With interest rates shifting and affordability under pressure, this episode offers some perspective into why so many people still can’t get onto the property ladder and what’s changing in the mortgage world right now. Phil Spencer is joined by Charlotte Harrison, CEO of Homes at Skipton Building Society, to discuss the current market conditions, why demand from first-time buyers remains strong, and why research shows as many as 98% of young adults living with parents still struggle to afford the average first time buyer home in their local area. Chapters 00:00:00 Introduction 00:00:39 Current state of the mortgage market 00:02:00 Are interest rates historically normal? 00:02:47 The real cost of homeownership today 00:03:45 Skipton's Affordability Index explained 00:05:29 98% can't afford to buy in their local area 00:07:14 Innovative mortgage solutions from Skipton 00:09:11 Partnership with Move iQ for first-time buyers 00:10:29 How building societies differ from banks 00:13:14 Top tips for getting a mortgage today 00:14:28 Advice for existing mortgage holders 00:16:26 Future of interest rates and mortgage innovation 👉 SUBSCRIBE TO MOVE iQ YOUTUBE CHANNEL 🔗 https://www.youtube.com/c/MoveiQ 👉 GET PHIL SPENCER'S ADVICE DIRECT TO YOUR INBOX ✉ 🔗 https://www.moveiq.co.uk/newsletter-signup/ 👉 VISIT OUR MOVE iQ WEBSITE 💻 🔗 https://www.moveiq.co.uk/ ➤ CONNECT WITH MOVE iQ ON SOCIAL 📲 Instagram: https://www.instagram.com/moveiq/ Facebook: https://www.facebook.com/MoveiQ/ TikTok: https://www.tiktok.com/@philspencertv?lang=en
