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Podcast: The Property Nomads Podcast
Episode: Rates Down + Then likely to go higher
Description: Rob discusses the recent decision by the Bank of England to lower the base rate, creating increased competition in the mortgage market. He explores the potential implications of further rate cuts on property investments, suggesting that locking in long-term deals could be beneficial in the face of potential inflation. From a non-property economic perspective, Rob expresses concerns about the impact of decreasing interest rates on inflation and the overall economy. KEY TAKEAWAYS The Bank of England reduced the base rate from 5.25% to 5%, leading to increased competition in the mortgage market. With potential future rate cuts, it m...