A warm welcome to the 76TH Edition of Landlord Investor Magazine.
A very warm welcome to Issue 76 of Landlord Investor Magazine. Needless to say we’ve had some significant changes since the last issue, namely a Labour government being in Number 10 for the first time since 2010. We’d all wondered what this would mean for the PRS and it looks like there are some fairly major reforms in the pipeline - read more in my Show Update article on P6. Our sector is nothing if not resilient though, and now is the time to literally get our respective houses in order and start preparing. The National Landlord Investment Show still has three remaining events this year - Bristol, Manchester & London - and there’s no better place for sourcing the expert advice and services you need. In this issue - I’ll be asking Where now for landlords? Milli Ive looks at Bristol: Culture, Growth, & Opportunity. Reece Mennie explains: With a new Labour government, why now is the best time to invest in property bonds. Jeni Browne asks Amidst the property market madness is being a landlord still worth it? David Richmond gives us home safety advice in Ensuring Fire Safety in Holiday Homes: A Critical Guide for Owners. Commercial Spotlight features Platinum Commercial Academy. In Outlook Paul Shamplina examines Labour's election victory and interest rate cut: What it means for landlords HMO Spotlight features Expertise in HMO Sales and Valuation by HMO Sales Expert. In Taxation Hayden Grossman looks at Stamp Duty Overpayments: How 1 in 3 Property Owners Unknowingly Lose Thousands, and we speak to Konrad Fox about how CloudInvest are Bringing High-Yield Opportunities to Everyday Investors. I'll just sign off by reiterating that although it's an uncertain time for the PRS, LI Magazine and the National Landlord Investment Show were conceived to keep our audience informed and put you in touch with people and organisations who can genuinely assist with the complexities of being a private rental landlord.
06 16 20 24 28 32 36 26 08 12
Show Update
Where now for landlords?
Investment
Bristol: Culture, Growth, & Opportunity
Investment
With a new Labour government, why now is the best time to invest in property bonds
Investment
Amidst the property market madness is being a landlord still worth it?
Home Safety
Ensuring Fire Safety in Holiday Homes: A Critical Guide for Owners
Taxation
Stamp Duty Overpayments: How 1 in 3 Property Owners Unknowingly Lose Thousands
Commercial Spotlight Exploring Commercial Property Investment with Platinum Commercial Academy
Outlook
Labour's election victory and interest rate cut: What it means for landlords
HMO Spotlight Expertise in HMO Sales and Valuation by HMO Sales Expert
Investor Spotlight Bringing High-Yield Opportunities to Everyday Investors
LANDLORD INVESTOR MAGAZINE
Editor Tracey Hanbury
Design
Marc Riley
Social Media
Charlotte Dye
Printing
IOP Marketing
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Meet the team
TRACEY HANBURY CO-FOUNDER / DIRECTOR
Team: Donegal GAA
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KIERAN MCCORMACK SALES
DIRECTOR
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Song: Bonkers, Dizze Rascal
Film: American Gangster
Food: Indian
Likes: Family time, Man Utd, golf
(not necessarily in that order)
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Fave thing about LIS: No day is the same (hence the song choice)
CHARLOTTE DYE HEAD OF CLIENT RELATIONS & OPERATIONS
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Film: E.T
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ALICIA CELA HEAD OF ACCOUNTS
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LEWIS HANBURY CONTENT CREATOR
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STEVE HANBURY CO-FOUNDER / DIRECTOR
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MARC RILEY CREATIVE DIRECTOR
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JACOB HANBURY SALES EXECUTIVE
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Song: Michael Bibi - Got the Fire
Film: Step Brothers
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Fave thing about LIS: Great atmosphere at the shows
WILL LIDDY SALES EXECUTIVE
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Likes: Friends and family, also the pub
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Fave thing about LIS: Socializing with the Team and clients
OLLIE HANBURY ENTERTAINMENT & SECURITY MANAGER
Team: Crystal Palace
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WHERE NOW FOR LANDLORDS?
With a focus on enhancing tenant rights, increasing regulation, and addressing affordability issues a Labour government in the UK is likely to bring significant changes to the private rented sector (PRS).
The Labour Party has consistently advocated for reforms in housing, and the impact of the new government's stance on the Private Rented Sector (PRS) could be profound.
One of Labour’s key proposals is the introduction of rent controls. The party has indicated plans to cap rent increases, particularly in areas where rents have soared, to ensure affordability for tenants. While this move would be welcomed by many renters struggling with high costs, it could also deter investment in the PRS. Landlords might be less inclined to invest in or maintain rental properties if their potential returns are capped, possibly leading to a reduction in the quality and availability of rental homes.
The incumbent government has also pledged to abolish Section 21 no-fault evictions, although this was already on the cards from the Conservative Renters' Reform Bill. By strengthening security of tenure, the government aims to give tenants more stability in their homes. This could lead to longer tenancies and reduced turnover, but it may also prompt some landlords to leave the market due to perceived risks and reduced flexibility.
