Posts

Video 18/30 - Making Money from "Sitting" tenants!

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Have you ever heard that phrase - "sitting tenants"? Well it's a pet hate of mine when someone misuses it, but you can spin it to your advantage. Here's how!






Excellent investments are in my blood! I find more deals than I can buy myself, so if you are keen on expanding your portfolio then you have to register here for me to send you deals straight to your inbox. WeSourceLondon.Properties is my new outlet for deals that I can't do, primarily because I'm hitting the ceiling of angel investment I am able to raise. So there's two things you can do: 1. Become a property owner yourself and let me source you a deal or 2. Part-fund one of my projects! Get in touch to learn more.

Investing Tips - Video 17/30 - Qualifying Tenants

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Have you ever done a viewing with a tenant and left facepalming yourself? Surely it's easy to remember to ask them about move date and whether they can afford it? WRONG! We all forget to do the basics sometimes but here's a video that will help!







Some may say I can sniff out a good deal. Well perhaps. If you want to know about every good buy to let property that comes my way then REGISTER HERE! My company WeSourceLondon.Properties will deliver turnkey investments straight to your inbox. I'll source. I'll manage the brokers, solicitors, builders and ultimately get the property let and managed for you at a preferential rate. But it all starts here!

Video 16/30 - Bridging Finance!

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You'll have heard me talk about bridging finance before, primarily because I use it to expand my portfolio rapidly.

Here's a video explaining the ins and outs.


Are you looking to expand your buy to let portfolio? Sign up here to receive my hand-selected buy to let deals straight to your inbox. With all the sums done for you and my team and I sorting out the

Second Sourced Property of the year - Exchanged! Video Tour for you to watch! πŸ‘€πŸ˜ŽπŸš➡️🏑

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And here we go! Another property has been sourced by WeSourceLondon.Properties, my deal sourcing and packaging business. In this video I take you around the new project and show you what we're going to do.


If you are interested in seeing properties that I have sourced and negotiated a super purchase price on, be it on or off market, then sign up here. As always if you'd like to come and have a look at one of my projects just drop me a line and let's start the conversation. Or allow me to answer your questions in person at the next Clapham Property Meet!

Video 15/30 - All About Notice Periods

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How much notice do you need to give your tenant? Vice versa? Well here's all about notice periods and how you can use them to your advantage.




Remember, if you want to learn more about property investing join me at this month's Clapham Property Meet and have a chat in person.

Video 14/30 from Investing Video tips series - Statutory Period Tenancies!

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So what is a Statutory Periodic tenancy? In this video I'll reveal all!







Remember if you are looking to expand your portfolio do get in touch. I have set up my separate Deal Sourcing Company call WeSourceLondon.Properties which, if you register, you will receive regular deals straight through to your inbox. Register here.

£2,641.52pm – The Profit made by every Clapham Property Owner over the last 20 years

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As we go headlong into 2018, I believe UK interest rates will stay low, even with the additional 0.25% increase that is expected in May or June. That rise will add just over £20 to the typical £160,000 tracker mortgage, although with 57.1% of all borrowers on fixed rates, it will probably go undetected by most buy-to-let landlords and homeowners. I forecast that we won’t see any more interest rate rises due to the fragile nature of the British economy and the Brexit challenge. Even though mortgages will remain inexpensive, with retail price inflation outstripping salary rises, it will still very much feel like a heavy weight to some Clapham households.

Now it’s certain the Clapham housing market in 2017 was a little more subdued than 2016 and that will continue into 2018. Property ownership is a medium to long-term investment so looking at that long-term time frame; the average Clapham homeowner who bought their property 20 years ago has seen its value rise by more than 434%.

This…

It's that time again - for an update on my Peckham Project!

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Update on my Latona Road project. A stunning refurbishment of a run down property. It will end up being a 5bed 2bath luxury apartment for professional sharers. i purchased with bridging finance and will refinance on to a long term product once I've added £100k of value and the property is let at circa £3000-3250pcm. Nearly done, just painting and tiling and we'll get it all dressed ready for immediate occupation!

Have a look at the video and follow the progress!





You need to know this if you're letting a property in Clapham (or elsewhere)

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Here we go, another regulatory update. You will, as a savvy investor and landlord, know about the various bits of paper that you need to give your new tenants upon move-in. Alas this list is an ever-changing one! This month the government has launched an updated version of the "How To Rent" booklet.


