The Property Voice
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The Property Voice
Residential Property Investment - buying, selling, renting, managing & financing residential property or real estate from www.thepropertyvoice.net UPDATE: Book & Podcast out now!
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Colliers Jumping On The Big Data Bandwagon With PropTech Founder Hire

Colliers Jumping On The Big Data Bandwagon With PropTech Founder Hire | The Property Voice | Scoop.it
A recent report from the U.K. by the Royal Institute of Chartered Surveyors found that nearly 90% of the core tasks for real estate consulting are susceptible to artificial intelligence, the Internet of Things and blockchain.
Richard W J Brown's insight:
Key line: A recent report from the U.K. by the Royal Institute of Chartered Surveyors found that nearly 90% of the core tasks for real estate consulting are susceptible to artificial intelligence, the Internet of Things and blockchain.

Big data => Big change...+ Big Business!
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UK startup Molo Finance raises £3.7m from Nordic fund to digitise mortgages

UK startup Molo Finance raises £3.7m from Nordic fund to digitise mortgages | The Property Voice | Scoop.it
The London-based firm will use the funding to help launch its first product, a digital 'buy to let' mortgage solution, in the summer of 2018.
Richard W J Brown's insight:
A fully digital and online BTL mortgage platform that cuts the application for finance time right down...anyone interested in that?

Yep, thought so!
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clicktopurchase® - Your online property execution platform.

clicktopurchase® - Your online property execution platform. | The Property Voice | Scoop.it
clicktopurchase® offers an online property execution platform for buying and selling property. It provides the facility for a legally binding clicktopurchase® exchange of contracts to be conducted electronically as part of the sales process.
Richard W J Brown's insight:
Blockchain for recording binding property transactions and using AI robots to conduct online auctions...something for the the future then...apart from the fact it is happening TODAY!

It is not exactly fully end-to-end as far as I can tell (e.g. not automatically recording the sale at Land Registry automatically), but it is a very interesting development and worth taking a closer look at.
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Private rented sector loses 46,000 homes as landlord-bashing tax clampdowns kick in

Private rented sector loses 46,000 homes as landlord-bashing tax clampdowns kick in | The Property Voice | Scoop.it
First decline in size of private rented sector for years – did landlords take early flight as tax changes came in or were announced?
Richard W J Brown's insight:
Some stats that confirm what many of us saw anecdotally. Some landlords are leaving the sector.
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Most young people in UK would get a mortgage with a friend, research finds

Most young people in UK would get a mortgage with a friend, research finds | The Property Voice | Scoop.it
The majority of millennials in the UK would take out a mortgage with two or more people to enable them to get a foot on the property ladder, new research has found. Some 60% of young people aged 18 to 35 said they would consider taking out a mortgage as a group to make home …
Richard W J Brown's insight:
Buying your first home has never been easy to be fair (besides those crazy days before the Global Financial Crisis).

The main barriers are mortgage affordability and saving for a deposit.

This idea of a 'mortgage-mate' (the home ownership equivalent to a rented flatmate) can perhaps help to relive the burden with the first issue. 

As for savings, well, I remember when saving for my first home what was involved back then. Now, I am watching my 23-year old niece work a second job and stay at home with her mother as she squirrels away some cash each month. This has always required discipline, compromise and sacrifice, but at least with Help to Buy and the Help to Buy ISA, there is some support to young people here.

I am not pretending it is easy though, and am readying myself for when my own kids make that step out themselves.
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HTC's new phone Exodus will embrace the blockchain

HTC's new phone Exodus will embrace the blockchain | The Property Voice | Scoop.it
HTC Exodus is an upcoming phone that will be optimized for blockchain technologies.
Richard W J Brown's insight:
As if the word Blockchain was not enough new tech for you to get your head around...we now have 'Dapps' or decentralised apps for mobile phones on the way now too.

It will all make sense and also be quite useful one day, trust me ;)

In the meantime, maybe the marketing department would like to rethink the name of the handset?
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Zoopla to be sold to US technology funds company...

Zoopla to be sold to US technology funds company... | The Property Voice | Scoop.it
There's been a shock announcement that ZPG - operator of Zoopla, PrimeLocation and Hometrack, as well as uSwitch - has accepted a £2.2 billion offer to be acquire
Richard W J Brown's insight:
Well, I hope they have some big plans to justify paying such a big premium for the Zoopla Group of companies!
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Trussle lands £13.6m in Series B round led by Goldman Sachs

Trussle lands £13.6m in Series B round led by Goldman Sachs | The Property Voice | Scoop.it
UK-based online mortgage broker Trussle has secured £13.6m in its Series B round led by Goldman Sachs and San Francisco-based Propel Venture Partners.
Richard W J Brown's insight:
Big news for the PropTech scene...and big news for us too, as we are joined on The Property Voice Podcast next week by Trussle's Founder Ishaan Malhi (pictured).

