Why So Hard To Get On The Property Ladder?

Why So Hard To Get On The Property Ladder?

Almost everyone dreams of owning their own home, but with 52% believing they'll never achieve it, the challenge of getting on the property ladder seems insurmountable. In this video, we delve into the reasons behind this difficulty and offer actionable advice to help you realize your dream of homeownership.

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👋 Who am I?
My name is William Gale, and I’m the founder and CEO of The British Home Group of Companies. Curious to learn more? Check them out above! I took the leap into entrepreneurship in 2012, quitting my job to start my first company and I haven’t looked back since. I hope you find my content valuable & if your interested in videos about Finance, Business & Entrepreneurship check out my personal YouTube Channel Below:

Part 1 - Why is it so hard to get on the property ladder?
House prices have skyrocketed over the years, but when we adjust for inflation, the reality is more nuanced. Mortgage payments as a percentage of take-home pay have been steadily rising, making homeownership increasingly unattainable for many. Understanding the historical context of house prices relative to earnings sheds light on the challenges we face today.

Part 2 - Top Tips & Advice to help you get onto property ladder
Drawing on years of experience in the real estate industry, we provide practical tips to help you navigate the path to homeownership. From opening a Lifetime ISA to researching mortgages and paying off short-term debt, these strategies can significantly improve your chances of securing a place on the property ladder.

Part 3 - What can the government do to help?
Addressing the root causes of affordability challenges, we explore potential solutions such as increasing housing supply, tackling demand from abroad, addressing regional disparities in house prices, and managing population growth. By discussing these issues, we aim to spark meaningful dialogue and drive positive change in housing policy.

Join the conversation and share your thoughts on how the government can better support aspiring homeowners. Together, we can work towards making homeownership a reality for all.

Don't forget to like, subscribe, and hit the notification bell for more insightful content on real estate, property investing, and financial empowerment.

CHAPTERS:
00:00 Introduction
01:02 Part 1 - Why is it so hard to get on the property ladder?
04:24 Part 2 - Top Tips & Advice to help you get onto property ladder
07:08 Part 3 - What can the government do to help?

[BritishHomeInvestors]

If you liked this video. Check this one out!

[susanlewis]

Your videos are brilliant - u really serve far more views and subscribers. Keep up the good work 👍💪 Sue

[AlexCollinsWaC]

really interesting video, thanks for sharing. I'll definitely be reconsidering the LISA now and I had no idea such large % loans were available! Super useful to know

[Editsby_AHB]

Hi buddy! I have a question thats been bugging me a lot recently. For context, if you got a loan from a bank for a new kitchen lets say and you took a loan for £10, 000 from the bank... You pay this back in monthly payments over 4/5 years lets say. My point is, you pay it back as its a loan, its not free money. So what happens in the case of cash out refi? For example, you've been given a 75% LTV on a £400, 000 property (with a £150, 000 mortgage) you get the £300, 000 (the 75% LTV) pay off the existing mortgage of £150, 000, leaving you £150, 000 to put into another property or whatever. But the bank/lender that give you the £300, 000 LTV, do you have to pay them back the £300, 000?? Because they aren't giving you the £300, 000 for free? Maybe my heads blagged, but I'd absolutely love some clarification and an answer. Thank you!

[TheGritCycle]

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But your efforts will go for nothing if people do not watch it.
Do SEO and make an 80+ score to get the desired views and subscribers ....