The Property Solvers Podcast is presented by seasoned property buyers + auctioneers James Durr and Ruban Selvanayagam. As co-founders of the UK’s leading ”We Buy Any House” company Property Solvers, the podcast features a range of discussions related to property investment, trading, development, valuation, trading and everything in between!
In this episode, Ruban Selvanayagam from Property Solvers / Property Solvers Auctions chats with with Simon Misiewicz from Optimise Accountants, taking a detailed look at property auctions in 2026.
Ruban explains why more sellers are turning to auctions for speed, certainty and a reduced risk of fall-throughs, especially where properties are tenanted, unusual, in need of work or difficult to sell through a standard estate agency (private treaty) route. He also explains how auctions can help sellers achieve a stronger result than a fast cash sale (Property Solvers' core business), while still offering a faster and more structured process.
The discussion also covers the buyer’s perspective, including the opportunity to access deals that often don't appear on the open market, the importance of understanding guide prices, reserves, bidding strategy and the need to carry out proper due diligence before committing.
Ruban walks through the key differences between traditional (28-day) auction and the modern method of auction (56-days), legal packs, deposits, buyer fees and what happens after the hammer falls. He also discusses financing, including cash purchases, bridging loans and the risks of relying on mortgage finance in an auction setting.
#propertyauctions #propertysolversauctions #propertysales #sellhousefast #rubanselvanayagam
LINKS (RESOURCES) REFERRED TO IN THE PODCAST
Property Solvers Auction
Optimise Accountants
Optimise Accountants Youtube Channel
Follow Simon Misiewicz on LinkedIn
TIMESTAMPS
00:10 - Introduction to Property Solvers Auctions01:22 - Why buyers and sellers use auctions01:45 - Auction opportunities for property buyers02:45 - Speed and certainty compared with estate agents (private treaty)04:38 - Traditional 28-day auction process explained05:32 - Why more landlords are selling through auctions in 202606:24 - Pricing auction properties competitively07:35 - Auctions as a solution for chain break issues09:08 - Buyer benefits of Property Solvers Auctions11:29 - First-time auction buyer guidance11:59 - Online auctions and legal pack checks13:45 - Spotting auction legal pack red flags15:40 - Understanding auction bidding and proxy bids17:28 - Current buyer’s market in auctions18:54 - Financing auction property purchases19:25 - Modern method auction and mortgage finance20:22 - Bridging finance risks and exit planning21:45 - Key auction takeaways for buyers22:14 - How to contact Property Solvers Auctions23:11 - Join Property Solvers' investor list 23:56 - Final thoughts for auction buyers and sellers
22 Jan 2025
Episode 27 - Taxes When Buying or Selling at Property Auctions
Ruban Selvanayagam from quick sale specialists and regulated auctioneer Property Solvers speaks again with Simon Misiewicz, founder of Optimise Accountants – delving into the nitty-gritty of property taxes when buying and selling auctions.
Simon runs through his initial thoughts on Chancellor Rachel Reeves' October 2024 budget and its impact on landlords and property investors. He goes on to discuss the increased Stamp Duty Land Tax (SDLT) rates alongside how to leverage exemptions and reliefs to minimise your tax liability as an auction buyer.
Simon also shares insights on tax saving strategies for auction buyers like buying uninhabitable or mixed-use properties, commercial acquisitions and navigating the pros and cons of purchasing property portfolios via limited company and other corporate structures.
The discussion also touches on tax-deductible costs and some tips if you're selling at auction – particularly with regards to Capital Gains Tax (CGT) when selling personally-owned properties and Corporation Tax with assets owned in a Limited company.
#propertyauctionstax #tax #buyingatauctiontax #sellingatauctiontax #propertyauctions
LINKS (RESOURCES) REFERRED TO IN THE PODCAST
Optimise Accountants
Optimise Accountants Youtube Channel
Follow Simon Misiewicz on LinkedIn
RELEVANT LINKS
Property Solvers Investor Profiling
Become an Auction Partner
Property Solvers (Sell House Fast)
Property Solvers (We Buy Any House)
Property Solvers Auctions
Property Auctions News
How to Value Your House
TIMESTAMPS
00:10 - Introduction to Simon Misiewicz (of Optimise Accountants) and tax implications for auction property transactions00:32 - Impact of the Labour (October 2024) budget on landlords and property investors02:03 - Shift in the market as amateur landlords sell and the industry professionalises02:12 - Key features of the budget affecting property investors and auction buyers06:03 - Overview of the revised stamp duty regime07:18 - New 5% surcharge for UK property investors and auction buyers and its impact10:00 - Stamp duty relief when buying multiple properties12:08 - Mixed-use properties and their Stamp Duty advantages14:45 - Saving on stamp duty for uninhabitable properties17:26 - Exploring chain break properties and their tax implications19:24 - Importance of consulting accountants before buying property at auction20:32 - Claiming stamp duty rebates retrospectively22:03 - Stamp duty rules for commercial acquisitions and land purchases at auction25:18 - Minimising taxes when acquiring properties at auction28:38 - Buying TLC properties and leveraging refurbishment for tax relief30:21 - Using BRRR strategies and tax considerations for limited companies31:31 - Offsettable costs when buying properties at auction33:41 - Tax treatment of costs for companies vs. individuals34:09 - Capital Gains Tax strategies for landlords selling personally owned properties36:58 - Common mistakes in calculating Capital Gains Tax38:52 - Keeping records of transactional costs to reduce tax liabilities40:04 - Buying properties through companies and tax advantages41:24 - Due diligence when acquiring companies with property assets42:56 - How to connect with Simon Misiewicz and Optimise Accountants
9 Dec 2024
Episode 26 - Property Crowdfunding with Atuksha Poonwassie
Ruban Selvanayagam from Property Solvers explores property crowdfunding with Atuksha Poonwassie, MD of Simple Crowdfunding, shedding light on a sector transforming property investment with opportunities for all.
Podcast Authority Score: 28 / 100
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