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Money Tips Podcast

By: Charles Kelly
  • Summary

  • Money Tips by Charles Kelly, author of Yes, Money Can Buy You Happiness. Charles spent over 25 years in financial services working for banks, Insurance companies and as a qualified Independent Financial Adviser running his practice, before setting up his speaking, consultancy and property business. Money Tips will help you save, make and accumulate more money whether you are a business owner, entrepreneur, employee or still searching for your vocation. For more tips and information visit Mondeytipsdaily.com. The Information given in this podcast is for your entertainment and should not be construed as financial advice. As always, take independent financial advice before making any investment decisions.

    2024 Charles Kelly
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Episodes
  • How Will the New Labour Government Transform the UK Housing Market?
    Jul 26 2024
    How Will the New Labour Government Transform the UK Housing Market? What will this mean for Landlords and Tenants? The election of a new Labour government, and Prime Minister Sir Kier Starmer, brings a wave of anticipation and uncertainty, particularly regarding the UK housing market and the buy-to-let property sector. As Labour's policies start to unfold, both landlords and tenants are keen to understand the potential impacts. Labour's Housing Policies Labour has long championed affordable housing and tenant rights. Their manifesto includes ambitious plans to build 1.5 million new homes over the current parliament, introduce rent controls, and increase ‘protections’ for tenants. This could significantly shift the landscape for both homeowners and the buy-to-let market. The Renters Reform Bill will be resurrected and will almost certainly include an end to Section 21 ‘no fault’ evictions and more ‘secure’ tenancies. Impact on the Housing Market Increased Housing Supply: Labour's pledge to build more homes aims to address the chronic housing shortage. This could stabilize or even reduce house prices, making it easier for first-time buyers to enter the market. Affordability: By increasing housing supply, Labour hopes to make homes more affordable. This is particularly beneficial for young people and families currently priced out of the market. Effects on the Buy-to-Let Market Rent Controls: One of the most talked-about Labour policies is the introduction of rent controls. While this aims to protect tenants from excessive rent hikes, landlords might see a cap on their rental income, potentially reducing the profitability of buy-to-let investments. Tenant Protections: Enhanced tenant protections could include longer tenancies and restrictions on eviction procedures. This provides tenants with greater security but might limit landlords' flexibility in managing their properties and will be a challenge to small landlords.Tax Changes: Labour has suggested revisiting tax reliefs available to landlords. Possible reductions in tax incentives could discourage new buy-to-let investments and prompt some landlords to sell their properties. What This Means for Landlords Landlords might face increased regulation and potentially lower returns on their investments. It is crucial for landlords to stay informed about new policies and consider strategies to adapt, such as focusing on property quality and location to attract long-term tenants. What This Means for Tenants Tenants are likely to benefit from increased protections and potentially lower rents. Labour's policies aim to create a fairer rental market, offering tenants more stability and affordability. Immigration The new Prime Minister has promised to deal with the “small boats” illegal immigration, as well the “processing” the huge backlog of asylum cases. He refused to say what he means by “processing” applications, but it will probably involve some kind of an amnesty or “legacy” scheme as implemented by the Blair government. In practice, hundreds of thousands of migrants will be granted leave to remain whether or not the arrived in the UK legally. This means asylum seekers will be able to work and could see an end to temporary housing and hotel accommodation. Conclusion Prime Minister Sir Kier Starmer’s Labour government’s policies are set to bring significant changes to the UK housing market and the buy-to-let sector. While tenants stand to gain from greater protections and affordability, landlords may need to navigate tighter regulations and potentially lower profits. Staying informed and adaptable will be key for all parties involved. Understanding these potential changes is crucial for navigating the evolving landscape of the UK housing market. Stay tuned for more insights and expert advice on how to manage your property investments under the new Labour government. Section 24 Landlord Tax Hike Interview with Chartered Accountant and property tax specialist who reveals options and solutions to move your properties from your own name into a limited company or LLP whilst mitigating the potential HMRC pitfalls. Email charles@charleskelly.net for a free consultation on how to deal with Section 24. Watch video now: https://youtu.be/aMuGs_ek17s 3 Steps To Unlocking Financial Freedom! Could you do more with your money and finances? I want to take you to the next level, help you get control of your money, learn how to invest and become financially free. Join me online on my free live money management training Wednesday at 7.00PM. Places are limited, so register now below to avoid disappointment. https://bit.ly/3QPp8IH #finance #moneytraining #moneymanagement #wealth #money #UKHousingMarket #BuyToLet #LabourGovernment #PropertyInvesting #TenantRights #LandlordTips #HousingPolicy #AffordableHousing #RentControls #RealEstateInvesting #UKProperty #PrimeMinisterSirKierStarmer #section21 #section21nofaulteviction
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    24 mins
  • Mortgage Rates Fall Despite Bank of England Hold
    Jul 18 2024

