In this episode, Rob provides an overview of how the UK eviction law has changed. He explains the impact this is likely to have on landlords. Rob covers the subject of notice periods in-depth, including exceptions.

He rounds up the podcast by sharing his take on where the UK housing market is likely to go in the next few months. Explaining why he has come to that conclusion and sharing why he is still interested in investing in the UK market, for the long term.

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KEY TAKEAWAYS

• The pandemic has created a new environment for both landlords and tenants.
• There is a huge backlog of court cases, including evictions.
• Even under normal circumstances, most landlords end up having to evict problem tenants.
• As of the 1st of June – the notice period for most cases is now 4 months.
• There is latitude for more serious cases, for example, those that relate to anti-social behaviour. Rob covers all of these, in the podcast.
• Landlords and creditors need to be aware of the latest breathing space scheme details.
• It makes sense to use a property specialist to prepare tenant paperwork. Rob demonstrates why that is, in the podcast.
• Many financial professionals believe there is a housing bubble, in the UK.
• Prices could continue to go up, for a while, because there is still more demand than supply.
• The UK is still viewed as being a safe place to invest.
• In the long run, property that you rent out is likely to still be a good investment.
• Rob will be covering the subject of how inflation will affect house prices in next week´s episode.

BEST MOMENTS

‘Dealing with a problem tenant is going to be one of those things.’

‘If there are issues with the paperwork that could make the whole section 8 thing void anyway.’

EPISODE RESOURCES

Debt Respite Scheme (Breathing Space Initiative) - https://www.gov.uk/government/publications/debt-respite-scheme-breathing-space-guidance/debt-respite-scheme-breathing-space-guidance-for-creditors

VALUABLE RESOURCES

The Property Nomads Website 

Buy to Let: How to Get Started – By Rob Smallbone (Amazon)

ABOUT THE HOST

Rob Smallbone the host of The Property Nomads Podcast, is on a global mission to guide your success. Success can happen in many ways, shapes, and forms. Think about what success means to you. More properties? More clients? Financial freedom? Time freedom?

Rob wants to make a huge difference to people around the world. He is here to guide your success in property, business, and life and to inspire you to achieve your goals, dreams, and visions. He's travelled, explored, and invested. And he's not planning on stopping these activities anytime soon.

Buckle up, sit tight, and enjoy the ride that is life.

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