universal credit

Today's bombshell rabbit (to mix a metaphor) was the Chancellor's promise to abolish the lifetime allowance on pensions.

If you're super-rich it's time to crack open the champagne. If you're working age and well-paid, it might keep you in your job longer - at least that's the aim- but this is against a backdrop where household disposable income is falling at its fastest rate since the 1950s.

We talk childcare, taxation, potholes, and Brexit beer.

Later, we revisit the question of BBC impartiality after leaked emails show an editor succumbing to pressure from Boris Johnson's Number 10 during the pandemic.

You can watch our episodes in full at https://global-player.onelink.me/Br0x/Videos

The News Agents is a Global Player Original and a Persephonica Production.

Rob & Rob are back again this week and this time they’ve got one of our favourite podcast guests joining them. Mark Morris. 

You’ll probably remember Mark from a few months ago when he was sharing his investor story - the one that got everyone buzzing!

Well, he’s back again this week to discuss Universal Credit after making himself somewhat of an expert on the topic. 

Most investors are only aware of Universal Credit coming into play a few years ago when the government rolled a number of benefits into a single payment directly to the claimant. The government were aiming to do two things:

1. Combine several benefits into one
2. Ease the transition of claimants back into work

Naturally this caused problems for landlords as they were no longer getting paid directly from the government. 

It’s now got to the point where, as an investor, it’s something you need to be clear about.

And that’s why we’ve invited Mark Morris into the podcast studio to educate us all, including Rob & Rob…

And as promised, here are all the links you need which Mark refers to on today’s podcast:

LHA rates linked in article

DWP Universal Credit Landlord page

Information-for-landlords

Mark Morris’ Linkedin profile

In the news this week, we’ve got ‘demand for stamp duty holiday to reignite the housing market’. Rob & Rob have had a couple of messages this week from people who have been getting excited about the prospect of a stamp duty holiday. 

However, that’s all just hearsay right now, and something that people have been saying should be done. But isn’t necessarily coming into play. 

Will it happen? We’ll have to wait and see, but it’s certainly something that would benefit the housing market. 

This week’s Hub Extra is something that will keep the kids quiet for a bit and do some good at the same time. It’s a service called Goodnight Zoom that matches your child with somebody who’s elderly or isolated and gives them a way to read a story together over Zoom. 

How lovely is that?! No, we’re not crying, you’re crying! 

We’d love to hear what you think of this week’s Property Podcast over on Facebook, Twitter or Instagram. You might even have a topic you’d like us to cover in the future - if so, pop us a message on social and we’ll see what we can do.

Make sure you’ve liked and subscribed to our YouTube channel where we upload new content every week! 

If that wasn’t enough, you can also join our friendly property community on the Property Hub forum.

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This week on Ask Rob & Rob, the guys are answering two caller questions about strategy and the potential changes to Universal Credit.

Our first caller this week is Matt. He’s a fairly new listener who joined us earlier this year, however he’s already got a couple of buy-to-let properties under his belt. 

He’s currently in the process of purchasing his next buy-to-let which will be his first property in Liverpool. His strategy is to buy properties with good yields to help build his deposits up. His main aim in the next 10 years is to quit his day job. 

So, do Rob & Rob think this is a good strategy? What yield figure should Matt be looking at and how much should he be paying for his properties to achieve it? 

The second caller is also called Matt! He’s seen an article on Landlord Today about changes to Universal Credit and the possibility of landlords having rent paid directly to them instead of the money going to tenants who then pay their landlord. 

He’s wanting to know what The Robs thoughts are on this topic and how they think it will affect the market. 

If it affects the market at all.

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.

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This week we talked about risk and reward. You’re obviously taking on some level of risk by investing in property rather than keeping your money under a mattress, but how do you calculate the risk/reward balance that suits you and find an investment approach that matches? We talked about the notion of risk and reward […]

The post TPP044: Risk and reward in property investment appeared first on The Property Hub.

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