Landlord Investor FEB 2016

BY

INDUSTRY

EXPERTS

COVERING

ALL

ASPECTS

OF

BUY-TO-LET

FEBRUARY 2016

WRITTEN

LANDLORD | PROPERTY | INVESTMENT

TRENDS IN THE PROPERTY MARKET: WHAT IS THE FUTURE OF BUY TO LET?

- Tom Entwistle

WIGGLE AS MUCH AS YOU LIKE: STAMP DUTY

- Peter Littlewood

WHY LANDLORDS SHOULD BUY IN EAST LONDON

- LandlordNews

WHAT IS THE FUTURE OF

BUY TO LET?

T R A N S PA R E N T

LENDING

Our commitment to sustainability and transparency has delivered over £1bn in lending to property professionals, investors and SMEs. Shawbrook helps property professionals succeed: •

Transparent finance underpinned by a responsible lending framework

•

Personal, case-by-case approach to funding

•

Clarity of fees and charges across all products, at all times

•

Broad range of competitive short term and term products

•

Lending available for individuals, LLPs and limited companies

r w.b idgin

w

2015

cia l.co.u

w

T 01277 751 112

ndc omm

er

ga

k

C O N TA C T S H A W B R O O K T O D AY

Awards 014 2

pi@shawbrook.co.uk

W W W. S H AW B R O O K . C O. U K

COMMERCIAL LENDER OF THE YEAR 2013,2014 & 2015

MOST INNOVATIVE LENDER 2013 & 2014

BEST SERVICE FROM A COMMERCIAL MORTGAGE PROVIDER 2012, 2013 & 2014

BEST COMMERCIAL MORTGAGE PROVIDER 2015

SPECIALIST

S H O RT T E R M LO A N S

C O M M E RC I A L

TRADING

B U Y TO L E T

& REFURBISHMENTS

INVESTMENTS

BUSINESSES

ANY PROPERTY USED AS SECURITY, INCLUDING YOUR HOME, MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT

3

WELCOME TO THE FEBRUARY ISSUE OF LANDLORD INVESTOR! Editorial Editor

Tracey Hanbury editor@landlordinvestmentshow.co.uk Editorial Contributors Dean Jackaman Kevin Wright National Landlords Association Paul Shamplina Peter Littlewood Rose Jinks Simon Zutshi The Property Ombudsman Tom Entwistle

Art Dept.

Design Craig Edmonds Advertising Beverley Meliniotis

Contact 0208 656 5075 landlordinvestmentshow.co.uk /LandlordInvestmentShow @LandlordInShow

Tenants History LTD Southbridge House Southbridge Place Croydon CR0 4HA Statements and opinions expressed in articles, reviews and other materials herein are those of the authors; the editors and publishers. While every care has been taken in the compilation of this information and every attempt made to present up-to-date and accurate information, we cannot guarantee that inaccuracies will not occur. Tenants History Limited and our contributors will not be held responsible for any claim, loss, damage or inconvenience caused as a result of any information within these pages or any information accessed through the promoted links.

It seems January has flown by for another year and we find ourselves this month back into the usual routine with the second issue of 2016.

This month, Tom Entwistle is analysing the story of buy to let to potentially gain an insight into what the future holds for landlords and investors by assessing demographic trends from past to present.

Also looking towards the future is Peter Littlewood from the Southern Landlords Association. The up and coming laws on stamp tax puts a big question mark at the end of the buy-to-let story, and in this issue Peter examines the details within the law and explains how it could affect landlords throughout the country

CONTENTS Expert Advice Tax Advice Landlord Association Lettings & Management Investment Opportunities Buy to Let Analysis Investment Industry Update Industry Spotlight

06 12 14 16 18 20 22 30 32

Also this month, we take the Landlord Investment Show to East London for the first time and we also return to Colchester early next month for the second time.

East London has been highlighted as one of the most up and coming places to invest in property, and in this issue Rose Jinks from LandlordNews.co.uk discusses why you should invest in East London.

We hope you enjoy reading this months issue, and we look forward to seeing you at our East London show on 24th February as well as our Essex show on 2nd March. Enjoy!

Tracey Hanbury | Editor Landlord Investor

Tracey Hanbury

February 2016

LANDLORD INVESTOR

4

MEET THE TEAM

SHOW LOCATIONS

TRACEY HANBURY EDITOR & SALES DIRECTOR

T: 0208 656 5075 M: 07931 308 875 tracey@landlordinvestmentshow.co.uk

JANUARY - GUILDFORD

FEBRUARY - EAST LONDON

MARCH - COLCHESTER

MARCH - BRIGHTON

APRIL - CROYDON

APRIL - DARTFORD

MAY - MAIDENHEAD

MAY - STEVENAGE

JUNE - LONDON OLYMPIA

JULY - EPSOM DOWNS

SEPTEMBER - MIDLANDS

SEPTEMBER - NORWICH

OCTOBER - MANCHESTER

NOVEMBER - LONDON OLYMPIA

STEVE HANBURY DIRECTOR

T: 0208 656 5075 M: 07429 683 046 steve@landlordinvestmentshow.co.uk

LES HANBURY DIRECTOR

FRAN ROBINS

SALES & EVENTS MANAGER T: 0208 656 5075 M: 07950 284 615 fran@landlordinvestmentshow.co.uk

RYAN DENNINGTON SALES & EVENTS MANAGER

T: 0208 656 5075 M: 07931 308 856 ryan@landlordinvestmentshow.co.uk

BEVERLEY MELINIOTIS ADVERTISING SALES MANAGER

T: 0208 656 5075 beverley@landlordinvestmentshow.co.uk

CRAIG EDMONDS CREATIVE DESIGNER

T: 0208 656 5075 craig@landlordinvestmentshow.co.uk

IF YOU WOULD LIKE ANY INFORMATION ABOUT OUR 2015 SHOWS, PLEASE GET IN CONTACT WITH A MEMBER OF THE TEAM OR ALTERNATIVELY, VISIT OUR WEBSITE AT: WWW.LANDLORDINVESTMENTSHOW.CO.UK

February 2016

LANDLORD INVESTOR

WRITTEN

BY

INDUSTRY

EXPERTS

COVERING

ALL

ASPECTS

OF

BUY-TO-LET

LANDLORD | PROPERTY | INVESTMENT

AUCTION | COMMERCIAL | COMPANY SPOTLIGHT | DEVELOPMENTS | EXPERT ADVICE | GREEN DEAL INVESTMENTS | NEW INVESTORS | LANDLORD ASSOCIATIONS | LANDLORD INSURANCE | LEGAL LOCAL PROPERTY MEETINGS | NEWS | TAX ADVICE

TO RECIEVE A HARD-COPY OF LANDLORD INVESTOR MAGAZINE:

PLEASE EMAIL: BEVERLEY@LANDLORDINVESTMENTSHOW.CO.UK IF YOU WISH TO SUBSCRIBE TO THE HARD-COPY, OUR ANNUAL SUBSCRIPTION FEE IS £54.99 FOR 11 ISSUES. DIGITAL SUBSCRIPTIONS ARE FREE.

6

EXPERT ADVICE

DEMOGRAPHIC TRENDS AND THE PROPERTY MARKET Tom Entwistle - LandlordZONE

STUDYING THE DEMOGRAPHICS OF A COUNTRY GIVES US AN IMPORTANT INSIGHT INTO ALL ASPECTS OF LIFE IN THAT COUNTRY, AND ALSO AN IMPORTANT INDICATION OF ECONOMIC DEVELOPMENTS, PARTICULARLY IN OUR CASE, THE FUTURE DEMAND FOR HOUSING. But what are demographics? One definition is: "the number and characteristics of the people living in a particular location, especially their ages, how much money they have, and how they spend it or save it."

