TPP384: Development projects and lockdown: How one investor faced this nightmare scenario
The Property Podcast
Rob Bence & Rob Dix
4.8 • 2K Ratings
🗓️ 23 July 2020
⏱️ 21 minutes
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| 0:00.0 | Hi Rob B. Here, |
| 0:03.9 | here with Rob D and yes you are listening to the Property Podcast |
| 0:07.0 | now doing a refurb project. |
| 0:09.0 | That's pretty tough at the best of times. |
| 0:12.0 | But what if you were doing a refurb |
| 0:13.6 | project in the middle of lockdown? And then imagine you were doing more than one. How |
| 0:19.1 | would you handle it? Well this week we've got a guest who's been through that experience and is going to share it with us all. |
| 0:27.0 | Welcome to the Property Podcast where every Thursday investors come to be informed and inspired. |
| 0:37.0 | I love these episodes where we speak to a real investor who's out there doing projects and finding out what life is like for them right now. |
| 0:44.8 | So that's what we've got coming up. It's going to be a great conversation. |
| 0:47.4 | And make sure you stick around after that because in Hub Extra I'm going to be sharing a book that I've absolutely loved. |
| 0:53.5 | So time for our new story of the week. |
| 0:56.3 | And Rob, what's grabbed your attention this week? |
| 0:58.8 | Yes, good news this week for investors in Scotland and Wales. |
| 1:02.3 | Each country has its own version of Stamp Duty, |
| 1:04.8 | though they call something slightly different, and initially when England and Northern Ireland |
| 1:09.6 | announced the extension in the Zero Rate Band of Stamp Duty Scotland and Wales didn't. |
| 1:15.5 | But in the last week or so they have the threshold in both countries where we have to pay nothing |
| 1:20.8 | at all has been extended up to 250,000. That's lower than it is in |
| 1:26.6 | England but the reason for that is that property prices are generally lower so |
| 1:30.1 | the idea is that roughly the same percentage of properties end up falling within the zero rate |
| 1:36.0 | band. But it's not purely good news. In Scotland, just as in England and Northern Ireland, investors |
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