South Wales Property Investors & Lettings

A Message from Lord Pickles and Lord Blunkett, followed by South Wales Property Investors & Lettings's best practice article

The ability to listen and learn from one another has always been vital in parliament, in business and in most aspects of daily life. But at this particular moment in time, as national and global events continue to reiterate, it is uncommonly crucial that we forge new channels of communication and reinforce existing ones. The following article from South Wales Property Investors & Lettings is an attempt to do just that. We would welcome your thoughts on this or any other Parliamentary Review article.

Blunkett signature Rt Hon The Lord David Blunkett
Pickles signature Rt Hon The Lord Eric Pickles

www.lettingsouthwales.com

THE PARLIAMENTARY REVIEW
Highlighting best practice
THE PARLIAMENTARY REVIEW
Highlighting best practice
52 | SOUTH WALES PROPERTY INVESTORS & LETTINGS
Managing Director
RosemaryMorgan
The first day of opening,
with Rosemary, her
husband David and
Regional Manager
Miranda Edwards
South Wales Property Investors and Lettings is led by
Managing Director Rosemary Morgan, who says that her
team’s extensive local knowledge and professional, friendly
demeanour help them to provide a service that is “second to
none”. Rosemary founded the company just five years ago, and
has taken it from success to success across the South Wales
region since. She tells
The Parliamentary Review
about the firm’s
growth and discusses the ever-growing amount of legislation
facing those operating in the property sector.
My husband and I initially came to the Rhondda Valleys from the south of
England in order to renovate and refurbish properties which we then rented out
through a local estate agency. A few years later, having learnt that our letting
agent was looking to move on from her current position, we were eager to open
our own lettings agency in the area, having worked previously in this field. We
established our company, W P Investors and Lettings, and opened an agency in
Treorchy under the trading name of South Wales Property Investors and Lettings.
Treorchy was shortlisted as one of three Welsh towns in the 2019 Best High
Street awards – and we like to think we’ve played our part in bringing business to
the town.
In May 2016, a year after we opened, we introduced property sales into our
business. We sell, rent, manage and maintain properties for clients both from the
locality and nationwide.
FACTS ABOUT
SOUTH WALES PROPERTY
INVESTORS & LETTINGS
»Managing Director:
RosemaryMorgan
»Founded in 2015
»Located in South Wales
»Services: Property sales,
lettings and management
»No. of employees: 6
South Wales Property
Investors & Lettings
BEST PRACTICE SPONSOR 2020
THE PARLIAMENTARY REVIEW
Highlighting best practice
52 | SOUTH WALES PROPERTY INVESTORS & LETTINGS
Managing Director
RosemaryMorgan
The first day of opening,
with Rosemary, her
husband David and
Regional Manager
Miranda Edwards
South Wales Property Investors and Lettings is led by
Managing Director Rosemary Morgan, who says that her
team’s extensive local knowledge and professional, friendly
demeanour help them to provide a service that is “second to
none”. Rosemary founded the company just five years ago, and
has taken it from success to success across the South Wales
region since. She tells
The Parliamentary Review
about the firm’s
growth and discusses the ever-growing amount of legislation
facing those operating in the property sector.
My husband and I initially came to the Rhondda Valleys from the south of
England in order to renovate and refurbish properties which we then rented out
through a local estate agency. A few years later, having learnt that our letting
agent was looking to move on from her current position, we were eager to open
our own lettings agency in the area, having worked previously in this field. We
established our company, W P Investors and Lettings, and opened an agency in
Treorchy under the trading name of South Wales Property Investors and Lettings.
Treorchy was shortlisted as one of three Welsh towns in the 2019 Best High
Street awards – and we like to think we’ve played our part in bringing business to
the town.
In May 2016, a year after we opened, we introduced property sales into our
business. We sell, rent, manage and maintain properties for clients both from the
locality and nationwide.
FACTS ABOUT
SOUTH WALES PROPERTY
INVESTORS & LETTINGS
»Managing Director:
RosemaryMorgan
»Founded in 2015
»Located in South Wales
»Services: Property sales,
lettings and management
»No. of employees: 6
South Wales Property
Investors & Lettings
53SOUTH WALES PROPERTY INVESTORS & LETTINGS |
HOUSING
Our culture and values
We pride ourselves on putting our
customers first. Our mottos are
“we’re not number one, you are” and
“investing in the future of Wales”.
We have always supported the local
community in a charitable way, either
with our staff time or in kind. We
pay the annual insurance for “world
of words” which supports local
schools, and we are buying the full
strip for the youth rugby team as their
principalsponsor.
We believe that our growth has come
through the way we support our clients,
whether they are tenants, landlords or
investors. We will always go the extra
mile to help them achieve their goal.
Success breeds success
We are now in our fourth year of
trading and have worked at gradually
reducing financial loss for the first
three years. We are now seeing a good
profit as a result of our endeavours.
We are certainly seeing the truth in the
adage success breeds success and are
now trading at an annual turnover of
£1.3 million and growing steadily.
Since the introduction of Rent Smart
Wales, which led to landlords having
to take a course to manage their own
properties, we have seen our list of
managed properties grow. We have
also noticed our sales increase because
