Could your interest rate go to 14% within 2 years?
Brett Alegre-WoodChairman, YPC Group
Hey guys,
It's highly unlikely, despite the attention grabbing headline, that your interest rate will be 14% in 2 years. I'll explain exactly why this isn't going to happen but more importantly why you need to consider and provide for your future cash flow.
Why new build property will continue to flourish - we'll look at the growing scarcity of new build properties across the UK and how this will play into the hands of savvy property investors; propping up prices in the medium and long-term.
Bovis homes despite predicting a shaky recovery has seen a return to profit. They are one of the many developers that are helping our investors bag a bargain through offering hugely discounted property sometimes up to 50-60% off 2007 prices.
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Is a low rate really costing you the earth?
There's a lot in the papers about the costs associated with mortgages and why a low rate might not turn out in your best interests. We'll look at my favourite mortgage: the lifetime tracker.
Are the Aussies following in the UK's footsteps?
Finally, a story from my home country as Australia joins the UK in their hung parliament election results. It's bad news for short-term stability but great news for the principles of democracy.
As always the team are on hand to answer your questions, call them on 0207 812 1255 or directly on their mobiles.
Live with Passion,
Brett Alegre-Wood
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