Ep 507 - UK Property Special: Latest on Mortgage rates, Products, Affordability tests & House prices
The Money To The Masses Podcast - A podcast by Damien Fahy - Sundays
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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 moreCheck 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 TrendsFollow Money to the Masses on social media:YouTube - https://www.youtube.com/moneytothemassesFacebook - https://www.facebook.com/moneytothemassesInstagram - https://www.instagram.com/moneytothemasses Tik Tok - https://www.tiktok.com/@moneytothemassesYou may already compare products and services online and make purchases but by doing so via our dedicated page you might not only save money but could also earn cashback or take advantage of exclusive offers for MTTM listeners.Every time you use a link on the page we may earn a small amount of money for our podcast. We only use affiliate links that give you an identical (or better) deal than going direct. Thank you for being an incredible part of our community. Your support means the world to us.Support the show by visiting and bookmarking our dedicated podcast page:Money to the Masses Dedicated Podcast Page - Click to support the showLinks referred to in the podcast:Where next for interest rates? Check out our predictionsBest Mortgage Rates in the UKMortgage Comparison ToolHow to find a mortgage broker you can trustSkipton track record mortgage reviewApril mortgages launches zero deposit mortgage optionsGable mortgages' zero deposit mortgage optionsWhat is going to happen to UK house prices?If a link has an * beside it this means that it is an affiliated link. If you go via the link, Money to the Masses may receive a small fee which helps keep Money to the Masses free to use.
