PROPERTY: Mortgage Affordability Test Scrapped - Is UK Property Investing Becoming Easier with Marc Champ

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Published Aug 8, 2022, 12:00 AM

In this episode, Rob once again sits down with Marc Champ of Wharf Financials to discuss a couple of recent changes that will have a significant impact on the UK property market. Including, The Bank of England´s plan to scrap the mortgage affordability test.


As well as the story that house prices have defied expectation and hit record highs.



  • Marc´s customers, who are mainly buying in the North of the UK, have not really reacted to the scraping of the mortgage affordability test.
  • The lifting of the restriction does free things up for first-time buyers.
  • Inflation, particularly the rising price of materials, means the profit margin needs to be high enough to absorb those potential extra costs.
  • The supply of properties is set to increase. Marc explains why.
  • Remember change creates opportunity. Some of which are discussed in the podcast.



‘We´ve not seen customers benefit from it or have any issues because I think the lenders were already acting responsibly.’

‘If you only have a skinny profit, think about it very carefully. Prices will go up.’

‘A downturn in the market creates more opportunities.’

‘We have seen a lot of refinancing.’




Rob Smallbone the host of The Property Nomads Podcast, is on a global mission to guide your success. Success can happen in many ways, shapes, and forms. Think about what success means to you. More properties? More clients? Financial freedom? Time freedom?


Rob wants to make a huge difference to people around the world. He is here to guide your success in property, business, and life and to inspire you to achieve your goals, dreams, and visions. He's travelled, explored, and invested. And he's not planning on stopping these activities anytime soon.


Buckle up, sit tight, and enjoy the ride that is life.



Marc Champ @ Wharf Financial

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