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Podcast: The Property Nomads Podcast
Episode: High Street Lenders Reducing Rates and 1 BIG RED FLAG - with Marc Champ
Description: Rob is joined once more by Mark Champ of Wharf Financial to discuss the current state of the property market, including the impact of the Bank of England base rate increase and the reduction of mortgage rates by some lenders. Mark shares that developers are cautious and looking to reduce land prices, while vendors are resistant. They also touch on the potential negative impact of global events, such as the situation in China, and the need for investors to be creative and take calculated risks. KEY TAKEAWAYS Developers are becoming more cautious and looking to reduce t...