All Tied-Up?

Ok, so there’s alot of uncertainty still in the air for Landlords what with various regulations and legislation being floated, so I thought I’d start this week with some reasons why fundamentally, getting into property investment is still a good idea: (1) Rents are rising, and should continue to do so for the foreseeable future – ahead of inflation – due to increasing demand (2) A population increasing faster than the number of housing options (3) An increasingly competitive mortgage market (4) The ability to leverage, by using mortgages – a factor almost completely unique to Property as an asset class (5) Increasing lifespans – inducing greater demand (6) Lack of coherent housing policy by successive governments – and persistent failure to meeting house-building targets (7) A variety of strategies to choose from – that are ever-changing (8) Increased numbers of Landlords selling-off in the current market due to the “mood music” from the government – meaning stronger negotiation positions for buyers of those properties.

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Private Landlords Bring Significant Economic Benefits. A report by the NRLA and Paragon Bank highlights the significant economic contribution of private landlords to the various regions of the UK, including in the North West of England. The private rented sector (PRS) in this region alone generates £4 billion in gross value added (GVA) and supports 34,000 jobs. This emphasises the importance of landlords to the regional economy.

Rent Controls in Scotland Proving Challenging for Market. There is concern about a potential decline in rental properties and the potential upwards pressure this is having on rents between tenancies. There is also concern over broader social and economic effects, including reduced worker mobility.

ATTENTION Property Operators: We want to help you increase your housing stock and save up to 2 thirds per person housed in the process! We have units available NOW at 90 day’s notice for lease for up to 6.5years for use as-is, or lightly modified to suit a C3(b) Supported Living purpose – and other areas may be coming soon. Get in touch here, or get more information here.

Pressure to Permanently Abandon Plans for Potential Rent Controls in England. A report by the Institute for Economic Affairs (IEA) found rent controls can worsen housing affordability and reduce rental stock. The IEA report, and concerns from council leaders, raise doubts about their effectiveness – both for Scotland and England. Keir Starmer now appears to be ruling out any rent controls for England.

UTILITY OF THE WEEK (Back to Basics). Image to Text. So you just received a large document that you need to edit? No problem. Except it was sent as 10 different images… Worse yet, there are lots of different fonts and messy writing all over it. Image to text convertors are nothing new, but this one takes the accuracy to the next level. It also converts un-editable / selectable PDFs. Try it out.

Government Assistance Sought for Landlords to Meet EPC Targets by 2030. A recent survey by Skipton Building Society revealed that 39% of Landlords would consider selling their properties rather than footing the aggregate £24 billion bill for them to be raised to C by 2030. The importance of government support and collaboration with the landlord industry to find solutions is emphasised by Green Jobs Barometer, who highlight that there is a risk of a large shortfall in available tradespeople.

Energy Theft. Crimestoppers warns Landlords about potential energy theft by tenants. They advise including a clause in tenancy agreements forbidding meter tampering in order to act as a deterrent, and allow those breaking the law to be evicted swiftly in order to make the property available to law-abiding tenants.

Who are M2P? Married2Property are a family-run property company that aims to build social good through property.

Lenders Aggressively Seeking Landlord Business. Mortgage deals are gaining momentum as lenders adjust terms to attract landlords, with many offering increasingly competitive rates and incentives to capture market share. The changes include varied interest rates and conditions tailored to meet the demands of property investors, reflecting the competitive nature of the mortgage market.

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Song of the Week: 🎶 Hurt My Heart – White Lies 🎸

And Finally… The next time you’re chowing-down on a McMuffin, consider the fact that from their early years, McDonald’s focussed on buying land and buildings and leasing them to franchisees who ran the physical restaurants – expanding rapidly worldwide. Whilst known for its food, the company is arguably a property company, making far more of its money from the land and buildings that it owns – through rent and franchisee fees. Previous CFO (Harry J Sonneborn) once said (a few decades ago): “we are not technically in the food business. We are in the real estate business. The only reason we sell fifteen-cent hamburgers is because they are the greatest producer of revenue, from which our tenants can pay us our rent.” Don’t know if you enjoyed this factoid, but I’m lovin’ it.