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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