many have decided to sell.
We opened a second office in Cardiff
18 months ago, which has been
very successful. We attribute this to
the fact that a lot of new student
accommodation has been built
around the area, releasing old student
accommodation for sale to families.
Challenges
We are a new self-funded business which
has grown steadily over the last four
years. We had to find a suitable location
for the business in addition to competent
staff and provide all the necessary
paperwork and legal documentation in
order to run thebusiness.
Rent Smart Wales brought its own
challenges involving staff training, all
of which have financial obligations.
It is not always easy to find banks to
support you, and we had to change
our bank account since our original
bank did not support us. We also had
to join the UKALA organisation in
order to have client money protection,
yet another financial burden.
The changes in employment law
and GDPR have involved further
staff training and expense since we
now have to pay an HR company
for ongoing support in order to staff
together with the legal obligations.
In addition, in 2017 HMRC demanded
a full report from us of all the landlords
Investing in the future of
Wales
Our mottos
are ‘we’re not
number one,
you are’ and
‘investing in
the future of
Wales’
THE PARLIAMENTARY REVIEW
Highlighting best practice
THE PARLIAMENTARY REVIEW
Highlighting best practice
54 | SOUTH WALES PROPERTY INVESTORS & LETTINGS
Review of
Parliament
Thousands gathered
in Parliament Square
to celebrate the UK’s
departure from the EU
“We’re out”
“The British people have spoken,” said the
affable BBC anchorman, David Dimbleby,
“and the answer is: we’reout.”
This was just after 5am on the morning
of Friday, June 24, 2016.
In the end, it took three years, seven
months, seven days and eighteen hours.
It took three prime ministers. Two general
elections. It took, shock-of-shocks,
two
hosts of the BBC’s Question Time. Yes,
dear old Dimbleby himself, who had
chaired that veritable feast of Thursday-
night verbal flagellation since 1994, left
the hotseat a full year before Britain finally
left the European Union. But it did happen.
At 11pm on January 31, 2020, Britain
ceased to be an EU country. The EU was
now comprised of 27 member states rather
than 28. And although, with a transition
period in place, little else of substance
had changed, there was no doubting the
historic significance of the moment.
Addressing the nation from Downing
Street, the prime minister spoke of the
dawn of a new era and the potential for
meaningful and far reaching change:
“This is not an end but a beginning. This
is the moment the dawn breaks and
the curtain goes up on a new act in our
great nationaldrama.”
He spoke about the opportunities
this moment would provide, such as
controlling immigration, creating free
ports, “liberating” our fishing industry,
doing free trade deals or “simply making
our rules and laws for the benefit of the
people of this country.”
A cricket ball’s throw away in Parliament
Square, thousands gathered for a Brexit
party, fronted by The Brexit Party. This
nascent political grouping, not yet a
year old, appeared pretty pleased with
themselves as they swayed and crooned
with the crowd. In winning May’s
European elections, they had precipitated
Theresa May’s departure, ensured her
successor was a paid-up Leave supporter,
and had helped make Brexit a reality.
In a statement, MrsMay declared that
“after more than three years, we can
finally say we have delivered on the
result of the 2016 referendum and have
kept faith with the Britishpeople.”
Outgoing Labour leader Jeremy Corbyn
said: “Britain’s place in the world will
change. The question is what direction
we now take. Wecan build a truly
internationalist, diverse and outward-
looking Britain. Or we can turn inwards,
and trade our principles, rights and
standards to secure hastily arranged,
one-sided, race-to-the-bottom trade
deals with Donald Trump and others.”
Speaking for the EU, Michel Barnier
expressed his sadness, while Donald Tusk
said: “My dear British friends. We were, we
are, and we will always be a community.
And no Brexit will ever change that.”
And so with a mix of jubilation,
apprehension and sadness, the words
spoken by David Dimbleby in the early
hours of June 24, 2016 were now a
reality. We were out.
we manage, their properties, their
entire rental income for the year
and their personal addresses. This
year they also requested the bank
accounts of each landlord, but due to
data protection rules we declined to
providethis.
The information-gathering takes our
accounts manager several days, in
consultation with our bookkeeper. It is
totally unpaid by HMRC who state that
they will impose a fine if the work is
not completed by their deadline.
Future plans
In June 2019, we opened a third branch
in Llanelli where several thousand new
homes are to be constructed. This
opens many sales and rental possibilities
for us. Two to three thousand jobs
are planned to be created in the
area, making Llanelli an even more
prominent town in southwest Wales.
We chose Llanelli as it is the link
between the Rhondda Valleys and
Cardiff through the M4 corridor,
helped by the fact the toll bridge has
been removed. We have noticed clients
from Bristol, particularly investors, are
now coming to our area.
Thanks to the growth of the business
in South Wales over the next three
years we are hoping to open two
new branches in Pontypridd and
Bristol. Both are university towns and
key areas for growth. This will link
all our agencies on the M4 corridor
and enable us to work with clients
that need to change location through
work demands. The new student
accommodation being built on campus
will release many properties for sale
orrent.
We opened a
third branch in
Llanelli where
several
thousand new
homes are to
be constructed
The agency car
A selection of our
properties

