UK Landlord Forum / Life

Quite an interesting interview...

Here's just a bit of it...

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How much did you earn last year?

I earned a six-figure sum, as much as Phil Spencer! People say to me: "How do you know because men get paid more than women in lots of different industries?" I just laugh because everybody who works with me knows I wouldn't let it happen!

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What property do you own?

After Battersea, there was a flat in Ladbroke Grove, west London, for which I paid about £80,000 in 1998. I never moved into it, I just developed it and sold it within three months for £115,000 because it didn't have a garden and I got a dog. I bought another flat in W10 the same year for £189,000 and I would say that the flat is worth around £450,000. I rent it out.

I have another buy-to-let flat I bought for £325,000 and again it would be very difficult to say in today's money what it's worth. It is definitely a time to be buying things. I bought it a year ago and I am pretty confident that what I have done to it means that it's worth more than I paid for it. That's one that I will not be looking to sell in the foreseeable future.

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What do you think about the current state of the property market?

The problem right now is the enormous decline in transactions. The worrying thing for the economy as a whole is people's loss of confidence in the market. I think in the short term there may be a decline in prices that will affect those who bought in the past two years with 95% mortgages.

However, I think most people will have benefited from the property boom of the past 10 years. I think prices will bounce back in two years. We're a small country, we are never going to have a huge building capability and people are always going to want to come to live and work here so there will always be a demand. I don't think we'll have negative equity like in the 1990s again.

More Q&A's here

Take note of some of the responses to the interview- a lot of bitter people, and I'm not entirely sure why. Someone even had a pop at her because her parents helped her out financially when she was younger and struggling. I didn't get it. Surely that's what parents do? Odd people.