Should You Remortgage Now Or Wait

In this property education video, Simon Zutshi, author of Property Magic, founder of the property investors network (pin), and successful property investor since 1995 discusses Should You Remortgage Now Or Wait when it comes to your UK Property Investing. 

With Interest Rates On the Rise Again, Should You Remortgage Now Or Wait Until 2024 is currently the question on a lot of people’s minds when it comes to the Housing Market 2023. Now that the Bank of England Raises Interest Rate to 4%, those with a Variable Rate Mortgage are especially concerned about whether they should Remortgage Now Or Wait. 

Simon stresses that whilst he is not qualified to provide Financial Advice for the UK Property Market, he can still educate you and get you thinking about seeking the correct advice for you. He begins by comparing a Variable vs Fixed Rate Mortgage, and talks through Should You Take a Fixed or Variable Mortgage? 

He highlights how he educated Property Investors to consider remortgaging to Fixed Interest Rates in mid 2022 on his YouTube channel and Property Magic Podcast, hence why you should subscribe to his channel and hit the bell icon, in order to be notified of further changes in the 2023 Property Market.  

 With regard to the question of Should I Fix for 2 Or 5 Years, Simon emphasizes how historically he has always opt-ed for 5 years, yet due to his Property Market Prediction he is now fixing for just two years because believes that interest rates will come down.  

 It is also important to consider whether or not you will experience negative Cash Flow with Interest Rates Rising, this is contrary to Rule No 3 of his Golden Rules of Property Investing which is ‘Only Invest in Property That Makes You High Cash Flow’. 

To summarize, 2023 is still going to be an incredible time for you to find Great Property Deals as long as you educate yourself with the right Property Training and take action. Don’t miss out on the best property buying opportunity of the Decade.