Rates WILL fall again + how to benefit from this

The Property Nomads Podcast

Rob discusses the potential for the Bank of England to lower interest rates in the upcoming meetings on November 7th and December 19th. Reflecting on previous predictions, he acknowledges the conflict between economic theory and property market realities, emphasising that while interest rates should ideally rise to combat inflation, a decrease could present opportunities for property investors.

KEY TAKEAWAYS

• There is a belief that the Bank of England will lower interest rates in the upcoming meetings on November 7 and December 19, despite the ongoing battle with inflation.
• A decrease in interest rates is expected to lead to lower mortgage rates, presenting an opportunity for individuals to lock in long-term fixed deals.
• Lowering interest rates could exacerbate inflation, potentially leading to a cycle where inflation spikes again, prompting the Bank to raise rates in the future.
• Factors such as government spending and global conflicts can contribute to inflation, affecting prices across various sectors, including oil, which has a broad impact on the economy.
• It is recommended for property investors to consult with mortgage brokers to understand the implications of changing interest rates and to strategise for their portfolios accordingly.

BEST MOMENTS

"The Bank of England base rate is currently at 5%, but they have two meetings left this year... I believe they will lower rates again."

"Should those rates go lower, then the knock-on effect is that mortgage rates will likely come down."

"What creates inflation? Well, a lot of government spending on incorrect things creates inflation."

"Should interest rates go down... to me, that's a wrong move. That's not a good move economically."

"Doing the right moves at the right time will have very good implications for your portfolio moving forward."

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