Additionally, plans have been revealed to introduce a national register of landlords and stricter regulations
regrading property standards. Starting with tighter regulation of short-term lets, this will inevitably be applied to the wider sector over time with the aim of improving conditions in the PRS by ensuring all homes are safe and wellmaintained. However, the increased regulatory burden will inevitably lead to higher operational costs for landlords, which might be passed on to tenants in the form of higher rents or result in landlords exiting the market.
Labour’s focus on building more social and affordable housing could also impact the PRS by reducing the overall demand for private rentals. As more people move into affordable homes, the PRS might face decreased demand, potentially stabilizing or even reducing rental prices.
In summary, the current government is poised to bring more regulation, which may improve conditions for renters but will likely challenge landlords with increased costs and reduced profitability.
So where now?
To start with, the National Landlord Investment Show still has 2024 events in Bristol, Manchester, and London, where you can seek expert opinions and services. We may not know the exact shape these changes will take, but you can prepare by engaging with the experts on hand at our remaining 2024 shows.
Wishing you the very best on your property investor journey. TH
Labour’s focus on building more social and affordable housing could also impact the PRS by reducing the overall demand for private rentals. As more people move into affordable homes, the PRS might face decreased demand, potentially stabilizing or even reducing rental prices.
BRISTOL: CULTURE, GROWTH, & OPPORTUNITY
MILLI IVE
CJ HOLE
With robust economic growth, increasing demand, ongoing development, and a vibrant arts and social scene, Bristol has become a prime destination for property investors. Milli Ive from CJ Hole, The Bristol Agent, explains what makes the city so attractive and how CJ Hole can assist.
Why Bristol?
Bristol is a city with a vibrant culture, rich history and booming economy, making it an attractive location for looking for a property. Here are some reasons why Bristol is fast becoming a global destination for businesses and one of the most desirable places to live in the UK.
Growing Demand: Bristol's population is growing rapidly, which means there is a high demand for housing. This demand is expected to continue to rise as we’ve experienced the most London leavers in 2023, making it an ideal market for property investors.
Strong Economy: Bristol has a strong economy that is diverse and resilient. It is home to many successful businesses and has a thriving creative sector. This strong economic foundation means that investing in property in Bristol is a low-risk proposition.
Excellent Connectivity: Bristol is wellconnected with excellent transport links to other major cities in the UK, including London. It takes 68 minutes to London Paddington from Bristol. Also, 85% of the UK is within a 4 ½ hour drive from this city. This makes it an attractive location for professionals and students, which in turn drives demand for housing.
Cultural Hub: Bristol is a cultural hub, with a vibrant arts and music scene. It is also home to many festivals throughout the year, including the famous Bristol International Balloon Fiesta. This cultural richness makes it an attractive location for both residents and visitors.
Students: Accommodating two prestigious universities, and with further creative collages across the city, the demand for student housing in Bristol continues to rise, year on year. With university courses growing in number, quicker than the rate of student accommodation being built,
the demand for student lettings is at an all-time high.
High Rental Yields: Rental yields in Bristol are among the highest in the UK. This means that property investors can enjoy a good return on their investment, whether they are looking to buy-to-let or invest in commercial property.
Overall, investing in property in Bristol is an excellent decision for investors looking for a stable and profitable investment opportunity. The city's growing population, strong economy, excellent transport links, cultural richness, and, high rental yields make it an attractive location for property investment.
Bristol, a leading city for investors
CJ Hole is pleased to sponsor one of the UK’s leading investment events on their first show in the thriving city of Bristol.
Hosting the National Landlord Investment Show in Bristol is a great way to attract potential investors and showcase the city's growing real estate market. Bristol is a vibrant and diverse city with a strong economy, making it an attractive destination for property investors. Additionally, with the ongoing development of several key areas in the city, such as Temple Quarter and the Harbourside, there are plenty of opportunities for investors to get involved in exciting projects.
Bristol is a leading hub for technology and innovation, with a thriving startup scene and a growing number of businesses choosing to set up in the city, this has driven demand for highquality offices and commercial spaces as well as created a strong demand for residential properties in the city, making it an ideal location for property investment.
Hosting an event in this city is also a great way to network with other
industry professionals, share insights and best practices, along with gaining valuable knowledge about the local market.
CJ Hole: over 150 Years in the making
With offices throughout the city and covering South Gloucestershire and North Somerset, CJ Hole offers expertise in the following areas:-
• Residential Sales
• Residential Lettings
• Property Investment
• Portfolio Management
• Land & Development
• New Home Sales
• Student Accommodation
• Property Management
One of the key strengths of CJ Hole is its local knowledge. The company has been operating in Bristol for over 150 years, which means that its team has an in-depth understanding of the local property market. Local insight allows CJ Hole to provide clients with accurate and up-to-date advice on property sales and lettings.