Likewise, two other major factors are affecting the UK in a big way: migration and population growth, both of which are linked. Both immigration into and the population in the UK are expanding “like Topsy”, unlike many other European countries, particularly in the European Union (EU) eastern states. This has implications for UK housing, transport, education, the health service and much more.

So, knowledge of demographic trends gives us a good indication of investment potential for the future: for example, the Baby Boomer generation born just after WW2, and now retired or retiring, is changing the demographics of the UK; it has all sorts of implications for the property market.

Then there is the high UK divorce rate, a rise in the age of when people are getting married and starting a family, with more single men and women wanting to live alone while building their career. There are hundreds of thousands of pensioners and widows living alone in three-bed semis.

February 2016

LANDLORD INVESTOR

7

Generation rent, a large cohort of young people who choose to, or have no other choice but to rent, is one of several reasons for the growth of renting. Buyto-let and renting are the cause of a major shift in the ownership profile in UK housing over the last 20 years, one which is resulting in social, economic and political pressures; these housing issues carry a large amount of emotional baggage in the public psyche.

So much so that the government now sees the need to react to media and public opinion and also economic uncertainties caused by heavy borrowing.

They are making substantial regulation changes which will have an impact on landlords: tighter rules and regulations, taxation restrictions and mortgage controls.

UK DEMOGRAPHICS The indigenous population is not reproducing at a high rate, but it is growing and people are living longer due to improving health care, better and less strenuous working conditions and a cleaner environment. However, the fast-food trend is having a countervailing effect with many people exercising less and becoming overweight. If this trend can be reversed

with more enlightened lifestyles, we can expect the population to grow even more.

Another important trend is immigration. Immigrant families tend to have more children and therefore add to population growth. This is something which is healthy for the economy when they are working, supporting higher GDP growth and preventing wage inflationary pressures building up.

These general demographic trends are well known, fairly predictable and will help support house prices and demand for UK property in the long-term. The UK population is projected to increase from some 55 million in 1975 to nearly 70 million by 2020, mainly through people living longer, net immigration and increasing birth rates.

Latest population estimates show that the population of the UK has increased from 60.0 million in 2004 to 64.6 million in 2014. A nearly 5 million growth in 10 years is one heck of a rate of expansion and this rate is likely to be even faster in the next few years.

According to the Office of National Statistics (ONS): “Under the principal assumption of fertility, mortality and migration, the population is projected to reach 74.3 million people in the UK in 25 years’ time; this is 6.6 million or 9.8% higher than the zero-net-migration (natural change) variant.�

Much of this population growth will be in the southeast of England, where London is set to become the largest city in Europe by 2025.

Millions 76 74 72 70 68 66 64 62 60 58 2014

2016

2018

2020

2022

Principal Projection

2024

2026

2028

2030

2032

2034

2036

2038

Zero-net migration (natural change)

February 2016

LANDLORD INVESTOR

EXPERT ADVICE

These factors are affecting the changing demand for all the different kinds of housing, and as a consequence of that, given a restricted supply situation, the price and rental values of all properties in their various locations. Lack of space, especially in cities, to build new homes, plus planning restrictions, all add to the mix of a massive UK housing problem.

8

EXPERT ADVICE

Estimates on the number of migrants that have moved to the UK from Poland alone total well over one million, and the latest available 12-month figure shows net long-term immigration into the UK was a record 330,000 plus.

T'WAS EVER THUS: WORLD MIGRATION PATTERNS Mass migrations have been a feature of world history. Population movements have been happening for hundreds of years including migrations from Europe (including Britain and Ireland) to North America. Starting in the seventeenth century and continuing through the Californian “Gold Rush” years in the 1850's, and a major migration from Europe to North America from 1860-1940, populations have kept migrating.

Soon after WW2 there were mass migrations from the British Commonwealth countries in south Asia and the Caribbean to the UK and in the United States, a mass migration of southern African-American workers going north to the factories and farms in New York, Chicago and Detroit. This was a move to industry and farms in the north from the cotton plantations of the south, after the abolition of slavery. Unfortunately, as factory and farm work became much more mechanised, there is far less work for those migrants and their offspring, which has led to major problems and tensions in cities like Detroit.

There was the enforced movements and pre-war deportation of Jews from Germany to the east and we now have the migration within the EU countries from the Eastern poorer states to the economically advanced west. More recently, we are faced with mass migrations from Afghanistan, Iraq and Syria in the east and Africa in the south, all external migrants coming into EU countries.

The relatively poverty in countries from central and Eastern Europe, when they joined the EU, has meant a stream of young workers coming into the wealthier EU countries, Britain included, where they find they can earn up to 10 times more, simply by moving west.

February 2016

LANDLORD INVESTOR

As a consequence of this migration, most eastern European countries are seeing their populations fall. The big difference between now and mass migrations in the past is that before, movement was usually to countries with plenty of land and relatively cheap housing. This is not the case anymore in Europe and especially in the UK where land, especially building land, is in short supply, making housing expensive. The net result is that mass migration adds to an already acute housing shortage, particularly in the capital.

One hundred years ago, the European population was 14% of the world's population. It is now thought to be down to 6%. By 2050 the United Nations has forecast it will be down to 4%. Consequently, the UN predict the population of the EU as a whole will contract by 7.5 million people over the next 45 years, assuming a net immigration of 6.8 million and the indigenous population declining by some 14 million.

By contrast, in the USA the population is set to grow by 40% in the same period.

In Europe, people are getting married later, having fewer kids and many only have one or even no children. In Italy, if the fertility rate remains as now, with no significant rise in immigration, the UN predict a drop in population of 30%. This is a major problem for some EU nations, hence Germany’s welcoming of refugee migrants; but thankfully, for the UK and most of North West Europe, Scandinavia, Holland, Belgium and to some extent France, the population levels are much healthier. In most of these countries there are not expected to be significant declines in the population, and indeed, as shown above, the UK population is expected to grow significantly, albeit south-east biased.

9

AN AGING POPULATION

A strong and growing economy will attract the young to the major cities leading to increasing populations and wealth in and around the major economic service centres: London, Birmingham, Manchester, Leeds and Bristol. There will be, particularly in London, a continuous cycle of city living, followed by a migration out to commuter-ville, as couples marry and have families.

Many northern and rural areas not considered good retirement centres may continue to depopulate as large industries decline and farming becomes more difficult: northern Scotland, mid Wales and parts of northern England could be affected in this way.

However, there is likely to be a small but steady stream of wealthy city workers moving into some of these areas wanting a complete change of lifestyle, some working from home as high-speed broadband spreads to these more remote areas, while others simply to retire.

Many retiring baby-boomers and lifestyle changers will relocate to southern coastal areas, the West Country in England and to parts of Wales, where the climate is kind and the scenery un-spoilt. A continuation of long-term change that’s been in train for years is the moving of low income rural workers to the towns and city suburbs, while the wealthy earners move to the countryside, buying farms and barn conversions, and leasing out the farmland to farming conglomerates.

Meanwhile, the demand for renting will continue to be strong. Most immigrants rent initially when they arrive, and most will occupy properties in cities and around major city hubs. London and the south east, and to some extend other major centres, continue to attract young professionals from all parts of the UK.

EXPERT ADVICE

The world is getting older. Over the next 25 years the number of people aged over 65 is set to double, and by 2025, around 13 per cent of the global population will be over 65. As the baby boomers retire, many will move out of towns and cities, some to be closer to relatives and others close to the sea or in leisure areas such as national parks. Most will try and stay close to their families and friends and many will consider selling-up to raise some capital and rent; in retirement complexes and sheltered housing, or just simply renting a smaller home.

