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The Property Podcast

TPP606: October Mortgage Market Update

The Property Podcast

Rob Bence & Rob Dix

Investing, Education, Business News, News, Business

4.82K Ratings

🗓️ 24 October 2024

⏱️ 21 minutes

🧾️ Download transcript

Summary

With the mortgage market in flux, interest rates making headlines, and the upcoming budget looming, the big question is: what’s the smartest move right now? Today, we’ve got mortgage expert Nick with us to cut through the noise, answer the important questions, and offer expert advice on how to navigate the current market.  (0:59) News story of the week  (2:48) Our mortgage expert answers your questions…  (3:08) What’s the state of the mortgage market at the moment?  (4:05) What can people do to prepare for their applications?  (5:06) Will mortgage cuts happen and how aggressively?  (6:05) What rate should investors be aiming for?  (6:44) Are there any updates on arrangement fees?  (8:23) How will lenders cope with the increase in demand?  (10:34) What’s the latest on stress tests?  (12:31) Is there a particular product that will ease the stress test?  (13:00) What’s sentiment like now?  (15:08) Is there any improvement on down-valuations?  (17:46) Do you think the budget will have any effect on the market?  (19:02) Hub Extra  Links mentioned:  Capital gains raid risks sell-off of one million homes, Reeves warned  ChatGPT advanced voice mode  Enjoy the show?  Leave us a review on Apple Podcasts - it really helps others find us!  Sign up for our free weekly newsletter, Property Pulse  Find out more about Property Hub Invest

Transcript

Click on a timestamp to play from that location

0:00.0

Hey everyone it's Robby here with Rob D and you are listening to the

0:05.8

Property Podcast so much is happening right now with mortgages interest rates is a

0:11.5

hot topic and people want to know what they should be doing.

0:15.6

So we've got ourselves a mortgage expert on the podcast and I probe and push to get the best advice for you so you can make the best decisions now and moving forward.

0:36.0

Yes, welcome to the property podcast. Thank you for joining us. In case you don't know, we were on a company that buys more than 100 million pounds worth of property per year on behalf

0:39.6

of our clients. You can find out about that at Property Hub.net slash Invest, and every single one of those clients

0:45.6

always wants to know what's going on in the mortgage market. We talk endlessly on this

0:49.6

podcast about the benefits of working with a good mortgage broker.

0:53.0

Well today everyone gets that special experience

0:55.0

because we've got mortgage broker extraordinary Nick Shepard on the show.

0:59.0

It's time for our news story of the week now

1:01.0

and as we edge ever closer to the budget the

1:04.4

headlines are ramping up there seems to be a different news story every day one that's

1:08.6

caught our eye though is from the telegraph and the telegraph are reporting that the Britain's rental market will lose

1:16.0

1 million homes in the next decade if Labour go ahead with capital gains tax

1:21.0

increases. Will that happen, first of all?

1:25.0

It's not a done deal, although a lot of people are reporting it like it's a done deal.

1:30.0

We will see, in this report it talks about how capital gains increasing to 45% would mean a mass

1:36.2

exodus. And it's true there probably would be a lot of landlords who would leave if that was to be put in place. But they would be the older

1:44.6

generation of landlords because the vast majority of newer landlords or

1:48.4

property investors have invested through limited companies and that

1:51.9

shouldn't be an issue for people who've invested through a limited company.

...

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