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.



KEY TAKEAWAYS
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.



BEST MOMENTS

‘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.



EPISODE RESOURCES

Marc Champ @ Wharf Financial

E-mail = info@wharffinancial.co.uk

Phone = 0208 895 6677

Social Media = @wharffinancials

Website = https://www.wharffinancial.co.uk

Money Weekly = https://moneyweek.com/

Donations for Wharf Financial charity cycle challenge: https://www.justgiving.com/fundraising/wharffinancialn2challenge





BOOKS

Buy To Let: How to Get Started = https://amzn.to/3genjle

101 Top Property Tips = https://amzn.to/2NxuAQL

Property FAQs = https://amzn.to/3MWfcL4



WEBSITE

www.tpnpodcast.com



SHOP 

www.tpnpodcast.com/shop



SOCIAL MEDIA

Instagram - https://www.instagram.com/thepropertynomadspodcast/

Facebook - https://www.facebook.com/ThePropertyNomadsPodcast

YouTube - https://www.youtube.com/channel/UCejNnh8OEUXSrdgFDFraWxg

Patreon - https://www.patreon.com/tpnpodcast





PODCAST

The Property Nomads Podcast:  

I-Tunes = apple.co/3bHNn5G

Stitcher = bit.ly/3cFQVqe

Spotify = spoti.fi/2XaZliP

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.
 
KEY TAKEAWAYS
<ul>
<li>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.</li>
<li>The lifting of the restriction does free things up for first-time buyers.</li>
<li>Inflation, particularly the rising price of materials, means the profit margin needs to be high enough to absorb those potential extra costs.</li>
<li>The supply of properties is set to increase. Marc explains why.</li>
<li>Remember change creates opportunity. Some of which are discussed in the podcast.</li>
</ul>
 
BEST MOMENTS
‘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.
 
EPISODE RESOURCES
Marc Champ @ Wharf Financial
E-mail = info@wharffinancial.co.uk
Phone = 0208 895 6677
Social Media = @wharffinancials
Website = https://www.wharffinancial.co.uk
Money Weekly = <a href="https://moneyweek.com/">https://moneyweek.com/</a>
Donations for Wharf Financial charity cycle challenge: https://www.justgiving.com/fundraising/wharffinancialn2challenge
 
 
BOOKS 
Buy To Let: How to Get Started = <a href="https://amzn.to/3genjle">https://amzn.to/3genjle</a>  
101 Top Property Tips = <a href="https://amzn.to/2NxuAQL">https://amzn.to/2NxuAQL</a> 
Property FAQs = <a href="https://amzn.to/3MWfcL4">https://amzn.to/3MWfcL4</a>
 
WEBSITE
<a href="http://www.tpnpodcast.com/">www.tpnpodcast.com</a> 
 
SHOP  
<a href="http://www.tpnpodcast.com/shop">www.tpnpodcast.com/shop</a> 
 
SOCIAL MEDIA  
Instagram - <a href="https://www.instagram.com/thepropertynomadspodcast/">https://www.instagram.com/thepropertynomadspodcast/</a>  
Facebook - <a href="https://www.facebook.com/ThePropertyNomadsPodcast">https://www.facebook.com/ThePropertyNomadsPodcast</a>  
YouTube - <a href="https://www.youtube.com/channel/UCejNnh8OEUXSrdgFDFraWxg">https://www.youtube.com/channel/UCejNnh8OEUXSrdgFDFraWxg</a>
Patreon - https://www.patreon.com/tpnpodcast
 
 
PODCAST  
The Property Nomads Podcast:  
I-Tunes = <a href="http://apple.co/3bHNn5G">apple.co/3bHNn5G</a>  
Stitcher = <a href="http://bit.ly/3cFQVqe">bit.ly/3cFQVqe</a> 
Spotify = <a href="http://spoti.fi/2XaZliP">spoti.fi/2XaZliP</a>

Property Nomads brings property and all things currency, money and macro straight to you. All with a no-nonsense attitude! 

