Episodios

  • Unlocking the Secrets of Property Surveys: Your Ultimate Guide

    Unlocking the Secrets of Property Surveys: Your Ultimate Guide
    Sep 12 2023

    For more information on residential or holiday let mortgages, get in touch for a free initial consultation here: https://www.hhhmortgages.com/
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    21 m
  • Financial Planning Tips for Buying a Furnished Holiday Let

    Financial Planning Tips for Buying a Furnished Holiday Let
    Aug 29 2023

    In this episode of the podcast, we're talking about financial planning tips on buying a furnished holiday let. Our guest is Zoe, a chartered financial planner.

    Zoe starts by defining what we mean by a furnished holiday let. She explains that it's a property in the UK that is furnished, rented out with the intention of making a profit, and meets the occupancy conditions. These conditions include being available to let for 210 days per year and being let out for at least 105 days per year.

    Zoe then talks about the tax benefits of owning a furnished holiday let. She explains that you can claim capital allowances, mortgage interest relief, and business rates relief. You can also apportion the profits of the business to the most tax-efficient person, which can be beneficial if one person in the partnership is a higher rate taxpayer.

    Zoe also discusses the risks of owning a furnished holiday let. She mentions that it can be more difficult to manage than a traditional buy-to-let property, and there is always the risk of void periods.

    Finally, Zoe talks about the financial planning considerations that you need to take into account before buying a furnished holiday let. She recommends working with a financial advisor to make sure that you're making the right decision for your individual circumstances.

    Here are some key takeaways from the interview:

    • Furnished holiday lets can offer a number of tax benefits, such as capital allowances, mortgage interest relief, and business rates relief.
    • However, there are also some risks associated with owning a furnished holiday let, such as the higher level of management required and the risk of void periods.
    • It's important to work with a financial advisor before buying a furnished holiday let to make sure that it's the right investment for you.

    If you're thinking about buying a furnished holiday let, I encourage you to listen to this episode of the podcast. Zoe provides a wealth of valuable information that can help you make an informed decision. 
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    34 m
  • Holiday Let Mortgages - A Lender's Perspective

    Holiday Let Mortgages - A Lender's Perspective
    Jul 12 2023

    In this podcast, Julia de Battista from Hodge Bank, talks to Mark about holiday let mortgages. Jules discusses how Hodge got into holiday let lending, what they have learnt in the time they have been lending, and the quality of property they see in the market. She also shares some amusing tales about unusual or quirky holiday let properties.

     

    Julia also provides valuable insights into the holiday let lending market, and some of the history behind Hodge bank and how they give back to the community. This interview is a great resource for anyone who is considering investing in a holiday let property.

     

    Here are some of the key takeaways:

     

    Holiday let lending is a growing market, and there are now many lenders who offer specialist products.

    Lenders will look at a number of factors when assessing a holiday let mortgage application, including the quality of the property, the borrower's financial history, and the rental potential of the property.

    Holiday let mortgages can be a good way to generate income and build equity, but they are not without risks. Borrowers should carefully consider their financial situation before investing in a holiday let property.

    Overall, this is a informative and entertaining podcast that provides valuable insights into the holiday let lending market.

     
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    41 m
  • Mortgages, Property, Holiday Lets, Mark's Devizes Launch