    Mortgage rates are coming down despite the Bank of England holding the base rate at a 15 year high at 5.25%.

    In this episode we discuss:

    • Housing market and mortgage rates
    • Section 24 Tax Trap for Landlords
    • Money Management and Financial Freedom
    • Gold and Silver Vs Cash Currency

    Watch full video at Charles Kelly Money Tips Podcast - https://youtu.be/zgHqeA_hhUA

    Section 24 Landlord Tax Hike

    Interview with Chartered Accountant and property tax specialist who reveals options and solutions to move your properties from your own name into a limited company or LLP whilst mitigating the potential HMRC pitfalls.

    Email charles@charleskelly.net for a free consultation on how to deal with Section 24.

    Watch video now: https://youtu.be/aMuGs_ek17s

    3 Steps To Unlocking Financial Freedom!

    Could you do more with your money and finances?

    I want to take you to the next level, help you get control of your money, learn how to invest and become financially free.

    Join me online on my free live money management training Wednesday at 7.00PM.

    Places are limited, so register now below to avoid disappointment.

    https://bit.ly/3QPp8IH

    #finance #moneytraining #moneymanagement #wealth #money #marketing #sales #debt #leverage #property #investment #Homeownership #financialplanning #moneymanagement #financialfreedom #section24tax #financialindependenceretireearly

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    19 mins
  • Financial Planning And Wealth Management For High-Earning Millennial Couples
    Jul 11 2024

    Interview with Theodore (T.J.) van Gerven CFP, as Boston-based Certified Financial Planner and podcaster covering the subject of “How to maintain financial independence and create growth and income streams from investments”.

    In this episode we discuss:

    • ‘F.I.R.E’ for Millennials
    • Money Talks But Wealth Whispers
    • How to financially plan for retirement or a sabbatical
    • How to effectively manage finances for newly married couples
    • Planning for an IPO: how to make the most of equity compensation

    Watch full video at Charles Kelly Money Tips Podcast - https://youtu.be/VzpfEsAUwkw

    Theodore Joseph (T.J.) is the founder of Modern Wealth Builders, that aims to help maximize your resources and he is passionate about helping millennials to use money intentionally as a tool to build toward financial flexibility while accomplishing various goals on the path to independence.

    Website: https://modernwealthbuilders.com

    YouTube: https://www.youtube.com/channel/UCxejrzu3vF5dc9V3tb9uOoQ

    Nectarine.com: https://hellonectarine.com/r/moneytips

    Section 24 Landlord Tax Hike

    Interview with Chartered Accountant and property tax specialist who reveals options and solutions to move your properties from your own name into a limited company or LLP whilst mitigating the potential HMRC pitfalls.

    Email charles@charleskelly.net for a free consultation on how to deal with Section 24.

    Watch video now: https://youtu.be/aMuGs_ek17s

    3 Steps To Unlocking Financial Freedom!

    Could you do more with your money and finances?

    I want to take you to the next level, help you get control of your money, learn how to invest and become financially free.

    Join me online on my free live money management training Wednesday at 7.00PM.

    Places are limited, so register now below to avoid disappointment.

    https://bit.ly/3QPp8IH

    #finance #moneytraining #moneymanagement #wealth #money #marketing #sales #debt #leverage #property #investment #Homeownership #financialplanning #moneymanagement #financialfreedom #FIRE #financialindependenceretireearly

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    35 mins

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