As a 20 year old who got taught NOTHING in school about how to buy a house (or even if that’s the best thing to do), I invited mortgage advisor Dan Knott on the show to fill me in on the need-to-knows!Dan on Insta: https://www.instagram.com/dandoesmortgages_/Dan’s podcast: https://open.spotify.com/show/6Sb30WrJXG3tWpH70YMLK6?si=ab8a1fd45eb74eea CHAPTERS:00:00 Rent or buy in 2025?01:12 When renting is best 02:20 Why no one teaches this 02:48 What even *is* a mortgage? 03:41 A history of mortgages (from Rome to now) 05:27 Is now a good time to buy? 06:05 Getting mortgage ready 07:25 How the Lifetime ISA works 08:08 When to start preparing 08:35 Credit history from age 18 09:51 Adverse credit explained 10:49 What if it wasn’t your fault? 11:38 How long does bad credit last? 12:01 Avoiding missed payments 13:13 Should you take on debt to boost credit? 14:10 Credit utilisation 101 15:21 What you’re actually paying for 15:29 Average deposits 16:22 Do bigger deposits get better rates? 17:22 Fixed vs variable mortgages 18:03 Tracker mortgages 20:26 The rate spike problem 21:07 Remortgaging matters 22:29 Who sets interest rates? 23:30 Negative equity 24:45 Flats and new builds 26:03 Mortgages if you're self-employed28:48 Tax vs borrowing power 30:06 You're ready – now what? 31:20 What’s an ‘agreement in principle’? 32:19 Credit score vs credit report 34:41 Hidden buying costs 35:13 What a solicitor actually does 36:20 Why legal stuff feels awful 37:53 Is the UK system broken? 39:16 Why we avoid long fixes 40:32 Breakups and mortgage traps 41:21 Why we're buying later 43:03 Age limits on mortgages 44:17 Buying late = kids later? 45:03 Lifetime ISA limitations 46:58 Why we don’t just move north 48:54 How many use parental help?51:23 Can we fix the market? 52:21 North vs south property gap 53:00 Move abroad to afford a home? 53:01 Extra fees to expect 54:05 Are foreign investors buying up all the property? 55:13 Why are flats sitting empty? 56:56 Can we reset the market? 57:37 Are new builds overrated? 59:35 What I learned renting at 18 01:00:55 100-year mortgages?My Instagram: https://www.instagram.com/elliotbewick/TikTok: https://www.tiktok.com/@elliotbewickX: https://x.com/elliotbewickABOUT THE NEXT GENERATION: In a world saturated by social media and marked by skyrocketing rates of anxiety, depression, and ADHD among Gen Z, young people are growing up in a landscape of chaos and contradiction. While protests swell in city streets and activists hurl soup at famous artworks to demand climate action, a quieter crisis unfolds within - the mental and emotional battles faced by a generation trying to make sense of it all.The Next Generation is hosted by 20-year-old Elliot Bewick, offering a raw and honest look at the world through the eyes of those living in it. Bringing together insight from professionals and young people on the ground, this podcast isn’t here to complain or chase clout. It’s here to bend the arc of the modern world towards solutions, truth and a love for the beautiful adventure of life itself. Hosted on Acast. See acast.com/privacy for more information.

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