4.8 • 2K Ratings
🗓️ 17 April 2025
⏱️ 17 minutes
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0:00.0 | Hey everyone, it's Rob B here with Rob D and this week, can I make all your dreams come true. |
0:13.8 | Welcome to the Property Podcast. In case you don't know, we run a company that buys more than |
0:17.1 | £100 million worth of property for our clients every year. You can find out about that at Propertyhub.net slash invest. And whenever we talk to our clients, the first thing we talk about |
0:25.1 | before we talk about property or locations or anything else is their goals. And if you're not clear on |
0:29.9 | your goals, as many people are not, we've got a fantastic framework to share with you. |
0:33.9 | Time for our news story. And what could it be this week other than tariffs, the story that |
0:38.5 | has dominated the last couple of weeks. They're on again, they're off again, it's 5D chess or it's a |
0:44.1 | total shambles depending on how you look at it. And this is being recorded a couple of days before |
0:49.0 | the episode goes out. So who knows what the situation will be by the time you're listening to this. But broadly so far, |
0:58.0 | it's been good news for property investors, not least because you can't see the value of your investments swinging around all over the place, but also because it's put downward pressure |
1:02.1 | on mortgage rates. And really, it's one of those bad news is good news scenarios. Because of |
1:06.8 | this trade war, the prospects for growth are now lower, there's risk of a recession, |
1:11.3 | and therefore it's more likely that the Bank of England will cut interest rates, and the general |
1:15.1 | outlook for interest rates over the next few years is perhaps lower than it was. It's now thought |
1:20.4 | by the markets that there will be three rate cuts this year rather than the previous two, |
1:24.3 | and that means that various lenders have been cutting rates. The building societies |
1:28.5 | and some of the specialist lenders were first to move, but Barclays then became the first of what's |
1:33.1 | called the Big Six, the biggest lenders, to make cuts to their range. Now, what this will mean |
1:37.3 | longer term, we don't really know. It's possible that as a result of this, inflation will pick up as a |
1:42.5 | result of a weakening pound. And that would |
1:44.6 | mean that all else being equal, you'd expect interest rates to go higher. But if you are in the |
1:48.1 | process of arranging a mortgage right now, or you will be doing so soon, then for now at least, |
... |
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