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The Property Investor Show 2010 – The Great Landlord Debate, #propshow #gld transcript


The Property Investor Show 2010 was held at London’s Excel between 14th & 16th October 2010.


At 1.30pm on Friday 15th October 2010, Property Tribes, the online community founded by husband and wife team Nick Tadd and Vanessa Warwick held “The Great Landlord Debate” a “free for all questioning” to a – what Nick described as  – distinguished panel. Which consisted of Ahm Charles, John Corey, Lisa Orme, Nigel Fitzerlakey, Nick Dare and the great Paul Shamplina – and if you don’t know any of these people – trust me – you want to and need to.


The debate was great and was recorded using the  #propshow #gld hashtag on Twitter For those who missed the debate or the Twitter feed, I have produced a transcript here.


#propshow #gld @4_wallsbelieves that interest rates will not increase significantly for the next 3 to 4 years


@baijusolanki > Listening to the Great Landlord debate at #propshow #gld Question: How to deal with tenent that pays, but pays late?


@castlemont> Good advice from Nick Tadd @4_Walls re seminars & gurus- if you knew the winning lottery numbers, would you sell them? #propshow #gld


#propshow #gld @lisaorme ‘crystal ball time’ General concensus from mortgage industry that interest rates 2011 – 1%, <2% for 3 to 5 years


#propshow #gld Interest rates unlikely to rise dramatically in the near future, fixe rates may be preferable when rates increase


#propshow #gld Now is a good time to switch to repayment products to take advantage of low interest rates, check your LTV rates


#propshow #gld @lisaorme Sell, Buy/Sell and pat down debt to increase portfolio equity


@financecoaching> RT @4_Walls: #propshow #gld @lisaorme ‘crystal ball time’ General concensus from mortgage industry that interest rates 2011 – 1%, <2% for 3 to 5 years


#propshow #gld *pay* down debt


@Juliansampsonww> RT @4_Walls: #propshow #gld @juliansampsonww advocates a ‘cool down’ period for deals, sleep on it to see if its still a good idea


@juliansampsonww> RT @4_Walls: #propshow #gld @juliansampsonww “What happens if a lease option party becomes bankrupt?” Beware, there is more to come on the legal


#propshow #gld Check out the popular property forums for FREE advice and information #proptribes #singingpig recommended


@financecoaching> RT @4_Walls: #propshow #gld *pay* down debt


#propshow #gld From the audience; pressure test your portfolio profits and use to pay down debt or improve properties


#propshow #gld Nationwide do not intend to cap number of mortgages, new lenders will mean more competitve deals


#propshow #gld @lisaorme A number of new BTL lenders currently going through the approval process although lending limits apply


#propshow #gld @lisaorme Do not underestimate how positive lenders are about the BTL market

#propshow #gld Question on HMO regulation, How does it work?


#propshow #gld @lisaorme Labour government made planning proposals which the coalition intend to repeal


#propshow #gld Judicial Review regarding HMO planning laws began this week


@juliansampsonww> RT @4_Walls: #propshow #gld @lisaorme Do not underestimate how positive lenders are about the BTL market


#propshow #gld Join in the debate on the web, feel free to ask questions to the panel


#propshow #gld Ensure that you always speak to your local authority before commiting to any HMO deal


@baijusolanki > BREAKING NEWS: Lenders are lovin’ the BTL Market #propshow #gld


#propshow #gld How favourable are the High Street Banks for mortgage lending? @4_walls has experience with Natwest


#propshow #gld @lisaorme Lloyds Group do not apply cap for commercial lending although LTVs, Rental Coverage and Business Plan needed


#propshow #gld Nick Dare speaks well of Lloyds Commercial lending,’banking is all about being professional and building a good relationship’


#propshow #gld @john_corey Private money is a viable alternative to bank lending for property deals


#propshow #gld @ahmcharles Its not a big issue NOT to use bank lending, it will not kill a deal, there are more ways to skin a cat


#propshow #gld @castlemont Is BTL the way forward?


@financecoaching> RT @4_Walls: #propshow #gld @lisaorme Do not underestimate how positive lenders are about the BTL market


#propshow #gld @castlemont @lisaorme “Banks are not buying money in at base or lower, more likely 2%” BTL is commercial finance not resi


#propshow #gld @lisaorme Commercial lending rates at under 5% is fantastic


#propshow #gld From Twitter to @landlordaction What to do if a tenant pays consistently late?


#propshow #gld @landlordaction Do you want to put up with late payment or go for eviction? Use S.21 notices to re-gain your properties


#propshow #gld @landlordaction If you are self managing, make sure you have good credit control and the time to do it or otherwise use agent


#propshow #gld Time your notices to coincide with the requirements of S.8 & S.21 notices, could take 5-6 months to gain possession


@juliansampsonww> “@kevrose: @JulianSampsonWW Re:BTL Difficult/impossible to get anything over 50% LTV through Paragon though I hear #gld #propshow @LisaOrme


#propshow #gld @landlordaction are presentlng a petition to 10 Downing Street need 3,000 names “Big campaign”


#propshow #gld If you want more info on @lanlordaction please visit stand 148


#propshow #gld Make sure you undertake due diligence and referencing on tenants then consider Tenancy insurance and Rent Protection


#propshow #gld As a Landlord, it is imperative to know your legal rights to minimise any delays in the event of a problem, educate yourself


#propshow #gld Always build rapport an maintain a relationship with your tenants to avoid communication breakdowns


#propshow #gld BTL is a business, do not get emotionally involved – Can you support your commitments in the event of voids?


