@@Ineedahandle75 You know I have looked into that. Van Life kind of thing. But when you spend 2/3 of your income on rent in the first place. Saving up takes longer nowadays. There is no let up.
@@Ineedahandle75 Or a houseboat if it's a practical proposition. No council tax, no planning required. Mooring fees, the odd gas cylinder, some logs for the stove, a few solar panels on the roof, along with some storage batteries.
Thanks guys! Great to hear such interesting opinions. We’re older ftb’s with a decent deposit but have been top trumped by cash buyers on the last 2 houses we’ve tried to buy. Feels impossible out there at the moment! Phil, after a 2 year search I think it might be time to call in your help! My viewers always tell me I should apply for Location so I’m really pleased to hear you’re filming again!!
Second home owners are 1 of the reasons that people can’t get a decent house, glad to see the lenders favouring first time buyers rather than investors
*No 1: Don't Only Hope On Government For Income,* *No 2: As An Individual Look For Different Self Income Not Only Waiting on Monthly Wages,* *No 3: Always Save The Little You Can And Think Of What To Do With It When It Become Good For Capital.* *It's 100% Good To Have Different Ways To Gain Income* *Because Government have failed us so therefore let's try and survive*
Inflation is here. Governments don’t want interest rate rises, but it will happen ask banks tighten lending and offset mortgage revenue losses. Furlough and stamp duty holiday will end. Housing Supply will increase and yet the buyers won’t be there due to interest rate uncertainty and lending criteria. I can’t see a plateau in house prices, but a crash. Boons always correct and a bust is inevitable
Outrageous. You now have to compete with the mortgage lender in the housing market. Lloyd’s are claiming the low interest rates on mortgages are forcing them to buy residential property to rent out to the general population. Good luck everyone.
Great point on parents saying the flat is too small for that sort of money. My dad moved to the US 15 years ago so hasn’t an idea of how things have changed.
I can't believe more people aren't watching these videos. I think they are great. One undervalued reason why I think the market it in such a boom is that people are bored! They are sat at home with nowhere to really go or spend their money on so it's easy to dream about moving to a lovely new house. Browsing Rightmove can be addictive. That's until they find out the brutal reality of the market and how competitive it is! That was our experience anyway.
Brilliant video! Most content on social media is sensationalist clickbait; refreshing to see you being pragmatic about the next year. Keep the videos coming 👍🏻
Your guest used first time buyer and investment in the same sentence!?! Majority of people own 1 home, its not an investment, it doesn't give you a return. People need to park capital gains until they've own a property for a number of years.
Have House prices gone up....or is it the value of your money that has gone down....🤓 Seriously tho.. with everyone expecting interest rates to stay low, i think inflation and the government trying to control it will surprise the market.
What they avoided to talk about was that in the mid 90s with the high rates property prices crashed in response. But then that happened based on a higher starting points of rates. This time rates are so low that even the most modest increases are dramatic percent changes... There is a study of the BoE from a few months back forecasting 20 pct house price falls per rate increase pct pt. Good luck remortgaging in 5 y time.
Putting out a survey asking people if they want to move doesn’t show that demand for houses are rising. It’s like asking would you like a Ferrari that does determine demand for Ferraris. If you allow people to buy 5% mortgages at such a low rate your asking for trouble.
I think cautiously when, in a recession, house turnover excellerates (and therefore prices rise quickly). If these are favouring 1st time buyers then there is a risk of foreclosures and defaults when the prices correct themselves and 1st time buyers pull out too soon.
9.08: The young don't earn enough to buy my little city ( no outside space) flat. So someone like me is stuck and cant buy up the ladder. I fit a certain demographic and London is full of us. . I'm a middle aged single woman on single income non permanent work contracts. Many times I regretted buying. My age group is not going to be earning more but less. We cant get up the ladder -yet we occupy the decent well built first time buyer properties. What this means in reality is a wider gulf and between upper middle class and lower middle class and eventually stasis.Thanks for the video though.
First time buyer, 3.09% interest rate for 2 years, 3.45% for 5 years fixed. At this current rate, do you think interest will likely rise above 3.45 fixed after 2 years? and if so, do you recommend going for 5 years given the times?
In my opinion I believe banks and hedge funds with REIT portfolios are waiting for this. If they deal directly with estate agents they get first refusal on property before it goes on the market. I don’t think the price of property will concern them as much as the fact it’s coming on the market as I believe they just want to scoop everything up and hold it as long term rental. Pretty sure they can out bid anyone. I hope I’m wrong.
But the rents can be as expensive as the mortgage these days it’s ridiculous if people can pay out the same amount on renting why on earth can’t they get a mortgage to try and own their place so unfair.
