Rob discusses the exciting changes in the property industry following the UK autumn budget. The Chancellor announced reforms to streamline the system, including a new permitted development right that allows one house to be converted into two homes without the need for full planning permission. This game-changing development opens up new opportunities for property investors and developers to increase housing supply and potentially make significant profits. 

KEY TAKEAWAYS
The UK autumn budget introduced reforms to streamline the property conversion process, allowing one house to be converted into two homes through permitted development rights.
This change will help tackle backlogs in local planning authorities and boost housing supply.
Property investors and developers can now consider converting family homes into two dwellings, potentially increasing the value and rental income.
It is important to do thorough research and analysis before undertaking any property conversion project to ensure demand and suitability.

BEST MOMENTS

"Massive, massive, massive changes coming up in property."

"You're now going to be able to just convert one of them through permitted development, rather than go through full planning." 

"Now I've got permitted development to do that, then actually, I might be able to certainly increase the value of the home, but I could be able to double my rent here."

"And the minute that comes into place, then that is going to make a big difference moving forward."

VALUABLE RESOURCES

GET YOUR DEVELOPMENT FINANCE HERE:

https://propertyfundingplatform.com/WharfFinancial#!/borrowerinitialregistration

SOVEREIGN MAN PREMIUM INTELLIGENCE MEMBERSHIP https://dash.sovereignman.com/a/smc12m995/tpnpodcast

SOVEREIGN MAN 4th PILLAR https://dash.sovereignman.com/a/4pmain/tpnpodcast

ABOUT THE HOST

Rob Smallbone is the author of the Amazon best-seller Buy-To-Let: How To Get Started as well as 101 Top Property Tips and Property FAQ’s.

BOOKS

Property FAQs = https://amzn.to/3MWfcL4

Buy To Let: How To Get Started = https://amzn.to/3genjle

101 Top Property Tips = https://amzn.to/2NxuAQL

WHERE TO FIND US

https://linktr.ee/thepropertynomadspodcast

Rob discusses the exciting changes in the property industry following the UK autumn budget. The Chancellor announced reforms to streamline the system, including a new permitted development right that allows one house to be converted into two homes without the need for full planning permission. This game-changing development opens up new opportunities for property investors and developers to increase housing supply and potentially make significant profits. 
KEY TAKEAWAYS
<ul>
<li>The UK autumn budget introduced reforms to streamline the property conversion process, allowing one house to be converted into two homes through permitted development rights.</li>
<li>This change will help tackle backlogs in local planning authorities and boost housing supply.</li>
<li>Property investors and developers can now consider converting family homes into two dwellings, potentially increasing the value and rental income.</li>
<li>It is important to do thorough research and analysis before undertaking any property conversion project to ensure demand and suitability.</li>
</ul>
BEST MOMENTS
"Massive, massive, massive changes coming up in property."
"You're now going to be able to just convert one of them through permitted development, rather than go through full planning." 
"Now I've got permitted development to do that, then actually, I might be able to certainly increase the value of the home, but I could be able to double my rent here."
"And the minute that comes into place, then that is going to make a big difference moving forward."
VALUABLE RESOURCES
GET YOUR DEVELOPMENT FINANCE HERE:
<a href="https://propertyfundingplatform.com/WharfFinancial#!/borrowerinitialregistration">https://propertyfundingplatform.com/WharfFinancial#!/borrowerinitialregistration</a>
SOVEREIGN MAN PREMIUM INTELLIGENCE MEMBERSHIP <a href="https://dash.sovereignman.com/a/smc12m995/tpnpodcast">https://dash.sovereignman.com/a/smc12m995/tpnpodcast</a>
SOVEREIGN MAN 4th PILLAR <a href="https://dash.sovereignman.com/a/4pmain/tpnpodcast">https://dash.sovereignman.com/a/4pmain/tpnpodcast</a>
ABOUT THE HOST
Rob Smallbone is the author of the Amazon best-seller Buy-To-Let: How To Get Started as well as 101 Top Property Tips and Property FAQ’s.
BOOKS 
Property FAQs = <a href="https://www.youtube.com/redirect?event=video_description&amp;redir_token=QUFFLUhqbko0U3dKT3g3NWVLTXlrcjREVmxOZmdGSHM5UXxBQ3Jtc0tuME9qbUdPYlpjY0p6OFkxaS1TSlJzOXgwbVhFYlZNVUFrd1RzRXZIamJJQmk5QUNIYlVoZ1JnV0pQWjJ1b0ZERWtJTkVWNzZDLWxLNVVMZjJyaVBIUHVmYTBZUzhVMk4tZno0UWVtZW9TS2FUUFFSaw&amp;q=https%3A%2F%2Famzn.to%2F3MWfcL4&amp;v=hUIpY5z9iDM">https://amzn.to/3MWfcL4</a>  
Buy To Let: How To Get Started = <a href="https://www.youtube.com/redirect?event=video_description&amp;redir_token=QUFFLUhqa1E2QUx5dmRkUWFTQWsyVmhLbGVrb0FxcUNnUXxBQ3Jtc0tselFnNnk5VGRBcVEzeFlveldhVUdtZmNGdlJqR1V5ejYwQTZSUFJYMFRYdXpKS0NGSWZaT2o5blZ1RXl4bG1XbVdZWTQtU3cyVWlib09ZR0xIMGxzOU85ZjNsQlQ0X0Y4aEFXeWpZMTFPQW1oTXQxUQ&amp;q=https%3A%2F%2Famzn.to%2F3genjle&amp;v=hUIpY5z9iDM">https://amzn.to/3genjle</a>  
101 Top Property Tips = <a href="https://www.youtube.com/redirect?event=video_description&amp;redir_token=QUFFLUhqbmVnUXA2cFZwWS1uMktqZGZTNEFPUXRMeFg4QXxBQ3Jtc0trRzFnd1NPWWRjZU5tLVlnZjRNQ0FmX3RjazV2aXE4ZGVQbDJOVW13OEc4TkdrMDJhUHlLcGdETWQxNzRmVWZCUkRtMTZXZEVPY1ktOXhScEZCejNudHFBTTVuQ1poU1Q3bFlBSDdPTEpfTWV3SEFCUQ&amp;q=https%3A%2F%2Famzn.to%2F2NxuAQL&amp;v=hUIpY5z9iDM">https://amzn.to/2NxuAQL</a>  
WHERE TO FIND US
<a href="https://linktr.ee/thepropertynomadspodcast">https://linktr.ee/thepropertynomadspodcast</a>

