June 22, 2023
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
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