UK mortgage market update with

Payam from Niche Advice joins me the rising Bank of England base rate and the impact it is having on the mortgage and housing market. We look at current mortgage rates at various loan-to-value (LTV) ratios and compare to 6 weeks ago. He gives his thoughts on the Bank of England removing the requirement for lenders to stress test borrowers' affordability at 3% over the initial interest rate. We also cover the UK Finance's announcement that 6 lenders have agreed to offer mortgages on buildings with fire safety defects. Payam ends our chat by providing tips to first-time buyers, home movers and homeowners remortgaging for how best to operate in current mortgage market.

CONTACT DETAILS
Email: [email protected]
Instagram: @SelfInvested_UK
Twitter: @InvestedSelf

LINKS MENTIONED/USED
Niche Advice Limited -    / nicheadvicecouk  
Mortgages for buildings affected by cladding crisis - https://www.telegraph.co.uk/property/...

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CHAPTERS
Intro 00:00
Who is Payam and Niche Advice? 02:15
Bank of England base rate 05:53
Mortgage rate examples 16:37
Mortgage and housing market update 20:40
Bank of England stress test 29:42
Mortgages for cladding crisis 34:53
Tips for current market 42:14
Outro 50:02

ABOUT ME
I'm Lemuel. I'm not a financial advisor. I'm not an expert. I'm just a regular guy that enjoys talking about how we can do better with money.
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DISCLAIMER
This video is not meant to address the specific circumstances of any particular individual. It is created for educational purposes only. You should not rely upon it as legal, financial or professional advice, or a substitute for it. I do not accept any liability whatsoever for errors, omissions or misstatements contained therein. You should consult a suitably qualified professional if you require specific advice or information.