Property Nomads brings property and all things currency, money and macro straight to you. All with a no-nonsense attitude! 

EVENT MENTIONED ON PODCAST 
https://progressiveproperty.online/live-multiple-streams-of-property-income-interest-london/AMB4692

WHERE TO FIND US = https://linktr.ee/thepropertynomadspodcast

SOVEREIGN MAN PREMIUM INTELLIGENCE MEMBERSHIP = https://dash.sovereignman.com/a/smc12m995/tpnpodcast

SOVEREIGN MAN 4th PILLAR = https://dash.sovereignman.com/a/4pmain/tpnpodcast

PROPERTY BOOKS  
Property FAQs = https://amzn.to/3MWfcL4
Buy To Let: How To Get Started = https://amzn.to/3genjle
101 Top Property Tips = https://amzn.to/2NxuAQL

ABOUT THE HOST
Rob Smallbone is the author of the Amazon best-seller Buy-To-Let: How To Get Started as well as 101 Top Property Tips and Property FAQ’s. 

Property Nomads brings property and all things currency, money and macro straight to you. All with a no-nonsense attitude! 
EVENT MENTIONED ON PODCAST  <a href="https://progressiveproperty.online/live-multiple-streams-of-property-income-interest-london/AMB4692">https://progressiveproperty.online/live-multiple-streams-of-property-income-interest-london/AMB4692</a>
WHERE TO FIND US = <a href="https://linktr.ee/thepropertynomadspodcast" data-saferedirecturl="https://www.google.com/url?q=https://linktr.ee/thepropertynomadspodcast&amp;source=gmail&amp;ust=1686386870688000&amp;usg=AOvVaw24jygsJC7ETEGW7oGeqipv">https://linktr.ee/thepropertynomadspodcast</a> 
SOVEREIGN MAN PREMIUM INTELLIGENCE MEMBERSHIP = <a href="https://dash.sovereignman.com/a/smc12m995/tpnpodcast" data-saferedirecturl="https://www.google.com/url?q=https://dash.sovereignman.com/a/smc12m995/tpnpodcast&amp;source=gmail&amp;ust=1686386870688000&amp;usg=AOvVaw3Mt16pMm9PsmgmljA6v0DI">https://dash.sovereignman.com/a/smc12m995/tpnpodcast</a> 
SOVEREIGN MAN 4th PILLAR = <a href="https://dash.sovereignman.com/a/4pmain/tpnpodcast" data-saferedirecturl="https://www.google.com/url?q=https://dash.sovereignman.com/a/4pmain/tpnpodcast&amp;source=gmail&amp;ust=1686386870688000&amp;usg=AOvVaw1AJx78Z7tzK5xLVjw2Z0Js">https://dash.sovereignman.com/a/4pmain/tpnpodcast</a> 
