The Progressive Property Podcast

Become a part of the Progressive Property refer-a-friend scheme and Earn up to £250 when someone attends one of our events – you can enrol here: https://www.progressiveproperty.co.uk/raf/ Right now, Andy Burnham is rolling out a new first-time buyer scheme, which will allow you to buy a house for an average of 5750 pounds. In theory, for those not on the property ladder, this sounds good. But in practice, could you be walking into one of the biggest government scams in history?  Could the impact on everyone in the wider property market actually be catastrophic?  In this episode, I will be covering the biggest pitfalls that they don't want you to know, that reveal why the scheme is not all it's cracked up to be.  If you want to take the next step and put what you have learned from this podcast into action, you only need to click here - https://www.wealthbuilders.co.uk/progressive-podcast KEY TAKEAWAYS Andy Burnham's new first-time buyer scheme carries major hidden pitfalls that could severely impact the wider property market. The scheme applies strictly to new builds, which carry premium prices and immediately depreciate. Ultimately, the scheme creates a guaranteed order book and rescue plan for developers. Over 90% of new build buyers report defects due to corners being cut by the builder. A low deposit structure carries extra risk too. For example, a £5,000 deposit, £40,000 government loan, £155,000 mortgage means you borrow 97.5% of the property's value while owning only 2.5%, putting you at immediate risk of negative equity, unable to move or remortgage to get a lower rate. The government's 20% contribution is an equity loan rather than a fixed debt or gift. So, if the property's value rises, the amount you owe the government rises right along with it.  If you use your own money  to add value, such as installing a new kitchen, the government's equity stake still takes a 20% cut of that added value upon repayment, with no discount for your investment. Relying on government handouts or schemes fails to provide financial security.  BEST MOMENTS "It's dressed up as help for first-time buyers, but in practice, it functions as a guaranteed order book for house builders."  " The FCA itself warned that help-to-buy borrowers faced fewer remortgage options than ordinary homeowners and a bigger risk of falling into negative equity."  Stop waiting for government schemes that trap you in fine print and start building real financial independence. At Progressive we show you how. Just sign up for our next free webinar -  https://progressiveproperty.co.uk/profit-from-property-webinar VALUABLE RESOURCES MSOPI – Multiple Streams of Income: https://www.progressiveproperty.co.uk https://kevinmcdonnell.co.uk ABOUT THE HOST Sean Fitzpatrick is a property investor, educator, and the Face of Progressive Property. With a 6-figure portfolio and expertise in creative strategies, finance, and off-market deals, Sean shares success stories from the Progressive Property community, expert insights, and real-world strategies to help investors succeed. Tune in for practical tips and no-nonsense advice to accelerate your property journey. ABOUT THE HOST Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.   CONTACT METHOD https://www.facebook.com/kevinMcDonnellProperty https://kevinmcdonnell.co.uk https://www.tiktok.com/@progressiveproperty https://www.youtube.com/channel/UC0g1KuusONVStjY_XjdXy6g https://twitter.com/progperty https://www.linkedin.com/company/progressiveproperty https://www.instagram.com/progressiveproperty https://www.facebook.com/groups/progressivepropertycommunity https://www.facebook.com/Progperty This Podcast has been brought to you by Disruptive Media. https://disruptivemedia.co.uk/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Become a part of the Progressive Property refer-a-friend scheme and Earn up to £250 when someone attends one of our events – you can enrol here: https://www.progressiveproperty.co.uk/raf/ If you’re a landlord or property investor, growing rental income can bring a new set of problems. The accountant who handled your first deal may not know how to structure your next one, their lack of experience can cost you dearly. I went from being a full-time schoolteacher to earning over £10,000 a month through property in just under 18 months. But when the money and the time started coming in, nobody told me what to do next - that cost me. So, today, I am sharing 7 upgrades to consider as your portfolio grows. I cover how to get property specialists on your team, delegate low-value tasks, automate property management, evolve your investment strategy, review your company structure, and learn from those further ahead of you. Of course, some of those decisions are complex so you will need to seek advice from qualified