Money Tips Podcast

Investors look for deals hundreds of miles away when there are plenty of opportunities on their doorstep. 

Know your area – every area has its sweet spot!

Decide on your strategy:

• Are you going down the buy to let route?
• Do you want to be a landlord? 
• Are you good at managing property and could you build a rent to rent business?
• Do you want to develop properties or by, refurbish and refinance?
• Do you want to get into commercial conversions?
• Are you cash rich and time poor what time rich and cash poor?

You’ve heard the expression, “location, location, location” I say:

“View, view, view”! 

Get out there, talk to agents, get online and start viewing. 

The wheel

One of the most successful property people I know is disabled and in a wheelchair. Even before the internet, he did his research “viewings” from home before venturing out. He could not afford to waste any time.

Training and CPD

Know what you’re doing and never stop learning.

Other articles available at Money Tips Podcast - www.moneytipsdaily.com

• The UK housing market is rebounding fast after a tax cut by the Chancellor Rishi Sunak

• UK Property prices rise after stamp duty cut, despite rising unemployment

• British Chambers of Commerce said 28% of employers may cut jobs in next 3 months

• UK Mortgages becoming more difficult to obtain and more expensive

• New planning rules will open up more opportunities to make money in property

• Opportunity is everywhere for everyone, especially in property! But you have ACT! 

• You don’t need your own money to create a second income in property 

• Time to your economy or Uconomy started whatever the economy is doing!

• You can create a second income during the lockdown…and come out stronger

• Learn how to make money from property without deposits, mortgages or cash

By Charles Kelly, Property Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast.

There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.

If you’d like further information on how to survive the crisis and even quit the rat race, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com

Other articles available at Money Tips Podcast - www.moneytipsdaily.com

• NS&I pay 1% no minimum or early withdrawal penalties

• Guaranteed Income Bonds pay 1.15% to 1.6% depending on term

• Help to Save best deal of all with 50% bonus if you qualify on low income

• Lifetime ISA 25% bonus, invest up to £4,000 for first-time-buyers aged 18-39 

• Make sure you have an emergency contingency fund avoid short term credit

• Payday lenders or ‘instant short-term loan providers charge up to 91% APR

• High street banks are charging as much as 40% just for an overdraught facility 

• Credit card companies still charging extortionate 16-20% despite low base rate

• New Home Insulation Grants – Work must be quality checked say consumer groups

• The UK housing market is rebounding fast after a tax cut by the Chancellor Rishi Sunak

• UK Property prices rise after stamp duty cut, despite rising unemployment

• British Chambers of Commerce said 28% of employers may cut jobs in next 3 months

• UK Mortgages becoming more difficult to obtain and more expensive

• New planning rules will open up more opportunities to make money in property

• Opportunity is everywhere for everyone, especially in property! But you have ACT! 

• You don’t need your own money to create a second income in property 

• Time to your economy or Uconomy started whatever the economy is doing!

• You can create a second income during the lockdown…and come out stronger

• Learn how to make money from property without deposits, mortgages or cash

Millions of people face a bleak future post-Coronavirus lockdown, as businesses disappear and the job furlough scheme eventually comes to an end. However, life doesn’t have to end because of lockdown! You can join thousands of ordinary people who have increased their income and added streams of new income during this period. 

Are you ready to adapt to the new economic model?

As lockdown restrictions around the world are being eased, the economic model has subtly changed forever. How will you adapt to this new way of working and running a business, what obstacles and opportunities lies ahead? Will you be a participant or spectator in this revolution? 

By Charles Kelly, Property Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast.

There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.

If you’d like further information on how to survive the crisis and even quit the rat race, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com

UK Property prices rise after stamp duty cut, despite rising unemployment. The UK housing market is rebounding fast after a tax cut by the Chancellor Rishi Sunak, according to the property website Rightmove.

