Rishi Thinks THIS Will Win the Election? Mark analyses the 5 empty promises Rishi Sunak has made during his premiership. Jeremy Hunt’s NEW help-to-buy scheme could put tax cuts in turmoil and an update on the leasehold reforms.
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Let’s unravel the key points discussed in this episode:
🏘️ Rishi Sunak’s Promises: Mark assesses Rishi Sunak’s progress on his five promises, including halving inflation, growing the economy, reducing debt, cutting waiting lists, and stopping illegal immigration. He critically examines the successes and failures, offering insights into the challenges faced by the government.
🏘️ Property Price Profits: Analyse the Guardian article about homeowners profiting on property sales, averaging £202,000 in 2023. He challenges the suggestion of banning such profits, highlighting the nature of property investment and the capitalistic principles of a free market.
🏘️ Leasehold Reforms: Mark addresses the ongoing issue of ground rent and freeholders. With a focus on potential reforms, including capping ground rents and banning leasehold houses, he shares insights on the impact these changes may have on property ownership, particularly for pension schemes.
🏘️ Jeremy Hunt’s Help-to-Buy Scheme: Explore Jeremy Hunt’s spring budget proposal to reintroduce a help-to-buy type scheme with a 99% loan-to-value mortgage. The significant shift is the inclusion of existing properties, potentially making it more appealing for first-time buyers. Mark discusses the potential impact on the property market, government guarantees, and the risks involved.
DISCLAIMER: This video is not sponsored, nor is it endorsed, by any third-party affiliates. This is NOT financial advice.
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TIMESTAMPS:
0:00 PROPERTY NEWS
0:38 When Are 99% MORTGAGES Coming?
1:21 Can You Get Help to Buy for Non-New Builds?
3:09 What Caused the Housing Crisis?
3:58 Will Ground Rent Be Capped?
5:53 Are Leasehold Houses Getting Banned?
6:08 Has Inflation Gone Down?
7:20 Is the UK Economy Dying?
7:53 What is the UK National Debt?
8:13 Is the NHS Getting Funded?
8:37 Is Rishi Sunak a Good Prime Minister?
8:56 Will the Tories Win the Election?
9:41 Stay Tuned!
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