Rob talks about the advantages and disadvantages of both freehold and leasehold properties, highlighting a news article about leaseholders in London being hit with unexpected service charges. Rob delves into the benefits of freehold properties, such as ownership of the land and building without the need for permissions or additional costs. KEY TAKEAWAYS Leasehold properties come with the disadvantage of potential unexpected service charges, as highlighted in the article discussed in the podcast ...
Sep 20, 2023•15 min•Ep. 410
Rob is joined once more by Mark Champ of Wharf Financial to discuss the current state of the property market, including the impact of the Bank of England base rate increase and the reduction of mortgage rates by some lenders. Mark shares that developers are cautious and looking to reduce land prices, while vendors are resistant. They also touch on the potential negative impact of global events, such as the situation in China, and the need for investors to be creative and take calculated risks. K...
Sep 17, 2023•13 min•Ep. 409
Rob discusses the current state of the UK housing market and its potential implications for the economy, focussing upon the decrease in mortgage borrowing and the challenges faced by homebuyers due to higher interest rates. Rob also mentions that lending is tightening, which could have negative effects on the economy and references comments from Karen Ward, an advisor to the chancellor, who predicts that central banks may push Western economies into recession to combat inflation. KEY TAKEAWAYS U...
Sep 13, 2023•13 min•Ep. 408
Rob talks about the three key reasons why landlords are choosing to sell their properties. He highlights the challenges landlords are facing, including increased mortgage costs, higher taxes, and uncertainty surrounding legislative changes, and sheds light on the difficulties landlords are currently experiencing and the potential implications for the rental market. KEY TAKEAWAYS Landlords are facing challenges that are causing them to sell their properties, including increased mortgage costs, hi...
Sep 10, 2023•14 min•Ep. 407
Rob discusses the concerning signs of the UK housing market starting to crack, referencing various news articles reporting a decline in house sales, with transactions down 21% year on year between April and July. Rob also mentions the correction in house prices and the potential for further interest rate increases by the Bank of England. KEY TAKEAWAYS The UK housing market is showing signs of cracking, with house sales falling and prices starting to correct. Mainstream media outlets have been re...
Sep 06, 2023•9 min•Ep. 406
Rob is joined once more by Marc Champ of Wharf Financial to discuss the current challenges in the financial industry, the difficulties they have been facing in recent weeks, including inflexible lending parameters and stricter criteria for loan approvals, and the potential impact of global events, such as the bankruptcy of Chinese property companies, on the property market. KEY TAKEAWAYS August is a difficult month for deals in the financial industry, as many people take holidays, leading to del...
Sep 03, 2023•17 min•Ep. 405
Rob discusses the frustration of being charged excessive fees by banks when using debit or credit cards abroad. He shares his personal experience of being in Mexico for an extended period and wanting to find the best banking options to avoid unnecessary charges. KEY TAKEAWAYS Avoid using standard debit cards from banks like TSB, Bank of Scotland, Lloyds, and Halifax when traveling abroad, as they charge high fees for cash withdrawals and spending. Consider using debit cards like First Direct, Ch...
Aug 30, 2023•11 min•Ep. 404
Rob talks about the recent rise in UK rents, which have reached their highest level since comparable records began in 2016, but also highlighting the fact that it does not account for the thousands or millions of years of climate data that have not been recorded... KEY TAKEAWAYS UK rents have risen at the highest rate since 2016, indicating a surge in rental prices. The high demand for rental properties and a decrease in the supply of available properties are the main reasons behind the rent inc...
Aug 27, 2023•7 min•Ep. 403
Rob discusses the upcoming commercial property opportunities in the next few years due to the economic challenges that lie ahead, and highlights the potential benefits for house builders and property investors in light of proposed changes to development rights. KEY TAKEAWAYS Commercial property is expected to be a significant opportunity in the next few years due to the economic challenges ahead. Changes to development rights are being proposed, which can benefit house builders in finding and ac...
Aug 23, 2023•6 min•Ep. 402
Rob discusses the proposed oil boiler ban set to take effect in 2026. The ban will primarily impact those living in rural areas who rely on oil boilers for heating. However, it will also affect landlords operating in regions such as East Anglia and Cornwall. Rob highlights the irony that the environmental secretary, who is proposing the ban, may face backlash from her own constituents who heavily rely on oil boilers. KEY TAKEAWAYS The UK government is proposing to phase out oil boilers by 2026 a...
