Mark has been investing in property for 15-20 years, approaching the 100 mark in terms of deals made and has a 70 million equity stake in various portfolios. One of the questions he repeatedly gets asked, is whether it is worth using additional cash to pay of your mortgage or if it is better to invest it elsewhere. Listen in to this episode to hear his thoughts and answers to this common question.  

KEY TAKEAWAYS 
If you are even slightly disciplined you should not pay your mortgage off. If you are worried about interest rates then look at fixed rate mortgages.
If you can invest your cash somewhere else, you will earn more back on that lump sum than you will be paying in interest on your mortgage.
Property is still by far the best investment opportunity particularly in terms of lending from banks; they will always give you a great interest rate on anything you borrow. 



BEST MOMENTS 

“Why would you want to pay of your mortgage if you can get consistently good returns by investing in your isa and getting much much higher investment returns”



“You’ve got to make your money work for you, no one else will look after your money like you do”



VALUABLE RESOURCES 

https://www.youtube.com/user/progressivepropertyhttps://www.progressiveproperty.co.uk/the-progressive-co-founders/



ABOUT THE HOST

Mark has bought, sold or has managed around 1,000 property units for himself, Rob, his family and his investors since 2003. He is a system and spreadsheet geek and has developed a complex, confidential deal analyser system of buying residential, commercial and multi-let properties.

CONTACT METHOD



Email: Markhomer@progressiveproperty.co.uk

LinkedIn: https://www.linkedin.com/in/markhomer1

Facebook: https://www.facebook.com/markprogressive

Twitter: https://twitter.com/markprogressive

Mark has been investing in property for 15-20 years, approaching the 100 mark in terms of deals made and has a 70 million equity stake in various portfolios. One of the questions he repeatedly gets asked, is whether it is worth using additional cash to pay of your mortgage or if it is better to invest it elsewhere. Listen in to this episode to hear his thoughts and answers to this common question.  
KEY TAKEAWAYS 
<ul>
<li>If you are even slightly disciplined you should not pay your mortgage off. If you are worried about interest rates then look at fixed rate mortgages.</li>
<li>If you can invest your cash somewhere else, you will earn more back on that lump sum than you will be paying in interest on your mortgage.</li>
<li>Property is still by far the best investment opportunity particularly in terms of lending from banks; they will always give you a great interest rate on anything you borrow. </li>
</ul>
BEST MOMENTS 
“Why would you want to pay of your mortgage if you can get consistently good returns by investing in your isa and getting much much higher investment returns”
 
“You’ve got to make your money work for you, no one else will look after your money like you do”
 
VALUABLE RESOURCES 
<a href="https://www.youtube.com/user/progressiveproperty">https://www.youtube.com/user/progressiveproperty</a> <a href="https://www.progressiveproperty.co.uk/the-progressive-co-founders/">https://www.progressiveproperty.co.uk/the-progressive-co-founders/</a>
 
ABOUT THE HOST
Mark has bought, sold or has managed around 1,000 property units for himself, Rob, his family and his investors since 2003. He is a system and spreadsheet geek and has developed a complex, confidential deal analyser system of buying residential, commercial and multi-let properties.
CONTACT METHOD
 
Email: Markhomer@progressiveproperty.co.uk
LinkedIn: <a href="https://www.linkedin.com/in/markhomer1">https://www.linkedin.com/in/markhomer1</a>
Facebook: <a href="https://www.facebook.com/markprogressive">https://www.facebook.com/markprogressive</a>
Twitter: <a href="https://twitter.com/markprogressive">https://twitter.com/markprogressive</a>

Investing, business, finance &economics - Mark Homer has the experience to help you with many of your questions & challenges. Mark My Words is a successful, eccentric & introverted businessman’s experience of 20 years with no waffle, ads, bravado or big pitches. Mark will interview the worlds most successful business, finance & money experts as well as impart his knowledge in a factual, direct manner. Mark runs & owns multiple businesses & property portfolios so teaches you what he does on a daily basis. A contrarian investor & capitalist, Mark will help you raise more finance, make more money & grow your business empire.

Mark My Words Podcast

Mark My Words

REVISTED: Why You Should NEVER Pay off Your Mortgage Early

Mark hosts an informal session answering attendees' questions on property investing and business. Topics covered include managing tenant arrears, using AI systems, recovering securing finance, choosing property strategies and leveraging technology to remove reliance on people. Mark provides his famous direct, no-nonsense advice, drawing on his extensive experience. The session offers valuable insights for property investors and business owners alike. 

