PROPERTY: The GREAT Holiday Let Crackdown

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In this episode, Rob digs into the facts behind a recent story that says councils will soon have the right to double council tax bills on second homes, not in use. As well as on those that are let out for at least 70 days a year.
He looks at the situation from several angles. Including, providing understanding on how it would impact accidental landlords, holiday let owners and others. Rob also talks about why so many people are opting for green mortgages.
KEY TAKEAWAYS

  • Locals in tourist hotspots have had their complaints heard.
  • Higher tax bills and limits on visitor numbers are muted in a government crackdown.
  • In Wales, the necessary legal framework to charge holiday lets more council tax are already in place.
  • There are also moves to increase the land transaction rate on holiday lets.
  • There are always legal ways to minimise the impact of any rule changes.
  • In some parts of the UK, 16% of properties are second homes.
  • The green mortgage market is going to grow fast.
  • The EPC software has flaws which are slowing the rate at which landlords and homeowners are going green.

BEST MOMENTS
‘The glut of properties in the region (South England) means investors could face heavy losses.’
‘Owners will need to apply for a licence from the local authority.’
‘There is a surge in green mortgages.
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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The Property Nomads Podcast deep dives into property, mindset and travel. From how to buy your first 
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