Host Jim Parker is joined by Andrea Stanford and Richard Cook to discuss this week’s news in the Fife Property Market while answering questions live on their show every Saturday morning @ 9.30am. Link to today’s article: https://www.fifeproperties.co.uk/blog/as-fife-first-time-buyers-are-being-locked-out-of-the-fife-property-market-rents-have-risen-by-2-8/
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“With the banks reducing the number of low deposit mortgages since Covid-19 hit in the Spring, this has meant that the number of Fife first-time buyers has been decreasing quickly, obligingly many of those would-be Fife buyers wanting to make the first step onto the Fife property ladder choose to stay in the Fife rental sector. What does all this mean for those first-time buyers together with the impact on Fife landlords and homeowners.
Today’s agenda in case you would like to skip to the section required is:
3 min – Why do people chose to rent?
4 min 36 sec – The commitments of owning a property!
7 min 15 sec – The advantages of renting!
10 min 46 sec – Is it really worth owing your own home!
12 mins 33 sec – If you have a legal obligation to say what you will do with a parrot should it also be the same for a property!
13 min 33 sec – Should you be made to have a will as soon as you buy a property?
14 min 43 sec – The average rent in Fife has increase year on year to £773 pm!
16 min 58 sec – Is it worth doing a complete refurbishment to achieve a higher rent?
18 min 24 sec – Is there a benefit to letting a property furnished?
19 min 48 sec – Capital Gains tax on 2nd homes could be changing!
20 min 38 sec – Does the Government really know what they are doing with the Private Rental Sector!
21 min 04 sec – Why is renting a preferred option for some people?
21 min 45 sec – Renting is the best option for many!
22 min 08 sec – Will rents continue to increase?
23 min 17 sec – When was the last time any major house building was going on in St Andrews?
24 min 03 sec – Scotland needs 25,000 homes a year built. Have we ever hit it!
24 min 54 sec – Why should councils be the preferred route for social housing?
26 min 06 sec – The St Andrews housing dilemma. Some people are stuck!
30 min 06 sec – Covid restrictions are impacting on the holiday lets market!
31 min 19 sec – Property values are 3.3% higher so how does that break down by house type?
31 min 34 sec – Is this a good time to buy a flat?
33 min – What house styles do tenants want and why?
33 min 27 sec – If you want to minimise risk in renting then choose a house and her is why!
34 min 08 sec – Flats are good investments medium to long term and here is why.
34 min 58 sec – Should you buy property in your own name of a Ltd company?
36 min 14 sec – Low value Flats will accelerate in value when interest rates go up!
36 min 32 sec – Sometimes it is right to chop down the tree that bears the fruit!
38 min 8 sec – Planning to exit the buy to let market is just as important as entering it!
39 min 12 sec – Will Spring next year show huge increases in property prices over the previous 12 months?
41 min – Does anyone actually read or follow the rules that mortgage companies impose on them!
42 min – The insurance company isn’t always right, and you can win if you check the small print!
43 min 51 sec – There will be no property market crash in 2021 and here is why!
45 min 03 sec – Some mortgage lenders still have their variable rates at 6%!!!
45 min 56 sec – The mortgage market is so overheated that they are literally withdrawing the mortgage after one week as it’s oversubscribed!
46 min 46 sec – First time buyers are getting bigger mortgages which could put them in a difficult position is interest rates increase!
49 min 28 sec – The rental market is showing signs of overheating as we are getting closing dates on rental properties and prospective tenants are offering to pay more!
52 min 05 sec – Why you should never say “No Pets” in an advert!
53 min 45 sec – It’s amazing what tenants consider to be pets today. What would you consider to be an unusual pet?
55 min 34 sec – It’s important to remember that the property needs to fit the person you re targeting. Here’s why?
56 min 35 min – It’s key to make sure you get everything in place prior to receiving an offer so you are ahead of the game.
58 min 10 sec – You can still make up to 15% Net Return on investment in Buy to Let so now is the time to buy.
59 min 12 sec – Why start from scratch if you can buy from an existing landlord at no extra cost!
Thank you to Andrea Stanford
Email: andrea.stanford@fifeproperties.co.uk
LinkedIn: https://www.linkedin.com/in/andrea-stanford-b9637a17/
Richard Cook, Lettings Director
Email: richard.cook@fifeproperties.co.uk
LinkedIn: https://www.linkedin.com/in/richard-cook-fife/
Facebook: https://www.facebook.com/rcook1986
Host is Jim Parker – Multiple business owner | Property Investor | Wealth Coach | Entrepreneur
Email: jim@fifeproperties.co.uk
Facebook: https://www.facebook.com/TheOfficialJimParker/
LinkedIn: https://www.linkedin.com/in/jimparkerfifeproperties/
