In this Property Education video, Simon Zutshi, author of Property Magic, founder of the property investors network (pin), and successful property investor since 1995 discusses how 100% Mortgages Are Back and the impact this has on Property Investment in the UK. Will it cause the Next Housing Market Crash?
100% Mortgages Return and Simon underlines how Property Investors should definitely understand how the UK Property Market is changing. Whilst No Deposit 100% Mortgages mainly affect First Time Buyers, it still has a knock on effect on the UK Housing Market. With 100% Mortgages Explained, he elaborates on the 2 main problems associated with First Time Buyer Loans, this includes Housing Affordability.
During a Property Market where the Bank of England base rate is relatively high and mortgage affordability is an issue, will there be many people who can actually utilize the First Time Buyer 100% Mortgage?
As part of his Tips for First Time Buyers in the UK, Simon encourages first time buyers to consider renting rooms in your property, so that the rent can help to cover your mortgage and bills. He stresses how the UK Government are actually encourages home owners to do this through a Rent a Room Scheme.
Are 100% Mortgages Risky? Simon shares some background on the 2008 Property Market Crash and what we are likely to expect right now in the UK property market. Whilst we know the Housing Market is starting to come down, people could get into Negative Equity if they take out 100% mortgages and the UK property market continues to fall. Simon explains What is negative equity?
Simon summarizes that ‘you don’t know what you don’t know’, and if you are interested in How to Invest in Property in 2023, it is important to continuously build your Property investing Knowledge with reliable Property Training. Subscribing and watching more of Simon’s YouTube channel property education videos is a great way for you to do that.
Why not subscribe now and hit the bell icon so that you get notified whenever Simon Zutshi released a new property training video.
Share this Post