Share Sounds. presented by Georgie Frost related to Property & Mortgages

A row over housebuilding has erupted again. Labour leader Keir Starmer has said he would bring back a 300,000 annual housebuilding target, after Rishi Sunak scrapped it. Meanwhile, some backbench Tory MPs are reportedly unhappy about their party ditching that target in the first place – with the number having featured in the 2019 Conservative Party manifesto. At the same time Michael Gove has been cheered in many quarters for blocking a development in Kent, as it was deemed to be poor quality and ugly, but is now being taken to court by developer Berkeley Homes over the decision. So, what can we do about housebuilding and how do we get ourselves out of this mess – especially as the younger generation are squeezed out by high house prices and rents? Georgie Frost, Lee Boyce and Simon Lambert dig into the myriad problems with UK housebuilding and what can be done to build better homes that people want to buy and have near them. Is the answer just bringing back targets or is it more complicated than that? Is not wanting housing developments Nimbyism if there’s a failure to build well and deliver infrastructure? How can we convince local communities to back new housing? All this and more come up for debate. Also, if you are in the fortunate position of being able to buy a home but are worried about falling house prices and locking into high mortgage rates, what should you do? Sam North, of eToro, joins us for the latest market update, including the reaction to the Fed's latest rate rise. Will a new crackdown on scams finally stop the fraudsters? And finally, we said it was coming. The 5% savings rate is back, but should you get one?

What's the best home improvement plans, if you're thinking about selling? Has the dust now settled following the banking sell-offs — is it a good time to invest now? Will Schroder's UK private/public trusts ever be able to shake off the Neil Woodford legacy? Georgie Frost and Simon Lambert discuss these issues, and the This Is Money 'Best Buy' savings table.

As if buying a home wasn’t enough of a lottery, borrowers are now facing a major gamble on their mortgage. Whether buying or remortgaging, they need to work out how long to fix for and try to assess what might happen next to interest rates. On the basis that even the world’s top economists and investors didn’t spot the past year’s sudden interest rate spike coming and can’t agree on what central banks will do next, that’s a tough task. Five-year fixed rates are cheaper than two-year fixed rates, but borrowers worry they risk locking in at higher rates for longer. Meanwhile, trackers are pricier but could fall if the base rate comes down, although there’s not much agreement on when the Bank of England will stop hiking or how swiftly it will lower rates when it eventually does. Georgie Frost, Helen Crane and Simon Lambert discuss the great mortgage gamble and what people can do. Also, the house price hotspots of the past decade – and why living in a place where home values has doubled may not be a good thing. Simon takes a look at UK shares, why they are considered cheap and whether they are a decent investment or not. Helen talks through her latest 'Crane on the Case' and how it involved a loyal BA customer locked out of a staggering number of Avios points and getting a raw deal from the airline on sorting it out. And finally, here is a test of your age: how well do you remember the Ford Orion, Austin Maestro and Vauxhall Nova — and did you ever believe that one day they’d be classic cars?

House prices fall by the largest amount since 2012, and mortgage approvals also fall for the fifth month in a row. So are we approaching a house price crash, or will there be a soft landing? Simon Lambert and Georgie Frost are joined by Helen Crane, and they also discuss energy prices and deals on offer from digital banking.

Inflation is theoretically running out of steam but there's one essential that's still gloing up in price rapidly: food. Even as energy prices and other recent highly inflationary items run out of steam, the cost of food seems to show no let up - with reports reporting inflation-busting rises. What is going on here? How much have food prices risen, why have they gone up so much, are supermarkets or brand-name makers profiteering, and will costs ever come back down? Georgie Frost, Angharad Carrick and Simon Lambert, delve into food prices on this week's episode - and look at any ways you could save money. Plus, mortgage rates are falling while the base rate is going up: why is that and what happens next? Should you invest in a VCT, not just for the juicy tax breaks but also for the investment opportunities on offer? And finally, we met the founders of Seatfrog to find out how they are helping passengers buy up unused first-class seats on trains at bargain prices and their plans for making train ticket-buying better.

Are we nearly there yet? The Bank of England hiked interest rates again this week, adding 0.5% to take base rate to 4%. That’s a level that it was almost unthinkable we’d reach so quickly a year ago, but rates have gone up hard and fast. The questions now are will base rate stall and when will it come back down again? But while the Bank of England has sent rates up like a rocket, its forecasts show that they will only fall like a feather. Georgie Frost, Tanya Jefferies and Simon Lambert look at how likely those forecasts are to be correct and what this all means for the economy, mortgages, savings and first-time buyers. Also on the show, Tanya explains another potential state pension scandal that she and Steve Webb have uncovered and Steve joins the podcast to talk through it. Sam North, of eToro, gives us a market update and explains why investors have sent stock markets soaring at the start of 2023. The clock is ticking on the tax year and Simon explains why he thinks the next couple of months are vitally important for getting money into an ISA and potentially selling some investments to do so. And finally, do you love your tumble dryer? Many do, but worry they can’t afford to run them. Fear not, help might be at hand.

