What do higher interest rates mean for the housing market?
- The UK base rate continues to increase, but mortgage rates are nearly peaking.
- The impact of higher mortgage rates on demand and house prices is not uniform across the country
https://t.co/T3GiMxCmNp
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“The real test is not whether you avoid this failure, because you won’t. It’s whether you let it harden or shame you into inaction, or whether you learn from it; whether you choose to persevere.” – Barack Obama
#inspirationalquotes#propertyinvestor#BarackObama#cra_property
UK HPI summary: May 2023
Summary
Average property price: £285,861
Annual price change: 1.9% (Apr 3.2%)
House price strongest inflation: North East
House price lowest inflation (in England): East of England
June UK HPI will be published on 16th Aug 2023.
https://t.co/C6Dl0u5FWZ
A good accountant isn’t just someone who can keep your books in order & file your returns on time. A good accountant is someone who can help you run your business in the most tax-efficient manner, maximising your profits. Know the worth of your power team.
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Ensure you are clear on what you are achieving from a particular deal & then make sure your broker is an expert so they understand which product is best for that particular strategy.
So many people lose money by having the wrong broker and therefore the wrong deal.
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