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The Property Podcast

TPP322: 6 mortgage myths busted!

The Property Podcast

Rob Bence & Rob Dix

News, Education, Business, Investing, Business News

4.82K Ratings

🗓️ 16 May 2019

⏱️ 30 minutes

🧾️ Download transcript

Summary

The property world suffers a lot of noise. Everyone (mostly) considers themselves to be an expert - you’ll hear a lot of“you can do this”or“you can’t do that”- but quite frankly, a fair bit of it is rubbish. So today on The Property Podcast, Rob & Rob are putting six mortgage myths to bed. And what better way to tackle this subject than to get mortgage expert Dave Cookson, from Charles Louis on the show with The Robs today. The three musketeers go on to clear up six mortgage myths that might either be steering you in the wrong direction or holding you back altogether. But we know for a fact that they’re not true. Tune into this week’s Property Podcast to find out what these six common mortgage myths are and what the guys have to say about them. In the news this week, mortgage products for expats are improving after being ignored for so long. TML (The Mortgage Lenders) are launching the first expat buy-to-let mortgage product range. Also in the news, Precise Mortgages are making slicing available across its entire buy-to-let range. Rob D pretty much hits the nail on the head with describing what slicing is, so give it a listen. We’d love to hear what you think of this week’s Property Podcast over on Facebook, Twitter or Instagram. You might even have a topic 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 brand new YouTube channelwhere 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

So many people in property investments see themselves as experts and that extends to mortgages.

0:09.0

There are a lot of beliefs out there. You can do this or you can't do that. Well you know what? A lot of it is

0:14.8

rubbish and there are myths out there that need busting so in this week's

0:18.8

episode on the Property Podcast we're going to put to bed some of those myths.

0:23.0

Welcome to the property podcast where every week property investors come together to be informed and inspired.

0:35.1

And today our good friend Dave Cooks in it here to bust some mortgage myths.

0:40.0

So Rob, we're on theme this week because our news stories are mortgage related.

0:44.8

But rightly so, two very different stories.

0:47.6

The second one actually sees that is the more interesting one for me.

0:51.9

But let's start with some good news for

0:53.8

expats because we know there are lots of expats who listen to this show and the

0:57.5

good news is mortgage options for expats are continuing to improve. Very much so.

1:02.3

Expats ignored for such a long time. are continuing to improve. Very much so.

1:02.6

Expat's ignored for such a long time.

1:04.8

I guess lenders think, wow, they've got the sunshine,

1:06.9

they've probably got a nice tax treatment as well.

1:08.8

They don't need good access to mortgages.

1:10.6

They're having a good enough time already.

1:12.3

But luckily that is now shifting. In a big way

1:14.9

we're seeing lots more products at much better rates and new lenders coming into the market as well. So this story is that a lender called the mortgage lender that's

1:23.2

TML has introduced an expat by to let range for the first time and the rates and

1:28.3

fees look pretty decent as well. We're seeing lenders do this because there's so much competition in the personal

...

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