In the know (Before move-in/signing tenancy agreement you must give the tenant(s) a copy of: (and make sure they are either a pdf via email or hard copy, NOT a link) 1. EPC 2. Gas safety certificate (in date of course and it must be valid for 1 month after the date of move-in) 3. How To Rent Booklet which you can download here 4. Tenancy Agreement

Post Move-in 5. Inventory and check-in report 6. Deposit registration information (within 30 days)


Here are a few important notes: Take special care that you give them an updated version of the HTR booklet (link above)They must have seen the EPC (and if you are letting after 1st April 2018 your property must be rating E or above) before …

With Clapham Annual Property Values 1.2% Higher, This is My 2018 Forecast

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Looking at the newspapers between Christmas and New Year, it seemed that this year’s sport in the column inches was to predict the future of the British housing market. So to go along with that these are my thoughts on the Clapham property market.

With the average 5-year fixed rate mortgage at 1.98% (down from 3.47% in 2014) and 2-year fixed rate at 1.47% (down from 2.37% in 2014), mortgage interest rates offered by lenders are at an all-time low (even with the slight increase on the Bank of England base rate a few months ago). Added to this, there has been a low unemployment rate of 5% in Clapham, which has contributed to maintain a decent level demand for property in Clapham in 2017 (interestingly – an impressive 741 Clapham properties were sold in last 12 months), whilst finally, the number of properties for sale in the town has remained limited, thus providing support for Clapham house prices, meaning …

Clapham Property Values are 1.2% lower than a year ago

However, moving int…

My thoughts on the future of the Clapham Buy-To-Let Market

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I was recently reading a report by the Home website which suggested that hordes of landlords are selling their buy-to-let investments due to increasing burdens on them in the buy-to-let market. Their findings suggest the number of new properties that came onto the market nationally (for sale) jumped by 11% across the UK as a result.

Those increasing burdens include new tax rules coming in over the next 3 to 4 years and the announcement that all self-managing landlords (i.e. landlords that don’t use a letting agent to look after their buy-to-let property) will soon need to register with a compulsory redress scheme to resolve tenant arguments and disputes; as Westminster wants to heighten standards in the Private Rented Sector.

Interestingly I was chatting with a self-managed landlord from the north side of the Common, when I was out socially over the festive period, who didn’t realise the other recent legislations that have hit the Private Rented sector, including the ‘Right to Ren…

Youngsters unable to buy their first home in Clapham – Are the Baby Boomers and Landlords to Blame?

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Talk to many Clapham 20 something’s, where home ownership has looked but a vague dream, many of them have been vexatious towards the Baby Boomer generation and their pushover ‘easy go lucky’ walk through life; jealous of their free university education with grants, their eye watering property windfalls, their golden final salary pensions and their free bus passes.

If you had bought a property in Clapham for say £30,000 in first quarter of 1977, today it would be worth £907,667, a windfall increase of 2925.56%.

But to blame the 60 and 70 year olds of Clapham for that sort of rise seems a little unfair, with the value of the homes rising like rocket, I don't believe they can be censured or made liable for that. A few weeks ago, I discussed in my blog the number of people in the Clapham area who have two or more spare bedrooms (meaning they are under-occupying the house). I see many mature members of Clapham society, rattling around in large 4/5 bed houses where the kids have flow…

Clapham Apartments are only 18.7% more expensive in REAL terms than 10 years ago

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My research shows that certain types of Clapham property are a little more affordable today than what the newspapers might make you think.

Roll the clock back to 2007 just before the credit crunch hit which saw Clapham property values plummet like a lead balloon and the Clapham property market had reached a peak with the prices for Clapham property hitting the highest level they had ever reached. Between 2008 and 2010, Clapham property values lay in the doldrums and only started to rise in 2011, albeit quite slowly to begin with.

Nevertheless, even though property values have now passed those 2007 peaks, my research indicates that Clapham property, especially flats/apartments, are now more affordable than they were before the 2008 credit crunch.

Back in 2007, the average value of a Clapham flat/apartment stood at £387,385 and today, it stands at £560,530, a rise of £173,145 or 44.7%.

However, between 2007 and today, we have experienced inflation (as measured by the Government’s …

December update Latona Road SE15 - 1 month in!

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Well here we are, I'm a month into this lovely rental property. Acquired at a bargain price of course, this will be the pinnacle of my rental portfolio. I'm really looking forward to this one of course, it will be finished to an even higher specification than my previous rental properties, so stand by to be impressed!
This is a 5 bedroom, 1000sqft property that we're adding a shower room to as well as the usual back to brick refurbishment. Watch the video for more!


