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  • Property-a-holics

    Negative & positive PRS happenings of 2018?

    As the year draws to a close, it is a great time to reflect on the past 12 months.

    2018 has been a challenging year for landlords, of that there is no doubt.

    We have seen:

    The introduction of MEES

    The introduction of new HMO licensing regulation

    >  More local authorities introducing selective licensing

    The continued embedding of Section 24.

    Rising anti-landlord rhetoric and sentiment in the media.

    >  We started to feel the impact of Brexit on the property/housing market.

    We have benefited from:

    >  Continued low interest rates

    An increasingly competitive mortgage market

    iHowz getting selective licensing over-turned in Brighton and Hove. 

    >  Record fines against rogue landlords.

    Some highlights for Property Tribes include:

    >  Property Tribes was recognised by Government and were invited to meet with Peter Cardwell, Special Advisor to Housing Minister James Brokenshire in London as he was keen to hear our views on the PRS.

    >  We attended the House of Commons Reception to celebrate the 20th anniversary of the RLA.

    >  Our youtube channel stats have sky-rocketed - over 600K views now and over 49 days of video watched per month.

    >  Our most popular video of the year was with Kent Reliance on the topic of the continued viability of BTL.  It has been viewed over 7K times.

    >  We launched the First Time Buyer Tribe in association with Kate Faulkner.

    >  We were able to secure Karen Buck MP as a panellist for our "Government intervention in the PRS" debate at the Landlord Investment Show.

    >  We were invited as special guests of David Cox, CEO of ARLA, to the ARLA Conference 2018, the first time we have attended this event.

    >   Our google push notifications topped 10K subscribers (only started them mid-year)  and we have around 30 to 40 new members joining each day.

    >   We partnered with John Charcol to create the PT Brokers Team to support the community in getting finance.  The PT Brokers Team can be contacted on 0333 363 6507.  We ran "Getting to know Finance" Week to celebrate the launch.

    Monday - Launch of John Charcol and BTL mortgage trends

    Tuesday - Limited company BTL mortgages

    Wednesday - HMO finance 

    Thursday - Refurbishment and development finance

    Friday - Holiday let mortgages

    >  We ran our biggest ever themed month - "Legal FAQs" Month - powered by Anthony Gold Solicitors.  We covered over 20 topics with video answers.

    >  New sponsors joining us including Keller Williams, Ideal Flatmate, Viewber, GuestReady, CheckaTrade, ALEP, Landlord Action, Vesta, and One and Only Pro.

    We have many exciting things lined up for the first quarter of 2019 - but that is another post!! Smile

    What have been the best and worse things about 2018 for your business?

    SEE ALSO  -          Olympia de-brief - no sign of a decline in BTL

    UP NEXT -              Property market predictions for 2019

    DON'T MISS -         Get some dates in your diary to fire up 2019!



    So what we are saying is

    lenders and intrest rates are on our side

    and every thing is being stacked aginst us

    they really have it in for BTL


    Learn Change and Adapt ?????

    All comments are for casual information purposes only. If you wish to rely on any advice I have given please ensure you obtain independent specialist advice from a third party. No liability is accepted for comments made.

    My personal favourite of 2018 was the review of the Rent A Room Scheme and the subsequent withdrawal of its only amendment in the budget.

    I'm pleased with the introduction of Land Transaction Tax, it will save me money.

    I joined PT in 2017, it was a year of learning boundaries and limitations as well as rules and regulations. In no small part due to PT discussions relating to S24, 2018 has been a year of learning how to sidestep what I had learned the year before.

    Many thanks to Vanessa and Nick for providing the opportunity and to all those who have contributed for providing the information - the most valuable part of 2018.