    Mortgages, Property, Holiday Lets, Mark's Devizes Launch
    May 24 2023
    Here's a transcript of this episode: How are you?   Yes. Good. Good, good, good. Love to see you today.   You too. You too.   So you are launching in devices, you've just moved to devices. That's an exciting life change.   Yes, it has. I mean, we got to the stage, Jill, where we were sort of rattling around in the house in Gloucestershire and we thought that a downsize would be better now than should we say in five years time. And, having thought about that, and actually having done it, I'm so glad we did because there was a lot of hard work, there was huge amounts of stuff to physically dispose of, physically give to charity shops physically sell and of course there's lots of paperwork and stress involved in a move. So from a broker point of view, it really did teach me. It made me fitter and it taught me lots of lessons, to be fair. It made me really think, and I sort of appeal to all brokers out there who listen to this, you know, really think about your customer because they're going through an awful lot. You are just doing the paperwork, you are ticking boxes. You are getting hassley calls from a valuer or from a lender or from an underwriter. And you are thinking about it from your point of view, but sometimes you just need also perhaps, and I've certainly learned from this, and I've been doing this a long time, just think about the customer too, because they will be going through all kinds of different emotions. Yes it is, it is a very emotional situation because it's you know, it's your home. So talking of that, how are you settling into the new house?   Love it. Love it. So basically, Jill, we come down to devices. We bought a house half the size. We just find everything so convenient here. So we were in the Cotswolds, we loved it in the Cotswolds. You had many, many friends up there but you know, Claire's just come back from shopping and it's taken a three minutes to go to the supermarket, whereas it's a 20 minute run and then 20 minutes back before. So think about that. You know, used to the environment and all that stuff and, and her time. And our time. You know, it's just a tiny thing, but it just shows and, and everything is around. The neighbors are friendly. The house is lovely. We got work to do. Of course, we have to make it as we want it, but basically, It works. Hey, we've got solar panels, Jill, so I don't understand them, but they seem to be doing the job because there's three green lights on whatever three green lights means. So I need a, I need a chap to come around and show me, a chap or a lady, I should say, shouldn't I, to come and show me how the green, how the solar panels work. But we've got a water softner, so I got a think it beep tap me the other night and I had to get up in the middle night and pour some salt in it cause he got hungry. So we're having lots of fun, um, working out new things. And we got one of those, one of those kettle Taps. Yes. Hot tap. So, so we now put the hot water straight in the cup. So that's the, that's another great thing. So yeah, loving the house, loving the area. We found some really nice walks. Wilshire is a, an understated county. Everybody talks about the Cotswolds and the beauty of the Cotswolds. Yes, I get that. But one of the reasons we came here was because we got married here 35 years ago and we wanted to come back and we are not disappointed. You just go literally a mile out from where we live and you are on a beautiful hill overlooking, you know, all the way back to Bath, all the way back to Salisbury. Absolutely fantastic, that's brilliant. That sounds great. And, yes, and I'm loving the solar panels and water softeners and, you know, and how, what a difference those things can make. In your life, you'll see a difference, I think, in your electricity bills.   We certainly will. We've got no gas. We, I've got no gas bill now, so that's gone west.Dealing with, dealing with the utilities is another thing. You know, it's an interesting thing, I'm trying to deal with my county council to get my council tax up and paid, you know, the, the, the direct debit. Set up and everything else, and they keep asking me to register with an account number, well, they haven't given me an account number, so therefore I can't register. And so yet again, you know the frustration of dealing with a larger organization and all you wanna do is speak to someone. All I want to do is pick up the phone and say, if it's Jill, hi Jill, can you tell me how I access my account number for my council tax? Cause I'd like to pay you, but I can't speak to anybody. It's so frustrating. Bt promised me, I shouldn't say bt. Should I? A? A? Internet provider promised me it would be all done on the 3rd of May. The man came round and he was a nice man and he said, I'll have this done in 10 minutes. And then he disappeared for five hours and I never saw him again. And it, and his boss had to get involved and basically said to me, you know, It was a ...
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    25 m
  • Moving House in 2023

