Hi, I'm Rob. And I'm Rob. And this is Ask Rob and Rob.

Hey everyone, it's Ask Rob and Rob, the show where you get your questions in, predominantly property related.

Sometimes you go a little off piece, but we don't mind that. And we do our very, very best to give you a good answer in return.

We've done this over 500 times now, so we're well versed,

but luckily you always have a lot of questions and we'll guide you now to the place you can go

to ask some more. Yep, it's just one destination, property hub.net slash ask. If you go there,

you can leave us a question in written form for our Sunday Times column, or you

can get yourself on the show and be the envy of all your friends by leaving us a voice note,

just like Sam did.

Hi, Rob and Rob, it's Sam here. I'm currently on the lookout for my next investment property,

but with everything happening globally at the moment, there's a lot of noise around

mortgage rates rising. Do you think that this is a short-term spike or do you think that

these rates are likely to now stay higher for longer? And ultimately, is this now a good time

to invest or do you think I should wait a little while?

Sam, thank you for your question. We've recently had a mortgage update podcast in the last few weeks,

so I go back and listen to that episode. But the short answer for you is, yes, absolutely do see

it as a short-term spike and pretty much every expert in the market feels that way as well.

What's really interesting is most people associate mortgage with interest rates set by the Bank of England,

but actually it's the swap rates that are more important because that's how they borrow.

They borrow against whatever the swap rates are.

And swap rates often do track interest rates, but when there's more volatility in the world, they can spike.

So an interest rate might look acceptable from the Bank of England, but a swap rate may be a lot higher.

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