UK mortgage market update with

[@Nicheadvice]

Thank you so much for having me on your channel please stay in touch.

[@SelfInvested]

Of course!! Thank you for agreeing to do it and for being patient through all the technical issues!

[@crimsonbride]

Omg I love niche advice!! What a great collab

[@clkasozi2954]

Great discussion gents...instantly subscribed to Niche! keep up the good work Self Invested!

[@SelfInvested]

Thank you! Glad you enjoyed it ;) He’s got some great content!

[@frasera9]

Excellent show and information! As usual @Niche Advice Limited top of his game with some excellent advice. In my personal opinion buying a house is too much of a huge purchase to risk not using a good broker.

[@SelfInvested]

Thank you! Yes, Payam was a great guest!

[@dtek1832]

Great interview! Love this dude

[@SelfInvested]

Thanks D! Yh, he’s a great guy to have on

[@RemyOye]

Very useful

[@SelfInvested]

Glad to hear it :) Thank you for watching!

[@indiebloom2425]

Informative as always! 👌

[@SelfInvested]

Thank you! 🙏🏿

[@cookiejar01]

Nice jumper!!

[@SelfInvested]

Thank you 👍🏿 It’s from M&S 😉

[@ebenezermensah5835]

Payam is a great man. So honest and straightforward. I like the bit about the broker/developer relationships as this has happened to me. My credit is impaired but I’m on good wages and have deposited, my current offer extension expired due to the developer taking too long to complete and when I spoke to someone in the sales team who told me the broker manager came down to the site and they had a conversation about my completion and the fact it’s not looking likely. She then said “anyways you might get a better rate this time because your credit might be better”. I was totally confused as I’ve never had a conversation with them about my finances.

[@SelfInvested]

Thanks for watching, Ebenezer! Yh, that’s not great for trust and why it’s probably best to find your own broker and solicitor rather than recommendations from the sales team

[@anthonyfaucy2761]

Great interview. Can you make an interview with some shared ownership owners with how their rent and mortgage has increased especially since the last 2 years? Would be interesting how much costs increase and how unaffordable it gets from year to year

[@SelfInvested]

Thanks, Anthony! I've done quite a few interviews with shared owners (kzbin.info/aero/PLUG_SDz9gLQKqInQrRbCC21S4pZpp4JrN). Have you watched already?

[@anthonyfaucy2761]

@@SelfInvested Yeah those are great but an updated video showing how the recent cost of living crisis and the really high inflation and how it has affected shared ownership owners would be interesting

[@SelfInvested]

@@anthonyfaucy2761 I see what you mean. Yes, Shared Ownership rent increases with inflation (usually RPI + 0.5 - 2%) so that is worrying! I’ll see what I can do…

[@lukasrayzor]

What a joke it is that the higher deposit buyers virtually considered no different to the 95% ltv crowd interest rate wise 🙃 Feels like middle class getting scalped to cover for these small deposit holders… great talk though, love your style and love Payam too 👍

[@SelfInvested]

Thanks, Luke! I appreciate the love :) I think the lenders are just hedging their bets, as Payam says. I think things will need to settle before we see significant differences between 90% and 60% LTVs

[@learninglife3883]

My remortgage interest rate is 3.75 offered 2 weeks ago on a 90% mortgage do you think this is a good rate??

[@SelfInvested]

Are you working with a broker?

[@learninglife3883]

Yes its an offer on a 5 year fix but i just feel its a higher rate than expected

[@SelfInvested]

@@learninglife3883 Rates are higher at the moment and that rate sounds on market. If you want to have a look at what’s available, you can have a search on MSE’s website to get an idea for yourself: www.moneysavingexpert.com/mortgages/best-buys/ Sort by ‘MSE Total Cost’ and edit details to reflect your situation. Remember, this will only give you an indication of what’s available, it not always the most reliable. But if you see a product which you think is better, then you can share it with your broker and see what he thinks…

[@MrUsher1987]

Can we have a video on a possibility of a housing crash

[@SelfInvested]

Hopefully I’ll get to do a video on this soon, but here’s a great video from PensionCraft with his predictions: kzbin.info/www/bejne/mHvNfq1jnqmHnZo The UK housing price forecast is at 13:11