    Moving House in 2023
    Apr 12 2023
    In this episode, Mark talks to Joe about how he got a great price for his property which he recently sold. Full of insights, hints and tips about how to go about buying and selling your home in the current property market, this episode is a treasure-trove of information for anyone considering going on the same journey in 2023. As a mortgage advisor with many years of experience, and a director of House and Holiday Home Mortgages, Mark Stallard really does know what he's talking about when it comes to buying a home -- but this is the first time he's moved in seventeen years. Tune it to hear what he has to say about this -- and make notes! Transcript: So, I've taken over the podcast today. Well, it's a little bit of an impromptu recording, but you are in the process of moving home and …And I thought just hearing you talk about it, because you tell me every single day what's going on, which is really boring, not annoying at all.Yeah. I thought it'd be really good to actually hear your experiences. Cause you haven't moved in 17 years, have you? So, actually we're helping people do this stuff every single day of the week, but you are now going through it yourself. Okay, well now listen ladies and gentlemen, I didn't know this was going to happen, so bear with me.The story is, so every year Joe comes up to our house for Christmas and he keeps telling mum and I that we're rattling around and it’s time we move. I think he's after the Stallard fortune, but in January this year. I thought, yeah, Joe, you might have a point actually that we are spending a lot of money on energy as a lot of people are now, and um, that may be the catalyst for this.The next problem I had was to convince Mrs. Stallard that we actually needed to move because she said, well, I'm not rattling around so we need to convince Mrs. St that we need to move. And, but more importantly, where and to.  and I just tended to be, you know, like you do. I tended to leave, flew a few properties across her bows, shake of the head, carry on watching the tv. Okay, that isn't going to work. And then I chanced on one in a town where Joe's mum and I actually met and married in devices in wheelchair, and I flew this across her and she said, I. So we have to persuade the estate agent, Dan, in Devises to let us look at it because the poor gentleman selling the property had been let down a couple of times and he didn't want tyre kickers, like the Stallards coming down, spending an hour of his time to say whether they liked it or not, because your house wasn't even on the market at this point. Was it? Our house wasn't on the market. So there's - in this fun podcast, there are lots of little life lessons hopefully that you'll pick up from me.So, the first message was, don't give up, because I then wrote a long email saying why Claire and I should go and look at this property. I was very persuasive. And what was, what was in that email? What did you say? Well, I, I basically said, look, we're not going to waste your time. If we like your property, we will go back and we will put our property straight on the market.Everybody says this, but we do own a very sellable property in a very sellable area in the Cotswolds. So, I was just persuasive and said, look, we're not going to waste your time. We're not going to mess you about. We'll come in, we'll go out, we'll take our shoes off, we'll wander about, the vendor wanted to show us round. And We'll listen to what you've got to say and if you could just give us 20 minutes. Hopefully it'll be beneficial for all parties. Well, it certainly was. We went down to devices, we looked at the property. I could tell because you know, if you're married for a long time, you know stuff. And I could tell that, that, that Claire liked the property very much so we went back to the agent in in town and told.The agent that we'd like to not put an offer in because we weren't in a position to do that, but we'd certainly be interested and we'd certainly put our property on the market very shortly. So I think the, the, so number point lesson than number one, don't give up. Lesson number two, find out what the other half wants.And I know that sounds obvious, but I actually didn't really realize that what Joe's mom wanted more than anything else was to be quite close to a town center. You know, we're just turning 65 now and we don't wanna be doing this again. This will be a last move. So, Listen to what your partner wants and really understand. Um, yeah. Obviously if you can make it, make it work between you, great. So we could, because I'm, I was happy as long as the property was in good order. That was a, another prerequisite of Claire's and also near to a town that we like and a town that we know, and friends that we know. We didn't really wanna move to an area where we knew no one, because that would be a new start. So this is all about a downsizing exercise. Okay. Interesting. And how's that going? Oh boy. Um, right. So ...
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    16 m
  • State of the Holiday Let Property Market March 2023

