Increasing interest rates are a problem

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  • Опубліковано 2 жов 2024
  • Increasing interest rates are a problem for buy-to-let landlords. The mortgage rates and mortgage payments are jumping up. That's going to create a problem because your margins are being squeezed, aren't they? I'm going to drill down into some of the reasons for this in this video.
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КОМЕНТАРІ • 4

  • @lds6182
    @lds6182 Рік тому

    Very informative kev 👍🏽

  • @navz10015
    @navz10015 Рік тому

    Another brilliant video Kevin, p the problem at the moment is that most buy to Let Lenders still have really high stress rates for all the good tracker products and extortionate fees at 3%

    • @KevinWrightProperty
      @KevinWrightProperty  Рік тому

      thanks and that is certainly true. The big spike in rates forced lenders to abandon the pretty much universal stress test of 5.5% that had been used for the last few years. Stress test levels are now reducing again but it will be some time yet before they are likely to return to 5.5%.
      Low rates and high fees are a combination that is nothing new. What mortgage lenders give with one hand they always take with the other. You want low fees, they jack up the rate - you want low rates, they jack up the fees. it has alwys worked that way. Now with higher inflation, the low fees are still low currently but higher than we have seen in the past decade or so