Should You Wait for Mortgage Rates to Go down before Buying a House?

property investors network Podcast

On today's podcast, Mark invites Hugh Spillane from DNA Financial Solutions to discuss interest and mortgage rates.
The big question is when will the rates go down? Hugh Spillane estimates that they will drop from 7% to 4-3% over the next 12 months. He also mentions that the base rate would stay at 5% for 12-15 months.
Hugh advises that there is not going to be a crash, but things are going to get much harder, and everyone needs to be prepared for that.
When trying to find a strategy, he suggests looking at what won't work first to narrow down the options. Don't be frightened by the rates now because it is probably the best time to buy.
To find the best investment property, don't just go for the one closest to you, as it might not be a good deal. Instead, widen your search radius and consider the options that are on display. Speak to a few different brokers and connect with whoever can contribute best to your power team!
VALUABLE RESOURCES:

• Visit www.pinFurtherLearning.co.uk to explore the complimentary training sessions and resources we provide to assist you in generating a sustainable income through property.
• Join our FREE pin Community Facebook group to meet other like-minded property investors and potential Joint Venture Partners.
• Attend your first property investors network (pin) Meeting for free by using the voucher code "BUZZ"

CONNECT WITH US:

Facebook: https://www.facebook.com/propertyinvestorsnetworkuk
LinkedIn: https://www.linkedin.com/company/property-investors-network
YouTube: https://www.youtube.com/c/propertyinvestorsnetwork
Twitter: https://twitter.com/pin_uk/
Instagram: https://www.instagram.com/propertyinvestorsnetworkuk/
TikTok: https://www.tiktok.com/@propertyinvestorsnetwork