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The Property Podcast

ASK198: What will Boris Johnson as Prime Minister mean for property investors?

The Property Podcast

Rob Bence & Rob Dix

News, Investing, Education, Business, Business News

4.82K Ratings

🗓️ 6 August 2019

⏱️ 7 minutes

🧾️ Download transcript

Summary

This week on Ask Rob & Rob, the guys are only answering one question because it warrants a pretty comprehensive answer.  AND it’s a question that’s on everyone's lips right now... What impact will Boris Johnson have on property investors now that he’s our new Prime Minister?  Thanks for the question Becky - let’s dive right in! Boris has already made noises that he’s going to make changes to stamp duty, and if you didn’t read last week’s Hub Extra, we actually included this story. Surprisingly, it’s not as doom and gloom as you might think.  He wants to move the threshold of where stamp duty becomes payable to £500,000 - which is a big difference to the current £125,000 and will make a huge difference to buy-to-let property investors and homeowners.  There’s also considerations that stamp duty will be payable by the seller rather than the buyer. Now, this isn’t something he’s officially made a comment on, but if it goes ahead it will have a bit impact on the market. However it looks like the 3% surcharge for buy-to-let properties isn’t going anywhere any time soon. Bah! Rob & Rob have talked about stamp duty numerous times on The Property Podcast and we even explain in depth what it is and how it works in this article. But what do The Robs think of Boris Johnson running our country altogether?  Well, you’ll have to tune in to find out their opinion. Do you have a buy to let or property investment related question for Rob & Rob? You could feature on the next episode by giving us a call on 013 808 00035 and leaving a message with your name and question (normal UK call rates apply).  Or if you prefer, click here to leave a recording via your computer instead. The next question on Ask Rob & Rob could be yours.  Have you joined us over on the Property Hub Forum yet? Our online community is friendly, informative, and the members are waiting to welcome you with open arms. So get yourself over and introduce yourself. See omnystudio.com/listener for privacy information.

Transcript

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0:00.0

Hi, I'm Rob.

0:03.4

And I'm Rob.

0:04.2

And this is Ask Rob and Rob.

0:05.6

Hello everyone and welcome to the Ask Rob and Rob show.

0:11.1

The show that you get your questions in and we give you our answers.

0:14.8

Well this week actually we've only got one question, Brita Biggie, so we're going to cover that off.

0:19.1

But before we do, let's remind you once more how you can get your questions in.

0:24.0

Yep just give us a call.

0:25.0

Oh 1.3808. Oh.

0:27.0

3.01.8.3.000.

0:30.0

If you want to be a bit flash and do it over the internet instead, then go to Property Hub.

0:35.0

slash Ask. Either way, send in your question and will be sure to give you an answer.

0:39.0

So while you ponder what you want to ask, let's hear what Becky has to ask.

0:44.0

Hi Robin Rob, it's Becky here.

0:46.0

Thanks so much for such a wonderful podcast. I listen every single week.

0:50.0

Just wondering now, Boris Johnson's in power as Prime Minister. He's made

0:56.1

some suggestions he's going to change stamp duty and I wondered how that's going

0:59.7

to impact investors. If you could let me know your thoughts, I'd be really grateful. Thanks.

1:05.0

Well, Rob, we said it was one question, but this is a biggie, because lots of people have

1:08.8

been asking us about Boris in all different ways. So we can cover it off in one ask episode so we can answer

1:13.7

Becky's question but talk about Boris in general. Absolutely. Well let's start

1:18.0

with what he said specifically about property before talking about what he

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