PROPERTY BOOKS  Property FAQs = <a href="https://www.youtube.com/redirect?event=video_description&amp;redir_token=QUFFLUhqbko0U3dKT3g3NWVLTXlrcjREVmxOZmdGSHM5UXxBQ3Jtc0tuME9qbUdPYlpjY0p6OFkxaS1TSlJzOXgwbVhFYlZNVUFrd1RzRXZIamJJQmk5QUNIYlVoZ1JnV0pQWjJ1b0ZERWtJTkVWNzZDLWxLNVVMZjJyaVBIUHVmYTBZUzhVMk4tZno0UWVtZW9TS2FUUFFSaw&amp;q=https%3A%2F%2Famzn.to%2F3MWfcL4&amp;v=hUIpY5z9iDM" data-saferedirecturl="https://www.google.com/url?q=https://www.youtube.com/redirect?event%3Dvideo_description%26redir_token%3DQUFFLUhqbko0U3dKT3g3NWVLTXlrcjREVmxOZmdGSHM5UXxBQ3Jtc0tuME9qbUdPYlpjY0p6OFkxaS1TSlJzOXgwbVhFYlZNVUFrd1RzRXZIamJJQmk5QUNIYlVoZ1JnV0pQWjJ1b0ZERWtJTkVWNzZDLWxLNVVMZjJyaVBIUHVmYTBZUzhVMk4tZno0UWVtZW9TS2FUUFFSaw%26q%3Dhttps%253A%252F%252Famzn.to%252F3MWfcL4%26v%3DhUIpY5z9iDM&amp;source=gmail&amp;ust=1686386870688000&amp;usg=AOvVaw3ywG3Sq2jPg9t3NqNbIywE">https://amzn.to/3MWfcL4</a>  Buy To Let: How To Get Started = <a href="https://www.youtube.com/redirect?event=video_description&amp;redir_token=QUFFLUhqa1E2QUx5dmRkUWFTQWsyVmhLbGVrb0FxcUNnUXxBQ3Jtc0tselFnNnk5VGRBcVEzeFlveldhVUdtZmNGdlJqR1V5ejYwQTZSUFJYMFRYdXpKS0NGSWZaT2o5blZ1RXl4bG1XbVdZWTQtU3cyVWlib09ZR0xIMGxzOU85ZjNsQlQ0X0Y4aEFXeWpZMTFPQW1oTXQxUQ&amp;q=https%3A%2F%2Famzn.to%2F3genjle&amp;v=hUIpY5z9iDM" data-saferedirecturl="https://www.google.com/url?q=https://www.youtube.com/redirect?event%3Dvideo_description%26redir_token%3DQUFFLUhqa1E2QUx5dmRkUWFTQWsyVmhLbGVrb0FxcUNnUXxBQ3Jtc0tselFnNnk5VGRBcVEzeFlveldhVUdtZmNGdlJqR1V5ejYwQTZSUFJYMFRYdXpKS0NGSWZaT2o5blZ1RXl4bG1XbVdZWTQtU3cyVWlib09ZR0xIMGxzOU85ZjNsQlQ0X0Y4aEFXeWpZMTFPQW1oTXQxUQ%26q%3Dhttps%253A%252F%252Famzn.to%252F3genjle%26v%3DhUIpY5z9iDM&amp;source=gmail&amp;ust=1686386870688000&amp;usg=AOvVaw3wSr9vgHsK-gwrLCtfirSU">https://amzn.to/3genjle</a>   101 Top Property Tips = <a href="https://www.youtube.com/redirect?event=video_description&amp;redir_token=QUFFLUhqbmVnUXA2cFZwWS1uMktqZGZTNEFPUXRMeFg4QXxBQ3Jtc0trRzFnd1NPWWRjZU5tLVlnZjRNQ0FmX3RjazV2aXE4ZGVQbDJOVW13OEc4TkdrMDJhUHlLcGdETWQxNzRmVWZCUkRtMTZXZEVPY1ktOXhScEZCejNudHFBTTVuQ1poU1Q3bFlBSDdPTEpfTWV3SEFCUQ&amp;q=https%3A%2F%2Famzn.to%2F2NxuAQL&amp;v=hUIpY5z9iDM" data-saferedirecturl="https://www.google.com/url?q=https://www.youtube.com/redirect?event%3Dvideo_description%26redir_token%3DQUFFLUhqbmVnUXA2cFZwWS1uMktqZGZTNEFPUXRMeFg4QXxBQ3Jtc0trRzFnd1NPWWRjZU5tLVlnZjRNQ0FmX3RjazV2aXE4ZGVQbDJOVW13OEc4TkdrMDJhUHlLcGdETWQxNzRmVWZCUkRtMTZXZEVPY1ktOXhScEZCejNudHFBTTVuQ1poU1Q3bFlBSDdPTEpfTWV3SEFCUQ%26q%3Dhttps%253A%252F%252Famzn.to%252F2NxuAQL%26v%3DhUIpY5z9iDM&amp;source=gmail&amp;ust=1686386870688000&amp;usg=AOvVaw08Em7GiLbSgqTl0j-gHsly">https://amzn.to/2NxuAQL</a>  
ABOUT THE HOST Rob Smallbone is the author of the Amazon best-seller Buy-To-Let: How To Get Started as well as 101 Top Property Tips and Property FAQ’s.

