Ep 507 - UK Property Special: Latest on Mortgage rates, Products, Affordability tests & House prices
In this week's podcast, Damien provides a comprehensive update on the UK property and mortgage market. He reveals the latest Bank of England interest rate predictions, provides a snapshot of the best mortgage deals currently available and how you can lock in a mortgage rate in advance of your existing one ending.
He also discusses the re-emergence of 100% (zero-deposit) mortgages, detailing the newly launched products and eligibility requirements. Next, he provides an update on changes to affordability, with lenders offering higher income multiples and relaxing stress-testing rules.
Finally, Damien takes a look at what is happening with house prices using the latest data from the UK's main house price indices.
This episode is sponsored by Coinbase - Visit Coinbase* to learn more. Crypto comes with unique risks, take 2 minutes to learn more
Check out this week's podcast article on the Money to the Masses website to see the full list of resources from this week's show
(00:00) - Money to the Masses Podcast Episode 507
(04:47) - Understanding Interest Rates and Their Impact
(08:26) - Current Mortgage Rates and Best Deals
(15:49) - Options if yiy are Struggling to Get on the Property Ladder
(18:16) - Zero Deposit or '100%' Mortgages and Their Implications
(20:36) - Navigating Income Multiples and Affordability Changes
(20:40) - The Impact of Stress Testing on Borrowing Capacity
(24:21) - Analysing UK House Prices and Market Trends
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Links referred to in the podcast:
- Where next for interest rates? Check out our predictions
- Best Mortgage Rates in the UK
- Mortgage Comparison Tool
- How to find a mortgage broker you can trust
- Skipton track record mortgage review
- April mortgages launches zero deposit mortgage options
- Gable mortgages' zero deposit mortgage options
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