EVENT MENTIONED ON PODCAST 
https://progressiveproperty.online/live-multiple-streams-of-property-income-interest-london/AMB4692

WHERE TO FIND US = https://linktr.ee/thepropertynomadspodcast

SOVEREIGN MAN PREMIUM INTELLIGENCE MEMBERSHIP = https://dash.sovereignman.com/a/smc12m995/tpnpodcast

SOVEREIGN MAN 4th PILLAR = https://dash.sovereignman.com/a/4pmain/tpnpodcast

PROPERTY BOOKS  
Property FAQs = https://amzn.to/3MWfcL4
Buy To Let: How To Get Started = https://amzn.to/3genjle
101 Top Property Tips = https://amzn.to/2NxuAQL

ABOUT THE HOST
Rob Smallbone is the author of the Amazon best-seller Buy-To-Let: How To Get Started as well as 101 Top Property Tips and Property FAQ’s. 

Property Nomads brings property and all things currency, money and macro straight to you. All with a no-nonsense attitude! 
EVENT MENTIONED ON PODCAST  <a href="https://progressiveproperty.online/live-multiple-streams-of-property-income-interest-london/AMB4692">https://progressiveproperty.online/live-multiple-streams-of-property-income-interest-london/AMB4692</a>
WHERE TO FIND US = <a href="https://linktr.ee/thepropertynomadspodcast" data-saferedirecturl="https://www.google.com/url?q=https://linktr.ee/thepropertynomadspodcast&amp;source=gmail&amp;ust=1686386870688000&amp;usg=AOvVaw24jygsJC7ETEGW7oGeqipv">https://linktr.ee/thepropertynomadspodcast</a> 
SOVEREIGN MAN PREMIUM INTELLIGENCE MEMBERSHIP = <a href="https://dash.sovereignman.com/a/smc12m995/tpnpodcast" data-saferedirecturl="https://www.google.com/url?q=https://dash.sovereignman.com/a/smc12m995/tpnpodcast&amp;source=gmail&amp;ust=1686386870688000&amp;usg=AOvVaw3Mt16pMm9PsmgmljA6v0DI">https://dash.sovereignman.com/a/smc12m995/tpnpodcast</a> 
SOVEREIGN MAN 4th PILLAR = <a href="https://dash.sovereignman.com/a/4pmain/tpnpodcast" data-saferedirecturl="https://www.google.com/url?q=https://dash.sovereignman.com/a/4pmain/tpnpodcast&amp;source=gmail&amp;ust=1686386870688000&amp;usg=AOvVaw1AJx78Z7tzK5xLVjw2Z0Js">https://dash.sovereignman.com/a/4pmain/tpnpodcast</a> 
PROPERTY BOOKS  Property FAQs = <a href="https://www.youtube.com/redirect?event=video_description&amp;redir_token=QUFFLUhqbko0U3dKT3g3NWVLTXlrcjREVmxOZmdGSHM5UXxBQ3Jtc0tuME9qbUdPYlpjY0p6OFkxaS1TSlJzOXgwbVhFYlZNVUFrd1RzRXZIamJJQmk5QUNIYlVoZ1JnV0pQWjJ1b0ZERWtJTkVWNzZDLWxLNVVMZjJyaVBIUHVmYTBZUzhVMk4tZno0UWVtZW9TS2FUUFFSaw&amp;q=https%3A%2F%2Famzn.to%2F3MWfcL4&amp;v=hUIpY5z9iDM" data-saferedirecturl="https://www.google