The Property Nomads Podcast

The Property Nomads

1 House, 2 homes - 1 Massive Change to Permitted Development Rights

Rob discusses the controversial topic of selective licensing, looking into the implications of selective licensing on landlords in certain areas of the UK, particularly in England. The episode highlights how selective licensing can be seen as a cash generator for councils, creating more bureaucracy and expenses for landlords. 

KEY TAKEAWAYS
Selective licensing is a process where landlords in certain areas are required to obtain a license for each property, leading to additional costs and bureaucracy.
The implementation of selective licensing can result in councils having more power and potentially targeting good landlords for fines and penalties.
Selective licensing can deter landlords from investing in certain areas, leading to a decrease in available rental properties and potentially driving up rents due to supply and demand.
The scheme of selective licensing should ideally be non-profit to ensure that the income matches the outgoings.
It is important to be cautious and aware of selective licensing regulations in the areas where you operate as a landlord or property investor.

BEST MOMENTS

"Selective licensing is not a good thing. It gives councils too much power."

"Selective licensing is another way to bash landlords. It's another way to put a cost of business on the landlord."

"The challenge with selective licensing is what it can do is it gives the councils more power and then they will exacerbate that power."

"If landlords start selling up and first-time buyers start buying, or landlords sell up and there's no other landlords to buy, then the amount of stock available goes down."

VALUABLE RESOURCES

https://www.bbc.co.uk/news/articles/cxr33l9dx0yo

GET YOUR PROPERTY DEVELOPMENT FINANCE HERE:

https://propertyfundingplatform.com/WharfFinancial#!/borrowerinitialregistration

SOCIAL MEDIA/CONTACT US

https://linktr.ee/thepropertynomadspodcast

BOOKS

Property FAQs = https://amzn.to/3MWfcL4

Buy To Let: How To Get Started = https://amzn.to/3genjle

101 Top Property Tips = https://amzn.to/2NxuAQL

Rob discusses the controversial topic of selective licensing, looking into the implications of selective licensing on landlords in certain areas of the UK, particularly in England. The episode highlights how selective licensing can be seen as a cash generator for councils, creating more bureaucracy and expenses for landlords. 
KEY TAKEAWAYS
<ul>
<li>Selective licensing is a process where landlords in certain areas are required to obtain a license for each property, leading to additional costs and bureaucracy.</li>
<li>The implementation of selective licensing can result in councils having more power and potentially targeting good landlords for fines and penalties.</li>
<li>Selective licensing can deter landlords from investing in certain areas, leading to a decrease in available rental properties and potentially driving up rents due to supply and demand.</li>
<li>The scheme of selective licensing should ideally be non-profit to ensure that the income matches the outgoings.</li>
<li>It is important to be cautious and aware of selective licensing regulations in the areas where you operate as a landlord or property investor.</li>
</ul>
BEST MOMENTS
"Selective licensing is not a good thing. It gives councils too much power."
"Selective licensing is another way to bash landlords. It's another way to put a cost of business on the landlord."
"The challenge with selective licensing is what it can do is it gives the councils more power and then they will exacerbate that power."
"If landlords start selling up and first-time buyers start buying, or landlords sell up and there's no other landlords to buy, then the amount of stock available goes down."
VALUABLE RESOURCES
<a href="https://www.bbc.co.uk/news/articles/cxr33l9dx0yo">https://www.bbc.co.uk/news/articles/cxr33l9dx0yo</a> 
GET YOUR PROPERTY DEVELOPMENT FINANCE HERE:
<a href="https://www.msn.com/en-gb/money/other/new-5-000-deposit-mortgage-allows-homeowners-to-borrow-up-to-99/ar-BB1kAyPG?cvid=a8d56fce268a490ed6c3e1a701b2dae2&amp;amp;ocid=winp2fptaskbar&amp;amp;ei=5&amp;amp;sc=shoreline">https://propertyfundingplatform.com/WharfFinancial#!/borrowerinitialregistration</a>
SOCIAL MEDIA/CONTACT US
<a href="https://www.msn.com/en-gb/money/other/new-5-000-deposit-mortgage-allows-homeowners-to-borrow-up-to-99/ar-BB1kAyPG?cvid=a8d56fce268a490ed6c3e1a701b2dae2&amp;amp;ocid=winp2fptaskbar&amp;amp;ei=5&amp;amp;sc=shoreline">https://linktr.ee/thepropertynomadspodcast</a>
BOOKS 
Property FAQs = <a href="https://www.msn.com/en-gb/money/other/new-5-000-deposit-mortgage-allows-homeowners-to-borrow-up-to-99/ar-BB1kAyPG?cvid=a8d56fce268a490ed6c3e1a701b2dae2&amp;amp;ocid=winp2fptaskbar&amp;amp;ei=5&amp;amp;sc=shoreline">https://amzn.to/3MWfcL4</a>  
Buy To Let: How To Get Started = <a href="https://www.msn.com/en-gb/money/other/new-5-000-deposit-mortgage-allows-homeowners-to-borrow-up-to-99/ar-BB1kAyPG?cvid=a8d56fce268a490ed6c3e1a701b2dae2&amp;amp;ocid=winp2fptaskbar&amp;amp;ei=5&amp;amp;sc=shoreline">https://amzn.to/3genjle</a>  
101 Top Property Tips = <a href="https://www.msn.com/en-gb/money/other/new-5-000-deposit-mortgage-allows-homeowners-to-borrow-up-to-99/ar-BB1kAyPG?cvid=a8d56fce268a490ed6c3e1a701b2dae2&amp;amp;ocid=winp2fptaskbar&amp;amp;ei=5&amp;amp;sc=shoreline">https://amzn.to/2NxuAQL</a>

Selective Licensing - Why it is a BAD idea

Rob discusses the Village Green Protection Law, dating back to 1857, and its impact on property development in the UK. The law allows certain areas to be designated as village greens, preventing any development or enclosure on the land. The episode highlights how residents are using this law to halt developers from building on specific plots of land, creating obstacles for increasing housing supply. 

KEY TAKEAWAYS
The Village Green Protection Law, dating back to 1857, is being used by villagers and individuals to prevent developers from developing land.
In order for land to be designated as a village green, it must have been used for sports, pastimes, and recreation for at least 20 consecutive years.
Developers need to consider the Village Green Protection Law when looking at land for development, as more people are seeking to designate areas as village greens.
Examples of the law being used include blocking a housing development in Bristol and designating a plot near a supermarket in Ashford, Kent, as a village green.
Once land is designated as a village green, it cannot be developed or enclosed, regardless of ownership.

BEST MOMENTS

"It pretty much means that that land is not able to be developed on. No matter who owns it, you are not allowed to develop on it, nor are you allowed to enclose that land either."

"You're in an area where you don't want development to happen. You're a nimby, as they say, not in my backyard. You don't want developments to happen. You want to be able to protect it somehow."