If you are looking to either invest in one of my projects or perhaps have me source a property for you then do get in touch. if you would like me to email you opportunities DIRECT to your inbox as and when they arise then register here. Now remember I offer a FULL service so from acquisition to refurbishment to dressing, letting and managing. It doesn't get more hands-off than that!

12.54% of Clapham and Lambeth is Concreted over ... Building Plot Dilemma or Not?

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Well the fallout from the recent Budget is still continuing. I was chatting to a couple of movers and shakers from the Clapham area the other day, when one said, “There isn’t enough land to build all these 300,000 houses Philip Hammond wants to build each year”.

...and if you read the Daily Mail, you would be forgiven for thinking the Country was at bursting point ... or is it?

It was 60 years ago the first satellite was launched (Sputnik). All the Superpowers have used them to take high definition pictures of each other for decades, but now satellites and their high-powered cameras are being used for more peaceful purposes. The European Environment Agency (EEA) have been taking high definition pictures of the UK from outer-space to give us a focused picture of what every corner of the Country really looks like … and the findings will come as a surprise.

As my blog readers know, I always like to ask the important questions relating to the Clapham property market. If you are a Cla…

Clapham Property Market and Hammond’s Budget Promise to Build 300,000 more homes

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I miss the good old days of George Osborne as Chancellor, with his hardhat and hi-vis jacket. He must have visited every new home building site in the UK with his trademark attire! For the last few years, the nearest Philip Hammond got to donning a ‘Bob the Builder’ outfit was at his grandchild’s birthday party. However, with what appears to be a change in focus by the Tories to ensure they get back in power in 2022, they appear to have fallen in love with house building again with the Chancellor’s promise to create 300,000 new households in a year.

Nationally, the number of new homes created has topped 217,344 in the last year, the highest since the financial crash of 2007/8. Looking closer to home: in total there were 1,135 ‘net additional dwellings’ in the last 12 months in the London Borough of Lambeth Council area, a decrease of 17% on the 2010 figure.

The figures show that 96% of this additional housing was down to new build properties. In total, there were 1,088 new dwellin…

Clapham Rents Set to Rise to £2,208 pm in Next 5 Years

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It’s now been a good 18/24 months since annual rental price inflation in Clapham peaked at 4.3%. Since then we have seen increasingly more humble rent increases. In fact, in certain parts of the Clapham rental market over the autumn, the rental market saw some slight falls in rents. So, could this be the earliest indication that the trend of high rent increases seen over the last few years, may now be starting to buck that trend?

Well, possibly in the short term, but in the coming few years, it is my opinion Clapham rents will regain their upward trend and continue to increase as demand for Clapham rental property will outstrip supply, and this is why.

The only counterbalance to that improved rental growth would be to meaningfully increase rental stock (i.e. the number of rental properties in Clapham). However, because of the Government’s new taxes on landlords being introduced between 2017 and 2021, that means buy-to-let has (and will) be less attractive in the short term for cert…

New Horizons For The Property Portal Marketplace

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As our lives become increasingly entangled within the digital sphere, it's becoming even harder for various market sectors to exist exclusively in a physical space.

Whilst online transactions, and web-based trade are now commonplace, the companies that immediately adapted to this shift remain at the helm of their respective industries. This is a particularly accurate statement in reference to the property market as Zoopla and Rightmove have consistently lead property portal usership with the backing of agents country wide. However, the dominance of the previously discussed businesses has triggered accusations of a stagnant market, some critics even claimed that Rightmove and Zoopla Property Group had become a ‘duopoly’.

Expanding OnTheMarket

These sentiments fueled the launch of a competing portal owned by agents called OnTheMarket. Although, the site was established as the weaker party, OnTheMarket have now acquired a substantial share of the market within an equally brief peri…

Increase in Interest Rates to cost Clapham Home Owners £983.80 a year

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Clapham homeowners will be among those affected by the latest rise in the Bank of England interest rates. The first increase in 10 years; they have just been raised from 0.25 percent to 0.5 per cent. This uplift comes as inflation hits a 51-month high of 2.9 per cent whilst the national unemployment rate is at an all-time low of 4.3 per cent.

Interestingly, the Governor of the Bank of England has indicated that the interest rate is likely to increase again over the next couple of years, but Mr Carney said mortgages and savings would not be affected in the short term. However, look at all the big banks and just about all of them have increased their standard variable mortgage rate..

The average Clapham mortgage is £393,521

I have to ask by how much Clapham homeowners (on variable rate or tracker mortgages) will see their repayments increase?

In the SW4, SW8, SW9, SW11 and SW12 postcodes there are 21,080 homeowners with a mortgage, of which 9.056 have a variable rate mortgage (the …