property investors network

Press Room

Due Diligence when working with other people in property

When investing in property you can achieve more by working with other people instead of doing it on your own. However you need to be very careful when choosing who you work with.

In this educational video Simon Zutshi will share with you some of the simple things you can do to minimise the risk and maximise your return when work with other people.

You should carry out due diligence on deals and also conduct your own due diligence with anyone you want to work with.

www.pinmeeting.co.uk

Property Investors Network Glasgow Scotland Launches

BAILIE PHILIP BRAAT TO LAUNCH FIRST GLASGOW-BASED PROPERTY INVESTORS NETWORK EVENT

Event launch: 24th Sep, 6-9PM, Glasgow Thistle Hotel

The Property Investors Network (pin) has today announced that Councillor Bailie Philip Braat, director of the West Scotland Loans Fund and Vice Chair for the Strathclyde Pension Fund, will be representing the City of Glasgow to officially launch the very first Glasgow pin meeting, a high profile networking event for property investors.

Founder of pin, Simon Zutshi, property investor and best-selling author, confirmed his confidence in the Scottish property market:
“We already have 50 networking events across England, Wales and Ireland but we are really excited to be breaking new ground in Scotland. The property market across Scotland has lots of promise for private investors and our event is likely to be hugely popular with so many people keen to support the development of new and refurbished properties.”

The meeting will be held at the Thistle Hotel Glasgow on Wednesday 24th September and is expected to attract landlords, investors and property entrepreneurs from right across the City and Greater Glasgow’s urban areas. The event takes place from 6-9pm and tickets can be bought via the website www.pinmeeting.co.uk/glasgow

Speakers will include Simon Zutshi, who will provide valuable insight in to Scottish property investment strategies together with advice and ideas on how the property market is likely to perform over the next year, post referendum.

The Chief Executive for the Scottish Association for Landlords (SAL) John Blackwood will highlight the important role that landlords and investors hold, including how vital it is to understand your rights and your legal obligations. John is well known for his work within the Scottish Parliament where he is actively engaged with various parliamentary committees. SAL is the largest national organisation representing Landlords and Letting Agents across Scotland.

Event host and property investor, Louis Stedman-Bryce, commented:
“I am absolutely delighted to be hosting the first of what will become a regular monthly event in Glasgow. pin is a great environment where people share ideas and experiences for the benefit of everyone who attends. We have some fantastic speakers lined up in the coming months to help motivate and inspire. It doesn’t matter if you are experienced or just starting out in property, I am confident you will get something out of the event.”

Anyone wishing to attend the pin event can register online at:
https://www.pinmeeting.co.uk/glasgow/ and by entering voucher code “LOUIS”, entry is free to non-members (entry normally costs £20 per person). Louis and his team look forward to welcoming those with an interest in property investing.

Property Investors Network Edinburgh Scotland Launches

PROPERTY INVESTORS NETWORK COMES TO EDINBURGH

Event launch: 23rd Sep, 6-9pm, Cairn Queensferry Hotel

The Property Investors Network (pin) has announced the launch of the very first Edinburgh pin meeting, a high profile networking event for property investors.

Founder of pin, Simon Zutshi, property investor and best-selling author, confirmed his confidence in the Scottish property market:
“We already have 50 networking events across England, Wales and Ireland but we are really excited to be breaking new ground in Scotland. The property market across Scotland has lots of promise for private investors and our event is likely to be hugely popular with so many people keen to support the development of new and refurbished properties.”

The meeting will be held at the Cairn Queensferry Hotel on Tuesday 23rd September and is expected to attract landlords, investors and property entrepreneurs from right across the City. The event takes place from 6-9pm and tickets can be bought via the website
http://www.pinmeeting.co.uk/edinburgh

Speakers will include Simon Zutshi, who will be providing valuable insight in to property investment strategies together with advice and strategy on how the property market is likely to perform over the next year, post referendum.

The Chief Executive for the Scottish Association for Landlords (SAL) John Blackwood will highlight the important role that landlords and investors hold, including how vital it is to understand your rights and your legal obligations.

John is well known for his work within the Scottish Parliament where he is actively engaged with various parliamentary committees. SAL is the largest national organisation representing Landlords and Letting Agents across Scotland.

