The housing crisis just got risky

This is Money Podcast

This is Money

News, Business News, Investing, Business

4.4 • 735 Ratings

🗓️ 6 May 2016

⏱️ 55 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

We’re not building enough homes – about 100,000 too few every year. It makes housing unaffordable.

To ‘help’, Barclays bank has decided to step in and offer 100% mortgages to first-time buyers. How quaintly 2007 is that?

The other catch is that parents have to stump up some of their nest egg as part of the deal.

Is this a good thing? Simon Lambert and Lee Boyce of This is Money and Share Radio’s Georgie Frost investigate.

Also on the show:

Just how big is the business of being a parent with children who can’t leave home without a bailout?

Buy-to-let landlords are piling more financial misery on to tenants.

Good news though for broadband customers – providers can’t lie about much it costs any more

We take a look under the roof of the supermarket business and ask whether their loyalty cards are a spent entity

Oh and our take on Leicester City, the football team that came from nowhere to win the Premiership: why the hell did bookies offer odds of 5,000 to 1 against that happening when there are only 20 teams in the league?

Email us hello@dmgmedia.co.uk

Text us 020 7938 6000.

Hosts: Georgie Frost, Simon Lambert, Lee Boyce, Helen Crane

Producer: Georgie Frost

Hosted on Acast. See acast.com/privacy for more information.

Transcript

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0:00.0	This is Money, brought to you in partnership with NS and I, giving you 100% security for your savings.
0:16.1	A very warm welcome to This Is Money and Share Radio podcast in partnership with Ennis and I.
0:21.7	I'm Georgie Frost here with you on DAB across the country, online and through the Share Radio mobile app.
0:27.2	Every weekday from 9 until midday sharing ideas about money.
0:31.3	I'm joined in the studio by editor Simon Lambert and Consumer Affairs editor Lee Boyce to talk through some of the stories on their
0:37.6	website that they've been investigating over the last seven days.
0:41.1	And on the agenda today, the no deposit mortgage is back.
0:45.3	Barclay's offers hope for first-time buyers, but is it more strain on the bank of mum
0:49.5	and dad and a sign of a return to riskier lending?
0:52.5	I guess from a psychological point of view as a homeowner, you're more likely then to throw your hands up in the air, particularly of interest rates also rise, and the mortgage becomes un Affordable, and you walk away. You know, literally hand the keys back to the bank. It comes as we're hearing exactly how much money parents are giving to their kids to help them onto the property ladder. Here's a clue. It's a lot.
1:12.0	We have politicians who are over-promising and under-delivering on the housing front.
1:16.5	We have to be building 250,000 houses a year.
1:19.8	Apart from your kids, we also take a look at some of the other pitfalls that await your
1:23.5	retirement nest egg if you aren't prepared.
1:26.3	Just when landlords thought the screw couldn't tighten any further on Bitalet, just did.
1:31.6	But could the stricter rules being brought in backfire and hit the little guy instead?
1:37.0	Also today, a victory for this is money on clearer boreband adverts, but some bad news for BT customers.
1:43.5	As they prepare for big price hikes
1:45.7	this summer, the company's announced a big rise in profits. Monopoly, monopoly, you have no choice
1:53.0	but to go to BT. As the big four supermarkets are squeezed even further by discounters and
1:58.0	the ongoing price war, we take a look at the industry and ask as well, does loyalty pay anymore,
2:04.2	as points don't necessarily mean big prizes.
	...

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