The A-Z of UK Property Networking Events

The Property Investor Show 2010 was held at London’s Excel between 14^th & 16^th October 2010.

At 1.30pm on Friday 15^th October 2010, Property Tribes, the online community founded by husband and wife team Nick Tadd and Vanessa Warwick held “The Great Landlord Debate” a “free for all questioning” to a – what Nick described as  - distinguished panel. Which consisted of Ahm Charles, John Corey, Lisa Orme, Nigel Fitzerlakey, Nick Dare and the great Paul Shamplina – and if you don’t know any of these people – trust me – you want to and need to.

The debate was great and was recorded using the  #propshow #gld hashtag on Twitter For those who missed the debate or the Twitter feed, I have produced a transcript here.

#propshow #gld @4_wallsbelieves that interest rates will not increase significantly for the next 3 to 4 years

@baijusolanki > Listening to the Great Landlord debate at #propshow #gld Question: How to deal with tenent that pays, but pays late?

@castlemont> Good advice from Nick Tadd @4_Walls re seminars & gurus- if you knew the winning lottery numbers, would you sell them? #propshow #gld

#propshow #gld @lisaorme ‘crystal ball time’ General concensus from mortgage industry that interest rates 2011 – 1%, <2% for 3 to 5 years

#propshow #gld Interest rates unlikely to rise dramatically in the near future, fixe rates may be preferable when rates increase

#propshow #gld Now is a good time to switch to repayment products to take advantage of low interest rates, check your LTV rates

#propshow #gld @lisaorme Sell, Buy/Sell and pat down debt to increase portfolio equity

@financecoaching> RT @4_Walls: #propshow #gld @lisaorme ‘crystal ball time’ General concensus from mortgage industry that interest rates 2011 – 1%, <2% for 3 to 5 years

#propshow #gld *pay* down debt

@Juliansampsonww> RT @4_Walls: #propshow #gld @juliansampsonww advocates a ‘cool down’ period for deals, sleep on it to see if its still a good idea

@juliansampsonww> RT @4_Walls: #propshow #gld @juliansampsonww “What happens if a lease option party becomes bankrupt?” Beware, there is more to come on the legal

#propshow #gld Check out the popular property forums for FREE advice and information #proptribes #singingpig recommended

@financecoaching> RT @4_Walls: #propshow #gld *pay* down debt

#propshow #gld From the audience; pressure test your portfolio profits and use to pay down debt or improve properties

#propshow #gld Nationwide do not intend to cap number of mortgages, new lenders will mean more competitve deals

#propshow #gld @lisaorme A number of new BTL lenders currently going through the approval process although lending limits apply

#propshow #gld @lisaorme Do not underestimate how positive lenders are about the BTL market

#propshow #gld Question on HMO regulation, How does it work?

#propshow #gld @lisaorme Labour government made planning proposals which the coalition intend to repeal

#propshow #gld Judicial Review regarding HMO planning laws began this week

@juliansampsonww> RT @4_Walls: #propshow #gld @lisaorme Do not underestimate how positive lenders are about the BTL market

#propshow #gld Join in the debate on the web, feel free to ask questions to the panel

#propshow #gld Ensure that you always speak to your local authority before commiting to any HMO deal

@baijusolanki > BREAKING NEWS: Lenders are lovin’ the BTL Market #propshow #gld

#propshow #gld How favourable are the High Street Banks for mortgage lending? @4_walls has experience with Natwest

#propshow #gld @lisaorme Lloyds Group do not apply cap for commercial lending although LTVs, Rental Coverage and Business Plan needed

#propshow #gld Nick Dare speaks well of Lloyds Commercial lending,’banking is all about being professional and building a good relationship’

#propshow #gld @john_corey Private money is a viable alternative to bank lending for property deals

#propshow #gld @ahmcharles Its not a big issue NOT to use bank lending, it will not kill a deal, there are more ways to skin a cat

#propshow #gld @castlemont Is BTL the way forward?

@financecoaching> RT @4_Walls: #propshow #gld @lisaorme Do not underestimate how positive lenders are about the BTL market

#propshow #gld @castlemont @lisaorme “Banks are not buying money in at base or lower, more likely 2%” BTL is commercial finance not resi

#propshow #gld @lisaorme Commercial lending rates at under 5% is fantastic

#propshow #gld From Twitter to @landlordaction What to do if a tenant pays consistently late?

#propshow #gld @landlordaction Do you want to put up with late payment or go for eviction? Use S.21 notices to re-gain your properties

#propshow #gld @landlordaction If you are self managing, make sure you have good credit control and the time to do it or otherwise use agent

#propshow #gld Time your notices to coincide with the requirements of S.8 & S.21 notices, could take 5-6 months to gain possession

@juliansampsonww> “@kevrose: @JulianSampsonWW Re:BTL Difficult/impossible to get anything over 50% LTV through Paragon though I hear #gld #propshow @LisaOrme

#propshow #gld @landlordaction are presentlng a petition to 10 Downing Street need 3,000 names www.landlordaction.co.uk “Big campaign”

#propshow #gld If you want more info on @lanlordaction please visit stand 148

#propshow #gld Make sure you undertake due diligence and referencing on tenants then consider Tenancy insurance and Rent Protection

#propshow #gld As a Landlord, it is imperative to know your legal rights to minimise any delays in the event of a problem, educate yourself

#propshow #gld Always build rapport an maintain a relationship with your tenants to avoid communication breakdowns

#propshow #gld BTL is a business, do not get emotionally involved – Can you support your commitments in the event of voids?