.com/url?q=https://www.youtube.com/redirect?event%3Dvideo_description%26redir_token%3DQUFFLUhqbko0U3dKT3g3NWVLTXlrcjREVmxOZmdGSHM5UXxBQ3Jtc0tuME9qbUdPYlpjY0p6OFkxaS1TSlJzOXgwbVhFYlZNVUFrd1RzRXZIamJJQmk5QUNIYlVoZ1JnV0pQWjJ1b0ZERWtJTkVWNzZDLWxLNVVMZjJyaVBIUHVmYTBZUzhVMk4tZno0UWVtZW9TS2FUUFFSaw%26q%3Dhttps%253A%252F%252Famzn.to%252F3MWfcL4%26v%3DhUIpY5z9iDM&amp;source=gmail&amp;ust=1686386870688000&amp;usg=AOvVaw3ywG3Sq2jPg9t3NqNbIywE">https://amzn.to/3MWfcL4</a>  Buy To Let: How To Get Started = <a href="https://www.youtube.com/redirect?event=video_description&amp;redir_token=QUFFLUhqa1E2QUx5dmRkUWFTQWsyVmhLbGVrb0FxcUNnUXxBQ3Jtc0tselFnNnk5VGRBcVEzeFlveldhVUdtZmNGdlJqR1V5ejYwQTZSUFJYMFRYdXpKS0NGSWZaT2o5blZ1RXl4bG1XbVdZWTQtU3cyVWlib09ZR0xIMGxzOU85ZjNsQlQ0X0Y4aEFXeWpZMTFPQW1oTXQxUQ&amp;q=https%3A%2F%2Famzn.to%2F3genjle&amp;v=hUIpY5z9iDM" data-saferedirecturl="https://www.google.com/url?q=https://www.youtube.com/redirect?event%3Dvideo_description%26redir_token%3DQUFFLUhqa1E2QUx5dmRkUWFTQWsyVmhLbGVrb0FxcUNnUXxBQ3Jtc0tselFnNnk5VGRBcVEzeFlveldhVUdtZmNGdlJqR1V5ejYwQTZSUFJYMFRYdXpKS0NGSWZaT2o5blZ1RXl4bG1XbVdZWTQtU3cyVWlib09ZR0xIMGxzOU85ZjNsQlQ0X0Y4aEFXeWpZMTFPQW1oTXQxUQ%26q%3Dhttps%253A%252F%252Famzn.to%252F3genjle%26v%3DhUIpY5z9iDM&amp;source=gmail&amp;ust=1686386870688000&amp;usg=AOvVaw3wSr9vgHsK-gwrLCtfirSU">https://amzn.to/3genjle</a>   101 Top Property Tips = <a href="https://www.youtube.com/redirect?event=video_description&amp;redir_token=QUFFLUhqbmVnUXA2cFZwWS1uMktqZGZTNEFPUXRMeFg4QXxBQ3Jtc0trRzFnd1NPWWRjZU5tLVlnZjRNQ0FmX3RjazV2aXE4ZGVQbDJOVW13OEc4TkdrMDJhUHlLcGdETWQxNzRmVWZCUkRtMTZXZEVPY1ktOXhScEZCejNudHFBTTVuQ1poU1Q3bFlBSDdPTEpfTWV3SEFCUQ&amp;q=https%3A%2F%2Famzn.to%2F2NxuAQL&amp;v=hUIpY5z9iDM" data-saferedirecturl="https://www.google.com/url?q=https://www.youtube.com/redirect?event%3Dvideo_description%26redir_token%3DQUFFLUhqbmVnUXA2cFZwWS1uMktqZGZTNEFPUXRMeFg4QXxBQ3Jtc0trRzFnd1NPWWRjZU5tLVlnZjRNQ0FmX3RjazV2aXE4ZGVQbDJOVW13OEc4TkdrMDJhUHlLcGdETWQxNzRmVWZCUkRtMTZXZEVPY1ktOXhScEZCejNudHFBTTVuQ1poU1Q3bFlBSDdPTEpfTWV3SEFCUQ%26q%3Dhttps%253A%252F%252Famzn.to%252F2NxuAQL%26v%3DhUIpY5z9iDM&amp;source=gmail&amp;ust=1686386870688000&amp;usg=AOvVaw08Em7GiLbSgqTl0j-gHsly">https://amzn.to/2NxuAQL</a>  
ABOUT THE HOST Rob Smallbone is the author of the Amazon best-seller Buy-To-Let: How To Get Started as well as 101 Top Property Tips and Property FAQ’s.

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