#propshow #gld @4_walls communicate and build relationships in property with your tenants, you are a service provider


#propshow #gld From the audience, Is now a positive period for property investment?


#propshow #gld @ahmcharles “Its a fantastic time to be an investor, people are prepared to do deals”


#propshow #gld Barriers are being lowered to allow more structured deals providing that capital is available


#propshow #gld Are you a Landlord or an Investor? or are they one in the same? Pls Rt using hashtags


#propshow #gld @lisaorme Consider cash collection for rents rather than relying on standing orders, can make the difference in arrears


#propshow #gld Help your tenant to manage his own finances


#propshow #gld @john_corey Consider collecting rents fortnightly, get your money when they have it, can work well for both parties


@castlemont> RT @4_Walls: #propshow #gld Are you a Landlord or an Investor? or are they one in the same? > both, but they’re not the same.


#propshow #gld @landlordaction @landlordaction Has been appealing for direct payments for LHA to be overturned since its inception in 2008



#propshow #gld From the audience, “rents collected on credit card with good results”


#propshow #gld @grumpylandlord is both Landlord and Investor, How do we recover losses after eviction? Can they be placed on a register?


#propshow #gld @landlordaction Data Protection legislation ‘bad tenant’ information cannot be shared, unless enforced money order not CCJ


#propshow #gld Serial Bad Tenants will be flagged to @landlordaction database


#propshow #gld @nicktadd A Landlord has a tactic an Investor has a strategy


#propshow #gld What are the alternatives to conventional BTL finance and how can they be accessed?


#propshow #gld Collective investment schemes will require FSA approval an circa 100k investment, Why would a Hedge Fund? @john_corey


#propshow #gld Beware discussing investment deals with strangers, difficult to secure funds from a cold source – Highly regulate area


#propshow #gld @Lisaorme 18 months of a 2 year period undertaking legals for collective investment scheme at a cost of 180k


#propshow #gld Hedge funds will require a tight business plan on investments at 10m+


#propshow #gld Nick Dare, great deals available on ‘off market’ opportunities that could attract finance


#propshow #gld @ahmcharles ‘Private investors looking for you to invest, they have security and you can return around 20% uplift’


@juliansampsonww> #gld #propshow oh dear- in seminar and five mins in NMD reared it’s head! @4_Walls


#propshow #gld Debate extended by 20 minutes, don’t miss your chance to take part


#propshow #gld @ahmcharles ‘Your local market is so much more important that the wider UK market’


#propshow #gld @nicktadd ‘Search out the pockets in the UK that haven’t been affected by the economic crisis’

#propshow #gld Do holiday lets offer good returns?


#propshow #gld @4_walls Hugh renaissance in british holiday market, improvement in property standards, season extende as a consequence


#propshow #gld UK Holiday lets, look for year round appeal to add to and diversify your portfolio


#propshow #gld #holidaylets Summer lets pay the costs, Look for the niche to maximise Spring & Autumn for you profits


#propshow #gld Just because you can put your rents up, why should you? Consider your relationship with your tenant and your current cashflow


#propshow #gld Can we still do No Money Down?


@castlemont>RT @4_Walls: #propshow #gld Can we still do No Money Down? > not legally


#propshow #gld Article in The Times 18/09/10 Knowingly withold information from a mortgage lender there are civil and criminal consequences


#propshow #gld There are no mainstream, high street lenders that will do No Money Down deals @lisaorme


#propshow #gld How to do NMD deals? Use CASH!! either your own or with an investment partner


#propshow #gld Do not pay attention to ‘our scheme is legal, above board, lender approval’ If you are paying ‘x’ and declaring ‘y’ its FRAUD


#propshow #gld Just because an NMD deal has been funded, it does not mean you are off the hook. Authorities are trawling through deals


#propshow #gld NMD is about collecting ‘fees’ or ‘commission’ not about buying property, do not put yourself at risk


#propshow #gld NMD = mortgage fraud, land registry fraud, tax evasion – PRISON!


#propshow #gld The Mortgage Works have withdrawn lending to deals sourced via property clubs and groups


#propshow #gld The lenders are monitoring forums, twitter an other social media forums


#propshow #gld Beware the hype from Property Packagers who claim 100’s of deals per month, its hype @lisaorme


#propshow #gld Lenders considering pursuit of Property Investors – Do you have professional indemnity insurance?

#propshow #gld Greed in property investment is a huge motivator, take stock and consider the risks before you commit


#propshow #gld Has property investment turned into a pyramid scheme? @landlordaction believes that regulation is the way forward


#propshow #gld @nicktad brings the debate to a close, thanks to the panel.. Remember don’t get conned


#propshow #gld Lets continue the debate on #proptribes, look forward to meeting new friends

2 Comments leave one →
  1. 19/10/2010 15:10


    Thanks for the tweets live from the show and re-creating the stream here on the blog.

    I had a fun time. I wish we could have gotten through more questions from the audience. Maybe we can ‘continue the conversation’ over on Property Tribes. That way any of the audience who did not get their question addressed gets another chance to hear ‘the groups viewpoint’.

  2. 23/10/2010 09:01

    Wonderful blog! I truly love how it? s easy on my eyes as well as the data are well written. I am wondering how I can be notified whenever a new post has been made. I have subscribed to your rss feed which need to do the trick! Have a nice day!

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