We recently spent a whole day talking property with a couple of hundred people who attended our Discovery Day. Time and time again we are reminded that people don't know much - or even anything - about our other businesses, RMP Property and Yellow Lettings, and it was great to meet and share information with many of you. Watch this space for future Discovery Day dates...
This week we're looking at mindset, and how biases can lead you down a certain path which could result in decisions which are not optimal for your property investments. We discuss how to be aware of these biases, backed up with plenty of examples, and provide very actionable ways to fix them.
We'd encourage you to pair this episode with our previous podcast on mindset.
We know that mindset can make a huge difference to your success as an investor... but listening to a podcast once isn't enough! These are things you have to work on constantly.
A highly recommended read, which nicely ties in with this episode is Tony Robbins' latest book: Unshakeable: Your Guide to Financial Freedom
What do you make of Rob & Rob's musings on mindset? Head over to the forum to discuss in more detail here.
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It's time for another couple of questions in this week's edition of 'Ask Rob & Rob' Sam and Barnaby...
...ask Rob & Rob...What are the advantages of being a cash buyer? PLUS: How do I finance a flip?
ASK YOUR OWN QUESTION TO ROB & ROB!
Don't be shy! All you need to do is leave a message with your name and whatever's on your mind.
Just pick up the phone and call 013 808 00035 (normal UK call rates apply).
Or if you prefer, click here to leave a recording via your computer instead.
The Property Hub Summit is the place to get all your questions personally answered by Rob & Rob, and build a network of other smart, motivated investors.
Over the course of a full day at a swanky hotel we'll help you set your goals, form a plan to get you there, overcome your obstacles, and give you the support system you need to make sure nothing gets in your way.
Just don't hang around - there are only four Summits each year, and just 16 places available at each!
Interested? Click here to find out more.
This week we have been busy putting the finishing touches to the next issue of The Property Hub Magazine, which is looking fantastic. We've also been planning the details for the new and improved Property Hub Summits which we will give you more details on very soon.
The topic this week is how to predict future property prices and we've used lots of historical data in order to help us forecast what the next few years may have in store for the property market in the UK.
If you'd like to take a look at the data we used for our research then check out The Nationwide price index, you may also wish to refer to our earlier episode on The 18 year Property Cycle - and we are working on the belief that the last cycle started after the crash in 1989 and ran for (would you believe it) 18 years to 2007. We looked at London vs the Northwest and Yorkshire & Humberside (The modern day Northern Powerhouse).
We made some surprising discoveries and if you listen to the podcast in full, you will be able to hear our take on what is likely to happen next and most importantly, how you should prepare and protect your investments for the next few years.
Broadstairs in Kent has been identified as Britain's top seaside property hotspot in 2017, you can find out more about the top seaside investment locations here.
LiveYield was suggested from one of our listeners (sorry, we don't have your name to hand!), and this takes data from Zoopla and uses it to tell you how different areas are performing. One note though - it is automated, so use with some caution.
What do you make of Rob & Rob's findings? Head over to the forum to discuss in more detail here.
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It's time for another couple of questions in this week's edition of 'Ask Rob & Rob' Noel and Tory...
...ask Rob & Rob...How can I protect myself when buying off-plan? PLUS: Why is tax not included in deal assessment calculations?
ASK YOUR OWN QUESTION TO ROB & ROB!
Don't be shy! All you need to do is leave a message with your name and whatever's on your mind.
Just pick up the phone and call 013 808 00035 (normal UK call rates apply).
Or if you prefer, click here to leave a recording via your computer instead.
The Property Hub Summit is the place to get all your questions personally answered by Rob & Rob, and build a network of other smart, motivated investors.
Over the course of a full day at a swanky hotel we'll help you set your goals, form a plan to get you there, overcome your obstacles, and give you the support system you need to make sure nothing gets in your way.
Just don't hang around - there are only four Summits each year, and just 16 places available at each!
Interested? Click here to find out more.
This week we're focussing on a topic discussed regularly - what's happening to the London property market?
So, what's happened over the last 8 years?
