BREAKING | Bank of England CUTS RATES to 5% | Simon Zutshi
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The Bank of England has finally announced an Interest Rate Cut for the first time since 2020. The new Monetary Policy Report allows for the BoE to reach its target of 2% Inflation, hopefully stimulating the Property Market altogether. Will Property Investors jump at these new reduced rates or wait until they come down further?
Property Expert, Simon Zutshi, addresses all the changes he has experienced with the Bank of England Interest Rates. From the Credit Crunch in 2007 to the introduction of Section 24 in 2015, he moves on to explaining the impact of Covid 19 on Inflation.
With banks typically utilising UK Interest Rates as a Macroeconomic tool to control Inflation, witnessing Rising Interest Rates was only expected.
Despite loads of Landlords Selling Up and solely focusing on the current BOE Interest Rate, Simon stresses how there are still loads of great Property Deals you can achieve within the current Housing Market.
Whilst today’s Monetary Policy Summary might be a surprise to some people, and others may have expected it, there is still the expectation that there will be future Interest Rate Cuts.
Following the Bank of England Interest Rates Decision and the pay rises for Junior Doctors in the pipeline, will the Labour government face pressure from other parts of the economy? Will this have a major knock on effect with Inflation?
Why is Now the Best Time to Invest in Property? There are plenty of sellers right now who want to get rid of their properties, and need an overall solution, an investor like yourself can help with this.
Attend your first property investor network (pin) meeting for FREE and learn from other successful investors in your area. Visit http://www.pinmeeting.co.uk, select your location, and enter the voucher code "YOUTUBE".
Chapters:
00:00:00 - Bank of England CUTS RATES to 5% Intro
00:01:15 - Property Investing Background
00:01:44 - Changes to Interest Rates
00:02:43 - Introduction of Section 24
00:03:52 - Rising Interest Rates
00:04:25 - Landlords Selling Up Their Property
00:05:00 - High Cash Flow Strategies e.g. HMO's & Short Term Lets
00:05:58 - What's Going to Happen Later On?
00:06:48 - Labour Government & Pay Rises
00:07:35 - Why Right Now Is the Best Time to Invest?
00:08:40 - Upcoming Video
00:08:57 - property investor network Meetings (pin Meetings)
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