Change is coming...
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How long would £5 million last you?

How long would £5 million last you? | The Property Voice | Scoop.it
We all dream of being millionaires from time to time, especially when the Sunday night blues kick in at the end of a weekend. But if someone was to hand you £5 million today, what would you do? Would you be sensible with the money and try to make it last, or would you just be too tempte
Richard W J Brown's insight:
Just for fun quick quiz...but quite revealing all the same!
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'More specific powers' needed to deal with problem areas

'More specific powers' needed to deal with problem areas | The Property Voice | Scoop.it
'More specific powers' needed to deal with problem areas
Richard W J Brown's insight:
Welcomed...cautiously!

Anything that helps to raise standards by targeting the 5% of rogue landlords rather than punishing the 95% of decent landlords has to be a good thing.

I just hope that the powers are used as they seem to be written out here, rather than allow mob-rule and lynching of private landlords to creep in through the back door.
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Landlords Wrestle with PropTech progress

Landlords Wrestle with PropTech progress | The Property Voice | Scoop.it
Finding the right balance of technology within our rental properties...
Richard W J Brown's insight:
Striking the right balance between service and responsibility, access and privacy and also functionality and standardisation is difficult one, that is still being figured out.
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Children receive up to £30,000 from parents to buy first home

Children receive up to £30,000 from parents to buy first home | The Property Voice | Scoop.it
Cash-strapped young people are leaning on their loved ones to tackle the UK’s tough housing market. Yet the majority are hesitant about doing so.
Richard W J Brown's insight:
1 in 3 kids are getting a leg-up of between £24k to £29k to get on the housing ladder from the Bank of Mum and Dad.
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£300m government investment to provide thousands of new homes across England

£300m government investment to provide thousands of new homes across England | The Property Voice | Scoop.it
Funds are being channelled into areas beleagured with housing affordability and infrastructure woes, against a backdrop of rising demand for new properties.
Richard W J Brown's insight:
Every little helps as they say. However, this just goes to show how much money is required to boost the housing supply...£300m is a drop in the ocean here. 

Who will make the greatest strides into new housing development? The private sector, that's who, not unless the Gov releases the shackles from the Housing Associations that is. To be honest, I am surprised they haven't! All they need to do is allow them to borrow more money to be fair...the real question is why they won't allow that...?
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Is the UK ready for the automation of jobs?

Is the UK ready for the automation of jobs? | The Property Voice | Scoop.it
Stephen Quinn, Jobbio's CEO and co-founder, looks at whether we are truly ready for jobs to be automated.
Richard W J Brown's insight:
Interesting piece on the future of work with automation.
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How it works | Dot.

How it works | Dot. | The Property Voice | Scoop.it
By simply clicking our ‘Buy with Dot.’ button you can acquire fully financed and managed properties to add to your investment portfolio.
Richard W J Brown's insight:
Ooh...you know how 'passive investing' is not that passive right? Well, looks like it might be about to get a whole lot more passive with this new entrant!

A sort of property concierge that sources, furnishes, tenants and manages the property. Not only that, but an 'instant mortgage' thrown in and some degree of portability with ownership and lending as well.

Sounds quite interesting if you want an easy life.
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Are we ready to trust tech when it comes to financial services?

Are we ready to trust tech when it comes to financial services? | The Property Voice | Scoop.it
Ben Brabyn, Head of Level39, looks at whether the public is ready to trust digitisation when it comes to financial services.
Richard W J Brown's insight:
Trust is a short word that takes a long time to understand in the digital world.

Digital is convenient, fast and less expensive. However, it is also opaque, open and vulnerable too.

I have heard the call for greater collaboration across industry stakeholders a couple of times in the past few weeks now. But, is this realistically going to happen among competitors? Not sure.

Then, there are those worrying little things called cyber-crime and cyber-terrorism lurking in the background. To be fair, they have been with us for some time, so the new digital banks are not stepping into uncharted waters. But I guess some people believe the established players have been there and done that a little more I guess.

Personally, I see greater digitisation of financial services as a potentially good thing...just don't let the bad guys in that's all!
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New York parents win legal battle to evict son, 30

New York parents win legal battle to evict son, 30 | The Property Voice | Scoop.it
Michael Rotondo has defied several eviction notices from his parents, who told him to get a job.
Richard W J Brown's insight:
What do you make of this then?