specialists, especially those related to your tax or company structure. If you want to take the next step and put what you have learned from this podcast into action, you only need to click here - https://www.wealthbuilders.co.uk/progressive-podcast KEY TAKEAWAYS An accountant who specialises in property can help structure your finances; e.g. explain how Section 24 affects your numbers and whether a purchase should go through a company. As your portfolio grows, consider whether a holding-company structure or SSAS fits your circumstances best. To decide this, seek specialist advice from professionals with property business experience. Delegate routine management and automate rent and compliance tracking to reclaim time and avoid missed deadlines. Your time is worth far more per hour than you would pay most people. Review whether your strategy still fits your assets, such as whether a single let could work as an HMO. Keep learning alongside investors further ahead. BEST MOMENTS  "A generalist accountant just files whatever numbers you hand them, but a property specialist can structure them. And one proper conversation with them usually saves more than a year off their fees."  "If you become the most successful investor in every room you sit in, your growth now has a ceiling."  "Changing company structure like this depends entirely on your circumstances and on your exit plan."  Want to avoid learning every property lesson the hard way? Join our free virtual property event and hear where the experts got it wrong - https://progressiveproperty.co.uk/beginner-property-secrets SAAS episode - https://podcasts.apple.com/ie/podcast/how-to-find-new-sources-of-money-for-your-property/id1176574597?i=1000732731927 VALUABLE RESOURCES MSOPI – Multiple Streams of Income: https://www.progressiveproperty.co.uk https://kevinmcdonnell.co.uk ABOUT THE HOST Sean Fitzpatrick is a property investor, educator, and the Face of Progressive Property. With a 6-figure portfolio and expertise in creative strategies, finance, and off-market deals, Sean shares success stories from the Progressive Property community, expert insights, and real-world strategies to help investors succeed. Tune in for practical tips and no-nonsense advice to accelerate your property journey. ABOUT THE HOST Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.   CONTACT METHOD https://www.facebook.com/kevinMcDonnellProperty https://kevinmcdonnell.co.uk https://www.tiktok.com/@progressiveproperty https://www.youtube.com/channel/UC0g1KuusONVStjY_XjdXy6g https://twitter.com/progperty https://www.linkedin.com/company/progressiveproperty https://www.instagram.com/progressiveproperty https://www.facebook.com/groups/progressivepropertycommunity https://www.facebook.com/Progperty This Podcast has been brought to you by Disruptive Media. https://disruptivemedia.co.uk/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Become a part of the Progressive Property refer-a-friend scheme and Earn up to £250 when someone attends one of our events – you can enrol here: https://www.progressiveproperty.co.uk/raf/ We have just witnessed one of the biggest changes to hit property in years, and it's something we've never covered on this channel before. If you're buying, selling, investing, or planning to in the next few years, then this affects you. I'm talking about the new legislation the government has just laid out that affects every house sale in England and Wales.  Right now, around one in three agreed sales collapses before completion. The average sale takes 120 days after the offer is accepted. That's about 60% longer than the same process took back in 2007.  Failed sales cost buyers and sellers £400 million per year. That doesn't just highlight a small inefficiency. That's a completely broken system, and the government's now finally trying to fix it.  So, in this episode, I'll be breaking down the legislation changes and the key points to save you having to work it all out. Make sure you stick around till the end because I'm going to tell you how to get ahead of this before any of it becomes law. This is an extremely important change for anyone in the property market, whether you want to buy or sell.  If you want to take the next step and put what you have learned from this podcast into action, you only need to click here - https://www.wealthbuilders.co.uk/progressive-podcast KEY TAKEAWAYS Currently, around one in three agreed sales in England and Wales collapses before completion. Offers aren’t binding until exchange, creating months of delay, wasted costs and room for either side to walk away or change the price late in the process. Something the government is working to change. The proposed reforms would make searches, property condition, and leasehold costs available when the property is put on the market. When you know how to read and interpret these documents properly you are better able to create and propose profitable deals. You’ll need to be certain that the numbers work because in the future walking away without a valid reason could mean paying a penalty.  