In this episode, Mark gives his thoughts on recent property news. He talks about current planning restrictions, ground rent problems and gives his educated opinion about the new suggested help-to-buy scheme from Jeremy Hunt.
KEY TAKEAWAYS
- Jeremy Hunt is looking at creating a similar scheme to the previous help to buy where the government helps fund houses for buyers, including on existing homes.
- The previous help-to-buy schemes were often overpriced and put lenders and the government at some risk.
- Planning is preventing much-needed house building. Until this changes we can’t tackle the housing crisis in the UK.
- There is a government consultation that has just been completed to cap extortionate ground rents for existing leases.
BEST MOMENTS
"Jeremy Hunt is looking at reintroducing a help-to-buy type scheme”
“It was a great gravy train for the developers”
“They’re not building anywhere enough, due to planning”
VALUABLE RESOURCES
https://www.youtube.com/user/progressiveproperty https://www.progressiveproperty.co.uk/the-progressive-co-founders/
ABOUT THE HOST
Mark has bought, sold or has managed around 1,000 property units for himself, Rob, his family and his investors since 2003. He is a system and spreadsheet geek and has developed a complex, confidential deal analyser system of buying residential, commercial and multi-let properties.
CONTACT METHOD
Email: [email protected]
LinkedIn: https://www.linkedin.com/in/markhomer1
Facebook: https://www.facebook.com/markprogressive
Twitter: https://twitter.com/markprogressive
‘Brought to you by Progressive Media’: https://progressivemedia.uk/
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