Record numbers in further and higher education living in university towns, and an increasingly mobile workforce, many on short-term contracts, at least initially, create a constant demand for renting.

These changes all have implications for property demand and the kinds of homes likely to be in most demand. Good quality medium sized homes on the south coast and south west England and south Wales, as well as good quality single rentals and multi-occupied (HMOs) in the large towns and cities are all likely to benefit.

Countries with ageing populations may struggle with lower levels of labour force participation and higher dependency ratios. This will place a higher burden on the shrinking working age population. Those in work may have to pay higher taxes, which can cause productivity and economic growth to fall.

As house prices have risen, affordability becomes a problem for first time buyers, and social housing supply remains constrained, the number of households in the private rented sector has more than doubled since 2001, rising from 2.3 million to 5.4 million by 2014, around 20% of the total.

A recent Price Waterhouse Cooper (PWC) report is predicting that this trend will continue with possibly an additional 1.8 million households becoming private tenants by 2025. This would take the total UK renting households to nearly one in four (25%) of the total. The trend is particularly strong in the 20-39 age group, where more than half could be renting privately by 2025.

February 2016

LANDLORD INVESTOR

EXPERT ADVICE

10

According to PCW the rise of “Generation Rent” is set to continue, but fewer older households will have mortgages. The total number of households who own their home with a mortgage fell from around 10 million in 2001 to only around 8 million in 2014.

This is set to decline even more to around 7.2 million by 2025 as limited housing supply, affordability and mortgage availability make it harder for first time buyers to get on the housing ladder.

Despite the government’s drive to make buying easier, and the various help-to-buy and build-to-rent schemes, the younger generations who will be renting privately becomes the norm; many of them will only become home owners quite late in their adult lives, if at all. A significant rise in the supply of affordable housing might change this in the long run, but the rate of new-build investment would have to increase dramatically to make a dent in the problem. It would be very unlikely to occur fast enough to stem the rise in Generation Rent between now and 2025.

As the total value of UK landlord-owned housing has now overtaken that held by mortgaged owner-occupiers, according to a recent survey carried out by international property consultants Savills, it shows the true scale of the problem facing government, with its home ownership policy.

Lucian Cook, head of residential research at Savills, has said that seeking to reverse this trend was like “turning a very heavy battleship”, questioning whether a series of schemes aiming to promote home ownership — one of the Conservative government’s key priorities — could combat the structural shift. “I suspect [the government initiatives] will help parts of the market, but they are unlikely to reverse the trend wholesale…” Mr Cook said.

February 2016

LANDLORD INVESTOR

This long-running battle being played-out in the UK housing market is one of a limited supply of newbuild which is constantly trying to play catch-up with these ever increasing demands, due to the UK's growing population and changing demographics.

Our own scenario is set against a different one in much of the rest of Europe which is experiencing falling populations. Examples are Germany or other parts where they have ample space to build well beyond that demanded as a consequence of population decline, such as eastern Europe.

Ultimately, Britain's overcrowding ratio ensures that no matter what the media, the politicians and academics may argue, many people just cannot and will not be able to afford to buy. Even if the number of new houses built per year were to double, which is unlikely, prices may stabilise, but they would be unlikely to fall by much at all, and would more likely continue to rise in-line with inflation.

The more likely scenario is that the UK will not build anything like the 300,000 units per year needed to satisfy demand long-term, so the supply / demand pressures will continue to put upward pressure on prices and rents.

The biggest driver of property prices and rental growth is where demand is exceeding supply, so identifying these locations by doing your due diligence research before you buy is crucial. ⌂ Tom Entwistle is Editor of LandlordZONE®

速

TenantVERIFY for Landlords & Letting Agents Credit Checks & Referencing 速

We verify thousands of Tenants and Guarantors for busy Landlords & Agents every year.

We pride ourselves on our First Class, Fast & Efficient Credit Checks & Referencing Residential & Commercial Tenants, Guarantors & Limited Companies.

Basic Credit Checks within 2 hours, full Referencing Checks normally within 2 days, & International Checks within 5 days.

Professionals Rely on TenantVERIFY

速

Established - 1999 - 0845 260 4421 - TenantVERIFY.co.uk

12

TAX ADVICE

WIGGLE AS MUCH AS YOU LIKE, BUT THE INLAND REVENUE WILL CATCH YOU! Peter Littlewood Southern Landlords Association In the last issue I told you about the changes to Stamp Duty Tax (SDT) whereby anyone left with two properties in England, Wales or Northern Ireland after buying or selling is to be hit with extra 3 per cent stamp duty bill. Only houseboats, caravans, homes under £40,000 and some multiple purchases are exempt.

THIS TIME WE WILL LOOK AT THIS IN MORE DETAIL, AND FURTHER IMPLICATIONS. All properties will be affected. For example, anyone buying a £200,000 second home or buy to let before April pays stamp duty of £1,500.

This is based on paying zero per cent on the first £125,000 of the property value and 2 per cent on the portion between £125,001 and £250,000.

But from April, landlords will have to pay 3 per cent for the first £125,000 and 5 per cent instead of 2 per cent on the amount between £125,001 and £250,00.

This gives them a total bill of £7,500.

When the Chancellor announced this in the Autumn 2015 statement he was probably anticipating a ‘double whammy’; a cooling of a perceived hot market; and an increased source of tax revenue.

February 2016

LANDLORD INVESTOR

Unfortunately, a recent Land Registry report by Savills shows an 18pc drop in receipts in the first eight months of 2015 against the previous year, meaning the Exchequer is set to receive £870m less from stamp duty last year. And whilst the market is unusually buoyant at this time of the year, with landlords trying to get last minute purchases completed before April 1st, it is likely to remain reduced in 2016.

A recent comment in the Daily Telegraph stated: “It is clear that the Chancellor made a fundamental error in raising stamp duty to the current levels on residential property, reducing the national tax take and triggering off a chain reaction which he at the time cannot have fully understood.

But Osborne is nothing if not an accomplished politician, and I expect that later this year he will reduce it to less damaging levels. I would suggest a 9pc rate between £2.5m and £6m. At the same time, do not be surprised if he increases duty on commercial property.”

13

IS IT WORTH 'FLIPPING' YOUR PRINCIPAL RESIDENCE?

IS IT WORTH TRADING AS A COMPANY? The simple answer always given by tax experts is – “it depends on your personal circumstances”.

Frequently in the past it has been worth trading as a company, but surprise, surprise the Chancellor has been tweaking that as well.

In the last few years we have had the perfect tax storm in residential property, whether held by companies or not, from the introduction of an “annual tax on enveloped dwellings” to offshore capital gains tax; from clampdowns on corporate vehicles buying property to the reduction of buy-to-let interest relief.

ANNUAL TAX ON ENVELOPED DWELLINGS (ATED) Enveloped properties are those owned by a company, or partnership, rather than an individual. This has been used to provide a number of tax benefits.

From 1 April 2013, ATED has been charged on certain high value UK residential properties owned by non-natural persons. A ‘non-natural’ person is a company or partnerships with company members belonging to certain collective investment schemes, generally (but not always) held off-shore – i.e. tax saving schemes.

The amount of the ATED payable depends on the value of the property (calculated either according to its value on 1 April 2012, or its subsequent purchase price).

The ATED originally only applied to residential properties valued at more than £2million and owned by non-natural persons. However, the Finance Act 2014 extended the scope of the ATED to apply to properties valued at more than £1million from 1 April 2015 and to properties valued over £500,000 from 1 April 2016.

