November Property Market, Cheaper Bridging + Mortgages - with Marc Champ of Wharf Financial
In this episode, Rob is joined by Marc Champ the managing director of Wharf Financial.
The Property Nomads Podcast · Rob Smallbone & Aaron Devoy
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Show Notes
In this episode, Rob is joined by Marc Champ the managing director of Wharf Financial. A brokerage firm that won an award in 2021 in the bridging commercial sector. He is going to be a regular guest on the podcast and will be contributing to Rob´s new book.
They talk about how property entrepreneurs can secure finance in the current climate. Discussing the potential rate rises; the impact inflation has on property deals, bridging loans and other specialist mortgage products. As well as how you can get lower rates by applying for green mortgages. Marc also talks about long-term wealth management for property entrepreneurs.
KEY TAKEAWAYS
- Marc Champ will be sharing his property financing and wealth management knowledge on the podcast, each month.
- Inflation is the key to whether interest rates will actually rise.
- When working out if a project is viable you have to be realistic about inflation. For example, factoring in the rising cost of labour and materials.
- The fact that you can potentially leverage a property investment makes it attractive. But it has to be the right deal.
- Bridging rates have fallen over the past 2 years as new lenders enter the market.
- Some specialist lenders have also dropped their rates because there is a lot of competition in that market.
- It is now possible to leverage your EPC rating to reduce the rate you pay with some lenders. How that can be done is discussed in the podcast.
- The amount of money a client saves using a broker usually more than covers the fee.
- Brokers introduce their clients to the professionals they need to grow a business.
- They also offer broader financial advice. He shares some examples in the podcast.
BEST MOMENTS
‘You need a broker to get your deal done.’
‘Everything screams opportunity to me.’
‘A broker is the hub in the centre of the wheel ….’
‘You need to think about the bigger (financial) picture, for each deal you do.’
ABOUT THE HOST
Rob Smallbone the host of The Property Nomads Podcast, is on a global mission to guide your success. Success can happen in many ways, shapes, and forms. Think about what success means to you. More properties? More clients? Financial freedom? Time freedom?
Rob wants to make a huge difference to people around the world. He is here to guide your success in property, business, and life and to inspire you to achieve your goals, dreams, and visions. He's travelled, explored, and invested. And he's not planning on stopping these activities anytime soon.
Buckle up, sit tight, and enjoy the ride that is life.
EPISODE RESOURCES AND BOOK RECOMMENDATIONS
Marc Champ @ Wharf Financial
E-mail = [email protected]
Phone = 0208 895 6677
Social Media = @wharffinancials
Website = https://www.wharffinancial.co.uk
Jewish Trade Expo - https://www.jtrade.co.uk/
The Bitcoin Standard - https://www.amazon.co.uk/Bitcoin-Standard-Decentralized-Alternative-Central-ebook/dp/B07BPM3GZQ
How to Own the World by Andrew Craig - https://www.amazon.co.uk/How-Own-World-Thinking-Investing/dp/B07KJZ7VBH/
The Naked Trader - https://www.amazon.co.uk/Naked-Trader-5th-Anyone-Trading/dp/B07ZDFTLKJ
BOOKS
Buy To Let: How to Get Started = https://amzn.to/3genjle
101 Top Property Tips = https://amzn.to/2NxuAQL
WEBSITE
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PODCAST
The Property Nomads Podcast:
I-Tunes = apple.co/3bHNn5G
Stitcher = bit.ly/3cFQVqe
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