Other articles available at Money Tips Podcast - www.moneytipsdaily.com

• UK unemployment rate could hit 15 per cent with second Covid wave, says OECD

• British Chambers of Commerce said 28% of employers may cut jobs in next 3 months

• UK Mortgages becoming more difficult to obtain with and more expensive

• Government planning CGT ‘tax grab’ on buy-to-let property investors 

• Nationwide now lending 90% for first time buyers reversing previous change

• Stamp Duty slashed until 31 March 2021 by raising the threshold to 500,000

• New planning rules will open up more opportunities to make money in property

• Opportunity is everywhere for everyone, especially in property! But you have ACT! 

• Even the 'Secret law of attraction' requires you to get off your ass and TAKE ACTION!

• You don’t need your own money to create a second income in property 

• Time to your economy or Uconomy started whatever the economy is doing!

• You can create a second income during the lockdown…and come out stronger

• Learn how to make money from property without deposits, mortgages or cash

Millions of people face a bleak future post-Coronavirus lockdown, as businesses disappear and the job furlough scheme eventually comes to an end. However, life doesn’t have to end because of lockdown! You can join thousands of ordinary people who have increased their income and added streams of new income during this period. 

Are you ready to adapt to the new economic model?

As lockdown restrictions around the world are being eased, the economic model has subtly changed forever. How will you adapt to this new way of working and running a business, what obstacles and opportunities lies ahead? Will you be a participant or spectator in this revolution? 

By Charles Kelly, Property Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast.

There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.

If you’d like further information on how to survive the crisis and even quit the rat race, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com

Warren Buffett is one of the most successful investors of all time and one of the richest men in the world with a net worth of $79 billion, most of which he intends giving away to good causes.

He leads a relatively simple life in Omaha, Nebraska and has lived in the same house since 1958.

Multi-billionaire Warren Buffett is a ‘value investor’ who invests in companies for long term though Berkshire Hathaway, which has given shareholders a remarkable average annual return 20% since 1965.

A single share in Berkshire now costs over $280,000.

He looks to buy companies at a price which gives him a ‘margin of safety’. In other words, he only buys at below-market value and pays no regard to the sticker price quoted on the stock market.

“Price is what you pay. Value is what you get.”

Warren Buffett

He does not jump in and out of the market. Instead the wise old ‘sage of Omaha’ patiently waits for the right deal. In fact, he has not bought very much for the last two years and got out of all of his airline investments during the last stock market fall.

He does not just sit there and wait twiddling his thumbs. He and his partner, Charlie Munger, spend their days researching companies and studying balance sheets. 

Still active at 89, he attracts a huge following among share investors, such as Phil Town, and his shareholder meetings are more like a convention.

What type of companies does Warren Buffett buy?

Berkshire Hathaway is a holding company which owns substantial stakes in insurance companies, banks and credit card companies like Goldman Sachs, Bank of America, Wells Fargo and American Express, Visa, Mastercard, transport companies and perennial businesses like Kraft Heinz, Apple, Microsoft, Coca-Cola and McDonald’s. 

Businesses which some investors might find boring but all have one thing in common. 

A moat. 

Having a moat protect the business from the competition that would seek to attack and destroy the castle.

A moat can consist of a strong brand, like Apple, McDonald’s and Coca-Cola. It could also be that customers would find it extremely difficult to switch to a competitor or even have no other choice. 

He buys strong companies with excellent earnings growth that he would be to hold for the next 10 years “even if the market shut down”.

He does not jump into the latest tech firm and will not be putting his cash into Bitcoin or cryptocurrencies, of which he once said, “In terms of cryptocurrencies, generally, I can say with almost certainty that they will come to a bad ending.”

Berkshire owns and controls many businesses but does not run them on a day-to-day basis. Their management style is hands off, as one of the reasons they invested in the company was that it had a great management team and board.

Can you apply this investment philosophy to property?

Of course you can!

All property investors want to buy property at below market value. However, very few take the time and trouble to keep researching the market in order to find that special deal.

“Never invest in a business you cannot understand.”

Warren Buffett

Warren always does his homework and knows his business inside out. He has spent years learning to become a great investor and studied under the likes of Ben Graham, the father of value investing who made a fortune during America’s great depression.

