PROPERTY: Lender Security +Bridging Applications Down With Marc Champ of Wharf Financial
In this episode, Rob once again sits down with Marc Champ of Wharf Financial to discuss the current economic climate. In particular, how what is happening is likely to impact property owners and investors.
The Property Nomads Podcast · Rob Smallbone & Aaron Devoy
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Show Notes
In this episode, Rob once again sits down with Marc Champ of Wharf Financial to discuss the current economic climate. In particular, how what is happening is likely to impact property owners and investors.
KEY TAKEAWAYS
- Rising rates and inflation are starting to make lenders think twice about lending.
- Interest in commercial property is growing fast.
- There have been 50% fewer bridging loan applications in Q1, than expected.
- In London, first time leases for businesses have increased drastically. Marc explains what that means for the market.
- You now need to be especially careful about who you borrow from.
- Valuers are challenging more things lately, so make sure that you do your due diligence.
BEST MOMENTS
‘Rates have gone up, inflation has gone up and lenders are becoming a bit more wobbly.’
‘Increasingly people are realising that they are on a variable rate and they want to refinance.’
‘People are sitting on their hands.’
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
Marc Champ @ Wharf Financial
E-mail = [email protected]
Phone = 0208 895 6677
Social Media = @wharffinancials
Website = https://www.wharffinancial.co.uk
Money Weekly = https://moneyweek.com/
Donations for Wharf Financial charity cycle challenge: https://www.justgiving.com/fundraising/wharffinancialn2challenge
BOOKS
Buy To Let: How to Get Started = https://amzn.to/3genjle
101 Top Property Tips = https://amzn.to/2NxuAQL
Property FAQs =https://amzn.to/3MWfcL4
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