Another strength is its commitment to using the latest technology. The company has invested heavily in digital marketing, which means that it can effectively market properties to a wide audience. CJ Hole also uses new referencing techniques for background and banking checks on potential new tenants offering further reassurance to landlords, coupled with the latest property management software, which allows the team to efficiently manage properties.
Overall, CJ Hole is a reputable estate agency that offers a comprehensive range of property-related services. Its experienced team, local knowledge, and use of technology make it an excellent choice whether you are looking to buy, sell, or rent a property in Bristol.
Meet the CJ Hole team on stands
35 & 36
National Landlord Investment Show comes to Bristol!
We’re delighted to be proud sponsors of the National Landlord Investment Show on its first time in Bristol. Who is better prepared than our highly experienced CJ Hole team to excite landlords on investing in our fine city.
Local knowledge and local expertise is bringing investment to Bristol.
25 September 2024 • 9.00 to 15.30 Free Admission • Free Parking Ashton Gate Stadium, BS3 2EJ We’ll see you there!
REECE MENNIE FOUNDER & CEO, HJ COLLECTION
Property has long been viewed as a safe investment, even during turbulent economic times, which explains why buy-to-let [BTL] has traditionally been such a hit with investors. After all, with exorbitant mortgage rates having prevented many prospective purchasers from getting a foot on the property ladder, rental yields have stayed particularly high, and landlords have reaped the rewards that this level of demand has afforded them.
The landscape, however, is shifting, with significant changes to the regulations governing how landlords manage their properties have been introduced in recent years. These regulatory changes have caused some of the profits that landlords once enjoyed to be considerably impacted, and presented further administrative hoops for them to jump through.
What’s more, the introduction of a new Labour government means landlords’ fortunes are unlikely to improve any time soon. Indeed, in the run up to the election, Sir Keir Starmer’s party pledged that it would scrap ‘no-fault’ evictions if elected; a move intended to give greater protections to renters. On top of this, it’s still unclear what Labour’s plans are for capital gains tax, as well as the energy efficiency standards that rental properties are required to meet.
In short, landlords face a decidedly bleak forecast under the new government, even though demand for rental accommodation remains incredibly high.
Why landlords should consider investing in property bonds
This is precisely what’s prompting so many landlords to explore alternative forms of investment, through which they can recapture the secure and steady returns that BTL once afforded them. Property bonds – also known as loan notes – for example, are becoming
an ever-more appealing choice for shrewd investors. In essence, property bonds are a form of alternative investment issued by property developers to raise funds for the land purchasing and construction costs involved with a planned development. Usually, they are issued for a fixed term and a set period of time, allowing the developer to finish construction and generate the returns owed to the investor.
After the bonds have been issued, they are secured against the property or land with a legal charge to protect the investor’s capital against loss. These provide both collateral and security to investors and are registered on the property title at the Land Registry Office. Through the agreement, investors are also paid a rate of interest over an established period of time –
typically between two and five years –following which the bond matures, and the loan amount is returned.
A simpler way to invest
Given that investors are unburdened by the various regulatory and administrative requirements associated with being a BTL landlord, this reduces the stress of managing their investment. In this sense, property bonds are great for investors who prefer to take a ‘hands-off’ approach to their portfolio.
With the rental market expected to become more complex and less lucrative for landlords under the new Labour government, savvy investors should be exploring all opportunities to maximise returns on their hard-earned savings.
The introduction of a new Labour government means landlords’ fortunes are unlikely to improve any time soon. Indeed, in the run up to the election, Sir Keir Starmer’s party pledged that it would scrap ‘no-fault’ evictions if elected; a move intended to give greater protections to renters.
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JENI BROWNE BUSINESS DEVELOPMENT DIRECTOR, MFB
AMIDST THE PROPERTY MARKET MADNESS IS BEING A LANDLORD STILL WORTH IT?
Anti-landlord rhetoric, an onslaught of legislation changes, and mortgage rate uncertainty have made being a landlord anything but a smooth ride lately. Yet so many property investors continue to weather the storm, so is being a landlord still worth it?
Whether you’re a seasoned landlord or new to the sector, the market has been tricky to navigate recently. Having been a landlord for several years now, I benefit from the shared perspective of a property investor and a mortgage broker. So, is it still worth it? And how, in the ever-changing market, can we ensure property finance success?
New legislation
The changing face of the UK parliament, from successive Conservative PMs to a new Labour government, has seen waves of new legislation proposed for the PRS. While some of this got lost along the way, the threat of abolishing Section 21 and more rights for tenants still hangs over our heads.
Having evicted a non-paying tenant, I know all too well the stress and financial burden Labour's Section 21 plans could inflict on the sector. We need to see the government working with the industry to create solutions to support tenants and landlords to reassure the PRS moving forward.
