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.
‘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.’
ABOUT THE HOST
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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