Hi James. Just found you and subbed as I'm impressed with your content! Trying to sell my house but it's gone very quiet. Do you think things will improve for vendors soon?
Hi James, The 3 year and 5 year rates give you a good idea how lenders see the market and if you are a saver the same applies to lock in a long term rate today before the rates fall, some already have!
Been a while since i've commented. Hello James! Do you think when BOE cut interest rates only once, everyone jumps back in and it's a sellers Market again. Or do you think it will need to hit a certain Interest Rate for it all to kick start back up again. Would love for you to make a prediction video, on whether you think now is the time to buy and when you think it all goes crazy again, which rate.
Canada cut 😂😂 and there inflation is now up !! Same will happen to UK they will cut and inflation will start going up then rates will have to go back up
I can’t see a huge uptick in the market unless the bank’s financially engineeer like 40 year mortgages etc. The price to wage multiple got out of control and is still too high especially with reasonably normalised interest rates. You can have it up at 10+ average wages when rates were zero but not now especially for FTB’s
I dont think everyone jumps back in, some people want to be certain the market has bottomed out. However I do think for 3-4 months the market will be around 20% busier than it is today.
James your mortgage videos are great as always but it would be brilliant if you can be clear about the mortgages you are talking about ( BTL, personal name,ltd residential mortgage etc)
Stuff mortgage rates what about the lowering of interest on my savings? I'm getting >5.2 on my short term sterling money market account but 5.6 on my Virgin Money ISA.
We have a mortgage offer of 4.57% 5 year 75% ltv. We are probably going to exchange in the next 4 weeks. If natwest reduce their mortgage rates can we swap to a better deal before exchange?
Speak to your broker on the terms of your mortgage. But you might be able to swap so worth trying. With regards to delaying the purchase to try and get a better rate I would not do that. There is no certainty rates will drop, in fact last month they went up.
Hey James, thanks for creating those helpful videos. By the way, Clydesdale mortgage interest rates have consistently been lower than others. I've secured a 4.87% interest rate for a 2-year fixed term with a loan-to-value ratio of ≤65% and a £499 product fee.
@@Drzahman they have a calculator on their website it's best to use that. But it's just a mortgage in principle I might not go with them I just need one to put an offer in.
Hi James, would a 3.94% deal locked in January for 5 years still be good. Or do you think it will drop more. We are due to remortgage in next couple of weeks and wondering if it’s still good or will it drop more considerably in the next year
@@rushelectrics5415 Thank you I keep reading that by 2026 it’ll be close to 3% but it all feels a bit like a lottery where some people will win and others will lose out
Yes I agree that’s a very good rate, I don’t think you will get much better in the next 5 years possibly 3.5% at a push unless there is a huge recession and that ain’t gonna happen with the fake money the government is still pumping into the economy
Yeah thats a great deal and you timed that well. I dont think rates will drop that much by next year. I think the best rate you could get next year all going well is 3.5%.
I wouldn't get to excited people , canada cut rates and there inflation has gone up today . This could happen in the uk.inflation is only at 2% suddenly as these institutions are open for curruption and its was for Rishi and general election . So when thats over we may see the real figures
Inflation will certainly go back up in the next few months as the cost of services which makes up part of the inflation report is still up just below 5%, this is another (main factor) why BoE is holding its rate, this is an age old problem, nothing any government elected will be able to fix.
Yeah and sadly the service inflation is out of control of those business owners. 10% minimum wage increase and energy costs forced prices up. They dont / wont take into consideration but I think they should.
England aren't going far in this tournament, too slow, no momentum, no urgency, lets just kick the ball to each other and hope the opposition get bored watching us. No goals = no progression.
So what would you consider slashing? They are not slashing just a slight drop.
Exactly I thought slashing was a very strong word!
UA-cam algorithms I guess
Or just Bullshite clickbait ? A party political broadcast ?
Thats 5% down thats a big drop.
Hi James. Just found you and subbed as I'm impressed with your content! Trying to sell my house but it's gone very quiet. Do you think things will improve for vendors soon?
I think August if Bank Of England drop rates people will come back into the market.
Hi James, The 3 year and 5 year rates give you a good idea how lenders see the market and if you are a saver the same applies to lock in a long term rate today before the rates fall, some already have!
I agree they see the market moving back down.
Great news!!
Thank you Sir!!
Welcome
Been a while since i've commented. Hello James! Do you think when BOE cut interest rates only once, everyone jumps back in and it's a sellers Market again. Or do you think it will need to hit a certain Interest Rate for it all to kick start back up again. Would love for you to make a prediction video, on whether you think now is the time to buy and when you think it all goes crazy again, which rate.
Canada cut 😂😂 and there inflation is now up !! Same will happen to UK they will cut and inflation will start going up then rates will have to go back up
I can’t see a huge uptick in the market unless the bank’s financially engineeer like 40 year mortgages etc. The price to wage multiple got out of control and is still too high especially with reasonably normalised interest rates. You can have it up at 10+ average wages when rates were zero but not now especially for FTB’s
I dont think everyone jumps back in, some people want to be certain the market has bottomed out. However I do think for 3-4 months the market will be around 20% busier than it is today.
very good point ref the future rates!