"If you are a developer and you're developing something or you're looking to develop something, you're going to have to now be aware of this law, the Village Green Protection Law from 1857."

"Purely because once something is designated as a village green, it cannot be developed or enclosed. Regardless of who owns what, it cannot be developed on."

VALUABLE RESOURCES

https://www.msn.com/en-gb/money/other/new-5-000-deposit-mortgage-allows-homeowners-to-borrow-up-to-99/ar-BB1kAyPG?cvid=a8d56fce268a490ed6c3e1a701b2dae2&ocid=winp2fptaskbar&ei=5&sc=shoreline

GET YOUR PROPERTY DEVELOPMENT FINANCE HERE:

https://propertyfundingplatform.com/WharfFinancial#!/borrowerinitialregistration

SOCIAL MEDIA/CONTACT US

https://linktr.ee/thepropertynomadspodcast

BOOKS

Property FAQs = https://amzn.to/3MWfcL4

Buy To Let: How To Get Started = https://amzn.to/3genjle

101 Top Property Tips = https://amzn.to/2NxuAQL

Rob discusses the Village Green Protection Law, dating back to 1857, and its impact on property development in the UK. The law allows certain areas to be designated as village greens, preventing any development or enclosure on the land. The episode highlights how residents are using this law to halt developers from building on specific plots of land, creating obstacles for increasing housing supply. 
KEY TAKEAWAYS
<ul>
<li>The Village Green Protection Law, dating back to 1857, is being used by villagers and individuals to prevent developers from developing land.</li>
<li>In order for land to be designated as a village green, it must have been used for sports, pastimes, and recreation for at least 20 consecutive years.</li>
<li>Developers need to consider the Village Green Protection Law when looking at land for development, as more people are seeking to designate areas as village greens.</li>
<li>Examples of the law being used include blocking a housing development in Bristol and designating a plot near a supermarket in Ashford, Kent, as a village green.</li>
<li>Once land is designated as a village green, it cannot be developed or enclosed, regardless of ownership.</li>
</ul>
BEST MOMENTS
"It pretty much means that that land is not able to be developed on. No matter who owns it, you are not allowed to develop on it, nor are you allowed to enclose that land either."
"You're in an area where you don't want development to happen. You're a nimby, as they say, not in my backyard. You don't want developments to happen. You want to be able to protect it somehow."
"If you are a developer and you're developing something or you're looking to develop something, you're going to have to now be aware of this law, the Village Green Protection Law from 1857."
"Purely because once something is designated as a village green, it cannot be developed or enclosed. Regardless of who owns what, it cannot be developed on."
VALUABLE RESOURCES
<a href="https://www.msn.com/en-gb/money/other/new-5-000-deposit-mortgage-allows-homeowners-to-borrow-up-to-99/ar-BB1kAyPG?cvid=a8d56fce268a490ed6c3e1a701b2dae2&amp;amp;ocid=winp2fptaskbar&amp;amp;ei=5&amp;amp;sc=shoreline">https://www.msn.com/en-gb/money/other/new-5-000-deposit-mortgage-allows-homeowners-to-borrow-up-to-99/ar-BB1kAyPG?cvid=a8d56fce268a490ed6c3e1a701b2dae2&amp;ocid=winp2fptaskbar&amp;ei=5&amp;sc=shoreline</a> 
GET YOUR PROPERTY DEVELOPMENT FINANCE HERE:
<a href="https://www.msn.com/en-gb/money/other/new-5-000-deposit-mortgage-allows-homeowners-to-borrow-up-to-99/ar-BB1kAyPG?cvid=a8d56fce268a490ed6c3e1a701b2dae2&amp;amp;ocid=winp2fptaskbar&amp;amp;ei=5&amp;amp;sc=shoreline">https://propertyfundingplatform.com/WharfFinancial#!/borrowerinitialregistration</a>
SOCIAL MEDIA/CONTACT US
<a href="https://www.msn.com/en-gb/money/other/new-5-000-deposit-mortgage-allows-homeowners-to-borrow-up-to-99/ar-BB1kAyPG?cvid=a8d56fce268a490ed6c3e1a701b2dae2&amp;amp;ocid=winp2fptaskbar&amp;amp;ei=5&amp;amp;sc=shoreline">https://linktr.ee/thepropertynomadspodcast</a>
BOOKS 
Property FAQs = <a href="https://www.msn.com/en-gb/money/other/new-5-000-deposit-mortgage-allows-homeowners-to-borrow-up-to-99/ar-BB1kAyPG?cvid=a8d56fce268a490ed6c3e1a701b2dae2&amp;amp;ocid=winp2fptaskbar&amp;amp;ei=5&amp;amp;sc=shoreline">https://amzn.to/3MWfcL4</a>  
Buy To Let: How To Get Started = <a href="https://www.msn.com/en-gb/money/other/new-5-000-deposit-mortgage-allows-homeowners-to-borrow-up-to-99/ar-BB1kAyPG?cvid=a8d56fce268a490ed6c3e1a701b2dae2&amp;amp;ocid=winp2fptaskbar&amp;amp;ei=5&amp;amp;sc=shoreline">https://amzn.to/3genjle</a>  
101 Top Property Tips = <a href="https://www.msn.com/en-gb/money/other/new-5-000-deposit-mortgage-allows-homeowners-to-borrow-up-to-99/ar-BB1kAyPG?cvid=a8d56fce268a490ed6c3e1a701b2dae2&amp;amp;ocid=winp2fptaskbar&amp;amp;ei=5&amp;amp;sc=shoreline">https://amzn.to/2NxuAQL</a>

