keeping as the rental market is very strong. My main business (see description below) is sourcing around 200 bmv properties enough for investors so I do see where you’re coming from. Thanks for the comment

@@TheWilliamGale A landlord selling with a tenant in situ can only sell to another landlord. Also, due to the higher risk, getting a BTL is much harder. So these properties are often selling to cash buyers. I bought 2 myself and the discount was close to 30%. Are you saying that you're achieving market value for your BTL landlords selling with tenants in situ??? I find that hard to believe.

We find selling properties with tenants in situ very tough. You’re 100% right there. Generally we sell vacant possession or if the landlord wants to sell with tenant in situ we advise far easier to sell at a better price vacant.

Thanks for the comment. I’m sorry you feel that way.

But landlords and *suffering* bro. So sad.

Thanks for the comment. What do you mean? I’m not sure I follow.

@@TheWilliamGalethey are mocking your attempt to make people feel bad for landlords.

I don’t think anyone should feel sorry for landlords. Anyone able to invest is likely fortunate.

Excellent to hear! I hope all goes well 👍 Anything I can do don’t hesitate to contact.

You should pay an additional service charge.

I agree. There needs to be more rights and protections to tenants. But there also needs to be protections to landlords if a tenant is being difficult and not paying rent for instance. Section 21 being scrapped isn’t the concern to landlords. As section 8 can be issued if a landlord has reasonable reasons to evict a tenant. The issue with section 8 is the court system is so over stretched it takes a huge amount of time to administer. Like the NHS, the court system is completely overrun and underfunded.

Force banks to give mortgages Force landlords to sell to their tenants

What if someone prefers to rent? Do you think the rental market shouldn’t exist?

@@TheWilliamGale If people want to rent fine, but make it a right to br able to buy the home one occupies, if thwy can afford the rent they can afford the mortgage.

I've been in the rental business and I can assure you that it was the best day of my life when my financial adviser put me onto investments that gave far better returns than rental properties. I didn't realise how much the properties had become a heavy chain around my neck. I only own two properties now and have never felt more free and happy! You go for it, keep on bashing landlords and more and more like me will find better or easier investments. Less rentals on the market = higher rents, it's called supply and demand, so crack on and in five years all your money will be spent on rent, well done, give yourself a pat on the back. xx

There are 33% less rental properties and 18% more tenants than pre-covid right now: The result has been massive increase in rents. So the market is becoming less attractive to investors which exactly what you say you want…but it actually costing you more. Reason is because true issue is we’ve not hit new build housing targets since the 50’s.

@@TheWilliamGale But what is the reason were not building new affordable homes? Because huge rental companies lobby against it to protect their supply.

@@Dj-Dman good, im glad you got out! And no, ill own a home and actually generate good for society ❤️

@@TheWilliamGale I understand your perspective, and what you say is right. But this is an issue that the renter economy has in the first place. Im not anti rent entirely. But it should be a niche option- not the default. And we should increase the amounts of homes on the market so people can buy instead of rent, but huge rental companies are preventing that from being a reality. Its tragic.

Agreed. Section 24 has been a big factor as well.

Exactly. Wtf!?

Section 24 doesn’t affect investors that buy through limited companies. So it created pain to investors when phased in, but of course not to net new purchases through ltd

I’m sorry your having such a tough time making it on the ladder! Hopefully the new governments plans will help?

What do you mean? I’m not sure I follow.

@@TheWilliamGale Why wouldn't the violent crash come this year?

Demand supply

@@TheWilliamGale So the demand for cash is not going to skyrocket in preparation to the real estate and stocks.

Could you elaborate what you mean?

I agree. Hopefully governments will keeps its promise on 1.5m new homes

House prices adjusted for inflation have dropped about 16% over the last two years. Inflation has in a way hidden a crash more recently. Your right. The market tends to bounce back

😂

Very insightful. Thank you. A very well rounded overview.

You could well be right. Time will tell. Although house prices adjusted for inflation have dropped 16% in the last two years.

Is that a good thing in your view?

@TheWilliamGale personally it's good for me as I own my house fully, but for our youth it's an absolute disaster. Our government continue to let in so many people, further exacerbating a dire situation.

Sounds similar challenges we’re having here in UK 🇬🇧

They can increasing behind the rate of inflation. That devalues property whilst they still ‘rise’

@@TheWilliamGale It depends how we look at the graphs. During covid a lot of inexperienced investors overpaid for their houses and these figures are now on the graphs. In reality an experienced investor wouldn’t have paid these extortionate prices and they simply weren’t buying during this time. The inexperienced investors became exit liquidity for the experienced investors. When you factor this into the graphs the prices have stayed very consistent over time and have followed liquidity cycles. I agree in 2026 general prices may appear to drop as liquidity tightens but the reality is that inexperienced investors are simply overheating the market when liquidity is high. Don’t confuse that overheating with market fair value

Prices adjusted for inflation have dropped and I agree in hindsight sight many buyers and investors alike overpaid and over stretched.

🤣 fair point! If you make enough guesses you eventually be right!

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Sorry! I’ll fix that in the next video!

Greetings! How is the buy to let property market in Finland? 🇫🇮

I agree. However generally property investors who rely heavily on debt will be first to see their returns disappear. You’ll still have demand from property investors who pay cash or 50% or lower mortgages. Returns will be more modest, but still good.

​@@TheWilliamGale property is fundamentally a leverage game and without it the returns don't make sense. While leverage definitely impedes cashflow without it current property literally doesn't make a return even vs cash in a savings account at 3-4% interest rates. Returns would therefore only come from outsized rental income returns but the market has already seen outsized rental increases and no corresponding real increase in wages. I think a crash fundamentally can only be avoided if we see real wages increase above inflation for an extended time which goes against 20 years of trend. I think property only makes sense if you're happy to accept a lower return vs equity/bonds/savings because you like property and are investing for a 20-30 year time horizon (from 2026) so short-term market conditions shouldn't play into your long-term business plan.

True but returns can be made developing property, adding value etc which is generally more beneficial. I agree with you. Property will keep becoming less and less attractive as an investment.

Thanks for the comment. Is that a good or bad thing for you? Are you looking to buy?

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Agreed. Very good point. Alternatively you can stretch out the term of your smaller mortgage to reduce your fixed costs in response. On paper, makes sense to invest. But I think for a portion of people, the difficulty is discipline to invest rather than allow lifestyle inflation to creep at the cost of investing.

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I’m ok thanks 🙏