Cornwall Property Podcast

This week Dan and James answer two more listener questions.

Our first question is from Simon in Zelah who asks “You refer a lot to GDV’s and how important they are to a development. Can you share why they are so important and how you calculate a GDV please?”

Next up we have Michael from Port Issac who asks

“Many people tell me that property is for the long term game but is there actually a way to make short term gains also or is that a myth?” 

Tune in to find out what Dan & James had to say.

Do you have a buy-to-let or property investment related question for Dan & James? You could feature on the next episode by getting in touch via our website at www.cornwallpropertypodcast.com or messaging via the Cornwall Property Podcast Facebook page @cornwallpropertypodcast

You can also get in touch with us via email [email protected]

The next question on Ask Dan & James could be yours.

Please subscribe and leave us a review.

This week Dan and James discuss news regarding the latest property/housing updates as well as the latest updates from the world of mortgages and lending.

Dan looks at Hometracks latest House Price Index which has revealed that the average house price is up 7.8% from the 12 months leading up to January. 

Breaking it further down to regions and areas, we were shocked to learn that Wales has taken the top spot with 11.7% growth! It also shows the second highest growth of 9.7% in the South West.

Link: https://www.hometrack.com/wp-content/uploads/2022/03/UK-House-Price-January-final-PZ-HT-UPDATED-.pdf

Dan also shares information about a council tax clampdown on second homeowners amid soaring house prices - will more parts of Britain follow suit?

Link: https://www.thisismoney.co.uk/property/article-10586245/Wales-announces-council-tax-clampdown-second-homeowners.html

James discusses how the cost of living is likely to ease mortgage demand according to UK Finance

Link: https://www.mortgagestrategy.co.uk/news/cost-of-living-likely-to-ease-mortgage-demand-uk-finance/

James also shares how the majority of fix rate mortgages rises

Dan and James then talk through their property picks of the week. 

Commercial property of the week:

Property Location: 18, Castle Street, Truro

Rightmove Link: https://www.rightmove.co.uk/properties/120878297#/?channel=COM_BUY

Property Type: commercial offices

Guide price: £225,000

Development opportunity description: conversion to residential

Residential property of the week:

Property Location: Penzance 

Rightmove Link: https://www.rightmove.co.uk/properties/120776042

Property Type: 4 bed end of terrace 

Guide price: £168,200

Development opportunity description:  Set over four floors this Victorian end of terrace house is due a full renovation and would make a fabulous elegant family home. 

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This week Dan and James answer two more listener questions.

Our first question is from Yvonne in who asks  “How do you recommend finding a mentor? Are there any you can recommend? I am looking to invest in property and I also have a property related business so looking for a mentor for both if possible but in relation to the investment side would be most important. Ideally looking to invest in commercial or mixed commercial and residential.”

Next up we have Paul from Camelford who asks, “I am looking to dive into the Buy to Let world and I know a lot of the calculations are done on the property in terms of lending and its performance. Do you have to have a good credit rating also or does that not really matter?”

Tune in to find out what Dan & James had to say.

Do you have a buy-to-let or property investment related question for Dan & James? You could feature on the next episode by getting in touch via our website at www.cornwallpropertypodcast.com or messaging via the Cornwall Property Podcast Facebook page @cornwallpropertypodcast

You can also get in touch with us via email [email protected]

The next question on Ask Dan & James could be yours.

Follow us on Facebook @cornwallpropertypodcast
Subscribe to our YouTube channel https://www.youtube.com/channel/UC_EOpyHjzrevXIHjAvLhqNg
Get in touch with us [email protected]
Learn more about us www.cornwallpropertypodcast.com

Please Like 👍🏻, subscribe 🔔  and leave us a review 🙏🏻.

🔊 OUT NOW!!! 🚨 
Episode 14: Ask Dan & James: Should I self manage or use a letting agent? PLUS Am I able  to get a mortgage with a low income?

Description: 
This week Dan and James answer two more listener questions.

Our first question is from Lisa in St Austell who asks  “I would love to hear your thoughts on whether I should manage my new buy to let property myself or whether I should be working with a lettings agent?

I already have one property in Redruth that’s fully managed by a lettings agent, so I’m wanting to know if I should stick with that for my second investment property or just give it a go myself.

Whilst my second property is in St Austell and I live locally, I’m not sure if I should self manage this or hand to a local agent to manage?”

Next up we have Adam from Penzance who asks, “I have always been interested in property and would love to invest. My Mum and Dad have kindly gifted me some money to buy an investment property but I fear my Cornish wage is too low of just £24,000 for it to stack with the mortgage payments etc? Is it still possible?”

Tune in to find out what Dan & James had to say.