What’s happening now?
What have we learned from the London property market?
Want to take a further look at all the data? We got a lot of our information from the following links:
We've heard quite a bit about Vida in the past few weeks, and their proposition seems to be pretty good. If you're an ex-pat investor, you may want to check them out. Read more here.
Make your clipboard work harder! This keeps your clipboard history which is a huge time saver. Check out Jumpcut for Mac, Clipboard History 2 for Chrome, or this option for Windows.
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It's time for another couple of questions in this week's edition of 'Ask Rob & Rob'. Alex and Neil...
...ask Rob & Rob...Should I invest £100k in London or elsewhere? PLUS: Can I challenge these letting agency fees?
ASK YOUR OWN QUESTION TO ROB & ROB!
Don't be shy! All you need to do is leave a message with your name and whatever's on your mind.
Just pick up the phone and call 013 808 00035 (normal UK call rates apply).
Or if you prefer, click here to leave a recording via your computer instead.
The Property Hub Summit is the place to get all your questions personally answered by Rob & Rob, and build a network of other smart, motivated investors.
Over the course of a full day at a swanky hotel we'll help you set your goals, form a plan to get you there, overcome your obstacles, and give you the support system you need to make sure nothing gets in your way.
Just don't hang around - there are only four Summits each year, and just 16 places available at each!
Interested? Click here to find out more.
So we're pretty sure we're not breaking news here, but there was an election last week. The results have been interesting to say the least, but what does it all mean from an investment perspective?
Listen to this week's podcast in full to get the low down from Rob & Rob on what this new parliament means for you.
Insight Timer is the top rated free meditation app on android and iOS stores.
Reviews are really important in helping other people to find the show, so by way of thanks we read out every single review we receive on air.
If you’d like to hear your name on the show, leave us a review on iTunes here.
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It's time for another couple of questions in this week's edition of 'Ask Rob & Rob'. Two listeners...
...ask Rob & Rob...How does Birmingham rate as an investment location? PLUS: How do I find a property mentor?
ASK YOUR OWN QUESTION TO ROB & ROB!
Don't be shy! All you need to do is leave a message with your name and whatever's on your mind.
Just pick up the phone and call 013 808 00035 (normal UK call rates apply).
Or if you prefer, click here to leave a recording via your computer instead.
The Property Hub Summit is the place to get all your questions personally answered by Rob & Rob, and build a network of other smart, motivated investors.
Over the course of a full day at a swanky hotel we'll help you set your goals, form a plan to get you there, overcome your obstacles, and give you the support system you need to make sure nothing gets in your way.
Just don't hang around - there are only four Summits each year, and just 16 places available at each!
Interested? Click here to find out more.
Don't blame us for the ever so slightly sensationalist title this week, blame Moneyweek who covered this recently (thanks to James Watters for the heads-up on this one).
Rather dramatically Moneyweek say:
“Like a vast pyramid scheme, the UK housing market has been defying the reality of low wage growth and productivity, worsening affordability"
and..
“When a rocket runs out of fuel it continues to rise before plunging earthwards. This is where we seem to be now."
Goodness!
Listen in full to get Rob & Rob's take on this one - do you think the Moneyweek argument could be flawed at all? Surely not?!
The Great Suspender (yes, we love the name too) is a Chrome add-on which automatically suspends unused tabs to free up system resources.
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This week we get political on The Podcast and launch a brand new course over on The Property Hub! Exciting times.
We've read the housing issues in the manifestos so that you don't have to. Find out what the Conservative, Labour and Lib Dem policies on housing are, and how these might impact you. Of course, housing is only part of the reason you choose who to vote for, but we're focussing solely on this topic.
How To Invest When You Have No Time - is now online! Take a look here.
You’ll learn:
Get along to one of The Property Hub Meetups this evening. There are around 40 locations to choose from including new groups in Doncaster, Stoke-On-Trent, and Stockholm. Find your nearest get together and register for a free ticket.
Noisli claims to help improve focus, block out annoying noises and get into the zone that works for you. Sounds good? Try it here.