Finding the right property, in the right area at the right price gives an investor an excellent prospect of good long-term earnings - massive upside with very little downside.

“Buy a stock the way you would buy a house. Understand and like it such that you’d be content to own it in the absence of any market.”

Warren Buffett

Another aspect of Warren’s investment philosophy is to never lose money. His two golden rules are:

“Rule No. 1: Never lose money. Rule No. 2: Never forget rule No.1”  

This might sound strange for someone investing in a volatile ad sometimes risky stock market, but not if you apply his philosophy of buying companies with a margin of safety in the price and a strong moat. 

Warren Buffett has come up with many brilliant quotes. Perhaps one of his most famous is:

“We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.” 

Applying Buffett’s investment philosophy in the stock market or property investment will ensure you make money and build wealth for the longer term without risking the farm on every deal.

By Charles Kelly, Property Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast.

There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.

If you’d like further information on how to survive the crisis and even quit the rat race, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com

Mortgage loans will be squeezed as lenders reduce number of products

Mortgage lenders will start to slash the availability of competitive mortgage products, loans and other credit during the coming weeks despite consumer demand.

Banks have informed the Bank of England that the supply of credit will fall this summer due to coronavirus pressures.

This will be a blow to the UK economy, the housing market house buyers who need to borrow.

The credit ‘crunch’ could mirror the position a decade ago after the financial crisis of 2008, although this recession has not been caused by a banking crisis.

The financial downturn led to a withdrawal of loans and mortgage products for first-time buyers and buy-to-let investors.

Lenders have already started taking a cautious approach to offering home loans, which is understandable in the current market where borrowers face uncertainty over their jobs and income. Lenders fear the number of borrowers defaulting on repayments could rise again.

There is only one 2-year fixed-rate mortgage deal for borrowers with a 5% deposit, compared with 137 before the coronavirus crisis, according to Moneyfacts.

For those with larger deposits, there is more choice, but the rates and fees have gone up, despite record low interest rates.

Is it still worth investing in buy-to-let property?

Investment in buy-to-let properties can still be profitable when done professionally. However, there are still many other opportunities to make money in property without the need for buy-to-let mortgages, large deposits or high rates of tax. 

Other articles available at Money Tips Podcast - www.moneytipsdaily.com

• Mortgages will become more difficult to obtain with less products

• Mortgages are more expensive and less competitive fixed rate offers

• Demand for new mortgages is down say lenders due to lockdown

• Government planning CGT ‘tax grab’ on buy-to-let property investors 

• “No DSS” tenant blanket ban by buy-to-let landlords ruled ‘unlawful’ by Judge

• UK economy grew by 1.8% in May, 24.5% smaller than it was in ONS reports

• UK's mobile providers will be banned from buying new Huawei 5G equipment

• Singapore’s economy plunged by 41% in the last quarter the largest fall ever

• Nationwide now lending 90% for first time buyers reversing previous change

• Stamp Duty slashed until 31 March 2021 by raising the threshold to 500,000

• Chancellor Rishi Sunak keen to boost the property market and “build build build”

• New planning rules will open up more opportunities to make money in property

• Opportunity is everywhere for everyone, especially in property! But you have ACT! 

• Even the 'Secret law of attraction' requires you to get off your ass and TAKE ACTION!

• Homeowners will get vouchers of up to £5,000 for energy-saving improvements

• The poorest will receive up to £10,000 in £2 billion energy saving grant scheme

• Will your job be one of millions phased out by automation, innovation and AI?

• You don’t need your own money to create a second income in property 

• Time to your economy or Uconomy started whatever the economy is doing!

• You can create a second income during the lockdown…and come out stronger

• Learn how to make money from property without deposits, mortgages or cash

Millions of people face a bleak future post-Coronavirus lockdown, as businesses disappear and the job furlough scheme eventually comes to an end. However, life doesn’t have to end because of lockdown! You can join thousands of ordinary people who have increased their income and added streams of new income during this period. 

Are you ready to adapt to the new economic model?

As lockdown restrictions around the world are being eased, the economic model has subtly changed forever. How will you adapt to this new way of working and running a business, what obstacles and opportunities lies ahead? Will you be a participant or spectator in this revolution? 