Therefore the Treasury are now very strict on this definition. If another property is bought with the intention of it becoming the main residence before the original is sold, the extra 3% will be payable. However, if the original property is sold within 18 months the extra 3% can be re-claimed. So no, it’s not worth flipping.

BUYING IN A HUSBANDS OR WIFE'S NAME The Treasury treat married couples, or civil partners living together as one unit. Therefore the situation above applies, i.e., no it’s not worth it.

MULTIPLE PURCHASES The government is proposing to exempt companies already owning 15 properties from the extra stamp duty. These owners may be corporates, funds or significant investors boosting the nation's housing stock.

The government is also seeking views on whether individuals making bulk purchases of 15 or more properties should be excluded from the extra charge.

This is worth keeping an eye on in the next budget.

NEXT BUDGET The next budget is scheduled for Wednesday March 16th and things are almost certain to change. Whilst no-one knows what will be in it, it is not anticipated to be a giveaway budget. So ‘gird your loins’, and take expert advice. ⌂ This article does not constitute legal advice but is intended as general guidance only. As I always say, it is critical that you get up to date information from a tax expert, specialising in rental matters, at the time you require it. Tax matters are very fluid, constantly changing.

February 2016

LANDLORD INVESTOR

TAX ADVICE

Flipping was something that MP’s have done for some time, allowing them to nominate a property as their main residence, and then flipping to another ‘main’ residence, thus carrying over any allowances.

LANDLORD ASSOCIATION

14

LANDLORD CONFIDENCE WORSE THAN DURING FINANCIAL CRASH National Landlords Association He presented findings from the latest NLA Quarterly Landlord Panel survey, which showed: •

Landlords’ confidence in the buy to let (BTL) sector has collapsed to an all-time low and is now ‘worse than levels witnessed during the financial crash’, the CEO of the UK’s largest landlord association recently told leading mortgage professionals.

Richard Lambert, Chief Executive Officer of the National Landlords Association (NLA), told delegates at the Building Societies Association’s (BSA) annual meet-up for mortgage on 2nd February that confidence in landlords’ business expectations had tumbled by more than a third over the past year* – down from 67 per cent to an all-time low of 43 per cent.

The current level of confidence in the BTL sector is now five per cent lower than levels witnessed after the financial crash in 2007.

Mr Lambert outlined how the actions taken by the Chancellor in last year’s Summer Budget and Autumn Statements has led the NLA to reverse its previous prediction of the continued growth of the private rented sector (PRS) by another million more households over the next five years.

It now forecasts that, if landlords follow through on their intentions, there will be a dramatic sell-off of 500,000 properties in the next 12 months, followed by another 100,000 sold each year to 2021. The net effect will be that the PRS will be smaller by up to 136,000 properties.

February 2016

LANDLORD INVESTOR

The proportion of landlords looking to sell in next 12 months has more than doubled since July 2015 (up from seven per cent to 19 per cent).

• Over the next few years - 28 per cent of

landlords don’t plan to purchase any more

properties, 10 per cent plan to reduce their

portfolio, and five per cent plan to sell up completely.

Mr Lambert said: “Two speeches from the Chancellor in 2015 have led to a crisis in confidence greater than when all but a few BTL products were immediately withdrawn from the market following the 2007 financial crash.

“Up to half a million properties could come onto the market as a result of the Summer Budget and Autumn Statement, which the Chancellor will no doubt deem a success.

“But there is no guarantee that these will be the one or two-bedroom flats or small houses that will appeal to first time buyers, especially as landlords are more likely to offload less desirable stock in less desirable areas.

“We’ve always said that Mr Osborne is blinded to the impact of his decisions by his commitment to homeownership. He may have intended to focus on the small-scale part-time investor, but it’s the larger and more professional landlords who will be hit worst by cuts to mortgage tax relief and increases to stamp duty, and who appear most likely to leave the sector.

“What happens to the people these landlords house if they still can’t buy and there are fewer and fewer properties available to rent?”

15

Fast and effective eviction of tenants

0333 001 5100 thesheriffsoffice.com

d

acc i t a l •17:49 om g 10/02/2016 i d

m o

d

a

n

88x130+bleed.indd 1

i ng

both pri n t

at e

ss

rv

i

in

s ce

your bu s

w

ith

all de

sig n

se

advertising • branding • brochures • design for print flyers • leaflets • pop-up stands • roller banners stationery • web design for all enquiries about design work, print or digital email craig@landlordinvestmentshow.co.uk

February 2016

LANDLORD INVESTOR

LETTINGS & MANAGEMENT

16

SWANKY, CONTEMPORARY AND FABULOUSLY INVITING. CALL IN AND SAY HELLO Dean Jackaman - Jackson & Co Jackson and Co have been the agent of choice in this area now for many years and they have successfully provided an unrivalled lettings service to professional tenants and students alike and the business has been growing, year on year.

Jackson and Co lettings Department, headed up and run by Maria Southgate and her team of dedicated staff, all of which have been in the business for many years, offer each landlord a comprehensive management package. Just some of many services which are available to landlords as part of a ‘invest with ease’ package, are detailed monthly property inspections followed by a full report and a seamless exit strategy, if required. It is paramount that each landlord has the option to use our full range of services, designed to make investing a positive process.

On top of the success of the Lettings Department: only very recently the Company invested in the development of their Residential Sales Division and appointed Craig Ganderton as the new Sales Director for the Essex Region. Craig has brought with him, many many years of exceptional business acumen and a passion for the property market.

The Company, which is owned and run by Dean Jackaman (a colourful character well known by many in the area), has recently moved offices and taken up residence in a swanky new and contemporary work space on the River Colne. With their growth and popularity, the new offices will provide their clients with an open and bright space, where they can visit and spend time perusing through their portfolio of properties, either lettings or sales.

February 2016

LANDLORD INVESTOR

The doors of Jackson and Co are open for clients to call in anytime.

Jackson and Co Property Services Sales Division, have an established professional and dedicated team of experienced staff who deliver an unrivalled service.

With Customer Care being their main priority, the needs of the client comes first. If you are either looking to sell your property or make a purchase, your needs will be the first consideration within the sales process.

We offer a range of services within the property sector, from Land acquisitions to New Homes Sales, we have a portfolio of investors and offer a range of legal and financial support, all in addition to our extensive property portfolio of properties for sale.

Each registered buyer is fully authenticated and will receive weekly updates from our team and every property owner selling through us, will benefit from constant contact and feedback from our staff to ensure that communication is paramount.

17

There has never been a better time to embrace the lettings market in and around the Colchester area.

With more and more international students taking up residence at Essex University and the Health Service investing in medical staff transfers. There is a shortage of properties to suit the demand, which is fantastic for the investor and challenging for the agents to keep up with demand.

January alone saw Jackson and Co reserve in excess of 30 properties, which, for this time of year is a record. Going by the start of the year and predictions, the lettings market is not only buoyant, it is soaring.

The area itself has seen much development over the years, the growth of the university has given the town a lease of life and has also driven a multi-cultural community and a vibrancy, and new homes developments are providing essential housing in both the private sector and the rental sector. More and more people are opting to move to the Essex coast and leave the city behind as commuter links improve year on year.

All in all, the oldest recorded town still draws in much interest and a desire for a better quality of life, this in turns is why the property market and capital growth in property is still very healthy.

This upturn in the market required Jackson and Co to expand their business to deal with higher volumes and this has resulted in a recruitment programme and a change of premises to provide more space and allow Jackson and Co the chance to be in the heart of the area.

Working hand in hand, the sales team and the lettings team complement each other, every step of the way. They hold a portfolio of properties for their ‘Investors Club’ and the lettings department offer an unrivalled service to investors, through full management packages to suit each landlords needs.