www.lettingsouthwales.com

This article was sponsored by South Wales Property Investors & Lettings. The Parliamentary Review is wholly funded by the representatives who write for it. The publication in which this article originally appeared contained the following foreword from Rt Hon Elizabeth Truss.

Rt Hon Elizabeth Truss's Foreword For The Parliamentary Review

By Rt Hon Elizabeth Truss

Even by the standards of the day –this has been one of the most exciting and unpredictable years in British politics.

The leadership election we’ve just seen marks a huge moment in our country’s history. This government is taking a decisive new direction, embracing the opportunities of Brexit and preparing our country to flourish outside the EU.

As international trade secretary, I’ll be driving forward work on the free trade agreements that are going to be a priority for the government. Free trade isn’t just an abstract concept bandied around by technocrats. It is crucial for a strong economy and for the ability of families to make ends meet. Free trade benefits people in every part of our country, as British firms export to new markets and people doing the weekly shop have access to a wider choice of goods at lower prices.

The essence of free trade is in the title: freedom. It’s about giving people the power to exchange their goods without heavy government taxation or interference. Commerce and free exchange are the engine room of prosperity and social mobility. I’m determined to tackle the forces who want to hold that back.

One of my priorities is agreeing an exciting new free trade deal with the US, building on the great relationship between our two countries and the Prime Minister and US President. But I’ll also be talking to other partners including New Zealand, Australia and fast-growing Asian markets.

And with the EU too, we want a friendly and constructive relationship, as constitutional equals, and as friends and partners in facing the challenges that lie ahead – a relationship based on a deep free trade agreement. Our country produces some of the world’s most successful exports, and the opportunity to bring these to the rest of the world should make us all excited about the future. It is this excitement, optimism and ambition which I believe will come to define this government.

For too long now, we have been told Britain isn’t big or important enough to survive outside the EU – that we have to accept a deal that reflects our reduced circumstances. I say that’s rubbish. With the right policies in place, we can be the most competitive, free-thinking, prosperous nation on Earth exporting to the world and leading in new developments like AI. To do that, we’ll give the brilliant next generation of entrepreneurs the tools they need to succeed. Since 2015, there has been a staggering 85 per cent rise in the number of businesses set up by 18 to 24 year olds – twice the level set up by the same age group in France and Germany. We’ll help them flourish by championing enterprise, cutting taxes and making regulation flexible and responsive to their needs.

As we do that, we’ll level up and unite all parts of the UK with great transport links, fibre broadband in every home and proper school funding, so everyone shares in our country’s success.

2019 has been the year of brewing economic and political revolution. 2020 will be the year when a revitalised Conservative government turbo charges the economy, boosts prospects for people across the country, and catapults Britain back to the forefront of the world stage.



Rt Hon Elizabeth Truss
Secretary of State for International Development