TPP558: Mortgage Market: Update and 2024 Predictions

The Property Podcast

Rob Bence & Rob Dix

News, Education, Business, Investing, Business News

4.8 • 2K Ratings

🗓️ 23 November 2023

⏱️ 18 minutes

🔗️ Recording | iTunes | RSS

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Summary

Trying to wrap your head around the mortgage market is no easy feat right now, so we’re joined by a mortgage expert - Kelly Rule - who breaks down what’s happening right now and what she predicts for 2024. (0:52) News story of the week (2:50) What’s going on in the mortgage market? (4:24) How is this affecting products? (4:52) Is there more activity in the market right now? (5:16) Are lenders making it easy to borrow? (5:40) What kind of rates can we expect right now? (6:59) Are we going to keep seeing high product fees? (7:38) Should you get a 2-year or 5-year fix? (8:07) Are there any products you should be looking out for? (10:34) What’s going to happen with the base rate in 2024? (11:35) Any mortgage trends on the horizon for 2024? (12:50) Will more people will switch to variable rates next year? (13:30) Will 2024 be a better year for mortgages? (15:07) Hub Extra Links mentioned: Landlords are leaving. Should we care? Temu Enjoy the show? Leave us a review on Apple Podcasts - it really helps others find us! Sign up for our free weekly newsletter, Property Pulse See omnystudio.com/listener for privacy information.

Transcript

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0:00.0	Hey everyone it's Rob B here with Rob D and you are listening to the
0:05.5	Property Podcast this week we have a special guest on the show who will bring us up to
0:10.6	speed with what is happening in the market, but better still give us predictions for
0:16.1	what is going to happen in 2024. Let's see. Welcome to the Property Podcast,
0:26.2	to the Property Podcast. Thank you for joining us.
0:29.0	This is the show where we take some of what we've learned on the front lines of property doing a
0:33.2	for more than a decade now and bring it your way for free and we like to bring in
0:36.7	experts to help us as well which is what we're doing today and let's be honest I
0:40.2	think we all would have liked a bit of foresight about the mortgage market going
0:43.4	into this year so let's see if we can make that a reality going into 2024 and do stick
0:48.1	around to the end for Hub Extra where we've got one website to source out all your
0:51.7	Christmas gifts.
0:53.2	So it's time for our new story of the week now and the headline of this story reads,
0:57.6	UK Landlord Selloff slows, defying highs rates in 15 years.
1:03.7	So Rob, you've recently put together a YouTube video
1:06.1	on this very subject.
1:07.6	And if you've not watched that yet,
1:08.7	head over to YouTube.
1:09.6	It's Property Hub, UK.
1:11.0	Make sure you subscribe,
1:11.8	because there's loads of good stuff over there but Rob as you've
1:14.1	recorded a video on this very subject and we've got an update on this which UK landlords are not selling
	...

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