The Property Podcast ASK444: Is this Labour rumour true? PLUS: Does my refinancing plan work?
Sep 3, 2024
This week delves into the intriguing possibility of the Labour Party revising the renter's reform bill, possibly introducing a French-style hardship test. Is it just speculation or something more? Plus, a listener seeks guidance on a plan to buy and renovate properties, curious about how banks assess remortgage applications. What factors do lenders consider beyond just rental income? Tune in for insights on navigating these financial strategies and staying informed in the rental market!
AI Snips
Chapters
Transcript
Episode notes
Renters' Reform Bill Predictions
- Labour's potential Renters' Reform Bill changes are uncertain.
- Stay informed about proposed amendments but expect a moderate final version.
Mortgage Application Assessment
- Banks assess mortgage applications based on property value, rental income, and personal finances.
- Ensure your rent meets stress tests and maintain good credit for optimal mortgage terms.