1857 Law being used to stop developments

Rob delves into the intricacies of leaseholds in this episode, focusing specifically on the importance of lease length when considering purchasing a leasehold property. Rob highlights the potential challenges that arise when a lease falls below 80 years, making it difficult to secure a mortgage and significantly increasing the cost of extending the lease. Listeners are advised to consult with a specialist solicitor and factor in the premium for extending the lease when evaluating the value of a property. 

KEY TAKEAWAYS
When considering purchasing a leasehold property, it's crucial to pay attention to the length of the lease. Leases typically range between 99 and 125 years, with longer leases being more favourable.
Extending a lease comes with a cost, which can significantly increase when the lease falls below 80 years. This can impact the property's value and the ability to secure lending.
The premium for extending a lease can vary based on factors such as the property's value and the remaining lease length. It's essential to factor in these costs when buying a leasehold property.
To extend a lease, there is an ownership test requirement, where the claimant must have owned the lease for two years before making a claim. This test can impact the premium for extending the lease.

BEST MOMENTS

"There comes a point where if the length of the lease gets to a certain time frame, then it could become much more challenging to get a mortgage on that property."

"The cost, though, of increasing the length of lease significantly increases when the lease falls below 80 years. This normally means that lenders won't lend on it."

"Surprise, surprise, the government have proposed reforms to make it cheaper to extend short leases. But as with anything and everything that's been going on through the halls of Westminster, you probably won't be surprised to hear that that's going to take a while for that to go through."

"If, for example, a flat's worth £500,000, and it's got 81 years left on the lease, then the premium on extending that lease would be around about 11,000 pounds."

"General rule of thumb is that when a leasehold or when a lease is 80 years or less, then it becomes significantly more challenging to get any form of lending on it."

VALUABLE RESOURCES

https://www.msn.com/en-gb/money/other/new-5-000-deposit-mortgage-allows-homeowners-to-borrow-up-to-99/ar-BB1kAyPG?cvid=a8d56fce268a490ed6c3e1a701b2dae2&ocid=winp2fptaskbar&ei=5&sc=shoreline

GET YOUR PROPERTY DEVELOPMENT FINANCE HERE:

