In this video I give you a housing market crash update as 90% LTV Mortgages are back. A Stamp Duty mortgage holiday has also just been announced which is a little complex. In this video I break down this stamp duty holiday and discuss how these low deposit mortgages may have ended the housing market crash.
The re-introduction of low deposit mortgages and a stamp duty holiday has caused a surge in demand for housing, although, the impact on UK house prices has yet to be seen.
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The information in these videos shall not be construed as tax, legal, insurance, construction, engineering, health and safety, electrical or financial advice. IF stocks or companies are mentioned, Thomas MAY have an ownership interest in them -- DO NOT make buying or selling decisions based on Thomas' videos. If you need such advice, please contact a qualified accountant, solicitor, insurance agent, contractor/electrician/engineer/etc. or financial advisor.
This is not an advertisement of property for sale and shall not be construed as anything other than an opinion for entertainment purposes only.
Inspired by Graham Stephan, Meet Kevin, Shaf Rasul, Andrei Jikh, Nate O'Brien, The Credit Shifu and more
#HousingMarket #MarketCrash #HousingCrashOver
The re-introduction of low deposit mortgages and a stamp duty holiday has caused a surge in demand for housing, although, the impact on UK house prices has yet to be seen.
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Social media
Instagram - ThomasJamesYT - https://instagram.com/thomasjamesyt
TikTok - ThomasJamesYT - https://tiktok.com/ @thomasjamesyt
Subscribe for more related content - https://youtube.com/c/ThomasJamesPropertyInvesting
The information in these videos shall not be construed as tax, legal, insurance, construction, engineering, health and safety, electrical or financial advice. IF stocks or companies are mentioned, Thomas MAY have an ownership interest in them -- DO NOT make buying or selling decisions based on Thomas' videos. If you need such advice, please contact a qualified accountant, solicitor, insurance agent, contractor/electrician/engineer/etc. or financial advisor.
This is not an advertisement of property for sale and shall not be construed as anything other than an opinion for entertainment purposes only.
Inspired by Graham Stephan, Meet Kevin, Shaf Rasul, Andrei Jikh, Nate O'Brien, The Credit Shifu and more
#HousingMarket #MarketCrash #HousingCrashOver
@Homelight_agent on IG help me get a nice and affordable apartment thanks
Could you do your next presentation with a pair of pom-poms in your hands please. Thankyou 😀
I feel a huge concern is, unemployment. It may have hit blue collar workers the most, right now. But more is on the way, white collar for example Wells Fargo to lay off 10k plus. The airline industry is going to do massive furlough/layoffs etc.. Companies are closing or filing BK. This is going to have a major impact on every level of the economy. I'm hoping for the best, but things could go south, far south!!! 👇👇👇
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Great vid mate
Another great video tom!
You guys are smoking crack. We are in a GLOBAL FINANCIAL CRISIS. And a GLOBAL DEPRESSION. If you really think this is going to go on with no problem I have a bridge to sell you. Check back in a year when these people default on their loans and the government stops giving handouts
reason we are not seeing crash is cause hedge funds are buying properties at least here in USA. So when people say that demand is not going down its hiding the fact that its not homeowners that are buying but investors. Plan is to have everyone rent.
No sign of property slowing down here in the north of ireland. Viewed 8 properties around the 300k mark and 6 have sold within first week
Hi Thomas, I'm first time home buyer, should I wait for a potential house decrease over next few months? I am negotiating a property at the moment but i feel like i could get it for cheaper if all goes tits up
Not true. The ONA have not released the average price index since May. The Land registry have stopped filling in the house sales data. why? There are plenty of sales not far off 2010 levels. The bank.of.England has not changed its advice on a 33%. drop. Property investers and estate agents are acting 100% in favour of their sellers. They make a living out of selling not buying. They care not a damn about the buyer as long as they hand over their dosh.
Great video didn’t know lots of this stuff… deffo no crash if we get a vaccine I’m sure
95 LTV is back?
Another great video mate! Honestly I have clue if the properly market will crash, but if lenders are willing to reinstate their higher risk loans then I think you assume a property market crash is unlikely, as the loan companies wouldn't want to expose themselves to more risk if there was a crash on the horizon.
You make some interesting points I think there’s no guarantee that 10% mortgages will stay in the market for the long term and I would imagine they will be more difficult to get also I would’ve thought it will be lightly the banks will down value To take account of current circumstances I think there will be a lot of friction which wasn’t there before as well as job uncertainty will reduce the amount of people who will qualify but interesting video nonetheless👍
Thanks for the video 😊
Stamp duty holiday is really going to help me out over the next couple of months!
Great update! been looking forward to this one
Do you think the housing market is still going to crash?!