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Monthly Mortgage Update And Market News
Manage episode 413818594 series 3504934
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Welcome to today's episode of the podcast, where Mark has arranged a special treat for us all. We're joined by Jonny Dunn from DNA Financial Solutions, who will be providing us with a comprehensive market update.
Jonny begins by shedding light on a critical aspect of the current economic landscape: inflation. He reveals that inflation rates have recently experienced a notable decline, dropping from 3.8% to 3.2%.
Moreover, Jonny shares essential insights into the intricacies of property financing. He emphasizes the importance of ensuring that your lender permits the specific services you intend to undertake on your property.
He also mentions the significance of thoroughly reviewing the terms and conditions provided by your lender, ensuring that any allowances for property services are explicitly outlined. Failure to do so, Jonny warns, could potentially result in severe consequences, including hefty fines and the risk of property repossession.
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