🙏
James your mortgage videos are great as always but it would be brilliant if you can be clear about the mortgages you are talking about ( BTL, personal name,ltd residential mortgage etc)
Check todays video Ive broken them down just like you suggest.
Stuff mortgage rates what about the lowering of interest on my savings? I'm getting >5.2 on my short term sterling money market account but 5.6 on my Virgin Money ISA.
👍
Wow great news I have couple mortgages coming up
🙏
We have a mortgage offer of 4.57% 5 year 75% ltv. We are probably going to exchange in the next 4 weeks. If natwest reduce their mortgage rates can we swap to a better deal before exchange?
That’s a great deal - who with? Personal name or limited company?
@pmtilbury6596 natwest personal name. Guessing I shouldn't be expecting a better rate in the next 4 weeks then
Speak to your broker on the terms of your mortgage. But you might be able to swap so worth trying. With regards to delaying the purchase to try and get a better rate I would not do that. There is no certainty rates will drop, in fact last month they went up.
What about Halifax? Do you expect reduction in their rates?
Yes…. They are having a slash
Yes I think they will drop within the next 2 weeks.
Hey James, thanks for creating those helpful videos. By the way, Clydesdale mortgage interest rates have consistently been lower than others. I've secured a 4.87% interest rate for a 2-year fixed term with a loan-to-value ratio of ≤65% and a £499 product fee.
Thanks so much will check them out.
Really useful thanks. Any tips on finding a broker that can aces these?
I always say find a local one, check they have the whole market. Preferably not one through an estate agent. Find an indapedant broker.
@@propertyaccelerator thanks!
Fabulous already booked another mortgage review as mine expires 31 July 😊
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Hi! Is -0.15% for Natwest what they dropped on Friday or will this be a further drop?😊Thanks!
No this is an extra drop.
@@propertyaccelerator thank you! Is this on 90% LTV or only remortgages or 60% LTV?
FD are currently doing 5y 4.48% £490 fees
Sorry trying to think who FD is?
My mortgage adviser today gave me an mpowered mortgage in principle to use for putting an offer on a house
Nice good luck with the offer
Really, what rate did you get?
@@Drzahman they have a calculator on their website it's best to use that. But it's just a mortgage in principle I might not go with them I just need one to put an offer in.
Hi mate... can you help me I'm a first time buyer with. LTV of 75%, what would be the best deal for me?
Go speak to a broker 🤦🏽♂️
Hey Narinder speak to a broker I use this guy www.1cms.co.uk/ depends on your personal circumstances and the property.
under labour landlords are going to the scrap heap
😬
Hi James, would a 3.94% deal locked in January for 5 years still be good. Or do you think it will drop more. We are due to remortgage in next couple of weeks and wondering if it’s still good or will it drop more considerably in the next year
That’s a banging rate IMO. I cannot see it going much under 3.5 in the next 5 years.
@@rushelectrics5415
Thank you
I keep reading that by 2026 it’ll be close to 3% but it all feels a bit like a lottery where some people will win and others will lose out
Yes I agree that’s a very good rate, I don’t think you will get much better in the next 5 years possibly 3.5% at a push unless there is a huge recession and that ain’t gonna happen with the fake money the government is still pumping into the economy
Yeah thats a great deal and you timed that well. I dont think rates will drop that much by next year. I think the best rate you could get next year all going well is 3.5%.
I wouldn't get to excited people , canada cut rates and there inflation has gone up today . This could happen in the uk.inflation is only at 2% suddenly as these institutions are open for curruption and its was for Rishi and general election . So when thats over we may see the real figures
That inflation going up would have happened if they cut or didnt. Takes a long while for rate cuts to impact stuff.
Good evening
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Most people will wait for a 4% mortgage rate, later this year.
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I agree, Most of the deals I look at would work at 4%, I'm just buying in cash until we hit 4% then pull the money out
Inflation will certainly go back up in the next few months as the cost of services which makes up part of the inflation report is still up just below 5%, this is another (main factor) why BoE is holding its rate, this is an age old problem, nothing any government elected will be able to fix.
It only came down for the election ! All these institutes are open for corruption! Real inflation will shock you
Yeah and sadly the service inflation is out of control of those business owners. 10% minimum wage increase and energy costs forced prices up. They dont / wont take into consideration but I think they should.
There not the cheapest keep telling you I can find cheaper rates than you share 4.14% the mortgage works BTL
Will check that out thanks, Natwest is good for residential. Mortgage works is more buy to let.
@@propertyaccelerator you can also get it at 4.24% @ 75 LTV
Banks under pressure need business
True
England aren't going far in this tournament, too slow, no momentum, no urgency, lets just kick the ball to each other and hope the opposition get bored watching us. No goals = no progression.
Yeah its painful
Slashed 😂
Thats 5% down thats a big drop.
Slashing fix rates is going to lock people in, slashing variable rates is the Real gain. The question is what are the banks offering New morgagees?
Get off the variable rate
@@leemarsden1846 why? I like riding the storm to calm waters, the crowd are often wrong.
@@allykhan8594 each to there own I like the smooth waters of my 10 year fix (8 left) @2.39% 😍🤣
Natwest are offering decent rates to new mortgages and first time buyers.