A. When does your parental responsibility end and when does the offspring's begin?
B. Is this a potential homelessness case in the making?
C. Tough love or tough sh*t?

Seems like the issue has been going on for some time already and might take longer to resolve still.
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5 common issues with tenancy agreements

5 common issues with tenancy agreements | The Property Voice | Scoop.it
The tenancy agreement may be called upon in the event of a dispute, so it’s essential that it’s comprehensive and accurate. The NLA Advice Line fills us in on five potential problems to watch out for. Using the wrong type of tenancy agreement The most widespread agreement is an assured shorthold tenancy (AST), which is…
Richard W J Brown's insight:
Can you use an AST for a company let...yes or no?
Can you insist on a tenant proving 2 months' notice to vacate a property at the end of the fixed term...yes or no?

If you answered yes to either question; then you might want to read this...
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Mixed reality is not a marketing fad or gimmick

Mixed reality is not a marketing fad or gimmick | The Property Voice | Scoop.it
CEO of Landmrk, Seth Jackson, explores the future of mixed reality and how it will become a part of our everyday lives
Richard W J Brown's insight:
First we had Virtual Reality (VR), then Augmented Reality (AR), but now Mixed Reality (MR) is coming...probably to a smartphone near you!

Check out this case study of a marketing campaign for a Homeland TV series: https://landmrk.it/ff-portfolio/homeland/

You can perhaps see how this technology could be applied to property. For example, property portals presenting properties for sale or for rent close to where you are located with viewings available, or investor presentation packs linked to a range of multi-media resources available on demand, or added-value services such as insurance and product warranties, or just for proximity-based networking at property meetups!

Looks like the forthcoming 5G infrastructure will enable such multi-connectivity over a super-fast mobile network to make these sort of applications a Reality.
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Number of middle-aged renters doubles in a decade

Number of middle-aged renters doubles in a decade | The Property Voice | Scoop.it
Forty-somethings are almost twice as likely to be renting their home from a landlord than 10 years ago.
Richard W J Brown's insight:
Some quite very human stories in here besides the stats, worth a look.
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Sorry. My heart says yes, but my schedule says no.

The following started out as a late night email I was going to write to someone that reached out for some guidance and advice. Expanded version posted here in a somewhat desperate attempt at…
Richard W J Brown's insight:
Does this sound  bit like you? Yeah, me too!

I am trying to find the right balance between my heart and my schedule too...
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The UK towns and cities with the highest and lowest wages

The UK towns and cities with the highest and lowest wages | The Property Voice | Scoop.it
The towns and cities offering the best incomes aren't always the ones you'd expect.
Richard W J Brown's insight:
Good to know when building the bigger picture of where to invest...clues to affordability for rent and house prices buried in here...
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9 Hidden Costs of Being a Landlord...plus 1 a bonus one!

9 Hidden Costs of Being a Landlord...plus 1 a bonus one! | The Property Voice | Scoop.it
Make sure you build a sustainable rental business
Richard W J Brown's insight:
Gotcha goes the landlord gremlin as they take delight in catching you by surprise with these hidden costs.

One more BIG one from me: voids. A void is a double whammy where a property is empty, say in-between tenancies, where there is no rental income but there is responsibility to pay for all council tax and bills...ouch! The NLA average void period is 3 weeks PER YEAR, or 5.7% of your rent lost.

I have lost count of the times I have seen people looking at a BTL, calculating £x per month in cashflow and NOT factoring all of these hidden costs into their numbers. Don't let that be you will you?
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Ken Rogers's curator insight, April 26, 2:18 PM
Real estate investing can be a great way to lower your taxes and protect other income, but you must watch these pitfalls.
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AI 'poses less risk to jobs than feared' says OECD

AI 'poses less risk to jobs than feared' says OECD | The Property Voice | Scoop.it
Far fewer jobs are at high risk of being lost than had previously been claimed, says an OECD study.
Richard W J Brown's insight:
Who do you believe? No matter what, AI WILL affect how we undertake work in the future...the disagreement is about how much not 'if'.
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Government takes action on councils failing to plan for new homes in England

Government takes action on councils failing to plan for new homes in England | The Property Voice | Scoop.it
The Government is taking action against 11 councils in England who are failing to plan sufficiently for new homes and have not done so for years. Housing Secretary Sajid Javid has written to them to inform them of decisions on intervention following continued failure to produce a local plan which is necessary to help them …
Richard W J Brown's insight:
It seems that we DO need a nanny state in some places! I don't know why these councils cannot even produce a plan of how they will house their communities, but the state will wipe their noses for them if they don't get off the naughty step soon lol
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