In today's podcast, Mark discusses how mortgage rates are dropping due to high competition among lenders as Nationwide has announced its lowest mortgage rates at 3.84%.
As property investors, it is important to keep up with the latest news and trends to see where the best offers are and when the best time to invest in property is. Mark predicts that the future is going to be interesting as rates are dropping however with the government potentially introducing a new policy it could go the opposite way really fast.
It is essential to seek financial advice before committing to a mortgage so that you know you haven't put yourself in a trap. The mortgage rate has consecutively gone up 14 times since December 2021, making it even more difficult, especially for those on an interest-only mortgage.
If you know your way around properties and you know what a good deal looks like, do not hesitate to take that opportunity as long as the numbers stack. However, if you have any doubts, you can check out further learning resources in the description below.
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YouTube: https://www.youtube.com/c/propertyinvestorsnetwork
Twitter: https://twitter.com/pin_uk/
Instagram: https://www.instagram.com/propertyinvestorsnetworkuk/
TikTok: https://www.tiktok.com/@propertyinvestorsnetwork
In today's podcast, Mark discusses how mortgage rates are dropping due to high competition among lenders as Nationwide has announced its lowest mortgage rates at 3.84%.
As property investors, it is important to keep up with the latest news and trends to see where the best offers are and when the best time to invest in property is. Mark predicts that the future is going to be interesting as rates are dropping however with the government potentially introducing a new policy it could go the opposite way really fast.
It is essential to seek financial advice before committing to a mortgage so that you know you haven't put yourself in a trap. The mortgage rate has consecutively gone up 14 times since December 2021, making it even more difficult, especially for those on an interest-only mortgage.
If you know your way around properties and you know what a good deal looks like, do not hesitate to take that opportunity as long as the numbers stack. However, if you have any doubts, you can check out further learning resources in the description below.
VALUABLE RESOURCES:
CONNECT WITH US:
Facebook: https://www.facebook.com/propertyinvestorsnetworkuk
LinkedIn: https://www.linkedin.com/company/property-investors-network
YouTube: https://www.youtube.com/c/propertyinvestorsnetwork
Twitter: https://twitter.com/pin_uk/
Instagram: https://www.instagram.com/propertyinvestorsnetworkuk/
TikTok: https://www.tiktok.com/@propertyinvestorsnetwork