Views : 5,063
Genre: Entertainment
Date of upload: Streamed live on Apr 28, 2024 ^^
Rating : 4.968 (2/245 LTDR)
RYD date created : 2024-05-02T14:00:41.633121Z
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Top Comments of this video!! :3
Over the next few months check out the data on people falling behind on paying their rent. The big problem for buy to let landlords at the moment is none payment of rent. This is running at over 10% of tenants for some small landlords. Two years ago the same landlords virtually hardly ever a had missed payment from their tenants. People are losing their jobs in London. Make of it what you want. By the way it's only a random sample of ten people I know who have 4 or 6 in London. All are suffering mortgage rates increases. And renters defaults going up at the same time. Interesting times ahead 🤔
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I’m looking at 3 beds in the Oakham/Stamford/Oundle triangle. Many new listings immediately come on at £300k or thereabouts. Within a couple of weeks they drop. Some continue to fall over fairly quickly, others stick. One has been at the asking price since June 23. I’m still amazed that sellers (and EAs) are ignoring market conditions. It’s incredulous
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As that great philosopher Mick Jagger once sang " you can't always get what you want, but if you try sometime, you'll get what you need". I have probably made over a 100 offers on properties between 2004 and 2015 and succeeded 15 times. I viewed maybe 1000 properties. That's how you get to know a good price, know what you want and get those deals. It's sad to think about those near misses but the advice to get out and view is key. No bargain property will ever drop in your lap. That's not to say you have to get a bargain but there is a correlation between getting out and viewing and finding that perfect fit.
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It's ridiculously difficult in London at the minute, FTB here has two offers fall through as the seller/EA didn't declare accurate info about the leasehold details like service charge etc...
A lot selling at my budget £240-280k are BTL wanting to exit but they don't want to reduce their properties despite them needing a lot of work doing to them.
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Great Videos and appreciate you as a content provider, but what I would love to see and I am sure many others is: a “what to do” step by step guide for a cash buyer … purchasing their very first property. I have been told and gather that this process is very much different from the people buying on mortgages. Charlie can you help please?? Many Thanks.
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A really interesting case study in Derbyshire. A detached house we viewed in 2021 in a very sought after village. It completed in December 2021 at 410k ( zoopla). It's on at 475k unsold now. However, the work on it is extreme, an old person had let it go. We are talking quarter acre refenced, new kitchen, festering sheds demolished. On their site is brand new block paving for 6 cars. Derelict stable turned into 17' by 15' garage and workshop with roller door. They have created a new en suite to a bedroom, new internal doors, total redecoration, new bathroom. There is probably more.
Seriously I thought houses had gone up since 2021, but they must have spent over a 100k on it. Of course when this does sell, it will up the indicies even though the project looks like a gross loss to me.
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@blackola7559
2 weeks ago
Looking at the state of some of those homes in the uk, the asking price doesn’t only offend me, it deeply disturbs me 😂
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