By Charles Kelly, Property Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast.

There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.

If you’d like further information on how to survive the crisis and even quit the rat race, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com

The UK Treasury has launched a “review” of the capital gains tax system to "ensure the system is fit for purpose", the BBC reports.

Some experts are warning of "a tax grab" in the autumn to pay towards the multi-billion-pound cost of Coronavirus measures, such as the furlough scheme.

The Chancellor, Rishi, Sunak asked the Office of Tax Simplification to investigate how capital gains are taxed for both individuals and smaller businesses.

"This review should identify opportunities relating to administrative and technical issues as well as areas where the present rules can distort behaviour or do not meet their policy intent," the chancellor said.

"I would be interested in any proposals from the OTS on the regime of allowances, exemptions, reliefs and the treatment of losses within CGT, and the interactions of how gains are taxed compared to other types of income." Source: BBC.

CGT is a tax on profits, which hits business owners, as well as millions of share and property investors.

Rishi Sunak specifically mentions reliefs and losses, which can currently be offset against profits and carried forward to future years. This could change and lead to higher tax bills for investors who risk their money and work hard to earn profits.

Capital gains are taxed at a lower level than income, so there's a risk that the chancellor will use the current crisis and deficit to justify a hike in CGT to income tax levels.

CGT rates are set at 10% for basic-rate taxpayers and 20% for higher and additional-rate taxpayers, or at 18% and 28% where gains relate to residential property.

CGT is basically a tax on the gain a property investor makes when they risk their money. This is in addition to the income tax they pay and any other taxes like stamp duty and land registry fees. 

Previous Chancellors have a habit of grabbing money from the estimated two million buy-to-let property investors, many of whom have a small number of properties which they plan to use to supplement their pensions.

Buy-to-let investors have already lost a number of reliefs, for instance on mortgage interest and wear and tear allowance, and are paying higher taxes thanks to multi-millionaire ‘six jobs’ George Osborne’s raid on soft targets.

Business owners spend years building up their businesses, working long hours often for little or no pay, only to be taxed on the profits when they sell up or retire.

Is it still worth investing in buy-to-let property, as judge bans “No DSS” tenant policy?

A District Judge has ruled that blanket bans on renting properties to people on housing benefit are unlawful and discriminatory.

The court ruling found a single mother-of-two had experienced indirect discrimination when a letting agent refused to rent to her.

She ended up homeless with her two children, when her case was taken on by housing charity Shelter.

The judge ruled "No DSS" rental bans are against equality laws.

District Judge Victoria Mark heard this latest case in York County Court on 1 July, and ruled: "Rejecting tenancy applications because the applicant is in receipt of housing benefit was unlawfully discriminating on the grounds of sex and disability" and contrary to the Equality Act 2010, she said.

People deserve a home but that doesn’t mean everyone has a “right” to rent home in the private sector. Landlords must also be able to choose who they want to take on as a tenant. I have current experience with both private and benefit tenants with mixed results. 

The LHA rates in some areas are simply not competitive or equivalent to the open market rate and dealing with benefit claims is a steep learning curve for landlords. Deposits and upfront rent can also be an issue.

The rates paid to landlords are also confusing and differ according to age. Is that not age discrimination?

The private sector should not have to pick up the pieces for the failures of successive governments to build enough social housing. There has been no major council house building programme since the 1970’s.

The last major town to be built with proper infrastructure and rail transport links was Milton Keynes which, along with other new towns, was planned in the 1960’s.

Councils can build more social housing and borrow at low rates, but many choose not to. 

I'm not sure if a ruling by a District Judge in a County Court is binding in law. If it is binding, it will be a further example of ‘red tape’, costs and legislation for private landlords, many of whom feel like they are swimming against the tide in the buy-to-let market.

Investment in buy-to-let properties can still be profitable when done professionally. However, there are still many other opportunities to make money in property without the need for buy-to-let mortgages, large deposits or high rates of tax. 

