The Property Den with Ken & Glen

The Property Den With Ken & Glen Episode 22

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Episode 22 of The Property Den with Ken & Glen.

Guess who's back, back again, Ken & Glen’s back, tell a friend
Guess who's back, guess who's back, Guess who's back. Guess who's back?

A whole week off the air waves, it feels good to be back recording

Episode 22 of the Podcast.

What Market Nuggets do we have to share and discuss with you

this week?

The Bank of England due to meet – what do we think is going

to happen?

Also, as many will have seen the Interest rate decreases from

many lenders – is this to start of lower rates or are we getting carried away with small rate reductions?

Some change in criteria gets discussed with Halifax in the

frame as they look to increase the max age of lending from 70 to 75 – is this good or bad, what are our thoughts?

We also discuss an article we have seen stating that Mortgage borrowers are potentially missing out on better deals by choosing a product transfer without advice.

Questions reviewed and covered this week include the following:

  • I’m thinking of going interest only for 6 months and extending the term. I have 6 months left on my current deal? Should I do it now?
    • I have 3 Children all under 10. Will this affect the amount my husband and I can borrow to buy our first home?
      • Are mortgage rates coming down and should I wait to buy?
        • I'm downsizing and taking approx. £150,000 maybe £160,000 with me as a deposit. the plan is to buy something where I take on the lowest mortgage that I can. Probably looking to buy a property no more than a £200k only looking for around 50k mortgage. Would that be doable? I have been told by other brokers no.

          • And as quick as it began its over and another week is wrapped up.

          For now It's goodbye from Ken & Goodbye from Glen.

          Goodbye!!

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          The Property Den with Ken & GlenBy Ken James