The Property Podcast TPP623: Mortgage Market Update
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Feb 20, 2025 Interest rates are trending down, offering some hope to investors, but down-valuations remain a major hurdle. Experts share insights on managing client expectations, current mortgage rates, and revitalizing lender sentiment. Strategies are discussed to cope with emotional challenges brought about by valuations, alongside tips for maintaining a long-term perspective. There's also a deep dive into mortgage options for expatriates, highlighting potential rates and essential due diligence for successful investments.
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Mortgage Rates and Base Rate Cuts
- Mortgage rates already factor in predicted base rate cuts, so they won't plummet.
- Lenders project funding lines over five years using swap rates, impacting current rates.
Managing Client Expectations
- Build long-term relationships with clients, providing ongoing updates via channels like WhatsApp.
- Educate clients on the layered nature of buy-to-let mortgages and advertised rates.
Key Elements of Buy-to-Let Mortgages
- Getting a buy-to-let mortgage involves two main elements.
- It's the client's financial situation and the property type, as lenders' preferences vary.