The devil will be in the details here. Although many proposals have not made it to law in the past, it's vital to stay informed and prepared for any policy changes. Substantial reviews of key policies will occur first, so we'll have enough notice to prepare for what's to come. Hopefully, the new government will recognise the crucial role the PRS plays in housing those who cannot afford to get onto the housing ladder and that abolishing Section 21 with no alternative measures or support will be detrimental to the very tenants they aim to protect.
Ensure property finance success
Landlords continue to reap the rewards from their property investments; look at rising rental prices. According to Zoopla, rents have increased by 6.6% annually, with growth forecasted to continue.
Certain regions outperform others, with Newcastle and Edinburgh showing fantastic annual rental growth of 10% and 9%, respectively. Removing London’s micro-market from the equation, rental growth is even more positive, at 8% year-on-year.
While the pace of rental growth has dropped slightly compared to last year (as is necessary to keep rents affordable for tenants), we’re still seeing healthy increases. When you combine this with decreasing mortgage interest rates and, therefore, reduced mortgage costs, there are no signs of rental profits easing up any time soon.
Furthermore, demand for rental homes remains staggeringly high. Despite being down 25% over the last 12 months, Zoopla still reports 15 households chasing each newly marketed rental property, over double the pre-pandemic levels.
How to benefit from this buoyant market
As we look for ways to boost our portfolios, we must focus on the top-performing property types. According to our data, HMOs, Multi-Units, and even Holiday Lets continue to outperform ‘vanilla’ buy to lets in terms of rental yields, at 8.57%, 8.30% and 9.90%, respectively. Across the UK, Zoopla reports average rental yields on standard buy to lets are currently 5.4%. However, as demonstrated above, choosing prime locations and complex property types could earn you much more.
So, let’s recap. Yes, legislation poses a significant challenge, but with rising rents, mortgage interest rates falling and fantastic yields on offer, alongside ongoing tenant demand, perhaps the media's anti-landlord rhetoric casts a rather unnecessary outlook on the market. With informed property investment choices and the support of an expert broker (like MFB), I'm confident my landlord peers will continue to show the same resilience as always and make a good profit from their portfolios, too.
Demand for rental homes remains staggeringly high. Despite being down 25% over the last 12 months, Zoopla still reports 15 households chasing each newly marketed rental property,
“We’ve been using C~urb PSL for several years now, and more than half of our properties are with them. We have been very satisfied with the service they have provided. It gives us great peace of mind knowing that our properties are in good hands and that the rent is guaranteed, with no voids.”
Stephen, C~urb PSL Landlord
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AICO
ENSURING FIRE SAFETY IN HOLIDAY HOMES: A CRITICAL GUIDE FOR OWNERS
We all look forward to the opportunity to get away from it all, planning our last-minute escape to a cosy holiday home. Aside from the thought of sun-filled landscapes and warm hospitality, it’s easy to overlook the crucial aspect of fire safety. Ensuring adequate fire and carbon monoxide (CO) protection within holiday homes isn’t just a legal obligation; it’s a moral responsibility to safeguard the lives of your guests.
Holiday homes often host families or larger groups who may be unfamiliar with the property’s layout and safety measures. In such settings, clear and concise fire safety instructions, prominently displayed evacuation routes, and easily accessible firefighting equipment become lifelines in case of an emergency. BS 5839-6 provides comprehensive guidelines for the installation and maintenance of fire detection and alarm systems, ensuring timely detection of fire incidents, thus allowing occupants to evacuate safely.
Unique architectural designs are often features of holiday homes, which may pose challenges for traditional fire protection. BS 5839-6 acknowledges these nuances, offering tailored recommendations for the installation of fire detection and alarm systems suitable for various building structures. Whether it’s timber-framed chalets, thatched roof cottages, or stately homes, adherence to these standards ensures that fire safety measures seamlessly integrate with the property’s aesthetic and structural integrity.
Holiday homes may not always be individual properties or houses. They can be lodges or static caravans which form part of a complex or resort, and therefore may fall into the potential category of Short Term Lets. As a result, they must achieve a Grade D1, Category LD1 status.
The seasonal nature of holiday homes means there may be prolonged periods of vacancy which means knowledge of the condition, integrity, and status of your fire and carbon monoxide alarms becomes even more important. Typically, occupants of holidays homes will not be familiar with the fire risks in the property or any escape routes regardless of how well highlighted they are.
What are the current BS 5839-6 requirements for short term holiday lets?
The design of a fire detection system is determined by considering the grade of fire alarm, and the category of the system, determining the level of coverage in the property.
Grade D1 – A system of one or more mains-powered detectors, each with a tamper-proof standby supply consisting of a battery or batteries. Where more than one detector is installed, they shall be interlinked by either wire or radio frequency.