Do you have a buy-to-let or property investment related question for Dan & James? You could feature on the next episode by getting in touch via our website at www.cornwallpropertypodcast.com or messaging via the Cornwall Property Podcast Facebook page @cornwallpropertypodcast

You can also get in touch with us via email [email protected]

The next question on Ask Dan & James could be yours.

Please subscribe and leave us a review.

This week Dan and James discuss news regarding the latest property/housing updates as well as the latest updates from the world of mortgages and lending.

Dan looks at how Landlords are shunning older homes as EPC targets loom.

Link: https://www.landlordtoday.co.uk/breaking-news/2022/2/energy-efficiency--landlords-start-to-shun-older-homes-as-epc-targets-loom

Dan also looks at stats showing how Tenants are facing a double whammy of higher rents and less choice amid calls for extra 230,000 rental homes that are needed every year to match demand.  

Link: https://www.thisismoney.co.uk/property/article-10511097/Tenants-face-supply-crisis-amid-calls-extra-230-000-rental-homes-year.html  

James discusses how the majority of remortgages taken in 2021 were five-year fixes

Link:https://www.mortgagestrategy.co.uk/news/majority-of-remortgages-taken-in-2021-five-year-fixes-lms/  

James also looks at Lenders Concerns for 2022

Link:https://www.mortgagestrategy.co.uk/analysis/lenders-main-concerns-for-2022/

Dan and James then talk through their property picks of the week. 

Commercial property of the week:
Property Location: Newquay
Rightmove Link: https://www.rightmove.co.uk/properties/119847332?utm_campaign=property-details&utm_content=commercial-buying&utm_medium=sharing&utm_source=copytoclipboard#/&channel=COM_BUY
Property Type: Mid Terrace Surf Lodge
Guide price: £375,000

Residential property of the week:
Property Location:  Bodmin
Rightmove Link: https://www.rightmove.co.uk/properties/120505190
Property Type:  1 Bed Flat
Guide price:  £87,500

Follow us on Facebook @cornwallpropertypodcast
Subscribe to our YouTube channel https://www.youtube.com/channel/UC_EOpyHjzrevXIHjAvLhqNg
Get in touch with us [email protected]
Learn more about us www.cornwallpropertypodcast.com

Please Like 👍🏻, subscribe 🔔  and leave us a review 🙏🏻.

This week Dan and James discuss news regarding the latest property/housing updates as well as the latest updates from the world of mortgages and lending.

Dan looks at New Year demand for property as it hits record levels, up 50%
Link: https://www.zoopla.co.uk/discover/property-news/house-price-index-december-2021/ 

Dan also shares information about the Levelling Up White Paper 
Link: https://www.property118.com/existing-decent-homes-standard-is-not-the-right-vehicle/ 

James discusses Bank of England raises base rate to 0.5%

Link:https://www.mortgagestrategy.co.uk/news/bank-of-england-increases-the-base-rate-to-0-5/ 

James also looks at: Government reveals levelling up plan; housing high on the agenda 

Link:www.mortgagestrategy.co.uk/news/government-reveals-levelling-up-plan-housing-high-on-the-agenda/

Dan and James then talk through their property picks of the week. 

Commercial property of the week:
Property Location: River Street, Truro
Rightmove Link: https://www.rightmove.co.uk/properties/119435087#/?channel=COM_BUY 
Property Type: High st retail property 
Guide price: £270,000
Development opportunity description: 
Empty retail premises, grade 2 listed, over 3 floors in centre of Truro which could be converted and be offered to the residential market 

Residential property of the week:
Property Location: Falmouth
Rightmove Link: https://www.rightmove.co.uk/properties/119338601 
Property Type: 2 bed end of terrace 
Guide price: £125,000
Development opportunity description: Full refurbishment needed, parking space/terrace garden, would make an excellent buy to let or home for FTB. 

Follow us on Facebook @cornwallpropertypodcast
Subscribe to our YouTube channel https://www.youtube.com/channel/UC_EOpyHjzrevXIHjAvLhqNg
Get in touch with us [email protected]
Learn more about us www.cornwallpropertypodcast.com

Please subscribe and leave us a review.

This week Dan and James answer two more listener questions.

Our first question is from Florence in Wadebridge “I’m thinking of remortgaging my property as I have around £190,000 of equity tied up.  However, I don’t know if I should pay the penalty to get out of my mortgage now, which will be around £1,040, or wait two years when the fixed mortgage rate is finished. I don’t yet know which route I should choose property investment wise, holiday let, HMO, buy to let, long term council lease? What would you recommend I do?”

Next up we have Zoe from Boscastle who asks, “I am interested in getting into property investment but I do get quite stressed even thinking about it, does this mean its not for me as I don’t want to miss out?”

Tune in to find out what Dan & James had to say.

Do you have a buy-to-let or property investment related question for Dan & James? You could feature on the next episode by getting in touch via our website at www.cornwallpropertypodcast.com or messaging via the Cornwall Property Podcast Facebook page @cornwallpropertypodcast

You can also get in touch with us via email [email protected]

The next question on Ask Dan & James could be yours.

Please subscribe and leave us a review.

This week Dan and James discuss news regarding the latest property/housing updates as well as the latest updates from the world of mortgages and lending.

Dan looks at how tight supply increases rents across most regions
Link: https://www.property118.com/tight-supply-increases-rents-across-most-regions-during-q4-2021/

Dan also shares information about which Cornish coastal towns have seen the highest house price increases in the country
Link:https://www.cornwalllive.com/news/property/cornwall-coastal-towns-biggest-property-6492297.amp 

James discusses the rise in First time buyers towards the end of 2021 and what this means in the financial world. 

James also looks at the record number of Buy to Let firms established in 2021 with the tax benefits driving this increase. 
Link: www.mortgagestrategy.co.uk/news/first-time-buyer-activity-rises-at-end-of-year-legal-general/

Dan and James then talk through their property picks of the week. 

Commercial property of the week:
Property Location: Launceston 
Rightmove Link: https://www.rightmove.co.uk/properties/118688969#/?channel=COM_BUY 
Property Type: Plot of Land
Guide price: £140,000
Development opportunity description: Development site with the benefit of detailed planning approval for the construction of two new detached houses

Residential property of the week:
Property Location: St Austell 
Rightmove Link: https://www.rightmove.co.uk/properties/118866830 
Property Type: 2 bed cottage 
Guide price: £150,000
Development opportunity description: Cottage that has been empty now for over a year! Opportunity to create off road parking. Benefits from gas central heating also. Rear garden also.

Follow us on Facebook @cornwallpropertypodcast
Subscribe to our YouTube channel https://www.youtube.com/channel/UC_EOpyHjzrevXIHjAvLhqNg
Get in touch with us [email protected]
Learn more about us www.cornwallpropertypodcast.com

Please subscribe and leave us a review.

This week Dan and James discuss news regarding the latest property/housing updates as well as the latest updates from the world of mortgages and lending.

Dan looks at the number of homes in Cornwall that are illegal to live in and left to rot 

Link: https://www.cornwalllive.com/news/cornwall-news/dozens-homes-cornwall-illegal-live-6294874

Dan also shares information about predictions of slowing house price growth in 2022. 
Link: https://www.thisismoney.co.uk/money/buytolet/article-10350255/UK-landlords-face-slower-house-price-growth-tighter-regulations-2022.html 

James looks at the first-time buyer numbers topping 400,000 for first time in 15 years 
Link: https://www.mortgagestrategy.co.uk/news/first-time-buyer-numbers-top-400000-for-first-time-in-15-years/ 

James also looks at the Bank of England interest rates which have raised to 0.25%
Link: https://www.theguardian.com/business/2021/dec/16/bank-of-england-raises-interest-rates-to-025

Dan and James then talk through their property picks of the week. 

Commercial property of the week:
Property Location: 45 Coinagehall Street, Helston
Rightmove Link: https://www.rightmove.co.uk/properties/118294091#/?channel=COM_BUY 
Property Type: Period office building with rear garden.
Guide price: £350,000
Development opportunity description:  Planning Permission granted for change of use to a 3 bedroom house and 1 bedroom apartment PA21/00745

Residential property of the week:
Property Location: 8 Roach Road, Stenalees just North of St Austell
Rightmove Link: https://www.rightmove.co.uk/properties/118372175 
Property Type: 4 bed Semi-Detatched 
Guide price: £140,000
Development opportunity description:  Full renovation opportunity which gives chance to add value and bring back a good sized 4 bedroom family home with garden and parking. Property is clear of mining search and Mundic test. 

Follow us on Facebook @cornwallpropertypodcast
Subscribe to our YouTube channel https://www.youtube.com/channel/UC_EOpyHjzrevXIHjAvLhqNg
Get in touch with us [email protected]
Learn more about us www.cornwallpropertypodcast.com

Please subscribe and leave us a review.

This week Dan and James answer two more listener questions.

Our first question is from Ben in Falmouth who asks  “I want to buy a property but am unsure of the type of mortgage to take out. Capital repayment or interest only mortgage?

Next up we have Rebecca from Polzeath who asks, “What does the term GDV stand for?”

Tune in to find out what Dan & James had to say.

Do you have a buy-to-let or general property investment related question for Dan & James? You could feature on the next episode by getting in touch via our website at www.cornwallpropertypodcast.com or messaging via the Cornwall Property Podcast Facebook page @cornwallpropertypodcast

You can also get in touch with us via email [email protected]

The next question on Ask Dan & James could be yours.

Please subscribe and leave us a review.