Business UK
House price fall may make it ‘MORE difficult’ to get a mortgage says property expert
Independent Estate Agency Owner Jeremy Leaf discusses the recent fall in house prices, and its impact on the property market.
#property #housingcrisis #houseprices #uknews
Keep up to date with the latest news at https://www.gbnews.com
Twitter: https://twitter.com/GBNEWS
Facebook: https://www.facebook.com/GBNewsOnline
Download the GB News app! You can watch GB News on all of your favourite devices and keep up to date with the latest news, analysis, opinion and more.
https://www.gbnews.com/watch/how-to-watch
source
In the midst of a looming financial crisis, Chancellor Rachel Reeves has chosen to visit China, sparking outrage and raising serious questions about her leadership. With gilt yields climbing to 30-year highs and comparisons to the economic chaos of the 1970s, Britain faces an uncertain future. Nana Akua investigates the implications of Reeves’ actions, including the lack of confidence from markets and the British public, the potential fallout from closer ties with Beijing, and what this means for the average Briton. Is Reeves truly seeking solutions, or is this trip an act of avoidance? Find out why this story could define the next chapter in UK economic history.
#UK #news
Keep up to date with the latest news at https://www.gbnews.com
Follow us on X: https://x.com/GBNEWS
source
A lively look at all the latest live and breaking news for the weekend from around the UK with our network of GB News reporters, …
source
Business UK
Nigel Farage Leaves Ex-Labour Minister STUNNED Over NINE JOBS And Income: ‘Questions to ANSWER!’
‘The people of Clacton aren’t fooled. They see Nigel for what he is: a proven leader who’s won national elections, run successful …
source
Join Nana Akua for a fun and feisty romp through the news. She’ll be getting the inside scoop on the stories that matter to you and …
source
A lively look at all the latest live and breaking news for the weekend from around the UK with our network of GB News reporters, …
source
-
Food UK12 months agoPANCAKES EXPERIMENT: SAME Ingredients DIFFERENT Techniques
-
Business UK2 months ago
Martin Daubney | Wednesday 27th November
-
Other UK12 months ago
The BBC is on obtained time and is quick ending up being Bri…
-
Business UK1 year ago‘This is his top priority’ | Jake Berry on Tom Tugendhat’s economy plans
-
Other UK12 months ago
SUMMERTIME PUDDING RECIPE – SORTED
-
Politics UK1 year agoEnding Anonymity Online: Britain’s Plans to Change the Internet – TLDR News
-
News UK1 year agoUN agency warns of impending ‘health disaster’ in Gaza – BBC News
-
Fashion UK11 months ago
“Someone Picked Your Wife For You” (Now Your Enraged)
-
Other UK12 months ago
Could Reform Cost the Tories the Next Election?
-
Food Recipes UK1 year agoGordon Ramsay’s Fast Food Guide | DOUBLE FULL EPISODE | Ultimate Cookery Course
@ketoman78
January 27, 2024 at 8:28 pm
I rather keep on renting in London and buying a small lovely house later on 100s of miles away from here cheap, for my older age if I'd stay in the UK (which I doubt). Safer, less stressful, cheaper. Once you have a hefty mortgage with low deposit, it's like having an axe on your neck for about 30 years. Thank you, but no thank you.
@BilloBob1231
January 27, 2024 at 8:28 pm
Hahahaha keep laughing you have no idea what your talking about
@mrmeldrew693
January 27, 2024 at 8:28 pm
Of course it will, my mortgage will rise by about £300 a month next year. I've had my house 8 years and paid a sensible price at that time.
Not a chance in hell I could buy my house from scratch now, despite having relatively healthy pay rises.
@TF-cn6oj
January 27, 2024 at 8:28 pm
So if your a cash buyer your laughing
@ngselina4638
January 27, 2024 at 8:28 pm
Actually still lots of affordable buyers from aboard will seize the chance to invest.
