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The Property Podcast

TPP312: Real life investors talk Brexit

The Property Podcast

Rob Bence & Rob Dix

News, Education, Business, Investing, Business News

4.82K Ratings

🗓️ 7 March 2019

⏱️ 21 minutes

🧾️ Download transcript

Summary

This week on The Property Podcast we’re discussing a topic that everyone has an opinion on - and we’ve got opinions from multiple property investors. We’re talking Brexit! We’ll be talking to Sarah, Iain and Steve who are all keen to share their thoughts on the current biggest political topic. First up is Sarah, who has been refurbishing and flipping properties in Sheffield. She hates the ‘B’ word but it’s the uncertainty of it all that concerns her. She tells us how the Sheffield market is currently performing. Next is Iain from the South East who has been dabbling in all kinds of property developments. He thinks that this is a prime time to be investing in property and is feeling pretty optimistic. Lastly we have Steve. Steve has been working on vanilla buy-to-lets over the past five years. He’s a firm believer that if you’ve got the deposit sat in the bank now, you definitely should invest it. He bought his last buy to let property six months ago but wishes he’d held on a bit longer to get a potentially better deal. Tune in to listen to this much debated Brexit topic and don’t miss next week where The Robs go hell for leather on what they think of it. In the news this week there’s been a great little update for landlords as landlord checks are potentially due to be bannedas it’s been identified as a potential breach of human rights. It’s not in place just yet, so in the meantime you do still need to carry out these checks. Also, sticking with the Brexit theme, according to an article in the BBC, struggling towns are set to receive a £1.6 billion boost post Brexit. Just have a listen to how much this ruffles Rob B’s feathers! Our Hub Extra this week is something similar to one we mentioned a few weeks ago. Braveis a web browser tool which has an ad blocker and tracker built into it which means makes surfing the internet both safer and faster. It might take you half an hour to get set up but it’s sure to make an impact.   We’d love to hear what you think of this week’s Property Podcast over on Facebook, Twitter or Instagram. You might even have a topic you’d like us to cover in the future - if so, pop us a message on social and we’ll see what we can do. If that wasn’t enough, you can also join our friendly property community on the Property Hub forum.    See omnystudio.com/listener for privacy information.

Transcript

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0:00.0

Hey it's Rob B here with Rob D and it's the Property Podcast and this week, yes, we're

0:08.3

talking Brexit. Brexit is one subject that everyone seems to have an opinion on and this week we've got opinions

0:15.3

from multiple investors. Yes, welcome to the Property Podcast, where every Thursday morning investors just like you come together to be informed and inspired.

0:30.0

You're probably hearing a lot in the media at the moment and wondering what you should be doing about your own investments and wondering what other investors are up to and what they're thinking about everything that's going on.

0:38.6

Well, wonder no more because we've got three hubbers on the show today talking about exactly what they're thinking and doing.

0:45.0

So this week we've not got one. We've got two news stories for you. Double dose, so enjoy this.

0:51.0

First of Rob, it's bad news for one of landlords most hated policies.

0:55.6

Yeah, which means good news for landlords potentially and good news for those of us who like to see the government brought down a peg or two every so often.

1:01.4

So the government was taken to the high court over the

1:04.7

right to rent check. So this is the check that you have to do every time you let a

1:07.8

property to make sure that the person living there is allowed to be in the

1:11.1

UK because obviously as a landlord you should be involved in border security makes total sense

1:15.0

Well no actually as it turns out it doesn't because this policy has been found to be

1:19.4

discriminatory and a breach of human rights laws by the High Court.

1:24.0

The judge said that the scheme had little or no effect in its main aim of controlling

1:27.8

immigration and even if it did have any effect it was significantly outweighed by the

1:31.6

discriminatory effect.

1:33.0

And he's basically saying that the scheme forces landlords to discriminate against people on the basis of their nationality and ethnicity,

1:40.0

because they're scared of the fines or the potential prison sentence they'll get if they don't follow the very complicated checks that you're supposed to make.

1:47.0

And I think he's absolutely spot on.

1:49.0

The policy is asking landlords to do something that they shouldn't be doing and they're not qualified to do, and I'm

1:53.8

absolutely convinced that it does lead to discrimination and potentially giving a hard time to people

...

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