TPP536: Mortgage Market Update

Hundreds of mortgage products being pulled off the market, shocking inflation figures and an increasing base rate. What’s happening in the mortgage market?  (0:56) News story of the week  (2:28) Exciting announcement   (4:55) What’s going on with the mortgage market?  (5:48) What’s the current state of the market and has this ever happened before?  (6:17) What’s happening with the base rate/swap rates and how are lenders responding?  (6:59) Do you see this period of volatility lasting much longer?  (8:07) What kind of knock-on effect is this having? Are fewer people applying?  (8:42) What should you be doing if your fix is coming to an end?  (11:26) Is a 2-year fix the best option?  (12:37) What are the good products right now and what kind of rates should people be looking at right now?  (14:05) Are clients adamant on getting a lower-interest-rate product even though they have higher product fees?  (14:55) Are off-plan and new builds easier to get finance on?  (15:30) Are you expecting to see more attractive products to come to market soon?  (16:49) What do you think will happen in the next 1-2 years?  (17:53) Is diversification a part of your strategy?  (19:40) Can you still operate in this market?  (20:50) The importance of using a broker  (22:59) Hub Extra  Links mentioned:  Welsh Government Green Paper  Property Hub Select  Property Hub Invest  Tour De France: Unchained  Enjoy the show?  Leave us a review on Apple Podcasts - it really helps others find us!  Sign up for our free weekly newsletter, Property Pulse  See omnystudio.com/listener for privacy information.