98% Can't Afford to Buy! | Mortgage Market Update

98% Can't Afford to Buy! | Mortgage Market Update

Author: Phil Spencer: UK Property Expert December 3, 2025 Duration: 18:27
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

For over a quarter of a century, Phil Spencer has navigated the complexities of the UK property market, and he brings that wealth of experience directly to you. The Move iQ Podcast is a deep, practical resource that demystifies the entire process of buying, selling, and managing a home. Phil’s conversations go beyond simple tips, offering nuanced guidance on everything from deciphering market trends and negotiating offers to understanding the finer points of renovations and property investment. This isn't just theoretical advice; it's grounded, actionable insight designed to empower your decisions. You'll hear detailed discussions on financial planning, legal intricacies, and the often-overlooked emotional aspects of moving house. Whether you're taking your first tentative steps onto the property ladder or looking to strategically grow a portfolio, this podcast provides the clarity and confidence needed to navigate an often daunting landscape. Tune in for a straightforward, expert-led dialogue that treats property not just as a transaction, but as a fundamental part of your life journey. Each episode with Phil Spencer, a trusted UK property expert, is crafted to help you move forward with greater knowledge and assurance.
Author: Language: English Episodes: 100

Move iQ Podcast
Podcast Episodes
Can the UK Housing Crisis Be Solved? [not-audio_url] [/not-audio_url]

Duration: 26:52
There are not enough homes being built in the UK to meet demand each year, but can the UK housing crisis be solved? In this People in Property episode, Phil is joined by Russell Quirk, Property Commentator and Co-Founder…
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Duration: 18:15
We took the Move iQ Podcast to the Propertymark regional conference in Birmingham to get insider tips and insights on local housing markets and tips on picking the perfect pad for renters, sellers and buyers. Tune in for…
From Olympics to Real Estate: A Chat With Phil Spencer & Roger Black [not-audio_url] [/not-audio_url]

Duration: 30:39
In conversation this week with Phil Spencer on the Move iQ Property podcast is Olympic medallist Roger Black. The pair discuss how Roger's career evolved from Olympic to property and what he's currently up to. Tune in fo…
Homes Built to Rent | New Build Homes UK [not-audio_url] [/not-audio_url]

Duration: 18:01
Phil chats to Anne-Marie Brown of Love to Rent to discuss these new build homes for rent, what they offer, how many are available and in the pipeline and where you can find them. Homes built to rent are popping up all ov…
Should I Sell My House in a Property Auction? [not-audio_url] [/not-audio_url]

Duration: 19:48
Property auctions have risen on popularity and there's a reason for that. Phil is joined by Richard Worrall MNAVA - President of the National Association of Valuers and Auctioneers, to share some auction truths and expla…
An Economist's View on UK House Prices In 2024 [not-audio_url] [/not-audio_url]

Duration: 24:48
Talking property and housing markets, Phil is joined by property economist Dr. John Boyle, a Property Economist, to discuss UK house prices in 2024 and the UK housing market. No one has a crystal ball but everyone has an…
Local Housing Market Insights | Spring 2024 [not-audio_url] [/not-audio_url]

Duration: 30:12
While national housing trends and data provide a broad overview, getting local housing market insights on your doorstep is arguably more important. In the first conversation of 2024 with a number of Propertymark accredit…
What Will Happen to Mortgage Rates in the UK in 2024? [not-audio_url] [/not-audio_url]

Duration: 17:12
In this latest podcast Move iQ founder Phil Spencer talks to Charlotte Harrison, CEO of Home Financing at Skipton Building Society. We wanted to find out what might happen to mortgage rates in 2024; what lenders are doin…
A Look at the Housing Market in Early 2024 [not-audio_url] [/not-audio_url]

Duration: 18:59
In our first look at the housing market in 2024, Move iQ founder Phil Spencer, caught up with Nathan Emerson CEO of Propertymark, the professional body for property agents in the UK. This conversation will give you a fee…