UK mortgage rates: What should you do?

Whether it’s for your own home or an investment property, everyone is worried about the mortgage market right now.

Will mortgage rates come back down or go higher? Should you fix right now?

Hit play now to find out, and to learn what Rob is doing as well!

#propertymarket #mortgagerates #mortgagemarket

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We’d love to hear what you think in the comments below. You might even have a topic you’d like us to cover in the future - if so, comment it below.

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[vikkibaptie]

Rob the draws behind you kind of make it look like you’re sat on the loo 🚽 😅

[pccorner]

For those who are looking at their fixed agreement ending in the next 6 months or so then the solution is easy…….find the best 2 year fixed deal you can, increase the term of the mortgage (I know not everyone can do this but most can) by about an extra 2-3 years which will lower the monthly payment roughly back to what you’re currently paying. Sit tight for the next 2 years and once the dust has settled remortgage again only this time knock the extended period back off.

[tonypeirson]

I have always gone the fixed-rate route. This time I went with a tracker product which as the name suggests tracks the base rate minus a certain percentage. I'm with The Mortgage Works and my monthly buy-to-let mortgage has only gone up about £30 a for now!!

[jamesakerman]

Base rate now at 4.5% with another 3 rate hikes predicted this year. Best advice on this video was to fix if you want certainty. Unfortunately its now probably too late as inflation is still rising. I'm guessing the rates are going to stay high as inflation will be sticky.

[gabrieladobre]

Great information; free, short and sweet. Value all the way. Thank you Rob.

[EagleAirsoft]

Did you say you had a companion video with regards house pricing. It’s gone up to 3 now, yet house pricing is still the same as it was a month ago when I could afford 70k more than I can today.

[LoveLearningInDorset]

Really appreciate your calm mindset/vibe! Cheers!

[stevep]

House prices have already fallen 50% and I will tell you why. To buy a £250, 000 with a 10% deposit, 2.4% fix would have cost you a total £324, 000 to pay back or £996 a month. Now it will cost you a total£489, 000 (£1547 a month at 6.7% and you would find it impossible to even get such a mortgage. Payments have gone up 50% and you will pay over a third more for your house - cash is king. If valuers do not value houses at least 33% less then the estate agents are conning buyers.

[DavidMcCartney]

Thanks for the continuing advice given through difficult times Rob. Also enjoyed the fact you filmed this video on the toilet 😃

[psg]

One of the things you aren’t factoring in is a base rate increase of 1% has historically resulted in a 10% reduction in house price. A 3% increase has historically resulted in 25% reduction in house price. These reductions take a long time to manifest - house prices bottomed 18 months after the GFC. Moreover, it’s different this time as the rules of the game have changed - how do you think they will get to “You’ll own nothing”? It’s been a 30 year setup, and this is the rug pull.

[fugaspapa]

By best channel for great property information. I have read your book as well which is a great read! Simple and straightforward as your channel.

[thetiesareoffpodcast]

Awesome insightful video, thank you - keep them coming :)

[joebrackenborough]

Problem I have is nationwide variable is more than it 10 year fixed. It's 4.84 which is the lowes test on the market. Also I've found nationwide not to fluctuate as much. I'm wondering to fix and pay maximum extra each year to lower it to a more affordable rate. Or do I do nothing and pay more each month on variable till I know.

[davidabbs]

I'm following your logic at present let's hope it's sound!

[sebluketravis]

Who needs Martin Lewis when you have this guy, absolutely brilliant advice.

[gjl]

Very good information and simple to understand, good job Rob D 👍

[StrykerGamingOfficial]

I can't even remortgage my buy to let, I'm being quoted 8.5% interest rate for 5 years fixed😫😫

[tochukwunjoku]

Sorry to be nosy but are you related to Martin Lewis? the famous guy who talks about money on ITV good morning Britain.

[marditoon]

Hi there. This may come across really dumb but I need an explanation please on this query. If I buy a property for £270000 and put a 15% deposit down. Why is not the Mortgage calculation 270000k x 6%÷ 30 = the amount you pay a year. When I do this equation with any mortgage calculator, I get over double of this. Is there anything I missing or not adding into this. Any help would be much appreciated? Thanks

[Kiet]

Why is the audio so low compared to other videos?