Mortgage Bulletin For Dentists with Sarah Grace [CPD Available]

Get your free verifiable CPD for this episode here >>>  https://www.dentistswhoinvest.com/videos/mortgage-bulletin-for-dentists-with-sarah-grace ——————————————————————— The mortgage landscape for UK dentists is shifting dramatically in 2024. Sarah Grace, a specialist mortgage broker to dental professionals, breaks down what you need to know right now about your most significant financial commitment. The recent Bank of England decision to hold interest rates at 4.5% signals caution amid ongoing economic concerns. Sarah explains why experts anticipate possible rate reductions around August, potentially reaching 4% by year-end, while clarifying the crucial distinction between Bank of England decisions and the swap rates that determine fixed mortgage costs. For many dental professionals, this year brings significant financial adjustments as the "bumper year" for fixed-rate expirations continues. If you"re transitioning from a low fixed rate secured years ago, prepare for potential payment increases as rates have climbed substantially. Sarah guides us through practical considerations and timing strategies to minimize financial impact during this transition. Perhaps most urgently, first-time buyers face a critical April 1st deadline when stamp duty thresholds revert to £300,000. This represents a substantial financial hit for dental professionals purchasing above this price point - with one client potentially facing an additional £11,000 tax bill if missing the March deadline. Understanding these imminent changes is essential whether you"re refinancing, buying your first practice property, or expanding your portfolio. Are you making the most informed decisions about your mortgage? Listen now, and don"t forget to claim your free verifiable CPD by completing the short questionnaire through the link in our description! ——————————————————————— Disclaimer: All content on this channel is for education purposes only and does not constitute an investment recommendation or individual financial advice. For that, you should speak to a regulated, independent professional. The value of investments and the income from them can go down as well as up, so you may get back less than you invest. The views expressed on this channel may no longer be current. The information provided is not a personal recommendation for any particular investment. Tax treatment depends on individual circumstances and all tax rules may change in the future. If you are unsure about the suitability of an investment, you should speak to a regulated, independent professional. Send us a text