    State of the Holiday Let Property Market March 2023
    Apr 5 2023
    Everyone's talking about the property market right now and the holiday let property market is all part of that. When it comes to getting a mortgage on a holiday property, knowing what the market is like, and what lenders are looking for is vital.   In this episode, Mark talks to his son, Joe Stallard, director at House and Holiday Home Mortgages, about exactly what's going on in this pocket of the UK economy right now.   Much of what they discuss is the kind of information you won't hear anywhere else! Transcript of the show:State of the Holiday Let Market. Joe, good morning. lovely to be in Winchester on a bright spring morning. It's a long time since we got together and talked about the holiday let market. Absolutely. And, so I thought it was a good opportunity to just go over what's happening in the marketplace since what was a very busy period for everybody. So, tell me about, let's start and talk about the panic the pandemic ended. Where, where do you think we are now, Joe Holiday, that market wise? Sure. So, yeah, so I guess the, the pandemic was obviously very busy in the, in the holiday, that world. It was, , everybody jumping on the the boom of, of staycations, as it were really. So where are we now? Well, we're March 23, so things have settled a bit. We seem to have mainly come out the, the other end of it but obviously we've had the cost of living stuff that, that's occurred sort of between the real boom and, and now, I don’t know about you, but how you found that with, with your clients and how that's impacted things.Yeah. I think Joe, the answer to that is, is I think the people who really want to do this are still in the market. They still want to go at, they still want to find the properties that they're looking for. I think the people that read in the newspaper, it was a good idea to own a holiday let, I think they've probably somewhat evaporated away.So, I think it's, we've got the professionals now, to be fair. Yes, I think I'd, I'd probably echo those sentiments. I think, you know, we have lots of conversations with people looking at, at properties, looking at costs and understanding stuff, but perhaps they're a little bit more hesitant to, to pull the trigger on something than they were previously.And I think it, to a degree, might have professionalized. Sector a little bit. Yeah. I don't think, I don't think the number of inquiries we've got has actually gone down perhaps as much as I thought it might do. I think the cost-of-living thing is, a big challenge. I think that with has prices, you know, still high in certain , and still high in that sort of Devon and Cornwall areas that we work.Obviously I still think that there's a challenge there for people to make the numbers work. Do you agree? I do. I do. I think though, you see, you know, one of the biggest agents in the country -- cottages.com, they came out with their figures and said that that January bookings were up 33% year on year.So, obviously, going from one of the biggest years in holidays -- that's last year-- to still rising this year. I think that's a good sign. I think the cost of living is probably a challenge, but actually what it's probably done is it that the UK holiday, without all those additional costs of flying abroad, of central airport problems, cancellations of being able to take the dog with you on holiday and not put it in kennels for, you know, 300 pounds a week or whatever it would be on top of your normal holiday. I think there's still a, a desire for people to still want a break and get away. Yeah. I spoke to a client only last week and she said that they used to go abroad every year, but they don't go abroad now.They went during pandemic, they went to Yorkshire, they discovered Yorkshire, they found how beautiful it was, and they're now looking to buy a large property in Yorkshire, for themselves and, and to let out as well. And I think that actually mirrors many people. I certainly did two airport trips last year and I wouldn't really relish with any great gusto again.It wasn't pleasant, it wasn't fun. I think you touched on something there as well, that people have discovered little pockets of the UK that they might not have gone to before. And I think even if moving forwards, the UK holiday isn't their main holiday, which I think it will be for many, but I think it will still be those long weekends, those short breaks as a bit of a change of scenery and.Exploring some of the the stuff the UK has to offer. Yeah. Okay. So let, let's talk for a minute and Joe, about lenders. Have we got new lenders in the marketplace? How are our lenders? And what's it like out there? Yeah, so I think, you know, we've been quite slack on recording these, so, since, since the last one, we have a quite a lot of new entrants into the, into the holiday lending market, which is, which is great. I think lenders, in the holiday let space, we tend to get the smaller building societies who are, who are really ...
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    21 m
  • Claiming Capital Allowences on Holiday Lets

    Claiming Capital Allowences on Holiday Lets
    Jul 22 2021
    In this episode Mark is joined by Jason Batty, Director at Eureka Capital Allowances to discuss the specialist area of capital allowances, what these are and how they can work for self-catering owners.
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    29 m
  • Holiday Let Insurance

    Holiday Let Insurance
    Jun 24 2021
    In this episode, Mark is joined by James Godsall, Managing Director of Jukes Insurance Brokers in Bromsgrove to discuss the importance of holiday let insurance, livened up by a Birmingham City F.C. and Euros 2021 twist.
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    34 m