Other articles available at Money Tips Podcast - www.moneytipsdaily.com

• “No DSS” tenant blanket ban by buy-to-let landlords ruled ‘unlawful’ by Judge

• UK economy grew by 1.8% in May, 24.5% smaller than it was in ONS reports

• UK's mobile providers will be banned from buying new Huawei 5G equipment

• Singapore’s economy plunged by 41% in the last quarter the largest fall ever

• Nationwide now lending 90% for first time buyers reversing previous change

• Stamp Duty slashed until 31 March 2021 by raising the threshold to 500,000

• Chancellor Rishi Sunak keen to boost the property market and “build build build”

• New planning rules will open up more opportunities to make money in property

• Opportunity is everywhere for everyone, especially in property! But you have ACT! 

• Even the 'Secret law of attraction' requires you to get off your ass and TAKE ACTION!

• Homeowners will get vouchers of up to £5,000 for energy-saving improvements

• The poorest will receive up to £10,000 in £2 billion energy saving grant scheme

• Will your job be one of millions phased out by automation, innovation and AI?

• You don’t need your own money to create a second income in property 

• Time to your economy or Uconomy started whatever the economy is doing!

• You can create a second income during the lockdown…and come out stronger

• Learn how to make money from property without deposits, mortgages or cash

Millions of people face a bleak future post-Coronavirus lockdown, as businesses disappear and the job furlough scheme eventually comes to an end. However, life doesn’t have to end because of lockdown! You can join thousands of ordinary people who have increased their income and added streams of new income during this period. 

Are you ready to adapt to the new economic model?

As lockdown restrictions around the world are being eased, the economic model has subtly changed forever. How will you adapt to this new way of working and running a business, what obstacles and opportunities lies ahead? Will you be a participant or spectator in this revolution? 

By Charles Kelly, Property Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast.

There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.

If you’d like further information on how to survive the crisis and even quit the rat race, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com

E-Commerce Cashflow
19th July, 2020
7:00 PM (UK)

Learn how to...
Build a profitable e-commerce business in less than 90 days.
Replace your income in months.
Help get the products to people that they need the most.
Be able to spend more time doing what you love, with the people you love.

Join the free training here: https://bit.ly/3gLXaKW

The UK central bank had revised forecast, but predicts that recovery will take longer than previously expected.

Other articles available at Money Tips Podcast - www.moneytipsdaily.com

Millions of people face a bleak future post-Coronavirus lockdown, as businesses disappear and the job furlough scheme eventually comes to an end. However, life doesn’t have to end because of lockdown! You can join thousands of ordinary people who have increased their income and added streams of new income during this period.

Are you ready to adapt to the new economic model?

As lockdown restrictions around the world are being eased, the economic model has subtly changed forever. How will you adapt to this new way of working and running a business, what obstacles and opportunities lies ahead? Will you be a participant or spectator in this revolution?

By Charles Kelly, Property Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast.

There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.

If you’d like further information on how to survive the crisis and even quit the rat race, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com

Would you like to get into property but don’t have much cash?

Some friends of mine are running a special ‘no money down property’ training event to teach you how to buy property using OPM – OTHER PEOPLE’S MONEY….

9th - 12th August

NO MONEY DOWN 4 DAY EVENT

19:00 - 21:00 PM

4 Day No Money Down Event - Webinar description:

4 Evenings. 4 Strategies. Endless Opportunities. The current turbulence we are going through is affecting almost everyone, especially when it comes to finances and job security, perhaps that's you too?

But what if there was a way to secure your future income, sack the boss and escape the 9-5?

Well at Progressive we have the solutions, we want to equip you with all the skills to gain a steady and reliable cash flow without investing every penny you have.

How is this possible?

We have bought together 4 expert trainers in property and business investing for 4 evening web classes to show you all the opportunities that are within your reach...

Right now, we understand that risks aren't something that everyone wants to do, so, instead we will be showing you that you do not have to put your life saving into something to make it a success!

These strategies can provide a ‘win win’ for both parties and give everyone peace of mind, whilst building up your bank balance and your business reputation.