Reviews are really important in helping other people to find the show, so by way of thanks we read out every single review we receive on air.
If you’d like to hear your name on the show, leave us a review on iTunes here.
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It's time for another couple of questions in this week's edition of 'Ask Rob & Rob'. Two listeners...
...ask Rob & Rob...What are the pros and cons of buying without a mortgage? PLUS: How do you invest in areas where you don't live?
ASK YOUR OWN QUESTION TO ROB & ROB!
Don't be shy! All you need to do is leave a message with your name and whatever's on your mind.
Just pick up the phone and call 013 808 00035 (normal UK call rates apply).
Or if you prefer, click here to leave a recording via your computer instead.
The Property Hub Summit is the place to get all your questions personally answered by Rob & Rob, and build a network of other smart, motivated investors.
Over the course of a full day at a swanky hotel we'll help you set your goals, form a plan to get you there, overcome your obstacles, and give you the support system you need to make sure nothing gets in your way.
Just don't hang around - there are only four Summits each year, and just 16 places available at each!
Interested? Click here to find out more.
This week we're looking at how your age should change your investment strategy. And we're roping in a host of colourful and well known characters to explain things.
Are you a Wild William, a Sensible Sam, a Make it Back Marge, a Planning Pete or an Income Ingrid? Listen to find out, then head over to the forum to discuss in more detail.
It’s back! We have a brand new Discovery Day coming your way on Saturday 24th June in central London. This is your chance to learn all about our other property companies - RMP Property and Yellow Lettings. You’ll also find out exactly what our expert-led RMP Strategy Meeting entails and how it can help you achieve your property goals.
And the discovery doesn’t stop there! We’ll have a panel of mortgage and conveyancing experts on hand to answer all of your burning questions. You’ll have the opportunity to network with other property enthusiasts.
Plus every single penny of your £5 entrance fee will be donated to the Whitechapel Centre - a fantastic charity that helps the homeless.
Grab your tickets here before they’re all gone - choose from either the morning or afternoon session, whichever suits you best.
We’ll even throw in the tea and biscuits!
It's almost time for this month's Property Hub Meetups, including new locations in Doncaster, Stoke-On-Trent, and Stockholm. Find your nearest get together and register for a free ticket.
This is another good news story but for how long - we don't know! Get the scoop on this one here.
Geeky Grahams out there will love this one. Propertydata.co.uk - be prepared to lose a few hours of your life checking out this one.
Reviews are really important in helping other people to find the show, so by way of thanks we read out every single review we receive on air.
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Some people moan all the time. It’s making life worse for them and everyone around them – you need to realise if you’re a complainer, and if you are you can do something about it!
When you're complaining:
Rob and Rob talk about how changing your mindset can make a big difference.
This is good news for landlords - councils won’t be able to drag out Section 21 procedures. Take a look at the link here.
Whenever you give on DonorSee, you get to see exactly where your money goes via their aid workers who take pictures and videos of your money making an impact. Find out more here.
Reviews are really important in helping other people to find the show, so by way of thanks we read out every single review we receive on air.
If you’d like to hear your name on the show, leave us a review on iTunes here.
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Okay so this sounds like it could be a bit of a click bait podcast episode but we promise you it's not. This is a really important one, and you won't want to miss out.
Find out why an influx of overseas investment in the northern cities will start a boom due to the resulting supply and demand issue.
Hear from Rob B how deals are going straight to investors in the far east, where they can be sold off-plan at full price in a matter of weeks. And Rob D will tell you how this rings some bells of familiarity for pre-2008 property in London.
London is dropping like a stone but Manchester is hitting a twelve year high. Read more here.
Do your research before you head to that meeting. Okay, this does sound like it could be slightly creepy but this app will research your potential contact thoroughly and give you the results. We haven't used this yet, so let us know what you think.
How does the prospect of the boom make you feel?
Reviews are really important in helping other people to find the show, so by way of thanks we read out every single review we receive on air.
If you’d like to hear your name on the show, leave us a review on iTunes here.