Quite an intersting session guys.... Just one question, I m from India and want to invest in uk market,so is it possible to do that or you have to be a UK citizen to buy a aproperty there? Thanks
We deeply appreciate the sheer hard work put into this channel. Perhaps at some point a video could be made about purchasing UK property with cryptocurrency?
@@paulpalmtree9295 what is very obvious is that no matter what the experts are forecasting they are never right. Whether that be inflation, house prices, global climate, weather. It's never right.
@@paulpalmtree9295 The crunch has got to come with what is going on in stocks and world finance eventually pushing up inflation and there on interest rates surely ?
![โรงเรียนตอนตี 2 โคตรหลอน..!! [โรงเรียนไดเม่]](http://i.ytimg.com/vi/2MAEMwqVYh8/mqdefault.jpg)
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Bank says I cant afford a £800pm mortgage so I have to stay paying £1100pm to rent.
Sorry to hear this
Get a motorhome/ campervan/ caravan?
@@Ineedahandle75 You know I have looked into that. Van Life kind of thing. But when you spend 2/3 of your income on rent in the first place. Saving up takes longer nowadays. There is no let up.
So stupid isn’t it this has been happening for a long time and it really doesn’t make any sense at all 😇
@@Ineedahandle75 Or a houseboat if it's a practical proposition. No council tax, no planning required. Mooring fees, the odd gas cylinder, some logs for the stove, a few solar panels on the roof, along with some storage batteries.
Thanks guys! Great to hear such interesting opinions. We’re older ftb’s with a decent deposit but have been top trumped by cash buyers on the last 2 houses we’ve tried to buy. Feels impossible out there at the moment!
Phil, after a 2 year search I think it might be time to call in your help! My viewers always tell me I should apply for Location so I’m really pleased to hear you’re filming again!!
Thanks for the feeback. You can access Phil's advice over on our website moveiQ.co.uk
Second home owners are 1 of the reasons that people can’t get a decent house, glad to see the lenders favouring first time buyers rather than investors
Spot on. There should be 0 stamp duty for first timers and 75%+ for second home buyers imo.
If anything house prices have been climbing too drastically in recent years it needs to lose pace or a wall will be hit.
*No 1: Don't Only Hope On Government For Income,*
*No 2: As An Individual Look For Different Self Income Not Only Waiting on Monthly Wages,*
*No 3: Always Save The Little You Can And Think Of What To Do With It When It Become Good For Capital.*
*It's 100% Good To Have Different Ways To Gain Income*
*Because Government have failed us so therefore let's try and survive*
Inflation is here. Governments don’t want interest rate rises, but it will happen ask banks tighten lending and offset mortgage revenue losses. Furlough and stamp duty holiday will end. Housing Supply will increase and yet the buyers won’t be there due to interest rate uncertainty and lending criteria. I can’t see a plateau in house prices, but a crash. Boons always correct and a bust is inevitable
What affects do you predict Lloyds bank coming into the residential property rental market will have on house prices and private landlords?
Got any more info on this?
Found an article about it. Crazy... so much for converting generation rent, to generation buy!!
Outrageous.
You now have to compete with the mortgage lender in the housing market.
Lloyd’s are claiming the low interest rates on mortgages are forcing them to buy residential property to rent out to the general population.
Good luck everyone.
House prices aren’t going up....the value of money is going down rapidly as they print it for fun
@@paulpalmtree9295 really? Did house prices crash in Venezuela when hyperinflation hit? Or did they rise massively along with everything else?
Great point on parents saying the flat is too small for that sort of money. My dad moved to the US 15 years ago so hasn’t an idea of how things have changed.
Thanks for your feeback.
I can't believe more people aren't watching these videos. I think they are great. One undervalued reason why I think the market it in such a boom is that people are bored! They are sat at home with nowhere to really go or spend their money on so it's easy to dream about moving to a lovely new house. Browsing Rightmove can be addictive. That's until they find out the brutal reality of the market and how competitive it is!
That was our experience anyway.
Brilliant video! Most content on social media is sensationalist clickbait; refreshing to see you being pragmatic about the next year. Keep the videos coming 👍🏻
Much appreciated!
Your guest used first time buyer and investment in the same sentence!?! Majority of people own 1 home, its not an investment, it doesn't give you a return. People need to park capital gains until they've own a property for a number of years.
Remarkable is not the word I would use. Lunacy and greed and fomo are more appropriate.
Have House prices gone up....or is it the value of your money that has gone down....🤓
Seriously tho.. with everyone expecting interest rates to stay low, i think inflation and the government trying to control it will surprise the market.
