The shock is less felt as it's over the life time of the mortgage. Still day light robbery though 😊

He isn’t happy about it either but he’s saying at least it’s a way we can mitigate some of the financial issues we’re currently having acquiring property at this time

The thing is, the prices are what they are put on the market for, not what they sell at. Sellers need to get realistic.

@@Gollumfilithey are still selling in our area. Prices are being underpinned by lack of supply. Given the seemingly endless rise in population and lack of new building, that relationship looks set to stay.

@@Gollumfili Nationwide and Halifax reports transaction prices not listing prices, and both indices are just flat. Not looking good for potential buyers.

Agents and media tricks to keep them high

​@graemebarriball303 there's plenty of housing developments in Midlands upwards, but starting @ £300k 😮 not even with solar panels on them.

If costs rise for us, those costs will eventually be pushed into customers. That means rising rents😮

@marcus.H Q. then who is making the money ? answer. A. The banks. Q. And who is doing the money collecting on behalf of the banks ? A. You are Q. And who is taking the risk ? A. you are Q. And what is driving inflation ? A. The interest rates, which are pushing arrangement fees, cost up. Q. who is pushing the interest rates up to reduce inflation ? A. The Bank of England. Q. Has it reduced inflation A. Probably not because energy costs have also plummeted over the last 18 months which drove inflation in the first place. The main question is Q: Who does this benefit the most ? A. The Bankers Q . Who suffers the most ? A. The tenant paying the rent who has no control over the rates being forced on them. What's the resolution ? Tenant needs to earn more to pay the rent. Tenant gets a pay rise, the person paying their wages has to charge more to customers to accommodate wage increases customers need to earn more.... banks need to pay more wages to their staff.... banks end up back where they started as their large interest rate increases are now dwarfed by their costs of running their bank

@@markkimba74 not to be glib, but this is something we cannot fix. It makes those who own property richer, since inflation reduces their debt in real terms and pushed up house prices. It pushes up wages as inflation keeps going, so in real terms it may or may not make the average worker better off. The banks will see some negative feedback but overall they'll probably benefit. I can't fix it, so why should it be any of my concern?

Good spot! Sorry

Also, why is his monthly calculation for the 2nd mortgage with a lower interest rate having a higher monthly cost ?? Surely it would be lower and then the fee on top ??

your right, the 1st monthly payment should be £742pm, hence £617pm is cheaper. Did no one proof read this shit ?

Thank God my headphones are okay lol.

Not just me then!

I’ve noticed lenders charge their application fees, deny the mortgage for a weak reason and pocket the application fee. This is something very few people are talking about

Hopefully they go hard and add huge taxes for holiday properties. That alone will increase supply into the market which will reduce prices.

@@PK-xu7gu Not only holiday properties. I think they will first introduce rent controls. If you're an investor, will you go in a deal knowing they fixed your yields for the next 10 years or so? Plus, how much more is there for capital growth left?

@@PK-xu7gu They aren’t going to crash the housing market. Happy to revisit these comments in a few months. 😉

@@PK-xu7guI’m selling my two properties labour or no labour. Just have lost the drive now to be a landlord. Plus I’m 55 and looking to retire. Earning more in my ISA.

The way they are debasing the currency, it’s hard to believe prices of homes could fall in the medium to long term..

@@andrewfallon2719 agreed, that’s why I’ve still invested despite the fees and interest rates. I am worried about fees becoming an accepted part of investing though as some investors might find all their capital growth wiped out.

@@andrewfallon2719agreed which is why I’ve still invested, I do worry that these fees will eat all capital appreciation though

It may have been the case whe. Interest rates are artifically low, now we are in normal rate and things might work out differently. Who knows.

@@FreaksSpeaks it’s stil a nice way to earn a living I enjoy the work,

Do you work for the USURIOUS banks?

@@youtubeman5033 Labour are going to tax the hell out of you. Haha

@@PK-xu7gu no they won’t because I have a brilliant accountant and if your clever there are legal ways to avoid tax, so ha ha, And as my brother says I don’t mind having a million tax bill because then think how much he’s making

And what's your point exactly? That buy to let still makes sense because you have a personal interest in it?😂

@@SycAamore No, I do it through ltd company , paying myself tax free dividend, salary, Director's loan, shares and when I sell the Buyer do not have to pay Stamp Duty. I would suggest you to learn form another channel, where people are doing it practically and not running mouth to mislead people & get views for monetisation. You would always fail if you learn from this channel.

@@tradingrules2228 Yep, and with Labour coming they're going to kill all your profit. 🤣

​@@PK-xu7gu Read what I wrote, new Government comes and goes, tax rates & mortgage rates will always go up alongside the property prices, you need to learn to beat the tax man. You would certainly not achieve it in this channel.

@@tradingrules2228 Have you seen other channels with better information?

Have you been in a coma for the last 12 years or just blissfully ignorant?

@@live_monkey2485 Labour always crash the economy, your obviously young.

@@live_monkey2485 He has lived through the 80's & 90's when the Tories really wrecked the economy and "i LiVeD wiTh 14% iNtEreST"* Please ignore the 3x value of property where it is 9x+ now.

@@live_monkey2485he’s a Tory voter

Labour always crash the economy by doing dastardly things like investing in the NHS etc