Aug 20, 2023•8 min•Ep. 401
Rob talks about the big changes that are planned for permitted development rights and how they will impact the commercial property sector. This episode provides valuable insights into the potential changes in the commercial property sector and the opportunities they may bring. KEY TAKEAWAYS Proposed changes to permitted development rights in the commercial property sector could create new opportunities for acquiring land and converting buildings into residential units. Changes to Class MA could ...
Aug 16, 2023•12 min•Ep. 400
In this podcast episode, Rob discusses the challenges currently faced by UK house builders. Citing falling demand, rising interest rates, labor shortages, and high material and wage costs, the episode highlights the difficulties smaller house builders are experiencing in particular. KEY TAKEWAYS UK house builders are facing challenges in the current market, including falling demand, rising interest rates, labor shortages, high material and wage costs. It is taking longer for people to sell their...
Aug 13, 2023•10 min•Ep. 399
In this podcast episode, Rob discusses the recent news that UK house prices have fallen at the sharpest rate in 14 years. He provides his own perspective on the situation, highlighting that the decline in prices during the summer months is not surprising and may even be a positive correction. TAKEAWAYS UK house prices have experienced the sharpest decline in 14 years, with a drop of 3.8%, the largest since July 2009. Mortgage interest rates remain high, making affordability a challenge for house...
Aug 09, 2023•8 min•Ep. 398
With a recent news report stating that up to thirty people per rental property are now vying for the chance at each property, has the UK's biggest rental crisis ever finally appeared? In this show, Rob tells you everything you need to know KEY TAKEAWAYS Rents are increasing due to supply and demand imbalance. Some renters are spending months trying to find places to rent, and are fighting it out with groups of up to thirty other people. The average number of enquiries about rental properties has...
Aug 06, 2023•12 min•Ep. 397
Rob delivers a simple overview of the UK housing market, and the fundamental facts you need to focus on amid the media's distorted narrative. KEY TAKEAWAYS Supply of property in the UK is much lower than the demand. Many blame this on migrants but this is not the issue. The fact is that we have reached a point on this island where even if net migration was at zero, we still do not have enough affordable housing to cater to the population, which is constantly growing. The challenge we face with h...
Aug 02, 2023•9 min•Ep. 396
Michael Gove is looking to relax planning rules in order to create more homes in city centres, and it has sparked an explosive reaction from the public - but why? In this episode, Rob talks about why these new relaxed rules are actually a good thing. KEY TAKEAWAYS Betting shops and empty retail units are to be allowed to be converted into residential property, which is a very good way of recycling the high street. Critics of the plan are stating that conversions are generally low quality, but th...
Jul 30, 2023•11 min•Ep. 395
Many install solar panels in the belief that it will add value to their home in the long term, but is this true? In this episode, Rob answers the burning question on everyone's mind... KEY TAKEAWAYS Many think that if they spend X on solar panels, then the value of their homes will rise exponentially. In some cases though, the value of your homes can decrease if they're added. The property market is the one and only true factor that can influence the value of your home, not the trimmings we add....
Jul 26, 2023•9 min•Ep. 394
The Gold Standard is likely to return in due course, and all thanks to the BRICS nations, who meet in August of 2023, to put the wheels into motion on something that could have a profound impact on the rest of the world. In this episode, Rob exposes the truth, and tells you how it may impact you in the future. KEY TAKEAWAYS President took the dollar from the Gold Standard in 1971, which resulted in a floating currency mechanism. Since then currency has debased exponentially. The BRICS nations (B...
Jul 23, 2023•10 min•Ep. 393
Marc Champ of Wharf Financial joins Rob to discuss a new development finance tool that aims to ease the process for those in search of ways to enable and verify projects more quickly. KEY TAKEAWAYS We're about to see many more high street lenders moving away from fixed rate terms, which will mean refinancing on a mass scale. The Bank Of England will keep increasing rates, with effects and changes not being seen for up to 12-18 months. They will keep going until something breaks. When the media r...
Jul 19, 2023•15 min•Ep. 392
Mortgage rates have now soared to the highest level seen in fifteen years, and the average rate on a two year fixed deal is 6.6%, meaning misery for many. But why has this happened, and what can we do to escape from it? IN this episode, Rob breaks down the reasons, and more importantly, the causes of this tragic situation. KEY TAKEAWAYS The virus brought on a black swan event that handed complete control to the powers on high, meaning that they can manipulate our lives at will. Quantitative easi...