@ngselina4638
January 27, 2024 at 8:28 pm
There was a case that the solar panel caused fire on the whole roof in a new built house, horrible 😩
@ph8077
January 27, 2024 at 8:28 pm
Another agent punched on the nose by an unhappy customer?!
@paul.ashford
January 27, 2024 at 8:28 pm
In my opinion, a housing market crash is imminent due to the high number of individuals who purchased homes above the asking price despite the low interest rates. These buyers find themselves in precarious situations as housing prices decline, leaving them without any equity. If they become unable to afford their homes, foreclosure becomes a likely outcome. Even attempting to sell would not yield any profits. This scenario is expected to impact a significant number of people, particularly in light of the anticipated surge in layoffs and the rapid increase in the cost of living.
@skndulge
January 27, 2024 at 8:28 pm
90% of the properties I’ve viewed over last 3 years have been owned by landlords, it’s rarely ever the home owner that lives in the property.
@kinglouiesshed8995
January 27, 2024 at 8:28 pm
Simple.
Stop telling the people who are paying 750-1000 pm in rent we can’t afford a 570pm mortgage and we’ll get more people on the ladder
@stephfoxwell4620
January 27, 2024 at 8:28 pm
The average house is ten times the value it was in 1980.
And a hundred times the value it was in 1960.
@linkwinmathego5109
January 27, 2024 at 8:28 pm
It's all messed up. Weren't they thinking of having negative interest rates during the pandemic. So much for insight and planning. These policy makers should be booted out.
@al1356
January 27, 2024 at 8:28 pm
Market is manipulated by estate agents, mortgage lenders, banks and builders. Put a restriction on how long land can be held before being built on and abolish councils from being able to take cash payments as part of section 106 agreements. Force the builders to build on banked land and you will free up the market, it is being manipulated by those in the chain to ensure margins are as high as possible
@joannazian7699
January 27, 2024 at 8:28 pm
What a load of rubbish. Because the prices go down, it'll be more difficult to get a mortgage???
The only reason getting a mortgage will be more difficult is high rates that are rising on a daily/weekly basis meaning the buyers' affordability shrinks at the same rate and if someone doesn't pay attention to it, they may think they can still buy houses at the prices they could just a month two months ago or at the time of receiving their DIP.
@bdoubleeb3039
January 27, 2024 at 8:28 pm
House prices go up, bad, house prices go down, bad. Clown world.
@amazighman2
January 27, 2024 at 8:28 pm
Greedy sellers and greedy landlords
@TheRealMrLaserCutter
January 27, 2024 at 8:28 pm
Lots of vested interest now trying to scare the government into propping up the market.
@erushbass8326
January 27, 2024 at 8:28 pm
As a cash buyer I'm laughing my ass off at this.
@atomiclemon77
January 27, 2024 at 8:28 pm
40 seconds in and I can't handle it. Who are these people lol.
@bertfranciscorealuyo7379
January 27, 2024 at 8:28 pm
😢ano dwa
@maxpower1797
January 27, 2024 at 8:28 pm
We are walking in to a depression.
@spurs541
January 27, 2024 at 8:28 pm
Cost of building materials labour rules and regulations houses will never be cheap
@englishpatriot5633
January 27, 2024 at 8:28 pm
The system is set up to protect and endow the rich nothing will get better
@goalhanger6073
January 27, 2024 at 8:28 pm
without landlords most properties would be still badly neglected. facts. we need landlords and more but only as credit is so hard to get.
@goalhanger6073
January 27, 2024 at 8:28 pm
if you rent for 3 years not missed a payment and have a strong job with regular income for last 3 years you should be able to get a mortgage. but it’s the credit score which doesn’t really help anyone. most people got into debt in their 20s and rent without a chance to buy. this needs to change. give those a second chance.