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It's time for another couple of questions in this week's edition of 'Ask Rob & Rob'. Two listeners...
...ask Rob & Rob...How can two valuations be so far apart? PLUS: Is a digital tenancy agreement legal?
ASK YOUR OWN QUESTION TO ROB & ROB!
Don't be shy! All you need to do is leave a message with your name and whatever's on your mind.
Just pick up the phone and call 013 808 00035 (normal UK call rates apply).
Or if you prefer, click here to leave a recording via your computer instead.
The Property Hub Summit is the place to get all your questions personally answered by Rob & Rob, and build a network of other smart, motivated investors.
Over the course of a full day at a swanky hotel we'll help you set your goals, form a plan to get you there, overcome your obstacles, and give you the support system you need to make sure nothing gets in your way.
Just don't hang around - there are only four Summits each year, and just 16 places available at each!
Interested? Click here to find out more.
First of all we celebrate the huge success of Rob D's book launch last week Thank you to everyone who supported the book so brilliantly, it is hugely appreciated! Keep spreading the word to anyone you think will find it useful.
It's Meetup night tonight - the perfect opportunity to talk property with people who are as geekily obsessed as yourself. Check out all the details here.
This week in The Property Podcast we look at alternatives to the standard BTL such as crowdfunding (in a couple of different ways), hotel rooms, student accommodation, ground rents.
If you enjoy this topic you will also want to check out this earlier episode with Pete Matthews.
In a word, not very much. But you can read the article in full here and of course we will keep you all up to date with any news on this over the coming weeks.
Thanks to Matt in Dubai for this resource, which is an app called Measure Your Land.
It really is super easy to use and brings up a Google Earth aerial view of an area/plot you are looking at. Very useful for research proposes!
Have you ordered your copy of the book? What is your must-add tip that you would include on How to be a Landlord?
Let us know and join the conversation over in the forum!
Reviews are really important in helping other people to find the show, so by way of thanks we read out every single review we receive on air.
If you’d like to hear your name on the show, leave us a review on iTunes here.
Not sure how to leave a review? This video shows you how to review and subscribe on iTunes.
It's time for another couple of questions in this week's edition of 'Ask Rob & Rob'. Two listeners...
...ask Rob & Rob...One property or two? PLUS: How do I build these flats? PLUS: What's the impact of a falling lease term?
ASK YOUR OWN QUESTION TO ROB & ROB!
Don't be shy! All you need to do is leave a message with your name and whatever's on your mind.
Just pick up the phone and call 013 808 00035 (normal UK call rates apply).
Or if you prefer, click here to leave a recording via your computer instead.
The Property Hub Summit is the place to get all your questions personally answered by Rob & Rob, and build a network of other smart, motivated investors.
Over the course of a full day at a swanky hotel we'll help you set your goals, form a plan to get you there, overcome your obstacles, and give you the support system you need to make sure nothing gets in your way.
Just don't hang around - there are only four Summits each year, and just 16 places available at each!
Interested? Click here to find out more.
It's time for another couple of questions in this week's edition of 'Ask Rob & Rob'. This week Rob (yes, another one) and Daniel...
...ask Rob & Rob...One property or two? PLUS: Selling a property within 6 months
The Robs give their take on these topics. What do you think? Head over to the forum to discuss.
ASK YOUR OWN QUESTION TO ROB & ROB!
Don't be shy! All you need to do is leave a message with your name and whatever's on your mind.
Just pick up the phone and call 013 808 00035 (normal UK call rates apply).
Or if you prefer, click here to leave a recording via your computer instead.
The Property Hub Summit is the place to get all your questions personally answered by Rob & Rob, and build a network of other smart, motivated investors.
Over the course of a full day at a swanky hotel we'll help you set your goals, form a plan to get you there, overcome your obstacles, and give you the support system you need to make sure nothing gets in your way.
Just don't hang around - there are only four Summits each year, and just 16 places available at each!
Interested? Click here to find out more.