The mortgage crunch has stalled the pandemic property boom and sent house prices down, but could they fall 20%? The risk of a severe house price downturn of that magnitude was flagged by Rightmove founder and property market veteran Harry Hill. Hill’s CV includes setting up property giant Rightmove and selling estate agency group Countrywide for £1 billion a year before the 2008 banking crisis. Hill told the The Mail on Sunday and This is Money: 'My view on the housing market is that it's going down in every direction. Transactions are going to go down. Prices are going to go down.’ He added that a bad recession would mean ‘we could see 20% price reductions’. Could house prices fall 20% from here? Why would it happen? How bad would that be? Georgie Frost and Simon Lambert discuss the prospects for the housing market, how the rapid rise in mortgage rates is affecting it and what prospective home movers or first-time buyers should do. Plus, they are joined by a very special guest: Lee Boyce, now Money Mail editor, is back on the programme to discuss the Wooden Spoon award for the worst customer service of the year. Who are the runners and riders, what did they do wrong, and why does Simon nominate a couple of firms that aren’t even on the shortlist? Savings rates have been a rare bit of good new recently and Simon talks through the attraction of small building societies and how some are offering market beating rates, but you might struggle to secure them. And finally, it’s time for a second special guest, John Mayhead of classic car specialist Hagerty, who is joins Simon to discuss the insurer’s Bull List of ten classics it tips to rise in value next year. How do these classic cars get on the list, what makes them ripe for appreciation and what’s a Citroen BX doing rubbing shoulders with a Lamborghini Diablo?

Savings and mortgage rates rocketed after what must now always be known as the 'ill-fated mini-Budget', but even as the Bank of England continues to raise rates have they already peaked. The top fixed rate savings deals have edged down from their highest levels - a five-year fix can no longer be had above 5%, for example, while the best two year fix is at 4.75%. So, if you want to lock into a good savings deal, should you grab one now? Or did rates simply race ahead of the Bank of England and the next round of base rate rises will bump them up some more? Georgie Frost, Helen Crane and Simon Lambert look at the potential future of savings rates and why even if they are slightly off their peak, you should still move your money from old accounts. But if a dip in the top savings rates is bad, the easing of mortgage rates is good news. Average two and five-year fixed rates rocketed all the way to above 6.5%. The best five-year fix is now down to 5.95%. But this is still way higher than it was, so where will mortgage rates settle and is it worth holding off? The team discuss that and the implication for both house prices and first-time buyers. And finally, an energy double header: on a serious note, the energy price cap (which we won't pay due to the energy price guarantee) has jumped again, this time to £4,279 for the average household over a year. If we won't pay that, why does this matter? And on a lighter note, what happened when Harry Wallop (who refuses to let his family turn the heating on) tried out a bunch of oddball devices designed to warm the person not the room, ranging from an odd foot warmer, to a heated gilet, and a wearable sleeping bag that makes you look a bit like a crazy caterpillar?

The tense situation between tenants and landlords is escalating: the former have seen rents spiral but the latter have faced a big jump in costs jump too. Meanwhile regulation has become a bugbear between the two sides, is there not enough of it or too much? What can be done to improve things in the rental market and have we come down too hard on buy-to-let? That’s the question asked on this week’s episode, as Georgie Frost, Helen Crane and Simon Lambert debate the problems in the rental market. But before that, it’s time for Rishi Sunak. He was once the Chancellor tasked with calming our nerves during the pandemic, but now Rishi is the Prime Minister expected to settle things down after a bout of financial chaos. Will he be able to pull that off, soothe jittery markets, navigate Britain through a painful cost of living crisis winter, and somehow please the nation while taking money off people instead of dishing it out? The team look at what Prime Minister Rishi could mean compared to Chancellor Rishi – and what the implications for our finances could be. Also on the agenda, there was good news for savers from NS&I this week, as rates were raised across the board, but they can get better deals elsewhere, so what should they do? Plus, what can you do to track down old pension pots and why is John Lewis annoying its loyal credit card customers?

Rocketing rates have sent the average two and five-year fixed rate mortgage through the 6% barrier. This is a level that would have been considered unthinkable a year ago, when there were fifty mortgage deals on the market at below 1%. The Bank of England belatedly playing catching up with inflation has sent base rate from 0.1% last December to 2.25% now - and with inflation far from tamed and the US Federal Reserve going in all guns blazing on monetary policy, rates are likely to keep going up from here. But the catalyst for the past month's big jump in mortgage rates has been the turmoil triggered by the Chancellor's ill-received mini-Budget and the flurry of borrowing Britain will have to do to fund it. So, what happens next to mortgage rates, what should people who need to fix now do, and will this send house prices sinking? Georgie Frost, Helen Crane and Simon Lambert dive into the mortgage market to look at what is happening and why - and what borrowers can do about it. Are expensive fixes now worth taking, what should you do if you are buying a home and is a variable rate mortgage really now the answer? They answer these questions and more. Plus, while rate rises are bad for mortgage borrowers they are proving good news for savers, who have been starved of decent deals for many years. The top fixed rate savings are knocking on the door of 5%, but how high will savings rates go and should you fix and risk losing out on better ones in future? The ill-fated mini-Budget also brought about the abolition of the 45p tax rate, except that's now been abolished itself as Kwasi Kwarteng staged a screeching U-turn this week. Nonetheless, Simon has some middle-class tax cutting ideas that he reckons make more sense and could be popular. And finally, a reader wrote to This is Money telling us they had some letters written to them in the 1960s by a rock star who then died young and they could be worth £20,000... but will they have to pay tax if they sell? More to the point, who could the mystery rock star be?