What podcasts say about Anthony Emerson
Every statement, with the speaker, the exact quote and the moment it was said.
What Anthony Emerson has said on podcasts
21 statements · 10 positive · 10 negative · 1 neutral
Lenders are repricing mortgages frequently because SONIA swap rates are volatile.
“We have lenders repricing sometimes once or even possibly twice a week because the Sonya swap rates are changing quite dramatically.”
Open the episode · What to Do If Your Mortgage Rate JumpsListen at 4:41
The Iran-related oil crisis has sharply changed swap rates and gilt yields, raising fixed mortgage rates.
“the oil crisis that kicked off as part of the iranian war has caused a lot of the the sort of swap rate market and the gilts which really derives fixed rate mortgages in particular to change quite dramatically.”
Open the episode · What to Do If Your Mortgage Rate JumpsListen at 5:10
Average borrowers are receiving mortgage rates below the headline average rates.
“The average person on the street is still getting considerably better rates than that.”
Open the episode · What to Do If Your Mortgage Rate JumpsListen at 5:56
Five-percent-deposit mortgages start at approximately 5.74–5.75%.
“At 95% loan-to-value, where you're only putting down a 5% deposit, interest rates are currently starting at around about 5.74, 5.75.”
Open the episode · What to Do If Your Mortgage Rate JumpsListen at 7:44
Some lenders offer first-time buyers mortgages of 5.5 to six times income.
“lending five and a half sometimes even six times your income now”
Open the episode · What to Do If Your Mortgage Rate JumpsListen at 8:51
Borrowing above five times income creates excessive affordability strain.
“Once you go beyond five times your income, you're starting to sort of stretch things a little bit too thin.”
Open the episode · What to Do If Your Mortgage Rate JumpsListen at 8:56
The flat market may be nearing its bottom, warranting calculations by first-time buyers.
“we are nearing that point. And it might be worth those first time buyers actually doing that calculation and seeing whether or not we can facilitate what they need.”
Open the episode · What to Do If Your Mortgage Rate JumpsListen at 11:35
The flat market currently has more supply than demand.
“we have more flats on the market than we have buyers for them at the moment.”
Open the episode · What to Do If Your Mortgage Rate JumpsListen at 13:45
Recent flat buyers may fail to recover their purchase price.
“those who bought these properties in the last sort of five years are possibly looking at not quite getting their money back.”
Open the episode · What to Do If Your Mortgage Rate JumpsListen at 14:22
Flat buyers should scrutinize ground rent and service charges because they can be extremely high and persistent.
“the ground rent and service charge is two of your biggest things that you need to look out for some of them can be relatively astronomical and they never ever go down”
Open the episode · What to Do If Your Mortgage Rate JumpsListen at 20:16
Lack of confidence in the UK government has depressed the prime property market.
“the very top end of the market has been hit by a lack of confidence in the direction of travel of the UK government.”
Open the episode · What to Do If Your Mortgage Rate JumpsListen at 21:27
Homeowners facing refinancing should not panic.
“don't panic.”
Open the episode · What to Do If Your Mortgage Rate JumpsListen at 22:44
Extending a mortgage term can reduce monthly payments and mitigate payment shock.
“we can possibly extend the mortgage term, which would then allow that client to have a longer period to pay it back, which would make your monthly premiums lower.”
Open the episode · What to Do If Your Mortgage Rate JumpsListen at 23:03
Capital-repayment mortgages produce less payment shock than interest-only mortgages.
“People who are on a capital repayment mortgage are seeing a much lower payment shock”
Open the episode · What to Do If Your Mortgage Rate JumpsListen at 24:04
Borrowers should contact a mortgage broker about six and a half months before refinancing.
“Around about six and a half months out, start having the conversation with your mortgage broker”
Open the episode · What to Do If Your Mortgage Rate JumpsListen at 31:08
Borrowers should secure a remortgage offer early as protection against higher rates.
“Grab something now. Put it in the back pocket. Safe and secure so that you know what you are going to pay.”
Open the episode · What to Do If Your Mortgage Rate JumpsListen at 31:40
Tracker mortgages are currently priced about three Bank Rate rises below comparable two-year fixes.
“a tracker rate now, has three Bank of England base rate rises available within it until you get to the point where you are starting to match the available two-year fixed bank.”
Open the episode · What to Do If Your Mortgage Rate JumpsListen at 33:05
Tracker mortgage costs may rise beyond three Bank Rate increases.
“trackers are more risky because it might not stop at three Bank of England base rate rises, it might continue beyond that.”
Open the episode · What to Do If Your Mortgage Rate JumpsListen at 33:27
The proposed new-build-only policy would benefit developers and stimulate construction.
“It's really good for developers. It's really good to try and get Britain building again.”
Open the episode · What to Do If Your Mortgage Rate JumpsListen at 36:39
A 2.5% deposit leaves buyers vulnerable to negative equity after small price declines.
“Because two and a half percent is very, very small change in the property price for you to effectively fall into negative equity.”
Open the episode · What to Do If Your Mortgage Rate JumpsListen at 38:56
The government-backed product should cover new-build and existing homes, not only developers.
“It would be nice if that product was available for both new build and for second-hand homes so that we can get the whole market moving and not just doing it to benefit one person in particular, which is the developer.”
Open the episode · What to Do If Your Mortgage Rate JumpsListen at 39:42
Statements are attributed to the speaker as said on the episode and reflect their view at the time, not PodLume's. They are not advice.