Join here - https://bit.ly/3gwDvi9

https://progressivesuccess.online/no-money-down-week-2020-offers/amb1927

A District Judge has ruled that blanket bans on renting properties to people on housing benefit are unlawful and discriminatory.

The "momentous" court ruling found a single mother-of-two had experienced indirect discrimination when a letting agent refused to rent to her.

She ended up homeless with her two children, when her case was taken on by housing charity Shelter.

The judge ruled "No DSS" rental bans are against equality laws.

District Judge Victoria Mark heard this latest case in York County Court on 1 July, and ruled: "Rejecting tenancy applications because the applicant is in receipt of housing benefit was unlawfully discriminating on the grounds of sex and disability" and contrary to the Equality Act 2010, she said.

People deserve a home but that doesn’t mean everyone has a “right” to rent home in the private sector. Landlords must also be able to choose who they want to take on as a tenant. I have current experience with both private and benefit tenants with mixed results. 

The LHA rates in some areas are simply not competitive or equivalent to the open market rate and dealing with benefit claims is a steep learning curve for landlords. Deposits and upfront rent can also be an issue.

The rates paid to landlords are also confusing and differ according to age. Is that not age discrimination?

The private sector should not have to pick up the pieces for the failures of successive governments to build enough social housing. There has been no major council house building programme since the 1970’s.

The last major town to be built with proper infrastructure and rail transport links was Milton Keynes which, along with other new towns, was planned in the 1960’s.

Councils can build more social housing and borrow at low rates, but many choose not to. 

I'm not sure if a ruling by a District Judge in a County Court is binding in law. If it is binding, it will be a further example of ‘red tape’, costs and legislation for private landlords, many of whom feel like they are swimming against the tide in the buy-to-let market.

Investment in buy-to-let properties can still be profitable when done professionally. However, there are still many other opportunities to make money in property without the need for buy-to-let mortgages, large deposits or high rates of tax. 

Other article available at Money Tips Podcast - www.moneytipsdaily.com

• UK economy grew by 1.8% in May, slower than expected 

• UK economy is now 24.5% smaller than it was in February, the ONS reports

• UK's mobile providers will be banned from buying new Huawei 5G equipment

• Singapore’s economy plunged by 41% in the last quarter the largest fall ever

• Nationwide now lending 90% for first time buyers reversing previous change

• Stamp Duty slashed until 31 March 2021 by raising the threshold to 500,000

• Chancellor Rishi Sunak keen to boost the property market and “build build build”

• New planning rules will open up more opportunities to make money in property

• Opportunity is everywhere for everyone, especially in property! But you have ACT! 

• Even the 'Secret law of attraction' requires you to get off your ass and TAKE ACTION!

• Homeowners will get vouchers of up to £5,000 for energy-saving improvements

• The poorest will receive up to £10,000 in £2 billion energy saving grant scheme

• Will your job be one of millions phased out by automation, innovation and AI?

• You don’t need your own money to create a second income in property 

• Time to your economy or Uconomy started whatever the economy is doing!

• You can create a second income during the lockdown…and come out stronger

• Learn how to make money from property without deposits, mortgages or cash

Millions of people face a bleak future post-Coronavirus lockdown, as businesses disappear and the job furlough scheme eventually comes to an end. However, life doesn’t have to end because of lockdown! You can join thousands of ordinary people who have increased their income and added streams of new income during this period. 

Are you ready to adapt to the new economic model?

As lockdown restrictions around the world are being eased, the economic model has subtly changed forever. How will you adapt to this new way of working and running a business, what obstacles and opportunities lies ahead? Will you be a participant or spectator in this revolution? 

By Charles Kelly, Property Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast.

There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.

If you’d like further information on how to survive the crisis and even quit the rat race, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com

E-Commerce Cashflow
19th July, 2020
7:00 PM (UK)

Learn how to...
Build a profitable e-commerce business in less than 90 days.
Replace your income in months.
Help get the products to people that they need the most.
Be able to spend more time doing what you love, with the people you love.

