Monthly Mortgage Update and Latest Finance News 2024

property investors network Podcast

In today's episode, Mark is joined by special guest Jonny Dunn, an expert in the mortgage market, who will be discussing the latest updates and trends.
Jonny provides invaluable insights into the current mortgage landscape, particularly for first-time investors interested in HMOs. He explains why most lenders recommend starting with a standard buy-to-let mortgage before considering HMOs.
The discussion also covers the current rates, noting that lenders are charging around 7% for a 75% loan-to-value mortgage. Jonny emphasises the importance of consulting with a mortgage specialist before making any decisions. Even if you feel confident, it's crucial to double-check with a specialist to ensure you're making the right financial choice.
Additionally, Jonny advises against relying solely on historical data, trends, or opinions. The mortgage market is highly dynamic, and it's essential to base your decisions on the most current information available. Fresh data is key, as rates and conditions can change rapidly.

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