The Mortgage Rate Shock Every Bookkeeper MUST Know

Every bookkeeper has clients with a mortgage, and many of them are heading for a rate shock. In this episode, mortgage advisor Gary Das explains what a bookkeeper can do now to prepare clients before the higher payments land. Clients who locked in rates below 2% in 2021-22 could face a big jump when their deal ends. That affects their dividends, their cash flow forecasts and what they can afford to take from the business. Gary has been a mortgage advisor since 2006 and specialises in self-employed mortgages. He shares what lenders look at, and where clients get caught out. In this episode: • Why mortgage rates matter to cash flow forecasts and dividends • The one question to ask every client about their home • Why finalising accounts before speaking to an advisor can lock in a problem • How lenders read profit, and why pension payments or equipment purchases can change what clients can borrow Want to be the bookkeeper who sees problems before clients do? Share this episode with your team. Get Gary's free book, The Self-employed Mortgage Guide (just pay the postage) Find him on Instagram: https://www.instagram.com/garydas/?hl=en ----------------------------------------------- About us We're Jo and Zoe and we help bookkeepers find clients, make more money and build profitable businesses they love. Find out about working with us in The Bookkeepers' Collective, at: 6figurebookkeeper.com/collective ----------------------------------------------- About our Sponsor This episode of The Bookkeepers' Podcast is sponsored by Xero. Get 90% off your first 6 months by visiting: https://xero5440.partnerlinks.io/6fig... ----------------------------------------------- Promotion This video contains paid promotion. ----------------------------------------------- Disclaimer The information contained in The Bookkeepers' Podcast is provided for information purposes only. The contents of The Bookkeepers' Podcast is not intended to amount to advice and you should not rely on any of the contents of the Bookkeepers' Podcast. Professional advice should be obtained before taking or refraining from taking any action as a result of the contents of the Bookkeepers' Podcast. The 6 Figure Bookkeeper Ltd disclaims all liability and responsibility arising from any reliance placed on any of the contents of the Bookkeepers' Podcast. Chapters: 00:00:00 - The Mortgage Rate Shock Every Bookkeeper MUST Know 00:01:56 - What Mortgage Advisors Do 00:04:22 - Why Specialisation Matters 00:07:20 - Mortgages, Interest Rates and Bookkeepers 00:10:54 - How AI Is Changing Mortgage Advice 00:15:57 - AI and the Future Mortgage Team 00:18:05 - Why Gary Rebuilt His Business 00:19:54 - Building an Audience Instead of Buying Leads 00:21:51 - Getting Comfortable Being Uncomfortable 00:26:16 - Collaborating on Self-Employed Mortgages 00:30:13 - Preparing Your Finances for a Mortgage #bookkeeper