Video Transcription:
Hi, guys, so I caught a bit of flak from one of my emails that I sent out where I basically said that some investors, I need to kick up their ass because they're sitting around, they're not doing anything. In preparation for the tax changes, the mortgage change, and they really just sitting around and what I said, and the comment that I made was that, you know, a lot of investors have put their head in the sand and, you know, just waiting for the kick up their ass.
And, you know, unfortunately, that's the reality for a lot of people is, and I say that because it gets...it evokes some response. The reality is that nobody, including the government, and, you know, they are pathetic. You know, unfortunately, their whole approach, too, is pathetic. It's so bureaucratic. They haven't made it easy. They haven't really done anything to help investors and it's almost like screw you investors, you know, we don't care about who you are. We're just gonna change the laws, make it really hard, make it not profitable anymore to be in business, you know, or you've got to professionalize.
In other words, you gotta go to a company structure, you know, and, but we're not even gonna give you any certainty about that, you know, "Screw you." And that's been the attitude of the government. That is not what these guys should be doing. And that's why I think they should all be sacked, you know, hanged, drawn and quartered, as they used to say. And I just think the challenges that are happening, we can't control that, we don't control the government.
But what we can do, okay, is we can control how we respond to that. And that's the point that I'm making about sticking your head in the sand and waiting for a kick up their ass. You know, is you can take your head out. You can do a bit of reading. You speak to a few people. And actually, there's lots of information out there now where you can look at your options.
Now, some of those options are very restricted, some of those options are, unfortunately you know, sell a property, which isn't really that good in this market. You know, if you're in London, if you struggling and if you are out of towns, well, nothing is increasing in price for, you know, 10 years.
Thank you, austerity, a wonderful government initiative. You know, and I think really, this is the challenge we're up. But I think the thing is, the worst thing you can do is stick your head in the sand. What you should be looking to do is looking at the portfolio, looking at how you can raise the income, manage the expenses, okay, the outgoings, but also maybe look at remortgaging if you can. You can also look at things like selling, you know.
There are lots and lots of different options. And, you know, there's hundreds of ways. It could be something like leasing your property out to somebody who can afford it, or bringing on a joint venture partner who will fund the mortgage, you know, in case you're in problems, going to family, restructuring, whole range of things, okay.
So there is a lot of things you can do. And there's a lot of creative ways and the reality is, if you've got no traditional choices in terms of remortgaging or raising the rent, or decreasing expenses, you're pretty stuck where you are because maybe the property has an increase in value. I mean, we're noticing that if you're not in a major city, then you screwed, you know, and unfortunately, prices haven't really gone up at all for a very long time.
That's the reality of the game right now, you know. Thank you austerity government, you know, wonderful. But the reality is, what do you have to do? You got to get creative, you know, but there are lots and lots of different ways of getting creative. I mean, you know, a couple months' rates in the property market, they absolutely know, you know, heaps of different ways that you could be creative.
And, yes, you might have to give away a portion of the equity. And, yes, you may have to, you know, lose control of the property. And, yes, you know, there may be options, but the reality is the lead, the other option is you lose the property altogether. Yeah. And that can mean you left with debt, that can mean, you know, you go the hard way, which is not really what we want.
So, what I recommend you do is, if you're not sure, you know, and you really don't know what to do, then, you know, give someone a call, go and do a bit of research, spend a couple of hours, jump online, do some research and really get a feel for what your options are.
And if you're not sure about that, give my team a call, you know, and get them to talk through the options of what you can do. Because there are lots of options, you know, there's a lot of creative ones out there that you can find that, you know, you need to maybe go do some work for. But you know what? The reality is if interest rates rise if property values decrease, and all that sort of stuff, the question is, you know, you gonna run those scenarios, what happens to your portfolio then.
And if you consider that, then you can actually get a real sense for what you need to do now, as opposed to waiting until it's too late. And that's the problem right now as I see is there are people sitting there, and they're waiting until their potential it's too late.
Now, the worst may not come, and I hope it doesn't. And I hope actually, the Brexit sorts itself out, and it's not as bad as we think. That's my thoughts. But the reality is, it may, you know. I'm hoping interest rates don't have to rise too much, and all these sort of things. And, you know, and I don't think they will, so I think actually, touch wood, if you do nothing, you should be okay. Yeah, but there's no guarantees in this game, you know, and I'd love to say there was, but there's just not.
So what I'm saying is, at worst, or at the least run some scenarios and see what happens if interest rates go up, 4%. If you know, the property prices dropped 25%, if you lost your job, and couldn't get another job for, say, three months, and when you do you only get a job back for, say, 70% of what you were earning before. You know, run those scenarios.
Yeah, those three scenarios, and when you look at those, yeah, then you'll get a sense for where you are at and what you have to do right now. Okay, and remember to take into account the tax changes if you got mortgage debt on those. Yeah, if you're not sure how to do that, give the team a call, you know, +44 2079 23 6100, and, you know, get 'em talk through or just info@gladfish.com and they can talk you through some of the options because there are options.
And the thing is if you take the options now, what you're gonna find is that you'll actually, you know, have a lot more options now than later on where actually you probably haven't really got options apart from giving it back to the bank and that's not what you wanna do. All right, guys, hopefully that's food for thought. Remember comments, subscribe. I'll be happy to have conversations, and I'll be happy to get into it in a lovely discussion about what your options are and what some of the options are. Okay. All right, guys, have a great day. Live with passion.
