The Next Generation A Young Person’s Guide to ACTUALLY Buying a House - DanDoesMortgages | #32
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-employed
28:48 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/@elliotbewick
X: https://x.com/elliotbewick
ABOUT 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.
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