Aico’s 3000 Series provides full property coverage from one range. These mains-powered alarms are supported by a tamper-proof 10-year lithium cell battery backup. In the event of a mains absence, these alarms will continue to detect fire and carbon monoxide. Aico’s Ei3000MRF SmartLINK Modules can interlink a system with ease, via radio frequency. With the module installed, when one alarm sounds, they all sound, increasing audibility throughout the property.
Category LD1 – A system incorporating detectors in all circulation areas that form part of the escape routes from the premises, and in all specified rooms or areas that present a high fire risk to occupants, including any kitchen and the principal habitable room.
Holiday homes are often found in remote or rural areas, where emergency response times may be prolonged. In such scenarios, the working integrity of alarms systems is key. Connected technology such as Aico’s HomeLINK Connected Home Solution, enables remote access to the condition and status of alarms, ensuring efficient
detection is in place and working. So, if faults were to occur or an activation was to take place, the landlord can have full visibility of the issue remotely and take action quicker.
Relevant fire safety considerations in holiday homes is not a given. It requires a commitment to all of the potential safety concerns of guests for the duration of their stay. Being steered by the rigorous standards set out in BS 5839-6, holiday homeowners not only mitigate the risk of fire-related tragedies but also cultivate an environment of trust and reassurance for their guests.
For more guidance on British Standards, visit www.aico.co.uk.
Holiday
homes are often found in remote or rural areas, where emergency response times may be prolonged. In such scenarios, the working integrity of alarms systems is key.
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HAYDEN GROSSMAN CHIEF OPERATING OFFICER
1 in 3 property owners overpay HMRC in Stamp Duty without realising it, sometimes up to hundreds of thousands of pounds. Here’s why so many people overpay, and what to do about it.
How big is the problem?
This issue isn't about minor errors. Overpayments can run into the hundreds of thousands, adding unnecessary financial strain to what is already a significant purchase, often turning people away from their dream investments. Despite the prevalence of these overpayments, awareness remains astonishingly low. It's not a priority for tax authorities to highlight potential savings, and as a result, many people remain unaware that they qualify for a lower payment rate or a rebate, if already paid.
Why Are So Many Overpaying?
The primary reason is a lack of awareness. Many property buyers simply accept their Stamp Duty calculations without question. They don’t realise how complex these Stamp Duty forms are, and exactly what information about their purchase will qualify them for lower rates - meaning these very important details are omitted. This is compounded by the fact that there are 39 different reliefs available – yes, 39 – which most people aren’t aware of.
I will run you through a few examples.
Example 1: You’ve just bought a charming, albeit dilapidated, old house with grand plans to turn it into your dream home. There is structural damage to the roof, causing leaks. It turns out, because your new abode was classed as ‘Uninhabitable’, you’re now eligible for a Stamp Duty refund of up to 80%.
Example 2: You just bought a flat with an apartment block that has shared amenities like a garden or a concierge. You are now eligible for the ‘Amenities’ relief, granting you a Stamp Duty reduction of up to 80%.
The problem is that these nuances aren’t widely known, and conveyancers and lawyers often don’t catch these errors. Why? Because they aren’t legally insured to advise on these forms properly. Their primary focus is on the legal aspects of the transaction, not on the financial intricacies of Stamp Duty reliefs. This gap in the process leaves many buyers in the dark, overpaying on their Stamp Duty without even realising it.
What To Do About It
So, what can you do about it? The first step is to be proactive. Don’t just accept your Stamp Duty calculations at face value. Educate yourself about the potential reliefs and be vigilant about checking for overpayments. However, given the complexity of the system, this can be easier said than done.
This is exactly why I started StampDuty. com (formerly Stamp Duty Saving). We were tired of the injustice of people massively overpaying their Stamp Duty without realising it, on a tax that was introduced in 1694 (apparently we still haven’t paid off that war against France). At StampDuty.com, our mission is to right this wrong. It’s incredibly satisfying to help people get back what is rightfully theirs. Seeing the relief and joy on our clients’ faces when they receive substantial refunds, even once as much as £1.8 million, is what drives us.
Using a standardised body like StampDuty.com ensures your case is reviewed thoroughly and accurately on a risk free (no upfront costs), no-win, no-fee basis. We provide peace of mind knowing your stamp duty has been calculated correctly and any possible savings have been reclaimed. It’s your money – let’s get it back for you!
Many property buyers simply accept their Stamp Duty calculations without question. They don’t realise how complex these Stamp Duty forms are, and exactly what information about their purchase will qualify them for lower rates - meaning these very important details are omitted.
EXPLORING COMMERCIAL PROPERTY INVESTMENT WITH PLATINUM
Platinum
Commercial Academy is at the forefront of empowering property professionals and investors, offering a robust platform to navigate the complexities of commercial property investment. In this Q&A, we delve into the academy's offerings, explore the benefits of meeting their team at upcoming events, and discuss their predictions for the 2024 property market, providing invaluable insights for both new and seasoned investors.