https://propertyfundingplatform.com/WharfFinancial#!/borrowerinitialregistration

SOCIAL MEDIA/CONTACT US

https://linktr.ee/thepropertynomadspodcast

BOOKS

Property FAQs = https://amzn.to/3MWfcL4

Buy To Let: How To Get Started = https://amzn.to/3genjle

101 Top Property Tips = https://amzn.to/2NxuAQL

Rob delves into the intricacies of leaseholds in this episode, focusing specifically on the importance of lease length when considering purchasing a leasehold property. Rob highlights the potential challenges that arise when a lease falls below 80 years, making it difficult to secure a mortgage and significantly increasing the cost of extending the lease. Listeners are advised to consult with a specialist solicitor and factor in the premium for extending the lease when evaluating the value of a property. 
KEY TAKEAWAYS
<ul>
<li>When considering purchasing a leasehold property, it's crucial to pay attention to the length of the lease. Leases typically range between 99 and 125 years, with longer leases being more favourable.</li>
<li>Extending a lease comes with a cost, which can significantly increase when the lease falls below 80 years. This can impact the property's value and the ability to secure lending.</li>
<li>The premium for extending a lease can vary based on factors such as the property's value and the remaining lease length. It's essential to factor in these costs when buying a leasehold property.</li>
<li>To extend a lease, there is an ownership test requirement, where the claimant must have owned the lease for two years before making a claim. This test can impact the premium for extending the lease.</li>
</ul>
BEST MOMENTS
"There comes a point where if the length of the lease gets to a certain time frame, then it could become much more challenging to get a mortgage on that property."
"The cost, though, of increasing the length of lease significantly increases when the lease falls below 80 years. This normally means that lenders won't lend on it."
"Surprise, surprise, the government have proposed reforms to make it cheaper to extend short leases. But as with anything and everything that's been going on through the halls of Westminster, you probably won't be surprised to hear that that's going to take a while for that to go through."
"If, for example, a flat's worth £500,000, and it's got 81 years left on the lease, then the premium on extending that lease would be around about 11,000 pounds."
"General rule of thumb is that when a leasehold or when a lease is 80 years or less, then it becomes significantly more challenging to get any form of lending on it."
VALUABLE RESOURCES
<a href="https://www.msn.com/en-gb/money/other/new-5-000-deposit-mortgage-allows-homeowners-to-borrow-up-to-99/ar-BB1kAyPG?cvid=a8d56fce268a490ed6c3e1a701b2dae2&amp;amp;ocid=winp2fptaskbar&amp;amp;ei=5&amp;amp;sc=shoreline">https://www.msn.com/en-gb/money/other/new-5-000-deposit-mortgage-allows-homeowners-to-borrow-up-to-99/ar-BB1kAyPG?cvid=a8d56fce268a490ed6c3e1a701b2dae2&amp;ocid=winp2fptaskbar&amp;ei=5&amp;sc=shoreline</a> 
GET YOUR PROPERTY DEVELOPMENT FINANCE HERE:
<a href="https://www.msn.com/en-gb/money/other/new-5-000-deposit-mortgage-allows-homeowners-to-borrow-up-to-99/ar-BB1kAyPG?cvid=a8d56fce268a490ed6c3e1a701b2dae2&amp;amp;ocid=winp2fptaskbar&amp;amp;ei=5&amp;amp;sc=shoreline">https://propertyfundingplatform.com/WharfFinancial#!/borrowerinitialregistration</a>
SOCIAL MEDIA/CONTACT US
<a href="https://www.msn.com/en-gb/money/other/new-5-000-deposit-mortgage-allows-homeowners-to-borrow-up-to-99/ar-BB1kAyPG?cvid=a8d56fce268a490ed6c3e1a701b2dae2&amp;amp;ocid=winp2fptaskbar&amp;amp;ei=5&amp;amp;sc=shoreline">https://linktr.ee/thepropertynomadspodcast</a>
BOOKS 
Property FAQs = <a href="https://www.msn.com/en-gb/money/other/new-5-000-deposit-mortgage-allows-homeowners-to-borrow-up-to-99/ar-BB1kAyPG?cvid=a8d56fce268a490ed6c3e1a701b2dae2&amp;amp;ocid=winp2fptaskbar&amp;amp;ei=5&amp;amp;sc=shoreline">https://amzn.to/3MWfcL4</a>  
Buy To Let: How To Get Started = <a href="https://www.msn.com/en-gb/money/other/new-5-000-deposit-mortgage-allows-homeowners-to-borrow-up-to-99/ar-BB1kAyPG?cvid=a8d56fce268a490ed6c3e1a701b2dae2&amp;amp;ocid=winp2fptaskbar&amp;amp;ei=5&amp;amp;sc=shoreline">https://amzn.to/3genjle</a>  
101 Top Property Tips = <a href="https://www.msn.com/en-gb/money/other/new-5-000-deposit-mortgage-allows-homeowners-to-borrow-up-to-99/ar-BB1kAyPG?cvid=a8d56fce268a490ed6c3e1a701b2dae2&amp;amp;ocid=winp2fptaskbar&amp;amp;ei=5&amp;amp;sc=shoreline">https://amzn.to/2NxuAQL</a>

1 House, 2 homes - 1 Massive Change to Permitted Development Rights

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