Event host and property investor, Stephen Gruitt, commented:
“I am the host of the first ever pin meeting in Scotland.  Pin meetings are set up with education, support and networking in mind.   At pin meetings you will hear specially selected speakers who will help you to progress in your business and property education.  They are chosen for their knowledge and expertise in property-related matters.  By networking and spending time with like-minded people at these meetings you will find that business relationships begin to develop.   The monthly Edinburgh pin meeting will help you build your network and help keep you up-to-date with property and finance strategies.   Who you know and what you know are a powerful combination.   I look forward to you joining myself and my team at these monthly meetings.” 

Anyone wishing to attend can register here: https://www.pinmeeting.co.uk/edinburgh/ If you have never attended a pin meeting before enter voucher code “gruitt”, and entry will be free (entry normally costs £20 per person). Stephen and his team look forward to welcoming those with an interest in property investing.

How to help your children get their foot on the property ladder

In the Mail on Sunday You magazine last weekend, there was as article about a lady who felt that she had to sell her family home in South London to provide her 23 and 25 year old kids with sufficient deposits to buy their own homes. Whilst I would agree that many people can only get on the ladder with the help from the bank of Mum and Dad, I could not help feeling that there was some sensationalism around this story.

You magazine article page 1

Credit: Gail Rolfe & The Mail on Sunday, YOU magazine

Whilst I sympathise with the lady about having to leave the home which they renovated with love and care to turn into a beautiful family home, there comes a time in life when most couples decide to downsize to a more manageable and affordable property. This is because as people get older it becomes harder to look after the large family home, which they may be rattling around in since the kids have“flown the nest”. It can also be expensive to maintain and heat a large home. It is part of most people’s natural life cycles.

The article suggested that the only way the two twenty something kids would get on the housing ladder was for the parents to sell their family home and give the kids the deposits they needed. Whilst there are some tax advantages to this in terms of reducing potential inheritance tax liability by giving away as much of your estate as you can at least 7 years before you die – there were a few assumptions going on in the article which I would like to question.

Just because the lady was able to purchase her first flat at aged 23 does that mean her kids have to do the same? Do the kids really need to have their own places? Most people leave the comforts of home and decide to rent with friends for a few years until they settle down with a partner or decide it is time they live on their own. This helps kids to mature and become more independent.

In the article it mentions that the first property the lady purchased in 1982, for £36,000, would now cost something like £632,500 and how unaffordable this would be for here kids now. Her story would be very different if, instead of selling that first property when she moved in with her partner, she had retained it and rented it out. She would now be in a position where she could sell her rental property and, after paying Capital Gains Tax (CGT), she could give the proceeds to her kids as their deposits. What an incredible thing to be able to do.

You Magazine article page 2

Credit: Gail Rolfe & The Mail on Sunday, YOU magazine

Hindsight is a wonderful thing and I guess many people wished they had held on to properties that they have sold in the past. However, we can use this learning to provide an alternative strategy for this lady and her kids. If she and/or her partner are still working then rather than selling their beloved family home they could instead remortgage it to raise some equity, which they could then give to their children as a deposit.

Rather than the kids going off and buying their own flats, why not buy a larger house together in which they can live along with a few lodgers. Now, they may have to buy this in a cheaper area than where their parents live, but this is far more affordable than living on their own. As first time buyers they could get a 90% or 85% Loan to Value mortgage, which on a £500k property in London would be a deposit of only £50k to £62k. That is not a huge amount to release from their parents home. The parents may need to be guarantor on the mortgage as lenders will only consider a multiplier of up to 4.5 x combined salary for a residential mortgage right now.

This means the parents don’t have to sell their dream home just yet and the kids get their foot on the property ladder as well as the independence both they and their parents crave.

Budget pension reforms to have profound effect on housing market

The death knell for annuities sounded by George Osborne in the budget has already pension companies bemoaning the decision, but it has to be welcome as liberation for those with that good old substance called common sense.

For those of you who need reminding amongst the welter of facts from the chancellor’s budget last week, from next April savers aged 55 and above will be able to withdraw their entire pension pot as a cash sum, with the first 25 per cent tax free with the remainder taxed at the saver’s marginal rate.

From 2018, the minimum age people can access their fund will be 57, then it will be linked to rises in state pension age from 2028.

Unquestionably, this will see a huge boost in buy-to-let investing and it’s a good option for people who have saved over their working life to earn a rental yield that outweighs normal saving rates.