Q1: Could you introduce us to Platinum Commercial Academy and explain the services you provide?
At Platinum Commercial Academy, we are passionate about empowering property professionals and investors to build successful and profitable commercial portfolios.
Our academy is the result of a joint venture between Kirsty Darkins Commercial and Platinum Property Partners, bringing together a wealth of experience and a robust investment network.
We offer three main services designed to cater to various levels of commercial property investment:
• Commercial Property Club: This is a 12-month online learning course priced at £242+VAT per month, which includes group mentoring sessions led by Kirsty Darkins, and our team of seasoned commercial surveyors.
• Personal Mentoring Programme: For those who prefer a more tailored approach, we offer an 18-month personal mentoring program where we provide one-on-one support, helping you navigate the complexities of commercial investments.
• Property Sourcing: If you're looking for specific investment opportunities, we can source commercial properties for you, based on your individual investment criteria, with fees tailored to each project.
The partnership between Kirsty Darkins Commercial and Platinum Property Partners enhances our ability to offer a comprehensive educational platform, combining practical insights with strategic guidance. This synergy ensures that our participants not only receive knowledge but also gain access to an extensive support network, making it easier to tackle the commercial property market confidently.
Q2: Why should delegates come and meet your team at the 2024 events in London, Manchester, and Bristol?
If you're considering diversifying into commercial property, or if you're looking to deepen your existing knowledge, meeting us at one of these events could be pivotal.
The commercial property sector comes with its own set of challenges, from finding and financing properties to managing tenancies. At Platinum Commercial Academy, we guide you through these processes and connect you with key industry partners—brokers, surveyors, solicitors, and funders—to help ensure your success.
Our unique blend of in-depth knowledge and practical experience, backed by our significant network, makes us well-equipped to support both new and seasoned investors. By attending our sessions and speaking to us on stand, you'll gain insights that are not only theoretical but also grounded in real-world application.
Q3: What are your property market predictions for 2024?
Looking ahead to 2024, we expect it to be a year of significant changes, particularly with the likely reforms in tax regulations affecting capital gains and inheritance taxes.
As the regulatory landscape tightens, we foresee a growing interest in commercial properties, where the regulatory burdens are typically less onerous. At Platinum Commercial Academy, we are ready to assist landlords in navigating this shift, using our deep market understanding and comprehensive support system to help you make the most informed decisions in these evolving times.
This synergy ensures that our participants not only receive knowledge but also gain access to an extensive support network, making it easier to tackle the commercial property market confidently.
LABOUR'S ELECTION VICTORY AND INTEREST RATE CUT:
The political and economic landscape in the UK has seen significant shifts recently, marked by Labour's election victory and a crucial decision by the Bank of England. With inflation holding steady at the Bank's two percent target for two consecutive months, the Bank of England has cut interest rates for the first time since 2020. The Bank Rate, previously pegged at a 16-year high of 5.25% to combat inflation, has now been reduced to five percent. This move, alongside Labour's election win, brings a wave of implications for landlords.
The reduction in interest rates is welcome news for landlords who have faced increasing costs over recent years. Landlords and homeowners will be hoping this marks the start of further rate cuts to alleviate some financial pressure, making mortgage repayments more manageable and potentially freeing up capital for property maintenance and upgrades which could well be needed in the future to make sure rental properties are compliant. This recent cut is a piece of timely relief given the substantial changes anticipated under the new Labour government.
With Prime Minister Sir Keir Starmer at the helm, Labour is poised to implement a series of ambitious reforms affecting the private rental sector. Paul Shamplina, founder and managing director of Landlord Action, provides insights into what landlords need to know about Labour's proposals and their potential impact.
Abolishing Section 21 evictions
As we know, a key element of Labour's agenda is the immediate abolition of Section 21 'no fault' evictions. While this policy aims to enhance tenant security, it poses significant challenges for landlords, who may find it harder to manage problematic
tenancies. Industry professionals have warned Labour that if they were to follow through with the pledge to scrap Section 21 on short notice, the court system in England and Wales will be overwhelmed. Angela Rayner, appointed as Secretary of State for Levelling Up, Housing and Communities, as well as deputy prime minister, has acknowledged the complexities of this promise, indicating that an immediate ban on Section 21 is not feasible without first addressing inefficiencies within the court system. This suggests that the Government is aware of the need to balance tenant protections with practical considerations for landlords.
Rent regulation and tenant protections
Labour's manifesto also included measures to strengthen tenant protections, such as allowing tenants to challenge unreasonable rent increases, banning rental bidding wars, and capping upfront rent payments. These changes, aimed at creating a more regulated rental market, could increase administrative burdens for landlords and potentially reduce rental yields. Restrictions on setting and adjusting rents might discourage investment in the rental sector, leading to a reduction in available properties and heightened competition for existing rentals.
