Artwork

Content provided by The Property Nomads, Rob Smallbone, and Aaron Devoy. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by The Property Nomads, Rob Smallbone, and Aaron Devoy or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Player FM - Podcast App
Go offline with the Player FM app!

General Election Housing Pledges Explored

8:05
 
Share
 

Manage episode 421659824 series 2478169
Content provided by The Property Nomads, Rob Smallbone, and Aaron Devoy. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by The Property Nomads, Rob Smallbone, and Aaron Devoy or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Rob looks at the upcoming general election in the UK and its potential impact on the property market, focussing on the issue of rising house prices outpacing wage increases, making it difficult for many to afford homes.

He delves into the promises made by political parties regarding housing, such as building more homes and overhauling the planning system. However, the lack of concrete plans and the turnover of housing ministers in recent years raise concerns about the effectiveness of these promises...

KEY TAKEAWAYS

  • Housing market facing challenges with high demand and limited supply leading to increased prices.
  • Lifetime ISA limit of £450,000 since 2017 may need to be increased to align with average house prices.
  • Both major parties, Labour and Tories, have pledged to build 300,000 new homes a year but have not outlined specific plans to fix the housing market.
  • Expectations of a rate cut in August for cheaper mortgage rates may not materialise as interest rates are predicted to rise due to inflation.

BEST MOMENTS

"It's important to look at what is likely to be said in the manifestos, but also how that could then potentially impact housing in general."

"One thing that various people have brought in over the years is the Lifetime ISA. And that has helped people to contribute to purchasing a home."

"Overhauling the planning system, again, that's been in the pipeline, I think, for a very, very long time, no matter who's been in charge."

"Too many rail ministers and you wonder why things aren't really progressing at all."

"Don't fall for the promises. Don't fall for all that mumbo jumbo. In a nutshell, the supply of housing needs to be dramatically increased."

VALUABLE RESOURCES

https://www.msn.com/en-gb/money/other/new-5-000-deposit-mortgage-allows-homeowners-to-borrow-up-to-99/ar-BB1kAyPG?cvid=a8d56fce268a490ed6c3e1a701b2dae2&ocid=winp2fptaskbar&ei=5&sc=shoreline

GET YOUR PROPERTY DEVELOPMENT FINANCE HERE:

https://propertyfundingplatform.com/WharfFinancial#!/borrowerinitialregistration

SOCIAL MEDIA/CONTACT US

https://linktr.ee/thepropertynomadspodcast

BOOKS

Property FAQs = https://amzn.to/3MWfcL4

Buy To Let: How To Get Started = https://amzn.to/3genjle

101 Top Property Tips = https://amzn.to/2NxuAQL

uk property, Investment, Property, Rent, Buy to let, Investing for beginners, Money, Tax, Renting, Landlords, strategies, invest, housing, properties, portfolio, estate agents, lettings, letting, business: https://patreon.com/tpnpodcast

  continue reading

494 episodes

Artwork
iconShare
 
Manage episode 421659824 series 2478169
Content provided by The Property Nomads, Rob Smallbone, and Aaron Devoy. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by The Property Nomads, Rob Smallbone, and Aaron Devoy or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Rob looks at the upcoming general election in the UK and its potential impact on the property market, focussing on the issue of rising house prices outpacing wage increases, making it difficult for many to afford homes.

He delves into the promises made by political parties regarding housing, such as building more homes and overhauling the planning system. However, the lack of concrete plans and the turnover of housing ministers in recent years raise concerns about the effectiveness of these promises...

KEY TAKEAWAYS

  • Housing market facing challenges with high demand and limited supply leading to increased prices.
  • Lifetime ISA limit of £450,000 since 2017 may need to be increased to align with average house prices.
  • Both major parties, Labour and Tories, have pledged to build 300,000 new homes a year but have not outlined specific plans to fix the housing market.
  • Expectations of a rate cut in August for cheaper mortgage rates may not materialise as interest rates are predicted to rise due to inflation.

BEST MOMENTS

"It's important to look at what is likely to be said in the manifestos, but also how that could then potentially impact housing in general."

"One thing that various people have brought in over the years is the Lifetime ISA. And that has helped people to contribute to purchasing a home."

"Overhauling the planning system, again, that's been in the pipeline, I think, for a very, very long time, no matter who's been in charge."

"Too many rail ministers and you wonder why things aren't really progressing at all."

"Don't fall for the promises. Don't fall for all that mumbo jumbo. In a nutshell, the supply of housing needs to be dramatically increased."

VALUABLE RESOURCES

https://www.msn.com/en-gb/money/other/new-5-000-deposit-mortgage-allows-homeowners-to-borrow-up-to-99/ar-BB1kAyPG?cvid=a8d56fce268a490ed6c3e1a701b2dae2&ocid=winp2fptaskbar&ei=5&sc=shoreline

GET YOUR PROPERTY DEVELOPMENT FINANCE HERE:

https://propertyfundingplatform.com/WharfFinancial#!/borrowerinitialregistration

SOCIAL MEDIA/CONTACT US

https://linktr.ee/thepropertynomadspodcast

BOOKS

Property FAQs = https://amzn.to/3MWfcL4

Buy To Let: How To Get Started = https://amzn.to/3genjle

101 Top Property Tips = https://amzn.to/2NxuAQL

uk property, Investment, Property, Rent, Buy to let, Investing for beginners, Money, Tax, Renting, Landlords, strategies, invest, housing, properties, portfolio, estate agents, lettings, letting, business: https://patreon.com/tpnpodcast

  continue reading

494 episodes

Все серии

×
 
Loading …

Welcome to Player FM!

Player FM is scanning the web for high-quality podcasts for you to enjoy right now. It's the best podcast app and works on Android, iPhone, and the web. Signup to sync subscriptions across devices.

 

Quick Reference Guide