Property sales are at an all-time high and again, demand is driving these sales in the first quarter of 2016. With a record amount of completions already and an unprecedented forecast for the 2nd quarter, Jackson and Co are now predicting further expansion to embrace this climate.

Jackson and Co are certainly winning the ‘new best friend’ status compared to the banks!!

February 2016

LANDLORD INVESTOR

LETTINGS & MANAGEMENT

INVESTING IN ESSEX

INVESTMENT OPPORTUNITIES

18

INVESTMENT OPPORTUNITIES

WOKING - WILLIAM BOOTH PLACE

WOKING - MIDHOPE CLOSE

WEYBRIDGE - WEIR COURT

£315,000

£299,950

£375,000

Two bedroom apartment En-suite bathroom Full width balcony Underground parking No Onward Chain

First floor apartment Two double bedrooms Close to transport links Gas central heating Over 900 years on Lease

Two bedroom flat Open plan lounge/diner No onward chain Lift access Parking space

Yield: 4.76% Number: 01483 762 626 www.leaders.co.uk

Yield: 4.60% Number: 01483 762 626 www.leaders.co.uk

WEYBRIDGE - FERNIHOUGH CLOSE

MANCHESTER - CITY LOFT

MANCHESTER - ALEXANDRA ROAD SOUTH

£369,950

£197,000

£179,950

Two bedroom house Close to transport links Fitted wardrobes Pretty rear garden Parking to front of property

Two bedroom apartment Close to transport links En-suite bathroom Ceiling to floor windows 24hr concierge service

Yield: 5.50% Number: 01932 850 030 www.leaders.co.uk

February 2016

LANDLORD INVESTOR

Yield: 5.63% Number: 0161 249 2820 www.leaders.co.uk

Yield: 5.00% Number: 01932 850 030 www.leaders.co.uk

Duplex apartment Two double bedrooms Secure development Excellent finish through-out Overlooking Alexandra Park

Yield: 5.67% Number: 0161 249 2820 www.leaders.co.uk

19

TASMAN ROAD

EATON HOUSE

FRANKLIN WAY

£900,000

£499,000

£235,000

A large five bedroom terrace house Suitably arranged over four floors Good-sized double bedrooms Loft space and extra storage Stylish shower room and separate bathroom Enormous Kitchen and Diner - open plan Secluded rear terrace Great location well served by local amenities

Two bedrooms Fully fitted kitchen Stylishly decorated bathroom Good storage space Door entry system

Two bedrooms Purpose built flats Communal garden Close to local amenities Close to transport Larger than average flat

Yield: 6.00% Number: 020 8683 0012 www.top-moveuk.com

Yield: 5.3% Number: 020 8683 0012 www.top-moveuk.com

Yield: 5.6% Number: 020 8683 0012 www.top-moveuk.com

RIGBY CLOSE

GOMSHALL GARDENS

£260,000

£245,000

CANTERBURY ROAD

Three Bedrooms No onward chain Double glazing Cul-de-sac location Ground floor flat Investor friendly

Yield: 7.0% Number: 020 8683 0012 www.top-moveuk.com

£255,000

2 Bedrooms Own Garden Near Kenley BR Quiet location Cul-de-sac Priced for quick sale Investor Friendly

2 Bedrooms On-street Free Parking Rear Garden New lease (optional) Close to local transport and amenities

Yield: 5.9% Number: 020 8683 0012 www.top-moveuk.com

Yield: 6.0% Number: 020 8683 0012 www.top-moveuk.com

February 2016

LANDLORD INVESTOR

INVESTMENT OPPORTUNITIES

INVESTMENT OPPORTUNITIES

BUY TO LET ANALYSIS

20

WHY LANDLORDS SHOULD BUY IN EAST LONDON Rose Jinks - LandlordNews.co.uk

WITH CHANGES TO BUY-TO-LET TAXES LOOMING, LANDLORDS ARE SEEKING THE MOST PROFITABLE INVESTMENTS BEFORE THEY ARE HIT BY MAJOR FINANCIAL CHANGES. Recently, we reported that buy-to-let investors are rushing to buy new rental properties ahead of the 3% Stamp Duty surcharge, which will be brought in on 1st April. Read more: https://landlordnews. co.uk/landlords-rushing-to-avoid-buy-to-let-taxchanges/ And opportunities are rife in east London, where the capital’s homebuyers and renters are moving.

The area has been experiencing a wave of activity since Stratford was selected to host the 2012 Olympic Games back in 2005.

Over the past decade, house prices have surged by over 300%, and they continue to rise. Last year alone, property values rose by 22% in Newham – more than in any other part of the UK.

February 2016

LANDLORD INVESTOR

The change in the east of the capital is continuing.

More Londoners now live east of Tower Bridge than in the west, and east London’s population is expected to grow by a further 600,000 in the next 15 years.

With so many Londoners heading east, this area is proving profitable for property investors. And while prices may have increased significantly, there are still good value homes to be found.

A new wave of professionals – think the digital/ design community – is sitting alongside Canary Wharf’s bankers to form a sophisticated spot. East London is also becoming a cultural hub; the English National Ballet recently relocated from upmarket Kensington to Canning Town.

But all of this is unsurprising – over £13 billion was invested in the area over the Olympics period.

New infrastructure projects, such as Crossrail, are bringing more and more people into this thriving, yet still affordable, zone.

21

The area in question stretches from London Bridge, through the Docklands, to Rainham Marshes in Essex and Dartford in Kent.

The Mayor of London’s document contains several maps that show how the city is moving eastwards.

The individual areas’ growth can be seen here: http://www.london.gov.uk/press-releases/newcity-in-the-east Alongside a change in residents, a building boom in east London is bringing better new homes.

While Whitechapel, Bethnal Green, Mile End and Bow might traditionally be known as rough-andready, they are now becoming cool places to be for the capital’s youngsters.

Additionally, inner-city quarters are being created through the release of disused public land. One example is a former postal depot in Stephenson Street, Hackney, where Berkeley Homes is building 3,500 new homes, a new school and shops.

The London Legacy Development Corporation, New luxury high-rise housing at Canary Wharf is which owns most of the land, has taken control as attracting wealthy buyers from Fulham, Putney the planning authority and is fast-tracking change. and Chelsea. Meanwhile, modern lofts in Spitalfields and popular spots around Victoria Park are Could you find a sparkling new investment with still affordable for young Londoners, especially great promise of strong returns in east London? It Banner Advert for landlord zone W190mm x H130mm D2.ai 2 12/11/2015 16:57 due to shared ownership schemes. seems so! ⌂

C

M

Y

CM

MY

Guaranteed income for Landords No fees or commission Fully managed or non managed options available Incentives paid

CY

CMY

K

Over

800 properties are already on our books. Are you missing out? *Guaranteed income available through our fully managed service only

To find out more call 020 8547 5491 or email lettings@kingston.gov.uk

February 2016

LANDLORD INVESTOR

BUY TO LET ANALYSIS

Boris Johnson has also revealed a City in the East master plan, suggesting how 203,500 homes and 283,300 jobs can be created over the next 20 years. With transport improvements such as an Overground extension to Barking Riverside, a new river crossing and train stations, the expansion seems likely.

22

INVESTMENT

JOINING UP THE DOTS Kevin Wright Ninja Investor Programme I speak at many property networking events and they are generally well-attended, but from my time on the stand at exhibitions I know there are a huge number of property investors who don’t go to networking meets.

I THINK IT'S A BIT LIKE TWITTER (WHICH IS ALSO A NETWORK), PEOPLE EITHER "GET IT" OR THEY DON'T. I know lots of people who think Twitter is an ideal way to make contacts – and I know quite a few who think it’s a massive waste of time! My social media expert friends tell me it’s an exercise in joining up the dots – it’s not who you know, it’s who they know.