KEY TAKEAWAYS
Pursue former tenants with county court judgments using options like winding-up petitions to pressure payment, despite the costs involved.
Expect Bank of England base rates to remain around 4-4.5% through 2025 before dropping, according to trading market predictions.
Resolve cladding issues for financiers by providing EWS1 reports showing remediation works address combustible materials.
Get multiple assessments when handling property contamination like asbestos to determine actual risks and remediation needs.
Institute gradual rent increases for retained tenants to keep pace with market rates and offset rising mortgage costs.
Leverage technologies like AI wherever possible to remove reliance on staff and minimise people management headaches.
Seek out self-motivated employees requiring minimal oversight to avoid poor performance issues plaguing growth.

BEST MOMENTS

"I issued a winding up petition on a care company...it probably cost four or five grand, but it's existential for them."

"I check our rents once a month...I look back and a block we finished two years ago...Those rents are now going up 40%."

"When you attack landlords...then rents have to go up to a level where it works again. That's the adjustment that's taking place."

"I'm looking forward to that because apparently this can remove quite a bit of admin. I would put as much technology in as possible."



VALUABLE RESOURCES

https://www.youtube.com/user/progressivepropertyhttps://www.progressiveproperty.co.uk/the-progressive-co-founders/

ABOUT THE HOST

Mark has bought, sold or has managed around 1,000 property units for himself, Rob, his family and his investors since 2003. He is a system and spreadsheet geek and has developed a complex, confidential deal analyser system of buying residential, commercial and multi-let properties.

CONTACT METHOD

Email: Markhomer@progressiveproperty.co.uk

LinkedIn: https://www.linkedin.com/in/markhomer1

Facebook: https://www.facebook.com/markprogressive

Twitter: https://twitter.com/markprogressive

Mark hosts an informal session answering attendees' questions on property investing and business. Topics covered include managing tenant arrears, using AI systems, recovering securing finance, choosing property strategies and leveraging technology to remove reliance on people. Mark provides his famous direct, no-nonsense advice, drawing on his extensive experience. The session offers valuable insights for property investors and business owners alike.  KEY TAKEAWAYS
<ul>
<li>Pursue former tenants with county court judgments using options like winding-up petitions to pressure payment, despite the costs involved.</li>
<li>Expect Bank of England base rates to remain around 4-4.5% through 2025 before dropping, according to trading market predictions.</li>
<li>Resolve cladding issues for financiers by providing EWS1 reports showing remediation works address combustible materials.</li>
<li>Get multiple assessments when handling property contamination like asbestos to determine actual risks and remediation needs.</li>
<li>Institute gradual rent increases for retained tenants to keep pace with market rates and offset rising mortgage costs.</li>
<li>Leverage technologies like AI wherever possible to remove reliance on staff and minimise people management headaches.</li>
<li>Seek out self-motivated employees requiring minimal oversight to avoid poor performance issues plaguing growth.</li>
</ul>
BEST MOMENTS   "I issued a winding up petition on a care company...it probably cost four or five grand, but it's existential for them."
"I check our rents once a month...I look back and a block we finished two years ago...Those rents are now going up 40%."
 "When you attack landlords...then rents have to go up to a level where it works again. That's the adjustment that's taking place."
"I'm looking forward to that because apparently this can remove quite a bit of admin. I would put as much technology in as possible."
 
VALUABLE RESOURCES 
<a href="https://www.youtube.com/user/progressiveproperty">https://www.youtube.com/user/progressiveproperty</a> <a href="https://www.progressiveproperty.co.uk/the-progressive-co-founders/">https://www.progressiveproperty.co.uk/the-progressive-co-founders/</a>
ABOUT THE HOST
Mark has bought, sold or has managed around 1,000 property units for himself, Rob, his family and his investors since 2003. He is a system and spreadsheet geek and has developed a complex, confidential deal analyser system of buying residential, commercial and multi-let properties.
CONTACT METHOD
Email: Markhomer@progressiveproperty.co.uk
LinkedIn: <a href="https://www.linkedin.com/in/markhomer1">https://www.linkedin.com/in/markhomer1</a>
Facebook: <a href="https://www.facebook.com/markprogressive">https://www.facebook.com/markprogressive</a>
Twitter: <a href="https://twitter.com/markprogressive">https://twitter.com/markprogressive</a>

Behind the Scenes of My Masterclass Rent, Cladding and Asbestos: REVISIT

Mark talks through budget and tax rumours and gives a breakdown of current government spending. He shares why he thinks the decisions and choices will be made and also gives the real numbers and statistics around government spending.



