Market update: 1 May 2020

The Property Podcast

Rob Bence & Rob Dix

News, Investing, Education, Business, Business News

4.8 • 2K Ratings

🗓️ 1 May 2020

⏱️ 15 minutes

🔗️ Recording | iTunes | RSS

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Summary

Rob & Rob are back again with another Friday market update for you. There’s a bit of positivity in the air with Boris announcing that we are past the peak of COVID-19. And he’s even hinting at the possibility of easing lockdown restrictions - hurrah! We’re sure more will be revealed over the next few weeks but these nuggets of information have certainly perked us up. Not only would lockdown easing be good news for individuals, but it’ll be great news for the economy! This week has also been an exceptionally good week for mortgages. For the second week in a row there have been more mortgage products coming onto the market. Here’s what else The Robs will be discussing on today’s episode: Product transfers on mortgage holidays Rent arrears Addressing a negative review on the market updates There’s also a special announcement regarding Property Hub Live for all those who have bought tickets, so if that’s you, you’ll definitely want to give this a listen. Enjoy - and we’ll be back next week! We’d love to hear what you think of our new market updates over on Facebook, Twitter or Instagram. You might even have a question you’d like us to cover in the future - if so, pop us a message on social and we’ll see what we can do. Make sure you’ve liked and subscribed to our YouTube channel where we upload new content every week! If that wasn’t enough, you can also join our friendly property community on the Property Hub forum. See omnystudio.com/listener for privacy information.

Transcript

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0:00.0	Hello Rob B here with Rob D and it's another market update. It's raw. It's nearly live. We put out a few hours after we've recorded it.
0:07.0	And we've got lots to talk about this week. But before we dig in, it's the touchy feely stuff. Rob, how are you feeling?
0:15.0	I'm feeling really good thanks. I've had a good week. The sun is shining again after a couple of days off and
0:21.5	we are past the peak, Boris tells us and it seems highly likely that
0:25.3	restrictions are going to be eased a bit before too long so feeling very
0:28.8	positive. Good very good and Boris like you said it's feeling positive as well. He's announced that
0:34.4	apparently we are past the peak of COVID-19, which is obviously brilliant news, and he's also
0:40.1	hinted that the easing off measures will be announced or at least discussed next week.
0:45.8	So that's again really, really positive.
0:49.1	I think you and I and the whole nation has been waiting for some sort of movement, some sort of good news in terms of the epidemic,
0:55.1	but also the lockdown measures being eased and I think we're all ready for that.
0:59.5	So we'll see what next week brings, but that is very positive it really is positive for
1:04.4	individuals of course get back out and about again but also for the economy
1:09.4	because the thing that we've said all along is that the longer this goes on for the harder it is going to be for things to get back to normal
1:17.3	without there being too much damage along the wave. You can only prop things up for so long and
1:21.4	it's not like we think things are going to snap back
1:24.0	instantly and immediately but the quicker we get back to some semblance of normality,
1:29.1	the less medium term damage to the economy there's going to be.
1:31.9	So lots of good news in a broader sense and
1:34.6	also good news around this week to the property market in particular, particularly around
1:39.6	mortgages which is something we've talked about a lot on these market updates because it is such a fundamental part of investment and having the mortgage market functioning and having lots of products out there is so important to the success of the property market when we come out the other side of this.
1:55.2	Two quick things on the mortgage market. The first is for the second week in a row
	...

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