Episode 18 of “The property Den with Ken & Glen”
How can so much happen in the space of a week, you may have
taken ownership of your new dream home, you may have tied the knot with your soul mate, it may even be that the cry of a newborn baby is now your new morning alarm clock.
Or it may be that you have spent the week just waiting to
hear this weeks Podcast from Ken & Glen.
Well, the wait is over, get ready to have us tickle your
inner ear drums with our views on the markets and some witty banter plus some questions from our listeners.
What golden Nuggets and pearly wisdom await you:
The Bank of England Raised the base rate, so we get into this and our thoughts on where this may lead.
We also discuss in some detail the new Mortgage Charter
The Charter was signed by lenders accounting for 75% of UK mortgage lending, and at the last review it was up to 85%.
Starting from June 26th, no borrower will be forcefully evicted from their home without consent unless under exceptional circumstances.
As we have seen with many lenders customers nearing the end of a fixed-rate deal will be given the opportunity to secure a new deal up to
six months in advance.
The option to move to an interest only option for a period of six months is also covered and the pros and cons are reviewed.
We then discuss an interesting Article from the Tony Blair Institute for Global Change who are suggesting that the UK needs long-term fixed
rate mortgages to offset interest rate shocks.
In the UK, however, such products are scarce, what do we think of this and is it practical?
We dive then straight into the questions section:
And just like that another Episode of The Property Den ends.
So once again until next week
“Its Goodbye from Ken & Goodbye from Glen”
Goodbye !!