Investors who prepare now and develop stronger deal-analysis skills will be able to find  more profitable opportunities under today’s rules whilst also making sure that they are ready for the proposed changes. BEST MOMENTS  "The rules of buying and selling are changing in favour of the educated -  make sure that includes you."  "Each of those things might sound boring on its own, but together they remove the real reason a sale takes 120 days."  "The gap between now and then is the opportunity."  VALUABLE RESOURCES MSOPI – Multiple Streams of Income: https://www.progressiveproperty.co.uk https://kevinmcdonnell.co.uk ABOUT THE HOST Sean Fitzpatrick is a property investor, educator, and the Face of Progressive Property. With a 6-figure portfolio and expertise in creative strategies, finance, and off-market deals, Sean shares success stories from the Progressive Property community, expert insights, and real-world strategies to help investors succeed. Tune in for practical tips and no-nonsense advice to accelerate your property journey. ABOUT THE HOST Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.   CONTACT METHOD https://www.facebook.com/kevinMcDonnellProperty https://kevinmcdonnell.co.uk https://www.tiktok.com/@progressiveproperty https://www.youtube.com/channel/UC0g1KuusONVStjY_XjdXy6g https://twitter.com/progperty https://www.linkedin.com/company/progressiveproperty https://www.instagram.com/progressiveproperty https://www.facebook.com/groups/progressivepropertycommunity https://www.facebook.com/Progperty This Podcast has been brought to you by Disruptive Media. https://disruptivemedia.co.uk/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Become a part of the Progressive Property refer-a-friend scheme and Earn up to £250 when someone attends one of our events – you can enrol here: https://www.progressiveproperty.co.uk/raf/ This year, about 1.8 million households in this country, including a huge number of landlords, will get a letter from their bank. Inside it is the date their cheap fixed-rate mortgage deal expires, and when that date arrives, their monthly mortgage payment jumps by about £400 on average. Now, if you're a landlord with a mortgage on a rental property, your monthly payment can triple three times as much.  It happened with my own property, where my rates nearly tripled overnight. But the size of that increase is not the real story here. The real story is that educated investors actually want these letters to arrive because every one of those 1.8 million letters lands with an owner who may soon need to sell, which means a property that could be bought below its market value before an estate agent ever sees it.  By the end of this episode, you'll know: why landlords are being hit three times harder than homeowners, how to buy discounted properties from landlords whose cheap fixed-rate deals are ending, and how to do it safely so the deal actually makes you money. If you want to take the next step and put what you have learned from this podcast into action, you only need to click here - https://www.wealthbuilders.co.uk/progressive-podcast KEY TAKEAWAYS Around 1.8 million low-rate fixed mortgages expire in 2026, creating sharp mortgage payment rises that will hit landlords hardest. When rent no longer covers the mortgage, tax and running costs, profitable rentals quickly become loss-making, leaving landlords desperately needing a fast sale. Under pressure, many landlords choose auctions or a direct sale as a way out. It is faster and the sale is more likely to be completed so they will often accept a below-market price. Educated investors can easily find and safely fund these sales. They can buy sound properties below market value, with equity built in from day one. BEST MOMENTS  "The real story is that educated investors actually want these letters to arrive because every one of those 1.8 million letters lands with an owner who may soon need to sell."  "That's why the best of these deals never appear in Rightmove; they're sold before an estate agent ever even is involved."  "That test is the difference between buying an asset and buying the seller's problem off them at a discount. It's a skill set, and it can be learned."  EPISODE RESOURCES Previous fixed rate mortgage opportunity episode - https://podcasts.apple.com/us/podcast/how-educated-property-investors-are-turning-the/id1176574597?i=1000785730543 VALUABLE RESOURCES MSOPI – Multiple Streams of Income: https://www.progressiveproperty.co.uk https://kevinmcdonnell.co.uk ABOUT THE HOSTS Sean Fitzpatrick is a property investor, educator, and the Face of Progressive Property. With a 6-figure portfolio and expertise in creative strategies, finance, and off-market deals, Sean shares success stories from the Progressive Property community, expert insights, and real-world strategies to help investors succeed. Tune in for practical tips and no-nonsense advice to accelerate your property journey. Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.   CONTACT https://www.facebook.com/kevinMcDonnellProperty https://kevinmcdonnell.co.uk https://www.tiktok.com/@progressiveproperty https://www.youtube.com/channel/UC0g1KuusONVStjY_XjdXy6g https://twitter.com/progperty https://www.linkedin.com/company/progressiveproperty https://www.instagram.com/progressiveproperty https://www.facebook.com/groups/progressivepropertycommunity https://www.facebook.com/Progperty This Podcast has been brought to you by Disruptive Media. https://disruptivemedia.co.uk/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Become a part of the Progressive Property refer-a-friend scheme and Earn up to £250 when someone attends one of our events – you can enrol here: https://www.progressiveproperty.co.uk/raf/ Right now, the UK government are enforcing a two-tier tax system for its citizens. On the one side, hardworking people are being forced to bleed their wages, are being heavily taxed on their property, and being punished for trying to invest. On the other side, the government are being outsmarted by another group who have learned, understood, and used strategies to keep more of their hard-earned cash to build wealth and financial freedom.  In this episode, I share five legal strategies investors use to make more and keep more. Why it is becoming increasingly dangerous to stay a normal saver, and the mistakes that investors make that cross the line from legal to illegal practices, and how you can avoid doing the same. Before we get into the episode, please remember that this does not constitute financial advice -  these are the principles I adopt as a professional investor, principles that save me 10s of £1000s every single year.  If you want to take the next step and put what you have learned from this podcast into action, you only need to click here - https://www.wealthbuilders.co.uk/progressive-podcast KEY TAKEAWAYS Educating yourself, staying up to date and adapting is essential. Those that simply use the most popular strategies often end up seeing their once highly profitable businesses begin to fail. Owning a rental personally or through a company can lead to different tax outcomes. Section 24 may restrict mortgage-interest relief for individual landlords, while companies have different tax implications. Buying a property-owning company’s shares can mean a different stamp-duty bill from buying its properties, but you also take on the company’s history. Due diligence is essential. Option agreements can secure the right to buy later, but each deal requires careful, professional legal drafting. Remortgaging may release cash without selling, but it remains borrowing. Debt has to be serviced, and higher rates or falling rents can increase leverage risk. BEST MOMENTS "There's a good reason we teach it in a room rather than reading it out in YouTube. Done without the right checks, this strategy can cost you far more than it saves."  "The educated investor asked a different question: How do I use the growth of my property value without selling it?" “I did this very thing with one of my own properties recently and made over £70,000 pounds.” if you want the full education, not just five strategies, but the whole deep dive taught properly, we are currently running a free webinar- MSOPI – Multiple Streams of Income: VALUABLE RESOURCES https://www.progressiveproperty.co.uk https://kevinmcdonnell.co.uk ABOUT THE HOST Sean Fitzpatrick is a property investor, educator, and the Face of Progressive Property. With a 6-figure portfolio and expertise in creative strategies, finance, and off-market deals, Sean shares success stories from the Progressive Property community, expert insights, and real-world strategies to help investors succeed. Tune in for practical tips and no-nonsense advice to accelerate your property journey. ABOUT THE HOST Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.    CONTACT METHOD https://www.facebook.com/kevinMcDonnellProperty https://kevinmcdonnell.co.uk https://www.tiktok.com/@progressiveproperty https://www.youtube.com/channel/UC0g1KuusONVStjY_XjdXy6g https://twitter.com/progperty https://www.linkedin.com/company/progressiveproperty https://www.instagram.com/progressiveproperty https://www.facebook.com/groups/progressivepropertycommunity https://www.facebook.com/Progperty This Podcast has been brought to you by Disruptive Media. https://disruptivemedia.co.uk/ Learn more about your ad choices. Visit megaphone.fm/adchoices