TPP371: Universal Credit: Why every property investor needs to understand it
The Property Podcast
Rob Bence & Rob Dix
4.8 • 2K Ratings
🗓️ 23 April 2020
⏱️ 27 minutes
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Summary
Transcript
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| 0:00.0 | Universal Credit. |
| 0:03.4 | As a property investor, even if your tenants don't use it, it's really important to understand, because at some point they may, |
| 0:10.4 | especially if the economy takes a dip or things become a little bit more unstable. |
| 0:17.0 | Welcome to the Property Podcast where every Thursday property investors come to be informed and inspired. |
| 0:26.4 | Today we've got one of our most popular ever Property Podcast guests back on the show talking |
| 0:31.5 | us through a very timely and important subject which if you |
| 0:34.6 | like most investors you won't know nearly enough about and as if that weren't |
| 0:38.6 | enough stick around to the end because we've got a resource that will help you keep |
| 0:42.0 | your kids quiet and do something good. |
| 0:44.8 | For our news story this week the headline reads demand for stamp duty holiday to |
| 0:49.0 | reignite housing market. Now everyone loves a holiday and property investors would really love a |
| 0:54.7 | stamp duty holiday. Rob can we get excited? Not quite yet. We've had a couple of |
| 1:00.1 | messages about this this week from people who are starting to get excited about it, but |
| 1:04.3 | it's important to say at the moment this is not policy or anything close to it. |
| 1:09.2 | This is just people saying that this is something that should be done. |
| 1:12.0 | So a couple of weeks ago, Rickicks, the Royal Institute of Chartered Surveyors, |
| 1:15.5 | put something out saying that for a period of time |
| 1:18.0 | after lockdown restrictions are lifted, |
| 1:20.5 | stamp duty should be taken out of the picture to encourage the market to come back to life, |
| 1:25.0 | and this week both Right Move and Night Frank have said something similar. |
| 1:30.0 | Would be lovely if it happened, and it's not the most bonkers idea I've heard. |
| 1:34.2 | We saw a few years ago when Stamp Duty was due to go up for investors. |
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