Hey, I'm Matt. I've worked for several years in financial services & banking for one of the UK's largest banks in London and now work as a senior product manager in a global startup. On the side, I'm building a property development group utilising all my leadership, project management and financial experience. I'm helping share my knowledge of working in these roles mixed with the world of property.
25 | Nearing exchange & completion on the buy-to-let!
Hello everyone! π
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βThe personal guarantee is finally signed and sorted this week and we're nearing evercloser to exchange and completion! If you're not already subscribed - I'll be documenting EVERYTHING over on YouTube as I go through the before property tour, during the refurb and then the post-refurb property tour along with videos like the buy-to-let costs and why I bought the property in a limited company.β
I put up a poll awhile back on Instagram asking people's opinions of what tool brand to invest into, at the time I polled Makita vs DeWalt. But looking at the Screwfix website, I decided as mainstream as DeWalt is, I decided to go for Milawaukee after reading tonnes of Reddit threads on the age old battle.
So, as the BTL completes, I'll be treating myself (via the company) to a drill & impact driver set that I hope will last a lifetime of DIY, property development and more!
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π‘ The World of Property
βSaw an interesting article this week in the BBC saying that a thinktank argues that the stamp duty holiday didn't fuel the surge in the property market.
I do agree with what they're saying, but at the same time I think it's pretty obvious.
"The think tank says the assertion that housing prices have risen mainly because of tax holidays is "somewhat wide off the mark".
The organisation says similar house price rises occurred in the US, France, Germany, Canada and Australia without the tax holiday"
I think the stamp duty definitely helped so many people and helped the market like a firestarter helps a BBQ, but according to the property cycle we were due for a mid-cycle dip and then the start of the explosive phase and that's exactly what happened.
It looks like the property market is just following the normal cycle and now we're in for 7 years of explosive growth in property before the next recession begins. I'm not an economist by day so don't hold me to that but it's following the pattern so far in history!
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I built and released my own Property Deal Analyser, which allows you to track, analyse and manage your property deals like a pro and visually manage your property pipeline while quickly calculating ROI, Yield, Profit and many more figures in seconds!
βCheck Out The Property Deal Analyserβ
Everything is customisable which makes this so unique - every business is different so you can tailor it exactly to your needs. Notion is super easy to use and free to download.
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π½οΈ YouTube this week
The latest video went live this morning, this week I explain some of the key principles and tools that I follow and use to manage my time to manage a 9-5, while building a property business and a YouTube channel ontop of lots of side-hustles that help fund my deposits!
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Matt Brighton
Hey, I'm Matt. I've worked for several years in financial services & banking for one of the UK's largest banks in London and now work as a senior product manager in a global startup. On the side, I'm building a property development group utilising all my leadership, project management and financial experience. I'm helping share my knowledge of working in these roles mixed with the world of property.
Hey friends, It's been a few months. I don't tend to spam your inbox with lots of these emails for those who have been subscribed for a long time to my updates. As usual, if this newsletter isn't for you - there's a link at the bottom to remove yourself from the list. What's going on in the property market? My latest YouTube video explores the latest figures and provides a balanced view of what's happening in the property market. Rishi is celebrating halved inflation, which doesn't mean...
π Hey Reader It's been a busy few months, so I've been a little quiet on emails. We finally moved into the big renovation project outside of London after a stressful 8 month conveyancing process and the house almost falling through (classic). Planning permission has been submitted and we're starting to rip out the house, however living in a project that you're doing up is always tricky with logistics! After we bought the house, a house 4 doors down the road sold for Β£1.5m in cash to a famous...
π Hey friends Premier Property Lawyers are still being the biggest pain in the bum in our property sale. My buyers mortgage expires in 3 weeks and they keep raising endless menial enquiries at the last minute that keeps holding us back. I repeat my advice from the last newsletter - never ever use any of the conveyancing brands under the Simplify group. They're awful. In other news - the property market has took an incredible flip over the past few weeks, we really did not expect interest...