What makes the perfect rental property? This week The Robs give their tips on what to do and what to avoid, in order to create the ideal rental property for both you and your tenants.
What is more trouble than it's worth? What is an absolute essential? The Robs give you their take on how to make your property work for you and ensure it gets tenanted quickly and with no fuss.
In other news, we're putting the finishing touches to the next edition of the magazine, it will be with you very soon and includes and interview with Grand Designs presenter McCloud (yes, we're pretty excited about that too). PLUS there is a webinar coming up just for magazine subscribers which you will be very excited about, so watch this space.
Rob D has finally completed his new book 'How to be a Landlord' and we all think it's his best one to date. Keep an eye on your inbox for news on that very soon.
Now, back to the subject in hand this week - what do you need to do to create the ideal rental property?
Flooring:
- Good quality laminate is good for kitchens, bathrooms and high-traffic areas. Make sure it won’t easily rip or warp, don't skimp.
- Dark coloured carpets only! Good underlay makes cheap carpet feel thicker.
Walls:
- Paint straight onto plaster if you can
- Mainly white or very light grey paint – same colour and brand in every property
- Feature wall
- Water-resistant eggshell or acrylic paint in bathroom and kitchen
Bathrooms:
- Shower over bath rather than shower tray
- Electric shower so it’s not dependent on boiler
- If possible, second bathroom or at least another toilet so if one breaks it’s not an emergency
Kitchens:
- Replacing cupboard doors and work surface might be enough to make it look new
- Avoid integrated appliances. A
Gardens:
- Pave over as much as possible
- If you can convert some into driveway or parking, do.
Electrics:
- Plenty of plug sockets
- Maybe USB sockets
- Get an electrical safety check because will probably need one soon anyway
Safety:
- Hard-wired smoke alarms, carbon monoxide alarm in rooms with boiler and as appliances, heat detector in kitchen
Furnishing:
- Avoid as much as possible - including appliances if you can get away with it
General:
- Don’t impose your own taste! Keep it simple
- Don’t over-spec. Rental refurb is very different from a flip (or your own home)
- Be active in overseeing the project
There's no bad landlords round here of course, but this will definitely be a big issue for those who are not playing fair and by the rules. Can't be a bad thing, right? Absolutely, provided that it is correctly administered of course! Read more here.
So this week's resource of the week is commutefrom.com which helps you decide where to buy a house around London. It tells you which stations are within your preferred commute time of the central London station nearest to your work. It also tells you information like the average house prices, crime rates, and schools in the area. Clever stuff, huh?
What did we miss? Did you disagree with any points? What do you always make sure you do?
Let us know your take on this important subject and join the conversation over in the forum!
Reviews are really important in helping other people to find the show, so by way of thanks we read out every single review we receive on air.
If you’d like to hear your name on the show, leave us a review on iTunes here.
Not sure how to leave a review? This video shows you how to review and subscribe on iTunes.
It's time for another couple of questions in this week's edition of 'Ask Rob & Rob'. This week Abdul & Ivan...
...ask Rob & Rob...How do assisted sales work? PLUS: What should I be aware of with Build To Rent schemes?
The Robs give their take on these topics. What do you think? Head over to the forum to discuss.
ASK YOUR OWN QUESTION TO ROB & ROB!
Don't be shy! All you need to do is leave a message with your name and whatever's on your mind.
Just pick up the phone and call 013 808 00035 (normal UK call rates apply).
Or if you prefer, click here to leave a recording via your computer instead.
The Property Hub Summit is the place to get all your questions personally answered by Rob & Rob, and build a network of other smart, motivated investors.
Over the course of a full day at a swanky hotel we'll help you set your goals, form a plan to get you there, overcome your obstacles, and give you the support system you need to make sure nothing gets in your way.
Just don't hang around - there are only four Summits each year, and just 16 places available at each!
Interested? Click here to find out more.
Alastair prompted this week's podcast topic, and it's a very important one!
But what's been happening with The Robs this week? Rob D is putting the finishing touches to his new book which will be out on April 26th, we're all excited about this one as it is definitely needed.