I do believe that networking of any kind needs to be focused. I’ve always used networking for a whole host of purposes:

I’ve built my business connections, not just of clients, but also of suppliers, referrers and advocates.

I discover learning opportunities through my networking – both for myself and for my own network.

I’ve made some really good friends I’ve met through networking – I think the right networks attract like-minded people who will willingly support, advise and act as cheer-leaders when needed.

February 2016

LANDLORD INVESTOR

These days I don’t attend random networking events, I choose carefully and pick networks that will tick the boxes for some or all of the above.

If you’re on my newsletter list you’ll know that I share lots of opportunities with my immediate network (and if you’re not on my list – go to www.ninjainvestorprogramme.co.uk and sign up for the free Ninja Investor report – then you’ll get advance notice of all kinds of interesting events and opportunities). All these came about through networking.

I’m known in the property business as an expert in Bridging Finance – and that’s all happened through networking.

In fact, I’m such a strong believer in networking that I’m launching my own Ninja Networking Blitz in April (find out more here www.ninjainvestorprogramme.co.uk/ninja-networking-blitz) with a twopart meeting, the first for 10 VIPs to help them brainstorm solutions to their property finance challenges, then an open networking event with a two-hour session including a presentation where I’ll share my Ninja investing tips and strategies. The proceeds of the meetings will be going to a locally based charity.

You’d be welcome to join us if you’re in the area.

So what networks do you attend – and why? Do they help you to become the property investor you want to be?

23

Property Mastery : Recycle Your Cash

Is your property investment giving you the results you want?

If you’re finding: • The best deals slip through your fingers to cash buyers

Your Ninja Trainer Kevin Wright

• You want to recycle your cash but your portfolio is growing too slowly because all your cash is tied up • Financial freedom is still not within your reach

The Ninja Investor Programme will reveal: The Fast Funding Formula™ Discover how to buy property like a cash buyer – without a 6 figure bank account The Negotiation Transformer™ Find out how to make ridiculously low offers – and get accepted The JV Profit Retainer™ Make sure you don’t give away any of your profits that you don’t need to The Rapid Cash Recycler™ Learn how to predict post-refurb value accurately, before purchase And Ninja Investor Strategies™ Transform your mind-set to enable you to transform your property investment.

DOUBLE GUARANTEE • If you’re not happy with the course and tell us by lunchtime on day 1 - you’ll get a FULL REFUND; no quibbles.

• When you bring your first deal to our bridging brokerage; - you’ll get the FULL COST OF YOUR COURSE REFUNDED at completion.

NEW for 2016 - 2 day format with even more hot tips and smart strategies.

Join a Ninja Investor Programme in: London 16/17 January Bristol 6/719/20 February 20162016 London 16/17 April 2016Birmingham Leeds 27/28 February 2016 March Leeds (new) 27/28 February 2016 Bristol Birmingham 19/20 March 2016 London 16/17 April 2016 14/15 May 2016 Find out more – and book your place

07889 526979 • www.ninjainvestorprogramme.co.uk February 2016

LANDLORD INVESTOR

24

INVESTMENT

IT'S SCHOLARSHIP TIME! Simon Zutshi property investors network

A ONCE IN A LIFETIME OPPORTUNITY FOR YOU TO JOIN US ON THE 12 MONTH PROPERTY MASTERMIND PROGRAMME AT NO COST TO YOU. One very lucky reader, will be awarded a full Scholarship on the Property Mastermind Programme.

This life changing opportunity is awarded to someone who would not normally be able to participate in this programme and now the search for our 2016 Scholarship winner has begun.

This April will be the 9th Anniversary of the Property Mastermind Programme, which has become the most successful 12 month property investment mentoring programme in the UK, based on the results achieved by our participants.

In this article I am going to detail what is involved in the Property Mastermind Programme, and share with you how the participants are able to achieve incredible results in such a short amount of time, to demonstrate that you too could achieve all you want to in property, once you have the correct specialist knowledge, mindset and supportive environment.

February 2016

LANDLORD INVESTOR

COULD YOU BE OUR NEXT SCHOLARSHIP WINNER? If you are interested in winning this scholarship, let me tell you the kind of person I am looking for and what it takes for you to be successful on the Property Mastermind Programme.

The most important thing you need is to have an open mind with a positive “Can Do” attitude. We will teach you how to make money by solving people’s property problems. Finding the ethical win/win solution that works for everyone involved. When you are on the Property Mastermind, you will start to think in a different way from the average investor. You will see, and have the courage to seize opportunities, that most investors would miss.

LANDLORD INVESTOR TV YOUR SOURCE OF PROPERTY INFORMATION

Landlord Investor TV is a television show dedicated to the world of property, serving the commercial needs of those working in and around the property industry.

Airing monthly on Sky channel 238, LI TV is a show dedicated to education and up-to date information about the property market, investment and legislation covering:

LEGAL ADVICE

TAX ADVICE

MORTGAGES

REFERENCING

FINANCE

DEPOSIT SCHEMES

PROPERTY SOURCING

BUYING AT AUCTION

The blend of informative content ensures a wide range of viewers, from the general public to landlords, investors and property industry professionals. This in turn creates brand authority and offers a unique platform for our clients to showcase their services.

LI TV gives companies the opportunity to advertise and sponsor the show.

For further information and advertising rates please contact a member of the team:

0208 656 5075

www.landlordinvestmentshow.co.uk/LITV

26

HERE'S WHAT YOU DON'T NEED TO BE SUCCESSFUL ON THE PROPERTY MASTERMIND PROGRAMME! INVESTMENT

Now that we have looked at some of the personal attributes you need to be successful, let’s consider some of the things that you don’t need, which may well be a surprise to you: You don’t need to be full time in property!

The second most important thing, you need is to be teachable and willing to follow the step-by-step instructions and blueprint we provide you with that will help you to achieve your property goals. You need to “Trust The Process” and just do what we tell you, when we tell you. You need to be able to get out of your own way. As human beings we often like to complicate things, but the reality is that having run the Property Mastermind successfully for so many years, we just know what works and what does not work. It’s quite simple really. You just need to do what “Simon Says”. Not because I am always right, or have all the answers, far from it as I am always learning myself, but it is interesting to hear that the top performers very often say they just did what they were told to do and kept going.

Next, you need to be committed and focused, prepared to do whatever it takes to achieve your goals. You will need to put in both time and effort, because the results won’t happen on their own. The good news is that you don’t have to do this all on your own. All the support and help you need will be readily available to you. Instead of just working hard we will show you how to work smart and make the most of the resources available to you. Don’t be afraid to ask for assistance when you need it because that’s what we are here for.

And finally, you need to be persistent. This is very important. There are many challenges in property and what happens all too often is that most people give up far too easily. With an environment where other people around you are achieving the results you want, it means that you can do it as well. All you need to do is keep going. The support and accountability that you will receive from your own personal one to one, success coach will certainly help, but ultimately you need the determination and a really strong reason why you are doing this to keep you motivated and on track.

February 2016

LANDLORD INVESTOR

Some of our most successful delegates have had very busy jobs and so they have not had much free time to apply the numerous strategies that we teach on the Property Mastermind. This means that they have had to be very focused and make the most of the time they do have. Some of our top performers have been people with very busy lives who have only had 8 to 10 hours per week to dedicate to their property investing. So we know 8 to 10 hours is the minimum time commitment if you want to achieve the kind of results that we know are possible.

You don’t need to have £250k to buy £1M in property!