KEY TAKEAWAYS
Around $340 billion, equivalent to almost 30% of this year’s budget is spent on social protection which covers things like, housing benefit, income support and pensions.
Personal social services have increased to £43 billion
Only 60% of the country is paying in, 40% of people in the UK are economically inactive
Labour are claiming a £20 billion black hole which they are using to justify tax increases.
The conservatives would have had to either reduce spending or put up taxes if they had remained in power.
Covid cost the UK £400-£500 billion.
Labour have been leaking information around which taxes may increase to help soften the blow to the public.
There are rumours about capital gains tax increasing to 45% for high earners, but this could discourage investment.
We can’t grow the economy if we scare off investors.
From 1st January 2025 it's proposed that there will be VAT on school fees.



BEST MOMENTS



"40% of this country is economically inactive”

“Rachel Reeves used to be in the treasury, so she’ll know exactly where to look for this information”

“I suspect the conservatives would have had to reduce spending or put up taxes up anyway I think whoever got in that was about to happen”

“I think the government have been leaking like hell”


"I understand the politics of envy are at work here" 

"Why would you want to tax excellence" 

VALUABLE RESOURCES

https://www.youtube.com/user/progressivepropertyhttps://www.progressiveproperty.co.uk/the-progressive-co-founders/

ABOUT THE HOST

Mark has bought, sold or has managed around 1,000 property units for himself, Rob, his family and his investors since 2003. He is a system and spreadsheet geek and has developed a complex, confidential deal analyser system of buying residential, commercial and multi-let properties.

CONTACT METHOD

Email: Markhomer@progressiveproperty.co.uk

LinkedIn: https://www.linkedin.com/in/markhomer1

Facebook: https://www.facebook.com/markprogressive

Twitter: https://twitter.com/markprogressive

Mark talks through budget and tax rumours and gives a breakdown of current government spending. He shares why he thinks the decisions and choices will be made and also gives the real numbers and statistics around government spending.
 
KEY TAKEAWAYS
<ul>
<li>Around $340 billion, equivalent to almost 30% of this year’s budget is spent on social protection which covers things like, housing benefit, income support and pensions.</li>
<li>Personal social services have increased to £43 billion</li>
<li>Only 60% of the country is paying in, 40% of people in the UK are economically inactive</li>
<li>Labour are claiming a £20 billion black hole which they are using to justify tax increases.</li>
<li>The conservatives would have had to either reduce spending or put up taxes if they had remained in power.</li>
<li>Covid cost the UK £400-£500 billion.</li>
<li>Labour have been leaking information around which taxes may increase to help soften the blow to the public.</li>
<li>There are rumours about capital gains tax increasing to 45% for high earners, but this could discourage investment.</li>
<li>We can’t grow the economy if we scare off investors.</li>
<li>From 1st January 2025 it's proposed that there will be VAT on school fees.</li>
</ul>
 
BEST MOMENTS   
"40% of this country is economically inactive”
“Rachel Reeves used to be in the treasury, so she’ll know exactly where to look for this information”
“I suspect the conservatives would have had to reduce spending or put up taxes up anyway I think whoever got in that was about to happen”
“I think the government have been leaking like hell” 
"I understand the politics of envy are at work here" 
"Why would you want to tax excellence" 
VALUABLE RESOURCES 
<a href="https://www.youtube.com/user/progressiveproperty">https://www.youtube.com/user/progressiveproperty</a> <a href="https://www.progressiveproperty.co.uk/the-progressive-co-founders/">https://www.progressiveproperty.co.uk/the-progressive-co-founders/</a>
ABOUT THE HOST
Mark has bought, sold or has managed around 1,000 property units for himself, Rob, his family and his investors since 2003. He is a system and spreadsheet geek and has developed a complex, confidential deal analyser system of buying residential, commercial and multi-let properties.
CONTACT METHOD
Email: Markhomer@progressiveproperty.co.uk
LinkedIn: <a href="https://www.linkedin.com/in/markhomer1">https://www.linkedin.com/in/markhomer1</a>
Facebook: <a href="https://www.facebook.com/markprogressive">https://www.facebook.com/markprogressive</a>
Twitter: <a href="https://twitter.com/markprogressive">https://twitter.com/markprogressive</a>

Labour’s Budget & A Breakdown of Spending

A revisit of Mark talking through property news headlines including why UK rental prices have continued to increase despite government measures. Mark gives his thoughts on proposed rent controls being introduced in Wales, the impact of current rent controls in Scotland and why the UK does not offer value for money in renting properties. He also reveals the many other reasons behind the current rental crisis in the UK.


