stampduty

Rob & Rob are back with more listener questions! 

• (0.50) Mo wants to get started in property investment and is looking for a strategy that will generate cash flow quickly without taking up too much of his time. Is buying blocks of apartments a good option for him? 
• (3.43) Steve is looking to sell his residential home, move into rented accommodation and use the funds towards his property investments. What taxes will he be required to pay? 

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See omnystudio.com/listener for privacy information.

It’s time for another round of listener questions! 

• (0:47) Mo’s tenant has paid 5 months' rent up front for a 1-year lease. He recently had the first inspection, and the tenant has upgraded the house, and Mo’s wondering if he should see this as a good thing? 
• (3:48) James is looking to sell his residential home as his family is growing, and he’s got some burning questions about the SDLT he needs to pay. 

Enjoy the show? 

• Leave us a review on Apple Podcasts - it really helps others find us! 
• Sign up for our free weekly newsletter, Property Pulse 
• Send us your question by calling us on 013 808 00035 and leaving a message with your name and question (normal UK call rates apply) or click here to leave a recording via your computer instead. 

See omnystudio.com/listener for privacy information.

Buying your first home is one of the biggest financial decisions you’ll ever have to make, so how can you prepare for it? On the Money Clinic podcast this week, presenter Claer Barrett meets a couple  — 29-year-old Alex and her partner 31-year-old Sarah — who are midway through their property buying journey. They have lots of questions: Did they get the right kind of mortgage? Should they prepare for unexpected costs? And what other financial questions should they consider before signing on the dotted line? Claer sources advice from Daniel Knott, the mortgage broker who posts as @DanDoesMortgages on Instagram, as well as Jo Little, who runs chartered financial planning firm Emery Little. 

If you would like to be a guest on a future episode, you can email the team at money@ft.com or drop @ClaerB a DM on Twitter, Instagram or TikTok.

Follow Dan on social media @DanDoesMortgages 

You can read Jo Little’s blog here: https://emerylittle.com/author/joannalittle/

This free to read FT article goes into more detail about the legal aspects of joint property ownership: https://www.ft.com/content/f321264f-bb8e-472b-9f95-a4bd26b6d89b

This will help you find out how much you might have to pay in stamp duty: https://www.which.co.uk/money/mortgages-and-property/home-movers/stamp-duty/stamp-duty-calculator-ar7uu5s1fycx

Presented by Claer Barrett. Produced by Persis Love. Our executive producer is Manuela Saragosa. Sound design is by Breen Turner, with original music from Metaphor Music. 

Hosted on Acast. See acast.com/privacy for more information.

Rob & Rob are back again this week answering questions on when’s the best time to buy, and what happens to a mortgage if the property value falls. 

First up is Eleanor.  

With the stamp duty holiday due to finish at the end of June, Eleanor is keen to explore the top end of her budget. 

She doesn’t want to make a rushed investment and doesn’t want to consider stamp duty, but she’s keen to know how the stamp duty holiday will have affected the market when it comes to an end. 

Should Eleanor take advantage of the stamp duty holiday whilse she still can, or could she save more money by holding out for a dip in property prices? 

Our second caller this week is Owen. 

Owen wants to know what would happen if your buy-to-let property fell into negative equity at the end of your mortgage term when you came to re-mortgage. 

Will you then be locked into higher rates, or would you have to put in more cash to bring yourself back up to 25% loan to value? 

Tune in to find out. 

Do you have a buy to let or property investment related question for Rob & Rob? You could feature on the next episode by giving us a call on 013 808 00035 and leaving a message with your name and question (normal UK call rates apply).  

Or if you prefer, click here to leave a recording via your computer instead. 

The next question on Ask Rob & Rob could be yours.  

Have you joined us over on the Property Hub Forum yet? Our online community is friendly, informative, and the members are waiting to welcome you with open arms. So get yourself over and introduce yourself. 

See omnystudio.com/listener for privacy information.

Rob & Rob are back again this week to answer two more fantastic property questions from two of our listeners.

This week our first question comes in from Luke in Manchester, who’s been inspired by The Property Podcast to get started in his investment career. 

Luke is in a situation that most people are probably in when trying to start their buy-to-let journey. He’s looking to purchase his first personal home and an investment property at the same time. 

At the minute he’s only going to have enough funds for one mortgage so he’s considering buying a two bedroom apartment (or house) and is looking to rent out the second bedroom. But he has a few questions around this:

• Is there a particular mortgage he’ll need to enable him to do this?
• How much stamp duty will he have to pay?
• Are there any other considerations?
• ...and is this actually a good idea?

Find out what Rob D thinks of this idea and if it’s actually doable. Maybe this could work for you as well. 

Our second caller is Sally who has a question about stamp duty. She’s changing her residential home to a buy-to-let so that she can buy a new house with her partner. 

She’s been given two different sets of figures from her solicitor and mortgage broker in terms of how much stamp duty she’ll pay. One is saying £2,200 and the other £9,250! 

Obviously that’s a huge difference so Sally wants this clearing up. 

So, is Rob B about to put her mind at rest or burst her bubble? 

Tune in to find out!

Do you have a buy to let or property investment related question for Rob & Rob? You could feature on the next episode by giving us a call on 013 808 00035 and leaving a message with your name and question (normal UK call rates apply). 

Or if you prefer, click here to leave a recording via your computer instead.

The next question on Ask Rob & Rob could be yours. 