As we know, a key element of Labour's agenda is the immediate abolition of Section 21 'no fault' evictions. While this policy aims to enhance tenant security, it poses significant challenges for landlords, who may find it harder to manage problematic tenancies.
Extending Awaab’s Law
Another notable proposal is the extension of Awaab’s Law to the private rental sector. This law, introduced in the social housing sector in response to the tragic death of two-year-old Awaab Ishak due to prolonged exposure to mould, mandates that landlords must address dangerous hazards promptly.
For private landlords, this means stricter regulations and potentially higher maintenance costs. The requirements to investigate hazards within 14 days, begin repairs within seven days, and complete emergency repairs within 24 hours, will necessitate more proactive property management and potentially significant investment in property upkeep. However, as I have maintained for a long time, this won’t affect already responsible landlords. Others will need to professionalise and strategise to prosper in the private rented sector going forward.
Energy efficiency standards
Labour's commitment to improving home energy efficiency by 2030
is another critical aspect of their plan. While the exact EPC rating required is unspecified, the initiative aims to upgrade five million homes and invest £6.6 billion to reduce energy bills. Landlords may face substantial investment to meet these new standards, with Labour's timeline potentially accelerating the requirements compared to previous Conservative plans. Whether this is feasible remains to be seen, but I think landlords, particularly those with older less efficient properties, need to be considering future works that may be necessary and budgeting accordingly.
Market implications and landlord strategies
The combination of these policies could prompt some landlords to reassess their investments. The abolition of Section 21, along with stricter rent controls and increased maintenance obligations, might push some portfolio landlords out of the buy-to-let market. As we know, this could exacerbate the current shortage of rental properties, driving up rents in the long term.
However, Labour's broader housing strategy, which includes ambitious house-building plans, offers some hope. Increasing the supply of social housing could alleviate pressure on the private rental market, providing more options for low-income households and potentially stabilising the rental sector. Chancellor Rachel Reeves has announced significant planning reforms to "get Britain building again," aiming to deliver 1.5 million homes in five years and prioritising energy projects.
The recent cut in interest rates by the Bank of England, combined with Labour's election victory, signals significant changes ahead for the private rental sector. While the proposed reforms present challenges for landlords, they also offer opportunities to enhance tenant protections and improve housing standards. Engaging constructively with the new government and staying informed about upcoming developments will be crucial for landlords to navigate these changes effectively. Balancing tenant needs with the practical realities of property management is essential to ensure a fair and sustainable rental market for all.
Navigating the complexities of the HMO market requires a nuanced understanding of both sales and valuation intricacies. HMO Sales Expert utilizes deep industry knowledge and an extensive investor network to maximize returns. In this Q&A, we explore the breadth of their services, including tailored consultancy, expert valuations, and insightful market commentary.
Q1: Can you introduce HMO Sales Expert and the services you offer?
At HMO Sales Expert, our name perfectly demonstrates what we specialise in, buying and selling Houses in Multiple Occupation (HMOs).
Our extensive experience and market knowledge allow us to address the unique challenges associated with valuing and selling these properties. Our services are designed to maximise your returns and streamline the sale process. Here’s what we offer:
• Valuation and Sales: We provide expert appraisals and valuations for HMOs, whether for sale or for developers. Leveraging our comprehensive investor network, we ensure you receive the best possible price through direct HMO sales facilitated via our investor and partner platforms.
• Consultancy Services: Our consultancy services guide you through the sale process and advise on how to optimally set up your HMO to achieve maximum value. This includes training and consultancy for our HMO managing agent partners, accreditation and support for our network of partner agents, and comprehensive content creation and market commentary.
• Market Commentary: We deliver in-depth market analysis to help you stay informed and make strategic decisions based on current trends and future forecasts.
Q2: Why should delegates come and meet with your team at the 2024 events in London, Manchester, and Bristol?
If you’re looking to buy or sell HMOs, we’d love to meet you at the NLIS events. We offer more than just transactional support; our goal is to build meaningful relationships and provide ongoing, personalised assistance. Coming to see us and interacting in person allows for a tailored discussion on how we can enhance the value of your investments or help you find the right opportunities in a complex market.
Our approach is personalised, recognising that each HMO owner’s needs are unique. Whether you’re new to HMOs or a seasoned investor, our expertise in the field ensures that we can guide you effectively through the market’s intricacies.
Speak to us at the NLIS so you can - buy and sell quality HMOs with confidence.
Q3: What are your property market predictions for 2024?
The property market in 2024 is expected to face significant challenges, particularly for the HMO sector. Anticipated regulatory changes, including potential tax legislation shifts and the introduction of the "Renters Reform Bill" by Labour, will likely tighten regulations affecting all property owners.
Given these anticipated changes, expert advice and support will become increasingly essential. We expect a rise in landlords seeking to exit the sector, heightening the demand for specialised HMO knowledge and experience to manage these transitions effectively.