It is clear and sound logic for savers to use these pension windfalls to invest in property. Prices in property will carry on rising despite efforts to boost the supply with new building programmes.

Most polls are showing that property has increased by around seven per cent in the past year and our own survey of PIN members showed almost half expect property to double in the next 10-14 years.

Historically, property prices have been shown to double every decade or so, even allowing for dips, which are all part of the journey that is long-term property investment.

At pin we see the chancellor’s move as giving more freedom to the people to do what they want with their money. Sometimes we hear the term being thrown around ‘the nanny state’ which is pointed at successive governments’ failure to allow the people the freedom of choice they deserve.

However, giving us the opportunity to do what we want with our own pension money is certainly a step in the right direction.

 

pension provisions

PRESS RELEASE

27th February 2014

Over 40% of landlords relying on property as sole means for retirement, survey reveals

A survey of independent landlords has shown over 40 per cent are putting their trust wholly in property as their means for pension provisions.

The survey of 879 property investors, shows 42.4 per cent, with a further 49 percent using it as a major part of their income for their later years.

The findings by the Property Investors Network (pin), comes less than a fortnight after the Financial Conduct Authority said millions of pensioners are getting a poor deal from the annuity market.

We have a situation now where there is an endemic loss of faith amongst traditional financial institutions, and the public believe that good old bricks and mortar remain the best way forward,” said Simon Zutshi, founder of the Property Investors Network(pin).

Mr Zutshi, who’s organization hosts 41 property networking meetings each month across the UK, ad is a best-selling property author, said the consensus amongst those involved in property investment is it should be allowed the tax benefits given to other types of pension provision.

The tales we’ve heard in recent years of highly paid bankers being utterly reckless with the futures of many, plus other tales of woe by those looking after our money, shows that the public should be entrusted with more control over their futures and SIPP (Self-invested personal pension) should allow residential property as part of a solid portfolio.”

The FCA said in its recent report that millions of pensioners were getting a raw deal due to poor annuities, with the regulator also highly critical of price comparison websites used by some people to buy an annuity, saying that every one of the 13 sites it looked at was guilty of poor practices.

An annuity provides a regular income from the pot of money that a pension plan holder has accumulated during their working life. At retirement, an estimated 60% of people simply take the deal offered by their pension provider, even though they are entitled to shop around and make use of the so-called open market option.

State pensions are on the decline and private pensions are under invested in,” added Mr Zutshi. “Yet the performance of property historically provides enough evidence to provide a compelling argument as a means for pension provision. We hope these findings will add to the debate.”

END

simon by canal 

 

Simon Zutshi, Founder of Property Investors Network (pin)

 

 

Notes to Editors

 

Simon Zutshi

Property expert, author, serial entrepreneur, and inspirational speaker

Simon Zutshi is the author of the Amazon best-seller Property Magic, as well as the founder of the Property Investors Network (pin), which has educated and empowered thousands of investors throughout the UK and Ireland.

Simon began investing in property in 1995 and within 6 years he was able to give up his corporate job at Cadbury’s due to to the passive income from his property portfolio. He became financially independent by the age of 32.

Simon has gone on to become a thought leader in his industry. In 2003 he pioneering property networking in the UK when he set up the property investors network, designed to provide a supportive, inspirational and friendly environment to help people become more successful property investors.

The organisation has flourished into Britain’s largest property networking organisation with monthly networking meeting in 41 locations around the UK, attracting thousands of investors to meetings every month.

In 2007 Simon also conceived the Property Mastermind Programme, a 12 month support programme for serious investors which can help anyone to build a £1 million property portfolio and gain a £50,000 income in a year.

Focussing on ethical ways to invest in property, to create additional streams of passive income, it has given hundreds of individuals the ability to help other people whilst building long-term wealth.

A remarkably driven individual, Simon is a much sought after professional speaker, who has a thirst for knowledge involving maximising human potential. As well as talking on property investing, he also speaks on wealth creation, business growth and Internet marketing. He is a member of the Professional Speakers Association (PSA)

In his spare time he relaxes with good films, cooking and fine dining and when getting away from it all enjoys taking to Europe’s ski slopes.

Anyone wishing to interview Simon Zutshi should contact:-

Nolan PR – 01564 822861/07505133302 www.nolanpr.co.uk