Hosts Jim Parker is joined by Letting Agent Richard Cook and Estate Agent Jimmy Mullen to discuss this week’s news in the Fife Property Market while answering questions live on their TV show every Saturday morning @ 9.30am.
Today’s agenda in case you would like to skip to the section required is:
2 min 40 sec – 400 x 95% First Time Buyer mortgages in March 2020 v’s 26 x 95% First Time Buyer mortgages today!
3 min 55 sec – How a First Time Buyer can be the beginning of a chain of house purchases of 2, 3 or 4 properties.
6 min 40 sec – As a FTB there was no way I could afford a 15% deposit.
7 min 40 sec – The Dilemma: How continuing to pay rent means it’s almost impossible to save for a deposit.
10 min 7 sec – Average mortgage payment as a % of salary is a fraction of what it was in the 1980’s!
11 min 10 sec – The UK Taxpayers are currently guaranteeing £16 billion of loans for FTB?
12 min 40 sec – The Scottish Government’s First Home Fund has run out of money.
13 min 49 sec – Will the house prices continue to grow and grow because of the UK Government’s stimulation program.
14 min 28 sec – How the mortgage providers are overwhelmed and having to hold back.
15 min 20 sec – What happens to homeowners when interest rates go up again.
16 min 30 sec – What is an affordable home?
17 min 20 sec – Why more council housing is the answer to our housing problem!
18 min 30 sec – The under supply of housing in Scotland and why BTL will continue to grow.
20 min 25 sec – 10-year fixed rate deal under 2.5%!
20 min 50 sec – Best place to invest is in bricks and mortar.
22 min 25 sec – Is there a correction in house prices coming?
23 min 25 sec – How the council are buying properties back and competing with FTB!
25 min 5 sec – Stamp duty exemption and Help to Buy are both ending in March 2021!
26 min 5 sec – The UK Government can’t afford a housing market crash!
28 min 20 sec – Make sure you plan to minimise the risk.
29 min 40 sec – Everyone predicted a crash in March 2020, 7 months later the property market is still booming!
30 min 30 sec – The difference between offers under in England and offers over in Scotland!
33 min 10 sec – We are experiencing an unprecedented amount of closing dates.
34 min 10 sec – How being in the market will put you in a win win situation.
35 min 30 sec – The sellers dilemma – A catch 22 situation and what to do.
36 min 30 sec – As a seller it’s impossible to be left homeless!
38 min 30 sec – We have never had a buyer that’s not willing to wait.
39 min 15 sec – How your ideal buyer might be a holiday homeowner or an investor.
40 min 30 sec – Minimum EPC bandings on rental properties are coming in.
41 min 45 sec – There should be a level playing field on grants for homeowners and landlords.
43 min 30 sec – The rental market is overheating.
44 min 5 sec – Closing dates on rental properties.
45 min 50 sec – The council must build houses and here is why.
47 min 20 sec – What I would do investing £50,000 cash in property today. Jim Parker
49 min – The key is to use a managing agent.
49 min 30 sec – The return on investment in property v’s the bank!
50 min 20 sec – Our plans for a property fund.
51 min 30 sec- The difference in rent between a private landlord and social landlord is often the cost of finance.
53 min – Why corporate investment houses don’t want to get involved in buy to let.
54 min 30 sec – Mutual repairs and the private landlord.
56 min – Why we test new contractors out on our own properties first.
59 min 15 sec – The importance of getting the right contractors.
1 hr 2 sec – The importance of getting professional advice.
Thank you to Letting Agent Richard Cook from Fife Properties
Email: richard.cook@fifeproperties.co.uk
LinkedIn: https://www.linkedin.com/in/richard-cook-fife/
Facebook: https://www.facebook.com/rcook1986
Estate Agent Jimmy Mullen from Fife Properties
Email: jimmy.mullen@fifeproperties.co.uk
LinkedIn: https://www.linkedin.com/in/jimmy-mullen-89507919b/
Host is Jim Parker – Multiple business owner | Property Investor | Wealth Coach | Entrepreneur
Email: jim@fifeproperties.co.uk
Facebook: https://www.facebook.com/TheOfficialJimParker/
LinkedIn: https://www.linkedin.com/in/jimparkerfifeproperties/
