Join Mark in this episode as he discusses some of the top stories in the media at the moment, including the mortgage affordability test being scrapped, staggering interest rates and the cost of living crisis.
KEY TAKEAWAYS
BEST MOMENTS
“This mortgage is being written for 30 or 40 years, of course your outgoings are going to change”
“Bank of England base rate has been going up significantly as it likely to keep doing so”
“I suspect that this will support house prices even more, not that they need more support due to lack of supply in the market”
“A property market crash is always a possibility”
“Gas and electric prices have gone up by 300% already”
VALUABLE RESOURCES
https://www.youtube.com/user/progressiveproperty https://www.progressiveproperty.co.uk/the-progressive-co-founders/
ABOUT THE HOST
Mark has bought, sold or has managed around 1,000 property units for himself, Rob, his family and his investors since 2003. He is a system and spreadsheet geek and has developed a complex, confidential deal analyser system of buying residential, commercial and multi-let properties.
CONTACT METHOD
Email: Markhomer@progressiveproperty.co.uk
LinkedIn: https://www.linkedin.com/in/markhomer1
Facebook: https://www.facebook.com/markprogressive
Twitter: https://twitter.com/markprogressive