Join the free training here: https://bit.ly/3gLXaKW

British MPs are urging the government to intervene and help 170,000 "prisoners" who are trapped it mortgages with high interest rates.

Many of the borrowers are lower paid frontline workers, like nurses and hospital workers, who have no choice but to pay up to double the interest they would be charged on a normal competitive mortgage.

They cannot re-mortgage to a cheaper deal offered by other lenders due to stricter affordability rules brought in by the Bank of England after they borrowed the money.

MPs are now calling on the government to order regulators to investigate the profits firms make from the borrowers.

They want the Competition and Markets Authority (CMA) and the Financial Conduct Authority (FCA) to consult and introduce a cap on so-called “standard variable rates”, which will help all borrowers coming out of fixed or discount rate mortgage deals.

Hundreds of thousands of borrowers are unable switch mortgages because their loan is too high against the value of their home or because they are now too old to re-mortgage. This leaves them at the mercy of their lender which can legally charge whatever rate they like.

The FCA reformed the affordability rules last October to allow lenders to help mortgage prisoners with cheaper home loans, but no lenders have changed their criteria.

Borrowers with bankrupt lenders, such as the Northern Rock, are prisoners to the new owners who are neither offering competitive products or looking after their borrowers.

Some borrowers have been paying between 6% and 9%pa after coming off initial fixed rates several years ago.

Self-employed have only days left to apply for government grant phase 1.

If you’re eligible and your business has been adversely affected you must make your claim for the first grant on or before 13 July 2020.

This scheme is being extended. If you’re eligible for the second and final grant, and your business has been adversely affected on or after 14 July 2020 you’ll be able to make a claim from 17 August 2020. You can make a claim for the second grant if you’re eligible, even if you did not make a claim for the first grant. Find out more about the extension to the scheme. 

Apply here: https://www.gov.uk/guidance/claim-a-grant-through-the-coronavirus-covid-19-self-employment-income-support-scheme#extension

In this Money Tips Podcast episode:

• Nationwide starts lending again to riskier home buyers

• Travellers arriving in the UK from dozens of countries no longer need to self-isolate 

• Rules relaxed for arrivals from more than 70 countries and British overseas territories

• Beauty salons and “open air gyms” allowed to reopen with more reopening to follow

• Eat out to help out meal deal scheme launches in August to help hospitality sector

• Stamp Duty slashed until 31 March 2021 by raising the threshold to 500,000

• Chancellor Rishi Sunak keen to boost the property market and “build build build”

• New planning rules will open up more opportunities to make money in property

• Opportunity is everywhere for everyone, especially in property! But you have ACT! 

• Even the 'Secret law of attraction' requires you to get off your ass and TAKE ACTION!

• Homeowners will get vouchers of up to £5,000 for energy-saving improvements

• The poorest will receive up to £10,000 in £2 billion energy saving grant scheme

• Will your job be one of millions phased out by automation, innovation and AI?

• You don’t need your own money to create a second income in property 

• Time to your economy or Uconomy started whatever the economy is doing!

• You can create a second income during the lockdown…and come out stronger

• Learn how to make money from property without deposits, mortgages or cash

Millions of people face a bleak future post-Coronavirus lockdown, as businesses disappear and the job furlough scheme eventually comes to an end. However, life doesn’t have to end because of lockdown! You can join thousands of ordinary people who have increased their income and added streams of new income during this period. 

Are you ready to adapt to the new economic model?

As lockdown restrictions around the world are being eased, the economic model has subtly changed forever. How will you adapt to this new way of working and running a business, what obstacles and opportunities lies ahead? Will you be a participant or spectator in this revolution? 

By Charles Kelly, Property Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast.

There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.

If you’d like further information on how to survive the crisis and even quit the rat race, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com

E-Commerce Cashflow
19th July, 2020
7:00 PM (UK)

Learn how to...
Build a profitable e-commerce business in less than 90 days.
Replace your income in months.
Help get the products to people that they need the most.
Be able to spend more time doing what you love, with the people you love.

Join the free training here: https://bit.ly/3gLXaKW

The UK housing market is rebounding fast after a tax cut by the Chancellor Rishi Sunak, according to the property website Rightmove.