The Robs will also be at the Meetups tonight - Rob B is stand in leader in King's Cross, but Rob D has travelled to Scotland to our rebooted Edinburgh Meetup. It's not too late to get your ticket to your local Meetup, and remember, there's zero selling, just good honest property chat over a few drinks.
Now on to this week's big topic - interest rates!
A brief history of interest rates
Why are rates so low?
How people misunderstand interest rates
What happens if rates go back to double-digits?
So how worried should we prepare for rates rising?
Conclusion
Billionaire Warren Buffet may not be known for his property investments but unsurprisingly he hasn't ignored property all together. He is well known for his long term approach to investment generally, and he's applied that same way of thinking to this property investment which has done amazingly well for him.
“Back Again?” is a Chrome extension that tracks how many times you’ve visited a page each day.
Good for helping you break habits or realise how addicted you are! Install it if you dare!
Do you worry about interest rates? What do you do to plan ahead for every eventuality?
Let us know your take on this important subject and join the conversation over in the forum!
Reviews are really important in helping other people to find the show, so by way of thanks we read out every single review we receive on air.
If you’d like to hear your name on the show, leave us a review on iTunes here.
Not sure how to leave a review? This video shows you how to review and subscribe on iTunes.
It's time for another couple of questions in this week's edition of 'Ask Rob & Rob'. This week two listeners...
...ask Rob & Rob...Do the Robs ever disagree? PLUS: Will the government changes mean fewer investors?
The Robs give their take on these topics. What do you think? Head over to the forum to discuss.
ASK YOUR OWN QUESTION TO ROB & ROB!
Don't be shy! All you need to do is leave a message with your name and whatever's on your mind.
Just pick up the phone and call 013 808 00035 (normal UK call rates apply).
Or if you prefer, click here to leave a recording via your computer instead.
The Property Hub Summit is the place to get all your questions personally answered by Rob & Rob, and build a network of other smart, motivated investors.
Over the course of a full day at a swanky hotel we'll help you set your goals, form a plan to get you there, overcome your obstacles, and give you the support system you need to make sure nothing gets in your way.
Just don't hang around - there are only four Summits each year, and just 16 places available at each!
Interested? Click here to find out more.
Some people think that Rob D isn’t a new builds kinda guy, this isn’t true. New builds are great for hands off investors, but you need to be aware of key points to be successful.
Why you would in invest
All new appliances and 10 year warranty - Ideal for hands off investors
BMV possibility if you buy in volume - learn more on buying BMV in our course here.
Tennant appeal - What would you lease a new car or an old car?
Buying process - No chain
Lower energy bills
Why you wouldn’t
Hard to add value - So not great for investors who want to be hands on
Can be hard to assess value in some situations where there are no direct comparables
Snagging
Other things to be aware of
Are they overpriced in the first place?
Time to let on a large new development?
City house price growth slows to 6.4%. Manchester is now the fastest growing city as London slips to 10th in growth rankings. Read all about it here.
Our Scottish Meetups are brilliant already but in April we are having a re-boot of our Edinburgh Meetup and we're sending Rob D to say hi. If you can make it, he would love to see you. You can book your completely free ticket to the Edniburgh Meetup on April 6th here.
If you can't make it to Edinburgh there is bound to be a Meetup near you anyway - you can find more details and links to book your tickets, right here.
Music to improve productivity and flow? Yes please. This is right up our street. You'll find the site purposefully simple and easy to use. I’ve been using the service for a little while, and it’s perfect for what it’s designed to do: Give you something to listen to while you get some work done. Check it out here.
Do you invest in new builds? Do you avoid them? Let us know why and join the conversation over in the forum!
Reviews are really important in helping other people to find the show, so by way of thanks we read out every single review we receive on air.
If you’d like to hear your name on the show, leave us a review on iTunes here.
Not sure how to leave a review? This video shows you how to review and subscribe on iTunes.
It's time for another couple of questions in this week's edition of 'Ask Rob & Rob'. This week's questions come from Drew & Matt who...