Our role at HMO Sales Expert is to ensure our clients are well-prepared and strategically positioned to adapt to these changes. With our proactive approach, detailed market understanding, and comprehensive support, we help our clients not just navigate but thrive amidst these shifts.
If you’re looking to buy or sell HMOs, we’d love to meet you at the NLIS events. We offer more than just transactional support; our goal is to build meaningful relationships and provide ongoing, personalised assistance.
DRIVING INVESTMENT THROUGH INNOVATION
D vers fy your nvestments nto Real
Estate/Sports/Tour sm and Agr Tech
Invest Tax Free for 15 Years
Get all the benef ts of be ng a landlord w th none of the hassle
Access nvestments usually reserved for Inst tut onal Investors
Discover The Fountain
A luxurious wellness resort nestled in the tropical paradise of Punta Cana, Dominican Republic, and developed by UK developers Opencloud Invest. This stunning investment opportunity not only offers a dream holiday home for you and your family but also delivers incredible financial returns.
Starting from just £110,000, The Fountain offers world-class amenities, including a high-tech gym, Spa Emporium, international restaurant, sauna, and sports zone. It's the perfect blend of relaxation and investment potential.
Invest today and enjoy a tax-free income for 15 years, plus a guaranteed 10% rental return for 10 years!
With financing available up to 65%, securing your slice of paradise has never been easier. Direct flights from London make this opportunity even more accessible!
BRINGING HIGH-YIELD OPPORTUNITIES TO EVERYDAY INVESTORS
Konrad Fox Founder & CEO Opencloud Invest
Established in 2018, Opencloud Invest was born with a mission to democratise high-yield investment opportunities traditionally reserved for the wealthy elite.
As peer-to-peer (P2P) investment platforms gained momentum, Opencloud carved a unique space by offering everyday investors access to markets such as Sports, Real Estate, Agri-Tech, and Tourism. Founder and CEO Konrad Fox talks us through the Opencloud ethos.
Tell us a little more about Opencloud Invest?
Opencloud Invest was founded in 2018 by Konrad Fox with a clear mission: to give everyday investors the same opportunities typically reserved for high-net-worth individuals and institutional investors. As peer-topeer (P2P) investment platforms and crowdfunding gained traction, Opencloud quickly disrupted the industry, opening doors for "mum and dad" investors to access high-yield investments once beyond their reach.
We specialize in diverse investment opportunities across Sports, Real Estate, Agri-Tech, Tourism, and Wine, allowing investors to build balanced, high-yielding portfolios tailored to their financial goals.
What would you say makes Opencloud Invest that little bit different?)
From the outset, our foundation has been built on the security of client funds. We conduct thorough forensic due diligence on every investment we recommend, and we don’t just recommend it—we invest in it ourselves. This approach has allowed us to consistently deliver an annual ROI of over 10%, even through challenging times like the COVID-19 pandemic, the cost of living crisis, and other external economic disruptions.
Our CEO, Konrad Fox, brings over 20 years of experience and personally oversees all investments, supported by our exceptional team. He remains available to our clients at any time,
fostering long-lasting relationships. Many of our investors who started their journey with us six years ago continue to be loyal clients and, in many cases, friends.
As an investment house with a global reach, Opencloud Invest offers a diverse range of opportunities across different countries, industries, and timeframes. This allows us to curate investment options that align with various risk appetites and financial objectives.
Why should delegates come and say hello to you at the show?
We’re excited to present a special investment opportunity exclusive to the Landlord Investment Roadshow. Opencloud Invest will be showcasing
Find out more...
our first international development project: The Fountain Wellness and Restoration Resort, a luxurious 5-star resort in the Dominican Republic featuring world-class facilities.
For UK landlords weary of increasing legislation, taxes, and the day-to-day hassle of property management, this investment is a game-changer. The project offers a 15-year special tax-free status, which means no income tax, no capital gains tax, and no sales purchase tax! And if that wasn’t enough, we’re offering a 10-year, 10% rental guarantee.
Don’t miss the chance to hear directly from Konrad Fox, who will be speaking at the show. It’s a perfect opportunity to learn more about Opencloud Invest and how we can help you grow your wealth with confidence.
Instagram: www.instagram.com/opencloud_invest Website: www.opencloudinvest.com Check us out on trustpilot: www.trustpilot.com/review/www.opencloudinvest.com
As an investment house
with
a global reach, Opencloud Invest offers a diverse range of opportunities across different countries, industries, and timeframes. This allows us to curate investment options that align with various risk appetites and financial objectives.
Please note that the value of investments and the income derived from them may fall and you may get back less than you invested. Past performance is not a guide to future performance. No investment is suitable in all cases and if you have any doubts as to an investment’s suitability then you should seek professional advice. Any tax allowances or thresholds mentioned are based on personal circumstances and current legislation which is subject to change.
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