The number of sales agreed in England soared by 35% in the five days following Rishi Sunak's announcement on July 8, Rightmove said.

The property market was showing signs of recovery, from a low in April, with agreed sales in England up 15% in June. 

Sunak raised the threshold for paying the stamp duty tax on property purchases up to £500,000 until March 31, 2020.

Rightmove added that asking prices rose by 3.7% between June and July, with Estate Agents reporting increased interest and a shortage of property for sale.

However, mortgage lenders Nationwide and Halifax reported falls in house prices and mortgage approvals which slumped to the lowest on record in May, according to Bank of England data.

Rightmove said buyer enquiries across the UK since the start of July leapt by 75%. 

Last week, Andrew Bailey, the Governor of the Bank of England, said there were signs of activity returning "quite strongly" in the housing market.

During the lockdown visits to Rightmove's website fell by 40% and most agents were closed for business.

The news comes at a time when hardly a day goes by without another announcement of redundancies and losses by a major employer. As many as 9 million workers are still on furlough and the OBR said unemployment could reach 4 million if the economy does not bounce back quickly.

Mortgage shortage coming as lenders start to tighten their belts, due to Coronavirus

Mortgage loans are being squeezed as lenders reduce number of products

Banks have informed the Bank of England that the supply of credit will fall this summer due to coronavirus pressures.

Lenders are taking a cautious approach to offering home loans, which is understandable in the current market where borrowers face uncertainty over their jobs and income. Lenders fear the number of borrowers defaulting on repayments could rise again.

Borrowers are reporting long delays in getting mortgages agreed and processed as lenders deal with backlogs.

Is it still worth investing in buy-to-let property?

Investment in buy-to-let properties can still be profitable when done professionally. However, there are still many other opportunities to make money in property without the need for buy-to-let mortgages, large deposits or high rates of tax. 

Other articles available at Money Tips Podcast - www.moneytipsdaily.com

• Mortgages will become more difficult to obtain with less products

• Mortgages are more expensive and less competitive fixed rate offers

• Demand for new mortgages is down say lenders due to lockdown

• Government planning CGT ‘tax grab’ on buy-to-let property investors 

• “No DSS” tenant blanket ban by buy-to-let landlords ruled ‘unlawful’ by Judge

• UK economy grew by 1.8% in May, 24.5% smaller than it was in ONS reports

• UK's mobile providers will be banned from buying new Huawei 5G equipment

• Singapore’s economy plunged by 41% in the last quarter the largest fall ever

• Nationwide now lending 90% for first time buyers reversing previous change

• Stamp Duty slashed until 31 March 2021 by raising the threshold to 500,000

• Chancellor Rishi Sunak keen to boost the property market and “build build build”

• New planning rules will open up more opportunities to make money in property

• Opportunity is everywhere for everyone, especially in property! But you have ACT! 

• Even the 'Secret law of attraction' requires you to get off your ass and TAKE ACTION!

• Homeowners will get vouchers of up to £5,000 for energy-saving improvements

• The poorest will receive up to £10,000 in £2 billion energy saving grant scheme

• Will your job be one of millions phased out by automation, innovation and AI?

• You don’t need your own money to create a second income in property 

• Time to your economy or Uconomy started whatever the economy is doing!

• You can create a second income during the lockdown…and come out stronger

• Learn how to make money from property without deposits, mortgages or cash

Millions of people face a bleak future post-Coronavirus lockdown, as businesses disappear and the job furlough scheme eventually comes to an end. However, life doesn’t have to end because of lockdown! You can join thousands of ordinary people who have increased their income and added streams of new income during this period. 

Are you ready to adapt to the new economic model?

As lockdown restrictions around the world are being eased, the economic model has subtly changed forever. How will you adapt to this new way of working and running a business, what obstacles and opportunities lies ahead? Will you be a participant or spectator in this revolution? 

By Charles Kelly, Property Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast.

There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.

If you’d like further information on how to survive the crisis and even quit the rat race, email me at [email protected] or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com