@MateuszSosnowicz
January 27, 2024 at 8:28 pm
Price and migration controls are the only solution to the housing dilemma if we can reverse the inflow to an outflow and control housing we could give every indigenous European a dignified place to start a family and stop our birth decline from 1.2 to maybe 3
@prycelessly
January 27, 2024 at 8:28 pm
I call BS! The lower the price, the better for the well qualufied buyer. Banks have no problem entering mortgage agreements with strong investors.
@sweetvuvuzela4634
January 27, 2024 at 8:28 pm
No no crash sunak and co will delay it as much as possible
@kayhussain8468
January 27, 2024 at 8:28 pm
Who in the right mind would want but a house next 3 years
@somethinglikeanonymous1773
January 27, 2024 at 8:28 pm
I blame the immigrants.
@Tonk1e
January 27, 2024 at 8:28 pm
the market will collapse and it will be a good thing. when house prices are 7.5x annual wages or more its unsustainable. it should be 2.5 to 3x. expect a 50% drop
@Poultrymad
January 27, 2024 at 8:28 pm
We don't need more houses built, we need less people in the country & a ban on foreigners buying to rent at extortionate prices. We should also use brownfield sites, renovate & restore older buildings instead of knocking them down as most were better built than todays shoeboxes.
@mattx4253
January 27, 2024 at 8:28 pm
solar panels are a total waste of money and so are stupid green techs with only insulation being worth doing.
@user-ub4pl6tz2e
January 27, 2024 at 8:28 pm
Remember we had 15 years of very low interest rates 0 percent
Thanks , paid off early
Free morgage
But my council tax a mortgage???
But the good news am on low-income
My council tax low also
Much better offer
Play the system
Street wise TAL
@monktontrimble763
January 27, 2024 at 8:28 pm
Youll own Jack shit be skint be homeless …but guess which 1000 a day invadees WONT BE???
@billytollerton4220
January 27, 2024 at 8:28 pm
All planned .
@visiblekoment
January 27, 2024 at 8:28 pm
You dont need solar panels to meet building regs.
@stephengreen2626
January 27, 2024 at 8:28 pm
Whether or not you like GB news, they are covering cost of living and housing really well at the moment. Before you rub your hands that by somebody else losing money you can get a cheap house, it needs to be borne in mind that you might not get that mortgage to do so. Opportunity must align with preparation.
@xDAAAZEx
January 27, 2024 at 8:28 pm
Fair enough saying it’s better to get a house over renting. However when rent is so high, it’s wiping out any chance of saving for a deposit, it’s just never going to happen….
@bestyoutube5318
January 27, 2024 at 8:28 pm
House price goes down so the new invaders will get interest free to buy the now cheeper houses ? 🤮🇬🇧
@doubleooh7337
January 27, 2024 at 8:28 pm
Only a low IQ person would think this backwards
@kickpublishing
January 27, 2024 at 8:28 pm
This happens every 4 years. 6 months from now the news will be that they’re rising. It’s done to cool down or heat up the nuclear reactor that is modern monetary theory
@ainanarvaez9496
January 27, 2024 at 8:28 pm
I'm favoured, $230K every weeks! I can now afford anything and also support God's work and the church.
@marcoducceschi3849
January 27, 2024 at 8:28 pm
House prices are falling and will fall this year 2024 and 2025. I also believe house prices in ten years will be less than they are now
@connormcleod9595
January 27, 2024 at 8:28 pm
Wait till 2025 and get the property 30% less. Let time do the negotiating.
@taresy6789pp
January 27, 2024 at 8:28 pm
I am struggling save for a haribo lol never mind a mortgage 😂😢
@iancoles1349
January 27, 2024 at 8:28 pm
Ai is going to change everything soon anyways.And things are not going ing to get back to before.
@DDD-xx4mg
January 27, 2024 at 8:28 pm
If your bought 20+ years ago happy days
@somethinglikeanonymous1773
January 27, 2024 at 8:28 pm
We need to increase house prices!