Mark Robinson's Media Coverage
Your Money
Mortgage raises: Nationwide, Clydesdale and TSB bump up ratesThe yo-yoing of mortgage rates continues this week as providers opted to increase their prices for borrowers.
The Intermediary
FCA calls on firms to “improve debt collection practices”The FCA is now urging firms to make sure to use supportive language, clearly signpost free debt advice and make it easy for debt advisers to contact them on behalf of clients.
The Intermediary
Clydesdale Bank increases selected resi and BTL mortgage ratesFor both new and existing residential customer products, selected 2- and 5-year 65% and 75% loan-to-value (LTV) fixed rates will be increased by up to 0.13%.
inews.co.uk
Mortgage deals increase by hundreds of pounds a year as lenders pull cheaper ratesBrokers say the speed at which rates are being pulled is a ‘joke’ and some customers are missing out on the best deals
inews.co.uk
Experts predict mortgage costs to fall despite Santander and NatWest hiking ratesLenders started the year by reducing their mortgage rates, but this trend has reversed in the past month
Mortgage Solutions
Nationwide and Virgin Money merger ‘will create another Goliath’ – analysis - Mortgage SolutionsThe proposed merger of Nationwide and Virgin Money will reinforce Nationwide’s position in the market and be a sign of more M&A activity.
Sky News
Weekend Money: What small business owners urgently want to see in the spring budgetThe Money blog is your place for consumer news, cost of living advice and the latest on the economy. We’ll be back with live updates on Monday but for now you can read our weekend features, and submit...
The Intermediary
Brokers left angry as TMW gives just six hours notice of rate changesBrokers have once again raised concerns about short-notice product changes from lenders after The Mortgage Works (TMW) issued an email at 14:00 advising brokers they had until 20:00 tonight to lock in...
The Intermediary
House prices see 0.7% rise in February – NationwideThe average house price was recorded at £260,420, compared to a slightly lower figure of £257,656 in January.
Birmingham Live
Nationwide announces Cost of Living boost for everybody who has a mortgageIt marked the first month since January 2023 that Nationwide recorded positive annual growth in house prices.
Mortgage Solutions
More options needed to support growing new-build interest ‒ analysis - Mortgage SolutionsInterest in new-build is on the rise at the moment, with lenders needing to be more innovative in order to support new-build buyers.
The Intermediary
Brokers report a rise in down valuationsOne broker, Laura Bairstow, said: “We have noticed a definite increase in down valuations, especially in instances where the borrower only has a 5% or 10% deposit.”
Birmingham Live
HSBC changes accounts ‘across the board’ and it’s a ‘hammer blow’It follows other lenders this week, such as Santander, Coventry and TSB.
The Intermediary - Latest UK mortgage news
“Waiting for US to cut rates first risks destroying UK economy” – brokersNewspage asked a selection of financial services experts how they would you rate the Bank of England’s performance over the past two to three years
Estate Agent Today
Rate cut needed ‘sooner rather than later’ as mortgage pricing rises - warningIncreasing numbers of mortgage lenders are pulling decent deals as swap rates rise.
The Intermediary
Brokers report “huge increase in Klarna and PayPal schemes on credit reports” over 12 monthsNewspage asked brokers how lenders look at ‘Buy Now, