Mark My Words

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How high could interest rates go, whether to invest in property right now and what a 100% mortgage is are just some of the questions Mark answers in this Q&A episode of Mark My Words.

KEY TAKEAWAYS 

• The UK is behind the curve, the EU is still putting interest rates up currently and it’s predicted we will still have some small rises in interest.
• Inflation is higher in the UK than in the EU and US due to our reliance on gas, labour supply shock from covid lockdowns and food price increases.
• Government debt is set to rise still and is continuing to impact growth.
• House prices are still falling but at a slower rate.
• There are opportunities to add to your property portfolio right now, there are always good deals available.
• Pay off student debt as soon as you can but not at the detriment of owning a property and career progression.

BEST MOMENTS  

‘Inflation is the primary consideration when setting interest rates’

‘Inflation will start to fall slightly, it’s already baked into the numbers’

‘House price falls are starting to slow and the market is beginning to stabilise’

‘Variable rates aren’t always a bad thing’

VALUABLE RESOURCES 

https://www.youtube.com/user/progressiveproperty https://www.progressiveproperty.co.uk/the-progressive-co-founders/

ABOUT THE HOST

Mark has bought, sold or has managed around 1,000 property units for himself, Rob, his family and his investors since 2003. He is a system and spreadsheet geek and has developed a complex, confidential deal analyser system of buying residential, commercial and multi-let properties.

CONTACT METHOD

Email: [email protected]

LinkedIn: https://www.linkedin.com/in/markhomer1

Facebook: https://www.facebook.com/markprogressive

Twitter: https://twitter.com/markprogressive

‘Brought to you by Progressive Media’: https://progressivemedia.uk/

Mark answers some of the most asked questions he is getting at the moment including why yes now is a good time to invest in buy to lets, why interest rates will be dropping and why some debt can be good.

KEY TAKEAWAYS 

• Being debt free isn’t always the best option, it can be worth investing money into property rather than paying off your mortgage
• Inflation will be paying your debt down, including your mortgage debt.
• The government haven’t helped tenants, landlords are selling up meaning less supply and so prices have increased.
• Mark suspects interest rates will drop in the next few years.

BEST MOMENTS  

‘There are less landlords coming into the market and that’s pushing rents higher and higher’

‘Prices have fallen and there are still some deals out there’

‘The IMF says the natural point of interest in the UK is way lower than we are at the moment”

VALUABLE RESOURCES 

https://www.youtube.com/user/progressiveproperty https://www.progressiveproperty.co.uk/the-progressive-co-founders/

ABOUT THE HOST

Mark has bought, sold or has managed around 1,000 property units for himself, Rob, his family and his investors since 2003. He is a system and spreadsheet geek and has developed a complex, confidential deal analyser system of buying residential, commercial and multi-let properties.

CONTACT METHOD

Email: [email protected]

LinkedIn: https://www.linkedin.com/in/markhomer1

Facebook: https://www.facebook.com/markprogressive

Twitter: https://twitter.com/markprogressive

‘Brought to you by Progressive Media’: https://progressivemedia.uk/

In this episode, Mark gives an update on energy, particularly on how this will impact landlords and the property market.

KEY TAKEAWAYS 

• The government has confirmed that landlords will need to meet an EPC rating of C or better by 2028 for new and existing tenancies.
• The best ways to go from a D or an E to a C rating is by a few small changes, such as energy saving lightbulbs, adding a storage heater or adding solar panels.
• Start planning for your properties now, as the deadline gets closer EPC experts will become busier and it will be more costly for you to make the necessary changes.
• There are exemptions, particularly if it’s going to be very costly for you to improve.
• Some landlords will be selling due to this which presents investment opportunities for those who are willing to put the work and knowledge in.
• Fuel prices will start to fall this year as wholesale priced drop and alternative options become available.
• Diesel and petrol prices have dropped significantly, almost hitting pre-2020 levels. This means that electric car demand has also dropped, they aren’t as financially attractive as they were.

BEST MOMENTS 

“I think quite a few landlords are selling because of this, this could be an opportunity”

“More and more of these sources of energy are coming online now”

“I don’t think the energy cap will be needed in the same way going into 2024”

VALUABLE RESOURCES 

https://www.youtube.com/user/progressiveproperty https://www.progressiveproperty.co.uk/the-progressive-co-founders/

ABOUT THE HOST

Mark has bought, sold or has managed around 1,000 property units for himself, Rob, his family and his investors since 2003. He is a systems and spreadsheet geek and has developed a complex, confidential deal analyser system of buying residential, commercial and multi-let properties.

CONTACT METHOD

Email: [email protected]

LinkedIn: https://www.linkedin.com/in/markhomer1

Facebook: https://www.facebook.com/markprogressive

Twitter: https://twitter.com/markprogressive

‘Brought to you by Progressive Media’: https://progressivemedia.uk/

CLASH OF THE TITANS - Go To moorevleeds.com to find out more

FREE DOWNLOAD How YOU Can Make A FORTUNE From Buy-To-Let

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Join Mark as he speaks to Kevin for a second time about how to build and manage a property business including your accounts and finances as well as investing. Mark and Kev also discuss investing abroad, the best way to do crypto and the biggest financial mistakes they see people making again and again.

KEY TAKEAWAYS 

• One day Mark envisions moving abroad, his plan would be to come back to the UK once a month for 3-4 days for tax rules and use that time to manage him team on the ground in the UK
• Mark recommends using a simple spreadsheet to manage your costs, finances etc when first starting out, it’s simple, it works and is usually free!
• The impact of late payments (excluding mortgages) on a company credit file is less than on a personal file, another one of the benefits of setting yourself up as a limited company as soon as you can.
• Bitcoin is probably the most stable coin from an investment perspective, anything else is a real gamble. Mark would still recommend you don’t put anymore of 5% into Bitcoin as it’s still very high risk.
• Most of those in cryptocurrency are then converting it into something ‘real’ such as fiat currency.
• Now is the time to buy property, prices are falling and will continue to fall and then increase again.
• Mark only buys properties with a 10 year view, he doesn’t flip properties. He also focuses on unloved properties as this is where he can add the most value.

BEST MOMENTS  

‘Leverage is often not paying a bill, because the bill is wrong’

‘The underlying technology behind crypto, the ledger system, is revolutionary’

‘You can use property [investing] as the vehicle to earn money and put that into crypto…it’s a no-money-down crypto’

‘I’ve never made more money, investing wise, out of anything other than property’

‘As interest rates have gone up, it’s pushed property prices down’

‘I love the stuff that’s unloved because that’s where you add value’

VALUABLE RESOURCES 

https://www.youtube.com/user/progressiveproperty https://www.progressiveproperty.co.uk/the-progressive-co-founders/

ABOUT THE HOST

Mark has bought, sold or has managed around 1,000 property units for himself, Rob, his family and his investors since 2003. He is a system and spreadsheet geek and has developed a complex, confidential deal analyser system of buying residential, commercial and multi-let properties.

CONTACT METHOD

Email: [email protected]

LinkedIn: https://www.linkedin.com/in/markhomer1

Facebook: https://www.facebook.com/markprogressive

Twitter: https://twitter.com/markprogressive

‘Brought to you by Progressive Media’: https://progressivemedia.uk/

In this episode, Mark reveals how he built his multi-million property empire, his thoughts on the property market right now, as well as how to find investors and venture partners. He also delves deep into the importance of risk in business and how you can manage it.

KEY TAKEAWAYS 

• The biggest risk mark has had to contend with is his most recent property development when lockdown hit right in the middle of the project and he was paying 60k a month in interest. But the risks taken have paid off.
• Lots of people use the asking price as a guide price in property, but it can be irrelevant in the grand scheme, a property will sell for what someone is willing to pay for it.
• There’s still leverage to be had in single-let properties, you just need to focus closely now more than ever, on the yield.
• Direct to the vendor can be a great way to get a discount on your purchase price but working with agents and fostering those relationships can help you get more and bigger deals too.
• You have to educate yourself so that you know how to recognise a good property deal anywhere, regardless of whether that is from an agent, direct or even at auction.
• Build credibility for yourself and show the value you can bring to a deal, creating your own track record, this will make you appealing to investors.
• Debt can be powerful. It’s important to not over leverage but you can actually make more money from inflation by reducing the value of the mortgage than actual growth in real terms.
• A good accountant can add a lot of value, you don’t know what you don’t know and they can reduce your tax bills significantly.

BEST MOMENTS  

‘Mark is the brains behind Progressive Property"

“You always want to add value, it’s so important”

“The best deals we have ever done have been direct vendor”

“We all start the same way”

“You can make more money out of inflation, reducing the value of the mortgage than you can growth in real terms”

‘Brought to you by Progressive Media’: https://progressivemedia.uk/

As Mark hits his 43rd birthday he reflects on the 6 key things he has learnt in his 17 years of business including why inflation can be your biggest helper as well as the many tax reliefs many people aren’t utilising enough! 

KEY TAKEAWAYS 

• When you are investing, particularly in property, inflation can be your friend in a big way.
• Inflation is the devaluation of money over time; the value of mortgages decreases at the rate of inflation too
• Taking many small and consistent steps over time is something that Mark has recognised contributed to his success in business. It’s not all about making big or ‘quick’ wins.
• You cannot manage what you don’t measure, Mark loves KPIs and data because people make mistakes and they also lie.
• It’s easy right now to complain about taxes, but one thing business people often don’t focus on is the reliefs they are entitled to. Always make sure you are offsetting everything you possibly can. 
• Over the years mark has realised it is possible to sweat the small things too much, it’s more important to focus on the bigger picture

BEST MOMENTS 

 “Inflation could create the biggest returns that you receive in property”

“Inflation has an equally positive on any debt or mortgages you have, inflation is actually paying your mortgage down”

“The effects of taking those small steps hardwired those habits into your head so it becomes easier and easier”

“Make sure you are claiming every [tax] relief you possibly can”

“It’s a major benefit not paying capital gains tax on your home”

“If you sweat the pennies too much you’ll often miss the pounds”

VALUABLE RESOURCES 

https://www.youtube.com/user/progressiveproperty https://www.progressiveproperty.co.uk/the-progressive-co-founders/

ABOUT THE HOST

Mark has bought, sold or has managed around 1,000 property units for himself, Rob, his family and his investors since 2003. He is a systems and spreadsheet geek and has developed a complex, confidential deal analyser system of buying residential, commercial and multi-let properties.

CONTACT METHOD

Email: [email protected]

LinkedIn: https://www.linkedin.com/in/markhomer1

Facebook: https://www.facebook.com/markprogressive

Twitter: https://twitter.com/markprogressive

‘Brought to you by Progressive Media’: https://progressivemedia.uk/

Part 2 of the Mark & Rob special episode. Mark and Rob continue to talk openly and honestly about all things business, particularly focusing on the negative impact of the tax in the UK and the long-lasting impacts of covid and lockdowns.

Mark & Rob Reveal:

• The differences between the current recession and 2008
• The long-lasting impact of covid
• How to make every pound a prisoner
• The best way to invest in the current climate

Also featured

• The current state of employment and wages
• Whether Andrew Tate is right about NOT working in a business you’re passionate about
• How to find and nurture a good business partnership

BEST MOMENTS

“There’s probably more cash around than we thought there was going to be”

“We could be moving into a lost decade”

“I do try and focus on the big wins”

“You need to diversify”

VALUABLE RESOURCES 

https://www.youtube.com/user/progressiveproperty https://www.progressiveproperty.co.uk/the-progressive-co-founders/

ABOUT THE HOST

Mark has bought, sold or has managed around 1,000 property units for himself, Rob, his family and his investors since 2003. He is a system and spreadsheet geek and has developed a complex, confidential deal analyser system of buying residential, commercial and multi-let properties.

CONTACT METHOD

Email: [email protected]

LinkedIn: https://www.linkedin.com/in/markhomer1

Facebook: https://www.facebook.com/markprogressive

Twitter: https://twitter.com/markprogressive

‘Brought to you by Progressive Media’: https://progressivemedia.uk/

Progressive Property co-founder and co-owner Rob joins Mark in this special episode. Rob and Mark openly and honestly talk about the business lessons, mistakes, tips and tricks they have learnt in the past 17 years as well as their thoughts on the current state of the UK.

Mark & Rob Reveal:

• The actual causes behind high inflation in the UK
• Why tax is too high
• How lockdown has irreversibly damaged the UK
• Their thoughts on Prince Harry and the Royal Family
• Why they think the government is incompetent

Also featured

• The demise of the British Empire & Globalisation
• Why the political system needs to change
• Discussion on the current tax system and what could work better

BEST MOMENTS

“I think the UK is the worst I have seen it”

“The consequences of lockdown are going to be way worse in the long down than what the lockdown saved us from”

“I think Prince Harry is a disgrace”

“Growth is the solution but we don’t have anyone in government who wants to prioritise growth”

VALUABLE RESOURCES 

https://www.youtube.com/user/progressiveproperty https://www.progressiveproperty.co.uk/the-progressive-co-founders/

ABOUT THE HOST

Mark has bought, sold or has managed around 1,000 property units for himself, Rob, his family and his investors since 2003. He is a system and spreadsheet geek and has developed a complex, confidential deal analyser system of buying residential, commercial and multi-let properties.

CONTACT METHOD

Email: [email protected]

LinkedIn: https://www.linkedin.com/in/markhomer1

Facebook: https://www.facebook.com/markprogressive

Twitter: https://twitter.com/markprogressive

‘Brought to you by Progressive Media’: https://progressivemedia.uk/

A macroeconomic update from Mark in this quick but informative episode.

KEY TAKEAWAYS 

• Inflation has started to fall, it’s likely that inflation has already peaked. This doesn’t mean we won’t head into a recession.
• There’s the potential for us to enter a ‘shallow recession’ due to interest rates still increasing but things like gas prices decreasing.
• Medium-long-term inflation may need to increase to get interest rates back down to 2% levels
• Consumer spending is holding up reasonably well still. People are still booking holidays and buying things.
• What has potentially saved consumer spending is the amount of savings people had due to the pandemic.
• Property prices will still fall and affordability for both housing and things like cars will be impacted, this will take time for the country to adjust.

BEST MOMENTS 

 “Gas prices now are at a level well before Putin invaded Ukraine so electricity prices will start to fall”

“Inflation is probably going to half”

“Things aren’t turning around yet but you can see where this thing ends and you can see a trajectory out of this”

“Property probably takes 18 months to reset and we’re seeing this”

“The UK is the sick man of Europe”

VALUABLE RESOURCES 

https://www.youtube.com/user/progressiveproperty https://www.progressiveproperty.co.uk/the-progressive-co-founders/

ABOUT THE HOST

Mark has bought, sold or has managed around 1,000 property units for himself, Rob, his family and his investors since 2003. He is a system and spreadsheet geek and has developed a complex, confidential deal analyser system of buying residential, commercial and multi-let properties.

CONTACT METHOD

Email: [email protected]

LinkedIn: https://www.linkedin.com/in/markhomer1

Facebook: https://www.facebook.com/markprogressive

Twitter: https://twitter.com/markprogressive

‘Brought to you by Progressive Media’: https://progressivemedia.uk/

Join Mark in this episode where he unveils his personal predictions for the property market in 2023 including why property prices are set to drop 30-40%!

KEY TAKEAWAYS 

• Inflation is now 10% and mortgage rates have gone up considerably resulting in property prices dropping around 10-15% already.
• The reverse is happening in the rental market as fewer people are buying and supply is too low.
• Mark doesn’t believe the bank of England will go to 5% inflation however, we won’t be seeing the historically low rates we have had over the past decade.
• Wages are now starting to increase in line with inflation.
• Properties will continue to fall in 2023, potentially in real terms a 40% drop in house prices.
• The big national builders are already building less. There will be fewer houses built in 2023.

BEST MOMENTS 

 “Clearly it’s not been an easy ride for lots of businesses”

“We’re on course for a 30-40% drop in real house prices”

“They printed too much money”

“The national house builders are cutting back”

VALUABLE RESOURCES 

https://www.youtube.com/user/progressiveproperty https://www.progressiveproperty.co.uk/the-progressive-co-founders/

ABOUT THE HOST

Mark has bought, sold or has managed around 1,000 property units for himself, Rob, his family and his investors since 2003. He is a system and spreadsheet geek and has developed a complex, confidential deal analyser system of buying residential, commercial and multi-let properties.

CONTACT METHOD

Email: [email protected]

LinkedIn: https://www.linkedin.com/in/markhomer1

Facebook: https://www.facebook.com/markprogressive

Twitter: https://twitter.com/markprogressive

‘Brought to you by Progressive Media’: https://progressivemedia.uk/