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: Markhomer@progressiveproperty.co.uk

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

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

Twitter: https://twitter.com/markprogressive

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