In this episode, Rob sits down for his weekly chat with Marc Champ of Wharf Financial. Marc is a member of the advisory board for the National Association of Commercial Finance Brokers (NACFB), with 20 years of experience in the industry. During this episode, they discuss the recent Bank of England interest rate rises. In particular how the mortgage market has responded to it and what that means for property investors, developers, and entrepreneurs.
KEY TAKEAWAYS
BEST MOMENTS
‘I'm not saying the rates are going to come down any time soon. But maybe they're not going to be quite as bad as some people are thinking.’
‘Take advice.’
‘There will be times where there's less money available as we are at the moment and that will cause a little bit of a reduction or plateau of house prices.’
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
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