Episode 18: Bank of England Rate Decision, Market Predictions & Mortgage Trends - Broker Collective Podcast

In Episode 18 of the Broker Collective Podcast, hosted by Riz Malik with co-hosts Lewis'Trawleman' Shaw and Jamie 'Dimora' Lennox, the team dives deep into the latest Bank of England base rate decision holding at 5%, and its implications for brokers and the UK property market. They discuss HSBC's forecasting on potential rate cuts and how it might affect both high and low-end market segments. Insights from personal experiences in the mortgage business are shared, including the impact of automation in client communication. The episode ends with advice for business growth and maintaining work-life balance.

00:00 Introduction and Welcome

00:40 Bank of England Base Rate Decision

02:31 Market Predictions and Property Prices

05:51 Impact on Mortgage Pricing

08:08 Current Market Activity

12:04 Upcoming Budget and Economic Concerns

18:04 Challenges with Mortgage Rate Changes

26:48 Office Keyboard Talk

27:29 Challenges in the Mortgage Market

28:52 Interesting Facts About Norwich

29:51 Sponsorship and Inflation Discussion

30:16 Growing Your Business

33:13 Recruitment Experiences

38:32 Technology Corner: Automated Text Updates

42:37 The Importance of Communication

45:46 Psychology Corner: Be Present

47:00 Conclusion and Farewell