Some of the people who join the Property Mastermind do have substantial amounts of money to invest. However some have very little of their own resources, which is why they join the programme to learn how to safely use other people’s money. No matter how much money you have or don’t have, at some point you will run out of your own funds and so when you are on the Property Mastermind, we show you how to work with other people and use their money for mutual benefit, whether that is through loans or joint venture investments. Some of our most successful graduates are people who had none of their own money and in fact some have had to borrow the money to fund their participation on the Programme in the first place. You will also learn how to use momentum investing whereby you can rapidly build up a cash-generating portfolio of property by regularly recycling your deposit.

You don’t need to be able to get mortgages!

One of the potential challenges that some investors face, is their inability to get mortgages, for a variety of reasons. Of course it is better if you can get mortgages in your own name, but this is not essential. Many of our delegates have favoured the strategies that we teach such as Rent to Rent and Purchase Lease Options, where you can build up significant cash flow from properties you don’t own without the need for a mortgage or a large deposit.

27

You don’t need to be an experienced investor.

SO WHY ARE DELEGATES ON THE PROPERTY MASTERMIND PROGRAMME SO SUCCESSFUL? It can be a very lonely journey investing in property on your own, especially if the people around you, such as your family and friends, don’t understand property or what you are trying to achieve. For this reason, when I first launched the Property Mastermind Programme back in 2007, my goal was to provide the very best possible supportive environment, over a 12 month period to help support people until they had enough momentum and results to be self sufficient. I was very conscious that in order to maintain this high level of support it was important to make sure that Property Mastermind was not dependent on just me, otherwise I would become too busy to help everyone as the programme grew. So we have developed a culture where the support comes from everyone involved in the Property Mastermind Programme.

We have a unique abundant environment where everyone is prepared to share knowledge and help each other in the best interests of the group. It is rather difficult to describe to people outside of what feels like a family, because there are not many other examples or comparisons we can make in today’s society of this kind of community spirit.

WHAT DO YOU ACTUALLY GET WHEN ON THE PROPERTY MASTERMIND PROGRAMME? There are now eight separate elements to the Property Mastermind Programme as detailed below:

1.

2.

3.

4.

5.

6.

7.

8.

Before you attend you get “The Brain Transplant Pack” which is a box full of DVDs, Audio CDs and books designed to bring everyone up to a certain level of knowledge before you start 10 x one day advanced workshops (one day each month) at the Crowne Plaza Hotel by the Birmingham NEC which is very easy for you to access from anywhere in the UK (and overseas) All of these advanced workshops are audio recorded so that you capture every single valuable minute to listen to again and again to build your property knowledge and confidence.

24/7 support 365 days a year through the Property Mastermind private online forum which gives you access to a priceless source of property investing information with over 105,000 posts and growing.

Each month there is an exclusive webinar with me.

Your own personal one to one success coach who you speak to twice each month, to support you, guide you, act as a sounding board and hold you to account.

Two days of one to one mentoring in your area where the mentor will come and stay in a local hotel and work with you for two days, holding your hand and helping you with anything you need.

Annual membership to pin Academy which gives you access to all of the 51 pin meetings across the UK as well as some additional online resources and networking.

February 2016

LANDLORD INVESTOR

INVESTMENT

Whilst many of our delegates are already very successful investors who join us in order to step up to the next level, the majority of people who join us on the Property Mastermind Programme don’t have much property investing experience. They decide to join us to massively reduce the time and effort it would normally take to build a portfolio sufficient to replace their income. More important than experience, is the right positive attitude as mentioned above.

28

INVESTMENT

HERE'S WHAT YOU NEED TO DO NOW! Does the Property Mastermind Programme sound like something that you would like to do?

This is your opportunity to be in with a chance of winning the full Scholarship to the April 2016 Property Mastermind Programme (MM21), or one of the 10 runner up prizes of a place on my brand new 2 day Strategy Implementation Workshop in April.

I am going to be hosting a webinar all about how you could win this life changing opportunity, this month.

To secure your seat on this webinar register your details here now: http://tinyurl.com/mms2016 Good luck and I look forward to you joining me on this live Webinar this month.

Best wishes, Simon Zutshi Founder, property investors network Author of “Property Magic” Founder of the Property Mastermind Programme ⌂

February 2016

LANDLORD INVESTOR

Come and see us at the Landlord Investor Show at Colchester Football Club on 2nd March. Our staff, including the Auctioneer from our ESSEX OFFICE, will be on hand to answer all your queries.

View/download a copy of our latest catalogue comprising a wide range of property and land. Alternatively call us on 0345 8500333 for a copy by post.

Nex

t Au 17-2 ctio 3 ns Mar Cata ch lo gue

ava ilab 3-9 le 1 M st M a Entr arch y ies clo logu se 4 Ap ril e av aila ble 12

Cata

2015 STATS

The Leading Independent Regional Auctioneers Covering Southern England

Apr

il

84.9% Sold ÂŁ145.7 million raised for Clients

cliveemson.co.uk

email auctions@cliveemson.co.uk

Tel: 0345 8500333

INDUSTRY UPDATE

30

SAVE THE DATE: TPO SCHEME CONFIRM THIS YEAR'S CONFERENCE The Property Ombudsman

FOLLOWING THE SUCCESS OF ITS FIRST EVER INDUSTRY CONFERENCE LAST YEAR, THE PROPERTY OMBUDSMAN (TPO) SCHEME IS DELIGHTED TO OFFICIALLY ANNOUNCE THAT THERE WILL BE A 2016 CONFERENCE. This will take place on Wednesday 12th October at the same venue, The National Motorcycle Museum in Solihull.

Gerry Fitzjohn, newly appointed Chairman of TPO, said: “TPO’s 2015 Conference: ‘Raise Your Standards’ was a pleasure to organise. The positive feedback we received from both our member and non-member agents was overwhelming. We heard firsthand what a difference it made in helping to grow the industry’s knowledge and understanding of current legislation and best practice. Plans are already underway for TPO’s 2016 Conference and it will be bigger and better but with the same simple aim; to help raise standards and improve customer service within the property industry.

“One particular highlight of our first conference was the workshops where delegates were presented with real-life examples of both sales and lettings consumer complaints, giving them the chance to ‘become the Ombudsman’ for an hour, which will run again this year with a new format.

February 2016

LANDLORD INVESTOR

“It’s set to be another great event so please save the date now; Wednesday 12th October.”

Tim Wakelin, Property Industry Trainer, Speaker and Consultant, will once again facilitate the conference, responsible for leading delegates through the course of the day.

Tim comments: “It was great to see so many influential delegates from across the property industry together in one place. The whole event had a fantastic atmosphere and the speakers provided incisive up-to-date comment. It was a pleasure to play a part in such a great event, which I am sure will become a must attend fixture for property professionals throughout the UK and I am delighted to have been asked to facilitate the 2016 Conference.”

Last year’s event attracted nearly 400 professional delegates, along with many exhibitors from across the industry. To register your interest for tickets and find out more about the event’s exhibitor and sponsorship opportunities, please email conference@tpos.co.uk. ⌂

INDUSTRY LEADING INDEPENDENT BUY TO LET PROPERTY INVESTMENT ADVICE Exclusive offer for the Landlord Investment Show FREE Buy to Let Property & Financial Advice for the first 100 enquiries ONLY* Valid until 15th March and is filling fast, so reserve your spot today!

1. Buy to Let property investment fundamentals

8. Answers to all of your questions regarding property investment and financial strategies

2. The recent budgetary tax changes to Buy to Let Property

3. Our stringent selection criteria for sourcing the most suitable properties

Get advice on Buy to Let from the experts covering the following;

7. Our company structure and areas of expertise, to see if we can help

4. A full portfolio review and a review of your goals to ensure you are on track

6. A full review of your estate planning arrangements

5. A full review of your current finance structures and financing ability

*Valued at between £500 & £2,500 absolutely FREE!

