A New Help to Buy Scheme + other news

Mark My Words Podcast

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: [e-mail]

LinkedIn: https://www.linkedin.com/in/markhomer1

Facebook: https://www.facebook.com/markprogressive

Twitter: https://twitter.com/markprogressive

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