Mortgage Madness and Supply Chain Issues - with Marc Champ of Wharf Financial
Marc Champ of Wharf Financial joins Rob to discuss the current chaos in the mortgage sector, and how a significant drop in stock has caused a marked injury to the investing market.
The Property Nomads Podcast · Rob Smallbone & Aaron Devoy
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Show Notes
Marc Champ of Wharf Financial joins Rob to discuss the current chaos in the mortgage sector, and how a significant drop in stock has caused a marked injury to the investing market.
KEY TAKEAWAYS
- Property finance enquiries have dropped significantly, and the queries that are being made seem to be tentative ones. Rates have gone up, and exiting to a longer term deal is far more difficult.
- Businesses are being squeezed and are in search of new cashflow streams. The issues come from companies demanding longer payment terms - a gap that needs to be funded.
- When rates are increased, the benefits are often not seen or felt for as long as twelve months. They are following modern monetary theory, meaning to tame inflation, but largely this is ineffectual.
BEST MOMENTS
'Trading business gives a different perspective on the market'
'The quality of enquiry has gone down'
'There will likely be another base rate increase'
VALUABLE RESOURCES
https://progressivesuccess.online/podcast-summit-june-2023/AMB4692
Marc Champ @ Wharf Financial
E-mail = [email protected]
Phone = 0208 895 6677
Social Media = @wharffinancials
Website = https://www.wharffinancial.co.uk
https://linktr.ee/wharffinancials
PODCAST DESCRIPTION
Property Nomads brings property and all things currency, money and macro straight to you. All with a no-nonsense attitude!
PROPERTY BOOKS
Property FAQs = https://amzn.to/3MWfcL4
Buy To Let: How To Get Started = https://amzn.to/3genjle
101 Top Property Tips = https://amzn.to/2NxuAQL
WHERE TO FIND US = https://linktr.ee/thepropertynomadspodcast
SOVEREIGN MAN PREMIUM INTELLIGENCE MEMBERSHIP = https://dash.sovereignman.com/a/smc12m995/tpnpodcast
SOVEREIGN MAN 4th PILLAR = https://dash.sovereignman.com/a/4pmain/tpnpodcast
ABOUT THE HOST
Rob Smallbone is the author of the Amazon best-seller Buy-To-Let: How To Get Started as well as 101 Top Property Tips and Property FAQ’s.