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How high could interest rates go, whether to invest in property right now and what a 100% mortgage is are just some of the questions Mark answers in this Q&A episode of Mark My Words.

 

KEY TAKEAWAYS 

• The UK is behind the curve, the EU is still putting interest rates up currently and it’s predicted we will still have some small rises in interest.
• Inflation is higher in the UK than in the EU and US due to our reliance on gas, labour supply shock from covid lockdowns and food price increases.
• Government debt is set to rise still and is continuing to impact growth.
• House prices are still falling but at a slower rate.
• There are opportunities to add to your property portfolio right now, there are always good deals available.
• Pay off student debt as soon as you can but not at the detriment of owning a property and career progression.

BEST MOMENTS  

‘Inflation is the primary consideration when setting interest rates’

‘Inflation will start to fall slightly, it’s already baked into the numbers’

‘House price falls are starting to slow and the market is beginning to stabilise’

‘Variable rates aren’t always a bad thing’

VALUABLE RESOURCES 

https://www.youtube.com/user/progressiveproperty https://www.progressiveproperty.co.uk/the-progressive-co-founders/

ABOUT THE HOST

Mark has bought, sold or has managed around 1,000 property units for himself, Rob, his family and his investors since 2003. He is a system and spreadsheet geek and has developed a complex, confidential deal analyser system of buying residential, commercial and multi-let properties.

CONTACT METHOD

Email: [email protected]

LinkedIn: https://www.linkedin.com/in/markhomer1

Facebook: https://www.facebook.com/markprogressive

Twitter: https://twitter.com/markprogressive

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