KEY TAKEAWAYS
50k rental properties are needed to meet the demand in the UK
Rent controls do not work. In the 60s and 70s, this was proven and it is being proven again.
Rent control reduces the rental stock and pushes prices up, it also impacts the country's labour market as people cannot move around easily.
People in the UK live in smaller homes than many other countries including France, Germany and Japan.
Planning is extremely slow in the UK, this impacts the speed at which properties can be developed.
Women in the UK are having fewer children than are needed to sustain the workforce which means immigration is heavily relied on.

BEST MOMENTS

"For the 17th consecutive time, the price of renting in the UK has gone up”

“Rent control doesn’t work”

“It will reduce the quality and selection”

“Reduce the cost of childcare and get women back to work”

“It’s stealing off a section of society and it’s not right”

VALUABLE RESOURCES

https://www.youtube.com/user/progressivepropertyhttps://www.progressiveproperty.co.uk/the-progressive-co-founders/

ABOUT THE HOST

Mark has bought, sold or has managed around 1,000 property units for himself, Rob, his family and his investors since 2003. He is a system and spreadsheet geek and has developed a complex, confidential deal analyser system of buying residential, commercial and multi-let properties.

CONTACT METHOD

Email: Markhomer@progressiveproperty.co.uk

LinkedIn: https://www.linkedin.com/in/markhomer1

Facebook: https://www.facebook.com/markprogressive

Twitter: https://twitter.com/markprogressive

A revisit of Mark talking through property news headlines including why UK rental prices have continued to increase despite government measures. Mark gives his thoughts on proposed rent controls being introduced in Wales, the impact of current rent controls in Scotland and why the UK does not offer value for money in renting properties. He also reveals the many other reasons behind the current rental crisis in the UK.
 KEY TAKEAWAYS
<ul>
<li>50k rental properties are needed to meet the demand in the UK</li>
<li>Rent controls do not work. In the 60s and 70s, this was proven and it is being proven again.</li>
<li>Rent control reduces the rental stock and pushes prices up, it also impacts the country's labour market as people cannot move around easily.</li>
<li>People in the UK live in smaller homes than many other countries including France, Germany and Japan.</li>
<li>Planning is extremely slow in the UK, this impacts the speed at which properties can be developed.</li>
<li>Women in the UK are having fewer children than are needed to sustain the workforce which means immigration is heavily relied on.</li>
</ul>
BEST MOMENTS   "For the 17th consecutive time, the price of renting in the UK has gone up” 
“Rent control doesn’t work”
“It will reduce the quality and selection” 
“Reduce the cost of childcare and get women back to work”
“It’s stealing off a section of society and it’s not right”
VALUABLE RESOURCES 
<a href="https://www.youtube.com/user/progressiveproperty">https://www.youtube.com/user/progressiveproperty</a> <a href="https://www.progressiveproperty.co.uk/the-progressive-co-founders/">https://www.progressiveproperty.co.uk/the-progressive-co-founders/</a>
ABOUT THE HOST
Mark has bought, sold or has managed around 1,000 property units for himself, Rob, his family and his investors since 2003. He is a system and spreadsheet geek and has developed a complex, confidential deal analyser system of buying residential, commercial and multi-let properties.
CONTACT METHOD
Email: Markhomer@progressiveproperty.co.uk
LinkedIn: <a href="https://www.linkedin.com/in/markhomer1">https://www.linkedin.com/in/markhomer1</a>
Facebook: <a href="https://www.facebook.com/markprogressive">https://www.facebook.com/markprogressive</a>
Twitter: <a href="https://twitter.com/markprogressive">https://twitter.com/markprogressive</a>

REVISTED: Why You Should NEVER Pay off Your Mortgage Early

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