FTB have been shafted FFS :(
What they avoided to talk about was that in the mid 90s with the high rates property prices crashed in response. But then that happened based on a higher starting points of rates. This time rates are so low that even the most modest increases are dramatic percent changes... There is a study of the BoE from a few months back forecasting 20 pct house price falls per rate increase pct pt. Good luck remortgaging in 5 y time.
So a rise of 5 pc interest makes houses free , I can’t wait yippee
@@sailormarttiki3197 sadly its a nonlinear model.
Putting out a survey asking people if they want to move doesn’t show that demand for houses are rising. It’s like asking would you like a Ferrari that does determine demand for Ferraris. If you allow people to buy 5% mortgages at such a low rate your asking for trouble.
I think cautiously when, in a recession, house turnover excellerates (and therefore prices rise quickly). If these are favouring 1st time buyers then there is a risk of foreclosures and defaults when the prices correct themselves and 1st time buyers pull out too soon.
Thanks for sharing
9.08: The young don't earn enough to buy my little city ( no outside space) flat. So someone like me is stuck and cant buy up the ladder. I fit a certain demographic and London is full of us. . I'm a middle aged single woman on single income non permanent work contracts. Many times I regretted buying. My age group is not going to be earning more but less. We cant get up the ladder -yet we occupy the decent well built first time buyer properties. What this means in reality is a wider gulf and between upper middle class and lower middle class and eventually stasis.Thanks for the video though.
But the mortgage lenders are not lending very easily they are making it very difficult for some people to move
Have a watch of our latest video where Phil asks this question of Nationwide th-cam.com/video/bvu30yRDry8/w-d-xo.html
First time buyer, 3.09% interest rate for 2 years, 3.45% for 5 years fixed. At this current rate, do you think interest will likely rise above 3.45 fixed after 2 years? and if so, do you recommend going for 5 years given the times?
Interest rates will be 15% in 3 years times. Plan for that.
@@naillijseer 15%? Has it ever reached that high? What is your prediction based on?
In Poland intrest rates went up from 7 to 30 percent just in ten years. From 1990 to 2000. But i'm Poland everything can happen.
Very interesting, thanks Move-IQ team
Our pleasure!
good listen, thank you guys
Thanks for the feedback
Thanks for the advice!
Happy to help!
once the stamp duty holiday is finish, the housing market will fall so just wait for it to fall next year
In my opinion I believe banks and hedge funds with REIT portfolios are waiting for this.
If they deal directly with estate agents they get first refusal on property before it goes on the market.
I don’t think the price of property will concern them as much as the fact it’s coming on the market as I believe they just want to scoop everything up and hold it as long term rental.
Pretty sure they can out bid anyone.
I hope I’m wrong.
We are watching things closely too
Thanks for the content have Shared on "My TH-cam Channel" Cheers Frank Melbourne Australia
But the rents can be as expensive as the mortgage these days it’s ridiculous if people can pay out the same amount on renting why on earth can’t they get a mortgage to try and own their place so unfair.
Quite an intersting session guys....
Just one question, I m from India and want to invest in uk market,so is it possible to do that or you have to be a UK citizen to buy a aproperty there? Thanks
Hi Ankit, due to a housing shortage only British citizens are allowed to purchase property. Please buy property in your own country.
@@maximuswong3092 nice try :)
Rent fall? Definitely not in Cornwall
thanks for sharing
People have realised they hate their homes lol
I certainly don't. I like where I live very much.
The design of them isnt what humans really want they are designed by people wanting to make a big profit…
Big haircut incoming I'll wait
Loved your videos and would love to have you on my radio/TV shows. Can you reach out to me and leave a number where I can talk to you personally!!
Really really insightful - thanks guys.
Glad it was helpful!
We deeply appreciate the sheer hard work put into this channel. Perhaps at some point a video could be made about purchasing UK property with cryptocurrency?
🤔
@@MoveiQ apparently at least one sale went through in Gibraltar :)
You're better off investing in socks not stocks right now
Socks will still be socks... Stocks..hmm.
Brilliant and very informative discussion.
Thank you
It's got to crash. Bust always follows boom
@@paulpalmtree9295 what is very obvious is that no matter what the experts are forecasting they are never right. Whether that be inflation, house prices, global climate, weather. It's never right.
Question is: when and from what level will they crash.
@@paulpalmtree9295 The crunch has got to come with what is going on in stocks and world finance eventually pushing up inflation and there on interest rates surely ?
And then it climbs back up again. That's always been the way.
@@Brian-om2hh usually slower than the crash
Thank you. More of these videos, please!
More to come!