Jul 16, 2023•8 min•Ep. 391
The UK is facing a dictatorial warning in the wake of Nigel Farage being locked out of his bank accounts due to his political beliefs. How far can this go, and why should you be worried? In this episode, Rob tells you why this should terrify each and every one of you. KEY TAKEAWAYS If this situation is not stopped now, then simply disagreeing with the governments could result is us being financially stranded. The more and more that we hand over control to the powers on high, the more we open our...
Jul 12, 2023•9 min•Ep. 390
Rob explores the concept of central banks and why going cashless is certainly no benefit to society, despite the lies we're being sold. KEY TAKEAWAYS The powers on high are doing all they can to control us by any means possible. The World Economic forum in particular are pushing us towards a cashless society. If we're a cashless society, then we have less control over our money. Everything becomes digital, which means that everything we do or purchase is logged and used against us. BEST MOMENTS ...
Jul 09, 2023•11 min•Ep. 389
Following the news that the UK is officially no longer a leader when it comes to global climate change, Rob talks about why this is most certainly a good thing. KEY TAKEAWAYS Government backing for new coal, airport expansions and slow progress on heat pumps mean that the Uk has lost its leadership on climate issues. We have far more important issues to worry about in the UK, such as the collapse of Thames Water, pollution of our seas and rivers and the costly clean-up being passed on to us. The...
Jul 05, 2023•18 min•Ep. 388
Many hail electric vehicles as the salvation of mankind and a pathway to a cleaner planet, but what is the truth? In this episode, Rob smashes the myths that the powers on high are using to make us buy electric vehicles... KEY TAKEAWAYS Electric vehicles are being sold as the pinnacle of travel - that they're wonderful for the environment. These claims are false. We don't seem to be taking into account the massive damage to the planet in order to harvest the resources needed to make an EV. Minin...
Jul 02, 2023•10 min•Ep. 387
The Bank Of England shocked the nation last week with a half percent increase to 5%, yet inflation still remains high. In this episode, Rob talks about why their measures seem to be having little impact, and discusses the public's reaction. KEY TAKEAWAYS Inflation can't hope to fall because of the supply issue. What the government needs to do is apply the long term approach in order to make things easier. We are on a hypocritical climate change program, but we're not building nuclear power plant...
Jun 28, 2023•12 min•Ep. 386
With over a decade's worth of deals in the real estate industry, Kyle Seyboth has taken the Rhode Island and Southern Massachusetts real estate market by storm. Kyle Seyboth, who sold over 500 units and over 140 Million dollars worth of real estate in 2019. is amongst the top realtors in Rhode Island. For the past 3 years, he has earned Top Selling Agent Nationwide for Keller Williams. Kyle joins Rob today for a special episode, in which he discusses decision-making as a business skill, and the ...
Jun 25, 2023•22 min•Ep. 385
Rob discusses the fact that Prime Minister Rishi Sunak seems to be blaming the Bank Of England and Andrew Bailey for the high interest rates, when in fact he should be turning the blame upon himself... KEY TAKEAWAYS The government borrowing is now at the highest point it has been since 2008. The governor of the Bank Of England, Andrew Bailey, has said a review is incoming as to why the Bank has been so wrong-footed by inflation. When a pandemic-style event happens, any government will likely tel...
Jun 21, 2023•13 min•Ep. 384
Marc Champ of Wharf Financial joins Rob to discuss the current chaos in the mortgage sector, and how a significant drop in stock has caused a marked injury to the investing market. KEY TAKEAWAYS Property finance enquiries have dropped significantly, and the queries that are being made seem to be tentative ones. Rates have gone up, and exiting to a longer term deal is far more difficult. Businesses are being squeezed and are in search of new cashflow streams. The issues come from companies demand...
Jun 18, 2023•21 min•Ep. 383
There's a growing disparity between the prices being asked for houses and the eventual selling prices - sometimes as large as 22 percent! but why is this new phenomenon occurring so frequently? In this episode, Rob explains it all KEY TAKEAWAYS We've seen the Bank Of England base rate go from zero to around five percent - an unprecedented hike - as well as lockdowns, financial stimulus and tumultuous economic conditions. All of this has led to an increase in house prices. Quantitive easing may h...
Jun 14, 2023•11 min•Ep. 382
AI is playing n increasingly major role in shaping the way we work and create, but is it really a force for good, and how useful is it as a tool? In this episode, Rob breaks down this new phenomenon and gives you the truth about what to expect KEY TAKEAWAYS AI is incredibly powerful, as has been proved by people's conversations with services such as Chat GPT. It's knowledge base and way of communicating is unparalleled. The key factor that people seem to forget during this time of experimentatio...
Jun 11, 2023•14 min•Ep. 381