...ask Rob & Rob...What effect will the government white paper have on house prices? PLUS: How do you pay off an interest-only mortgage?
The Robs give their take on these topics. What do you think? Head over to the forum to discuss.
ASK YOUR OWN QUESTION TO ROB & ROB!
Don't be shy! All you need to do is leave a message with your name and whatever's on your mind.
Just pick up the phone and call 013 808 00035 (normal UK call rates apply).
Or if you prefer, click here to leave a recording via your computer instead.
The Property Hub Summit is the place to get all your questions personally answered by Rob & Rob, and build a network of other smart, motivated investors.
Over the course of a full day at a swanky hotel we'll help you set your goals, form a plan to get you there, overcome your obstacles, and give you the support system you need to make sure nothing gets in your way.
Just don't hang around - there are only four Summits each year, and just 16 places available at each!
Interested? Click here to find out more.
A long overdue podcast focussing on buying in Scotland. What to be aware of when you buy in Scotland, and of course, we will be discussing where to buy.
Check the Home Report.
The Home Report is a document that exists in Scotland but not here, and we love this as it gives both parties a lot more confidence in the sale as it progresses, as there are no surprises that crop up along the line.
This will contain a survey (including a valuation), an energy report and a property questionnaire.
Plan your offer
Properties are marketed at a fixed price (which you can offer below if you want), or “offers over”. When it’s “offers over”, you submit a sealed bid before a certain date. After the deadline, the vendor’s solicitor opens all the offers and the vendor chooses which to accept.
Your solicitor puts in the offer
Offers are made by your solicitor directly to the vendor’s solicitor – not via estate agents. So you need to have a solicitor in order to make an offer. You can make your offer “subject to survey” if you want to get your own survey done rather than just relying on the Home Report, but this will obviously be less attractive.
Go through the legals
If your offer is accepted, the vendor’s solicitor will issue a “qualified acceptance” and pass across the property deeds and other documents. Your solicitor will go through it all and raise enquiries.
Once they’re happy, the two solicitors exchange letters – this is known as “concluding missives” and at this point the sale is binding on both sides
Complete
On the date agreed in the contract, you pay the full purchase price (there’s usually no deposit) and the property is signed over to you
So, that's the process, but where should you buy?
Edinburgh – An extremely popular area, but supply is very low at the moment so prices are very high.
Glasgow – Glasgow has lots of demand due to overspill from Edinburgh, so it is fairly expensive but is popular.
Commuter belt of Glasgow/Edinburgh Riding the ripple effect from these two major cities, is the commuter belt, which is well worth checking out.
Stirling – The UK’s most affordable city and a popular tourist destination. (Thanks Ollie Hughes on Hub for the heads up here)
Aberdeen – Thsi is an interesting market, because it’s so dependent on the oil industry. Aberdeen had the biggest fall in price in the UK last year.
West Coast, Ayrshire – Another area where high yields are available.
All this said, we're not experts on the Scottish market but there are plenty of people who are over on the forum.
Our Scottish Meetups are brilliant already but in April we are having a re-boot of our Edinburgh Meetup and we're sending Rob D to say hi. If you can make it, he would love to see you. You can book your completely free ticket to the Edniburgh Meetup on April 6th here.
If you can't make it to Edinburgh there is bound to be a Meetup near you anyway - you can find more details and links to book your tickets, right here.
Last week we discussed how the Spring Budget was a bit of a non-event, but this week the Government have cemented that status by doing a u-turn on the one major thing that was announced. Read all about it here, but in a nutshell, national insurance is staying the same.
A Chrome extension from Rob D's friend Patrice. Subliminal Affirmations - set messages that you want to absorb into your conscious. Sounds mad? Maybe, but Rob D has been using this for a couple of weeks and confirms he is feeling even more awesome than usual.
Have you invested in Scotland? Are you considering it? Discuss all things Scottish in further detail over on the forum. You will see it's discussed pretty often, for example when Charles D recently asked about areas he should consider investing in, or when James from London started this post all about looking at deals in Glasgow.
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