Three reasons it could soon be time to buy subprime property

Interest rate hikes have turned the screws on thousands of mortgage holders. But as repossessions start to creep up, says Bengt Saelensminde - you could stand to profit.

Yikes! Mortgage lenders are hiking rates and for a large portion of the population, this is really going to hurt.

It strikes me that the increase in mortgage rates is going to hit homeowners at the weak end of the market especially hard. In fact, according to research by Which?, "one in five will struggle to afford food if mortgage payments rise".

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Bengt graduated from Reading University in 1994 and followed up with a master's degree in business economics.

 

He started stock market investing at the age of 13, and this eventually led to a job in the City of London in 1995. He started on a bond desk at Cantor Fitzgerald and ended up running a desk at stockbroker's Cazenove.

 

Bengt left the City in 2000 to start up his own import and beauty products business which he still runs today.