Have you joined us over on the Property Hub Forum yet? Our online community is friendly, informative, and the members are waiting to welcome you with open arms. So get yourself over and introduce yourself.

See omnystudio.com/listener for privacy information.

What's the most important thing when you want to move home?

Should you worry more about getting the best price or simply about getting your home sold?

On this week's podcast we delve into the art of home selling, looking at how to make sure the price is right, whether to do work before you sell, or just a quick spruce up and why what's happening in the property market near you should be a deciding factor.

Another month and another set of mixed messages about the state of the housing market is revealed.

First-time buyers who have a deposit and home movers in the North are doing fine. But London is on the ropes and second and third movers are staying put, bringing the market to a standstill.

According the Halifax, prices nevertheless managed to rise £3,000 last month in this ‘subdued’ market.

Editor Simon Lambert, assistant editor Rachel Rickard Straus and money broadcaster Georgie Frost get into the aural attic to unbox the facts.

The villain of the piece, they agree, is stamp duty. It used to be a 1% tax on purchases but it got tweaked into a giant cash cow for the Treasury by successive Chancellors.

Stamp duty is stalling the market and needs to change but how?

And is it really worth putting in a new kitchen before you put your home on the market if things get desperate?

Also on the show: Paddington Bear 50p Gate.

An exclusive This is Money report this week found an enterprising student in Caerphilly who had been handed a not-yet-released Paddington Bear 50p coin in her change.

The shop happened to be down the road from Royal Mint, where the coin was made. The coin happened to end up on eBay with bidding topping £15,000.

Find out how this happened and whether it’s true, spoiler alert: it is, what ridiculous lengths the Mint went to try to get its coin back and how you can get your hands on one.

Finally, the clamour to tackle inner-city pollution has taken an unexpected twist with motorists in a huge new area of London bearing the brunt of a proposed new fee.

Owners of reasonably new cars that don’t meet the emissions standards of brand new ones, face a £12.50 charge every time they drive - even if they live in the zone and need to take the kids to school.

Not everyone is happy. Especially as it looks like the explosion in numbers of online shopping delivery vans and not cars might be the major cause of pollution.

Enjoy,

The Chancellor axed stamp duty for first-time buyers in the Budget up to £300,000, but his own watchdog claimed it would drive up house prices.

So is the Office of Budget Responsibility right? Simon Lambert says its logic is flawed and that we need to be even more radical on stamp duty - maybe even making the seller pay.

Buying land and developing isn't something that will be in most people's plans, and it's certainly not for beginners. But most people are attracted by the idea of bigger projects – so whether it's something you're looking at now or aspire to do in the future, this jam-packed episode is a must-listen.

It's a process that Rob B has been through recently, so while it's still fresh in his mind we talk about:

• Different ways to find land (this isn't a job for Rightmove!)
• What to consider when it comes to financing the project
• Ways of finding land that you should be very wary of
• What to check before you make an offer
• A formula for working out how much you should be paying
• What you should be aware of around planning permission
• How the buying process differs from a normal property project
• And lots more!

Resource of the week

Rob B gave a ringing endorsement of Ray Dalio's new book, Principles – calling it his favourite book of the year, and he's only halfway through!

Ray's a billionaire and has a lifetime of phenomenal achievements, but his crowning achievement is the honour of appearing in "Resource of the Week" twice: we previously recommended his short video, How The Economic Machine Works.

News this week

The Telegraph reports that Stamp Duty revenue is up dramatically since its changes a couple of years ago – but transactions have fallen too.

A cooler housing market was part of the purpose for the changes, but it's not healthy if that involves fewer transactions too. Will further changes be made? We'll see...

Join our next Discovery Webinar

Our recent discovery webinar – where you can find out more about our businesses, RMP Property and Yellow Lettings – was extremely popular, with hundreds of people registering. So we're doing it again!

The next one is on Wednesday 25 October at 6pm, and you can book your free place at thepropertyhub.net/discover.

Join us to find more about how our businesses can potentially help you move forward in property, and put us on the spot with a bit of live Q&A.

Join the conversation

Have you ever bought and developed land?

Or is it something that forms part of your plans?

We’d love to know, so join the discussion in The Property Hub!

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See omnystudio.com/listener for privacy information.

Is this the best financial product ever? From a saver's point of view the Help to Buy Isa may just be that.

Much of the work at This is Money involves uncovering bad behaviour at banks and other providers of financial products.

Anyone would think bankers had no morals.

Of course, we also work hard to praise the good stuff.

One banker this week, claims a product has been launched that has no downside. Really?

Is there finally something too good to be true that is actually true?

Editor Simon Lambert and This is Money’s money product expert Laura Whitcombe pore over the new help-to-buy Isa that hands free money to first time buyers.

But what’s the catch?

Also on the show…

It’s going to get tough for home owners for all sorts of reasons.

It’s already getting tough for buy-to-letters – but is that such a bad thing?

What’s the matter with people and their unhealthy relationship with credit cards?

Does anyone care about climate change when you can save a few quid on your ‘lectric?

Are you earning less than a tractor driver?

Help small shops and small businesses. They’re lovely.

And cake.

#cake #credit #helptobuy #climatechange #shopping #homes #banks #money #spending

This week we took a look back to see how well our crystal balls were functioning a year ago: how close were we with our predictions for house price growth in 2014? Well, you’ll have to listen to the episode to find out. But this also touched on an interesting question – how do we know […]

The post TPP091: Predictions for 2014 – How did we do? appeared first on The Property Hub.

See omnystudio.com/listener for privacy information.