Everyone seems to be talking about interest rates at the moment – will they rise? When will they rise? And what can we do about it?

So this week we discussed how worried you should be about interest rates over the coming years, and what you can do now to protect your cashflow if borrowing does get more expensive.

We shared five ways to be prepared:

  • Build up your cash in the bank
  • Stress test your portfolio (find the breakeven interest rate)
  • Sell a property
  • Add value to a property
  • Find ways to increase your revenues

At heart, it’s about not being overly worried about not being complacent either – your property portfolio is a business, and like any business you should always be looking for ways to increase your profits and strengthen your future financial position.

Resource of the week

If your new year’s resolution is to learn a language, Rob D recommends Duolingo.

It’s a website and free app that lets you take bitesize foreign language lessons whenever you’ve got a spare five minutes. Rob’s been learning Spanish for a few months, and turning it into a daily habit has helped him to make a lot of progress without it feeling like any effort.

Buena suerte!

Mentions this week

The Property Hub opens its doors today!

Check out all the great free content, and say hello on the forum – we’d love to meet you and find out more about you.

And on the subject of meeting people, The Property Hub Launch Party is this Saturday 11 January!

It’s completely free, but you’ll need to book your place to let us know you’re coming.

To do that, and find out all the details, just visit thepropertypodcast.com/launchparty

Tell us what you thought of the show!

What do you think will happen to interest rates?

Are you taking any steps now to futureproof your portfolio?

Let us know in the comments!

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