Question plz; Somebody I know has £250k equity in her home but she is only receiving PIP (personal independence allowance) due to an injury. You may get UC later on. Could she still apply for a mortgage alone, so she could purchase a £300k house? She would put down £250k cash. Ty
Thanks for the video. I think interest rates will creep down slowly to around 4% base rate by the end of 2025 but will depend on inflation. Cheers Sue 😊
@@Nicheadvice I know Trump looked like he got rates lower before, but thinking he can direct rates is wrong, it didn't matter who won the election, the fact is they are overspending $2 trillion a year minimum, even Elon can't change it. 🙃
@Derek-Trotter also I actually agree with this point and I did mention it's going to be a short term Ray decrease but the overall arching environment will need a drastic change massive rest stabilisation
Well theres one thing I could say, its probably good thats its come in March, Who knows what next april will bring when some of the "inflatonary" changes come live. My gut tells me to expect more rises in inflation and we all know the BOE only has one lever.
Question plz; Somebody I know has £250k equity in her home but she is only receiving PIP (personal independence allowance) due to an injury. You may get UC later on. Could she still apply for a mortgage alone, so she could purchase a £300k house? She would put down £250k cash. Ty
Thanks for the video. I think interest rates will creep down slowly to around 4% base rate by the end of 2025 but will depend on inflation. Cheers Sue 😊
Thank you I think you've probably right I don't think it's going to be as aggressive as 3.5%
UK government spending don't add up and the US is even worse
Gilts underpin all rates and there going up, while BoE lower, two possible reasons are risk or inflation expectations
Very good point
@@Nicheadvice I know Trump looked like he got rates lower before, but thinking he can direct rates is wrong, it didn't matter who won the election, the fact is they are overspending $2 trillion a year minimum, even Elon can't change it. 🙃
@Derek-Trotter also I actually agree with this point and I did mention it's going to be a short term Ray decrease but the overall arching environment will need a drastic change massive rest stabilisation
Can you get a UK mortgage to use abroad?
No not uk standard mortgages
Well theres one thing I could say, its probably good thats its come in March, Who knows what next april will bring when some of the "inflatonary" changes come live. My gut tells me to expect more rises in inflation and we all know the BOE only has one lever.
You work to much brother!
I know life is not straightforward