Interest Rate Crisis update

Episode 176 of the Property Magic Podcast podcast, hosted by Simon Zutshi, titled "Interest Rate Crisis update" was published on February 14, 2023 and runs 12 minutes.

February 14, 2023 ·12m · Property Magic Podcast

Summary

Simon talks frankly and factually in this update episode about the interest rate crisis, including the impact it could have on you and the property market in 2023. KEY TAKEAWAYS In Feb the BOE raised the base rate to 4% which is the highest rate in 40 years; up from 0.4% in less than a year In reality, this means that mortgage payments for many investors and homeowners have almost tripled In the UK, many investors have variable-rate mortgages due to popular investing strategies Despite everything happening in the property market, it’s still a great time to invest if you get the right deal. Simon predicts that this won’t be a deep recession, he expects to see some recovery within the next two years. BEST MOMENTS ‘Personally, I have always preferred fixing my mortgage rate’ ‘People who listened to me, who took action, love me now’ ‘There are some landlords who are paying more in mortgage than they are bringing in rental profit’ ‘More motivated sellers are more likely to be flexible with the price and also the terms of the sale’ ‘Get educated and get involved and make the most of what I believe is going to be the best buying opportunity this decade’ VALUABLE RESOURCES Property Magic Challenge – www.propertymagicchallenge.co.uk To attend your first pin meeting as Simon's guest visit http://www.pinmeeting.co.uk/, find your local meeting, and at the bottom of the page where you normally pay £20, click on where is says "pay with a voucher code" and use this code: PODCAST. This will by pass the payment page and you can attend your first pin meeting for free. Property Magic: How to Buy Property Using Other People's Time, Money and Experience by Simon Zutshi Find out about the Global PIN Meetings at www.globalpinmeeting.com To find your local pin meeting visit: www.PinMeeting.co.uk and use voucher code PODCAST to attend you first meeting as Simon's guest (instead of paying the normal £20). iphone:  http://bit.ly/pinAPP1 Android https://bit.ly/pinAPP2 Register at Mindset For Property at - www.mindsetforproperty.co.uk  ABOUT THE HOST Simon Zutshi, experienced investor, successful entrepreneur and best-selling author, is widely recognised as one of the top wealth creation strategists in the UK. Having started to invest in property in 1995 and went on to become financially independent by the age of 32. Passionate about sharing his experience, Simon founded the property investor’s network (pin) in 2003www.pinmeeting.co.uk.    pin has since grown to become the largest property networking organisation in the UK, with monthly meetings in 50 cities, designed specifically to provide a supportive, educational and inspirational environment for people like you to network with and learn from other successful investors. Since 2003, Simon has taught thousands of entrepreneurs and business owners how to successfully invest in a tax-efficient way.  How to create additional streams of income, give them more time to do the things they want to do and build their long-term wealth. Simon’s book “Property Magic” which is now in its sixth edition, became an instant hit when first released in 2008 and remains an Amazon No 1 best-selling property book. Simon launched his latest business, www.CrowdProperty.com, in 2014, which is an FCA Regulated peer to peer lending platform to facilitate loans between private individuals and property professionals. CONTACT METHOD Contact and follow Simon here: Facebook: http://www.facebook.com/OfficialSimonZutshi  LinkedIn: https://www.linkedin.com/in/simonzutshi/ YouTube: https://www.youtube.com/SimonZutshiOfficial Twitter: https://twitter.com/simonzutshi Instagram: https://www.instagram.com/simonzutshi/

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