Simply text 'Landlords' to 88802

0203 8000 600 info@nova.financial www.nova.financial

Download your copy of our Smart Investor Guides now at www.smartinvestorguide.com/free-eguides/ Nova Financial Ltd are authorised and regulated by the Financial Conduct Authority (FCA).

Nova Financial Ltd are registered with the Property Ombudsman and the Information Commissioner's Office.

32

INDUSTRY SPOTLIGHT

"RUMBLE WITH THE AGENTS" IS BACK, ARE YOU UP FOR THE CHALLENGE? Paul Shamplina - Landlord Action

ON THURSDAY 26TH MAY 2016, LANDLORD ACTION WILL ONCE AGAIN BE HOSTING A WHITE COLLAR CHARITY BOXING EVENT. They are looking for motivated participants from all sides of the property industry, men and women, to come together, try a new sport, get fit, and channel some of their competitive spirit.

It allows people with no previous boxing background to experience the exciting world of amateur boxing in a safe and professional environment, whilst raising money for this year’s chosen charity, Noah’s Ark Children’s Hospice. This is a community based hospice service providing support for children and young people with life-limiting or life-threatening conditions and their families in North London.

This year, Landlord Action is looking for a total of 12 participants willing to get in the ring for six minutes and help raise vital funds for a charity whose income is nearly entirely funded by private donations. Fully structured and supervised training will be provided at the world famous Peacock Gym in East London.

The evening itself will consist of six fights, a sit down three-course meal with unlimited drinks, an auction, raffle, special guests and a disco afterwards.

February 2016

LANDLORD INVESTOR

Mr Shamplina comments “Last year’s event was a sell-out success, we raised more than £17,000 for charity and everyone had a wonderful evening, so when I was asked if we would be running it again, I thought, why not? Often people are looking for a new challenge or a new way to get fit in the New Year and this is all for fun, but with a serious cause behind it.

Safety comes first though, and we do expect participants to commit to boxing training at their local gym for approximately three months prior to the event to ensure they have a good level of fitness, as well as attend the compulsory group sessions we arrange at Peacock Gym.” The event is open to estate and letting agents, property professionals, suppliers and landlords. Those participating are asked to take a table of ten or twelve to represent their company at the event.

The Event will be on Thursday 26th May 2016, held at Holiday Inn, Avenue Banqueting, 58 Regents Park Road, London, N3 3JN. To find out more about the event visit www.rumblewiththeagents.co.uk, email Rita Shamplina on info@ rumblewiththeagents.co.uk or call 07790569501. ⌂

ShowGuide:Layout 1

31/10/14

10:10

Page 1

33

Landlord Accounting Services Self-assessment tax returns Rental property accounts Tax planning & advice Lambert Chapman LLP is an

approachable and independent practice of Chartered Accountants, Auditors and Business Advisors with offices in Braintree, Maldon and London.

We provide a full range of services to help private landlords file their tax returns efficiently and help property developers unlock their business potential by offering a one-stop-shop for all your accountancy and taxation needs.

Contact Nick ChrisForsyth Harmantotoarrange arrangea a complimentary introduction meeting meeting to to discuss your property portfolio. portfolio

BAD TENANT OUT FAST

Making life simpler for you

Nick 326266 ChrisForsyth: Harman:01376 020 7148 0872

LANDLORD ACTION

nick@lambert-chapman.co.uk chris@lambert-chapman.co.uk www.lambert-chapman.co.uk in Braintree, London and Maldon 2IÂżFHV LQ %UDLQWUHH /RQGRQ DQG 0DOGRQ Offices

w

If it matters to you, it matters to us We are committed to supporting our clients with all leasehold property matters and are proud of the outstanding reputation and knowledge of our team of legal professionals.

We can assist you with a full range of legal services including:

Please contact Mark Chick’s team for an initial discussion:

• Landlord and Tenant • Extending your lease • Buying your freehold • Right to Manage • Commercial Property • Residential Property

T: (+44) 020 7631 4141 E: leasehold@bishopandsewell.co.uk Mark Chick Partner and ALEP Director

Bishop & Sewell LLP 59-60 Russell Square, London, WC1B 4HP

www.bishopandsewell.co.uk February 2016

LANDLORD INVESTOR

34

TRADE SALES

One of the Leading Suppliers of Beds & Mattresses with

FREE FAST DELIVERY ACROSS THE UK We can supply you and your business with; • Mattresses • Bed Frames • Divans • Pillows & more

With our es, Special Siz Custom & t n fide we are con h ly p You wit we can sup a t ou need a the beds y ’t

can price that ! be beaten

With FREE Next Day Delivery * no matter how many mattresses or beds you need!

Call Us NOW for our Best Offers on: 0800 5677625 View our massive range online at: www.mattressman.co.uk/contract * Orders over £45 qualify for FREE NEXT DAY DELIVERY made before 4pm Monday to Thursday.

February 2016

LANDLORD INVESTOR

A uniquely placed agent Nobody knows the Sales and Lettings market like

special offers to new clients

SELLERS Free EPC, free floor plans and we will pay your VAT*

LANDLORDS

3 months free management and 50% off finder’s fees*

60 Caelum Drive, Colchester, Essex CO2 8FP

01206 863900 sales@jacksonco.co.uk www.jacksonco.co.uk

*Subject to Jackson and Co ‘s terms and conditions and available to new clients only.

Offers valid until 29th February 2016

T H E U. K ’ S F A S T E S T G R O W I N G P R O P E R T Y R O A D S H O W

A FREE ONE DAY EVENT FOR LANDLORDS & INVESTORS COVERING:

LEGAL SERVICES

TAX ADVICE

THOUSANDS OF LANDLORDS & INVESTORS ATTENDING

INSURANCE

WE HAVE ORGANISED 28+ SHOWS IN JUST TWO YEARS

MORTGAGES

REFERENCING

BUY-TO-LET COMPANIES SHOWCASING THEIR SERVICES

INVESTMENT OPPORTUNITIES

WE BRING OUR EVENTS TO BUY-TO-LET HOT SPOTS

SEMINARS

NETWORK WITH PROPERTY PROFESSIONALS, LANDLORDS & INVESTORS

DEPOSIT SCHEMES

LANDLORD ASSOCIATIONS

SEMINARS DELIVERED BY INDUSTRY EXPERTS

NETWORKING OPPORTUNITIES

ALL ASPECTS OF THE PROPERTY SECTOR COVERED

REMAINING 2016 SHOW LOCATIONS FEBRUARY 24TH WEST HAM EAST LONDON MARCH 2ND COLCHESTER ESSEX MARCH 16TH BRIGHTON SUSSEX APRIL 13TH CROYDON SURREY APRIL 27TH DARTFORD KENT MAY 12TH MAIDENHEAD BERKSHIRE

MAY 25TH STEVENAGE HERTFORDSHIRE JUNE 21ST LONDON OLYMPIA JULY 7TH INVESTOR RACEDAY EPSOM DOWNS SEPTEMBER 21ST MIDLANDS SEPTEMBER 28TH NORWICH EAST ANGLIA OCTOBER 13TH OLD TRAFFORD MANCHESTER NOVEMBER 8TH LONDON OLYMPIA

For more information about the shows and how to register your attendance, visit the website or call us on:

0208 656 5075 // WWW.LANDLORDINVESTMENTSHOW.CO.UK Our shows are supported by:

“Connecting Landlords, Investors and Property Professionals”