#propshow #gld @4_walls communicate and build relationships in property with your tenants, you are a service provider

#propshow #gld From the audience, Is now a positive period for property investment?

#propshow #gld @ahmcharles “Its a fantastic time to be an investor, people are prepared to do deals”

#propshow #gld Barriers are being lowered to allow more structured deals providing that capital is available

#propshow #gld Are you a Landlord or an Investor? or are they one in the same? Pls Rt using hashtags

#propshow #gld @lisaorme Consider cash collection for rents rather than relying on standing orders, can make the difference in arrears

#propshow #gld Help your tenant to manage his own finances

#propshow #gld @john_corey Consider collecting rents fortnightly, get your money when they have it, can work well for both parties

@castlemont> RT @4_Walls: #propshow #gld Are you a Landlord or an Investor? or are they one in the same? > both, but they’re not the same.

#propshow #gld @landlordaction @landlordaction Has been appealing for direct payments for LHA to be overturned since its inception in 2008

#propshow #gld From the audience, “rents collected on credit card with good results”

#propshow #gld @grumpylandlord is both Landlord and Investor, How do we recover losses after eviction? Can they be placed on a register?

#propshow #gld @landlordaction Data Protection legislation ‘bad tenant’ information cannot be shared, unless enforced money order not CCJ

#propshow #gld Serial Bad Tenants will be flagged to @landlordaction database

#propshow #gld @nicktadd A Landlord has a tactic an Investor has a strategy

#propshow #gld What are the alternatives to conventional BTL finance and how can they be accessed?

#propshow #gld Collective investment schemes will require FSA approval an circa 100k investment, Why would a Hedge Fund? @john_corey

#propshow #gld Beware discussing investment deals with strangers, difficult to secure funds from a cold source – Highly regulate area

#propshow #gld @Lisaorme 18 months of a 2 year period undertaking legals for collective investment scheme at a cost of 180k

#propshow #gld Hedge funds will require a tight business plan on investments at 10m+

#propshow #gld Nick Dare, great deals available on ‘off market’ opportunities that could attract finance

#propshow #gld @ahmcharles ‘Private investors looking for you to invest, they have security and you can return around 20% uplift’

@juliansampsonww> #gld #propshow oh dear- in seminar and five mins in NMD reared it’s head! @4_Walls

#propshow #gld Debate extended by 20 minutes, don’t miss your chance to take part

#propshow #gld @ahmcharles ‘Your local market is so much more important that the wider UK market’

#propshow #gld @nicktadd ‘Search out the pockets in the UK that haven’t been affected by the economic crisis’

#propshow #gld Do holiday lets offer good returns?

#propshow #gld @4_walls Hugh renaissance in british holiday market, improvement in property standards, season extende as a consequence

#propshow #gld UK Holiday lets, look for year round appeal to add to and diversify your portfolio

#propshow #gld #holidaylets Summer lets pay the costs, Look for the niche to maximise Spring & Autumn for you profits

#propshow #gld Just because you can put your rents up, why should you? Consider your relationship with your tenant and your current cashflow

#propshow #gld Can we still do No Money Down?

@castlemont>RT @4_Walls: #propshow #gld Can we still do No Money Down? > not legally

#propshow #gld Article in The Times 18/09/10 Knowingly withold information from a mortgage lender there are civil and criminal consequences

#propshow #gld There are no mainstream, high street lenders that will do No Money Down deals @lisaorme

#propshow #gld How to do NMD deals? Use CASH!! either your own or with an investment partner

#propshow #gld Do not pay attention to ‘our scheme is legal, above board, lender approval’ If you are paying ‘x’ and declaring ‘y’ its FRAUD

#propshow #gld Just because an NMD deal has been funded, it does not mean you are off the hook. Authorities are trawling through deals

#propshow #gld NMD is about collecting ‘fees’ or ‘commission’ not about buying property, do not put yourself at risk

#propshow #gld NMD = mortgage fraud, land registry fraud, tax evasion – PRISON!

#propshow #gld The Mortgage Works have withdrawn lending to deals sourced via property clubs and groups

#propshow #gld The lenders are monitoring forums, twitter an other social media forums

#propshow #gld Beware the hype from Property Packagers who claim 100′s of deals per month, its hype @lisaorme

#propshow #gld Lenders considering pursuit of Property Investors – Do you have professional indemnity insurance?

#propshow #gld Greed in property investment is a huge motivator, take stock and consider the risks before you commit

#propshow #gld Has property investment turned into a pyramid scheme? @landlordaction believes that regulation is the way forward

#propshow #gld @nicktad brings the debate to a close, thanks to the panel.. Remember don’t get conned

#propshow #gld Lets continue the debate on #proptribes, look forward to meeting new friends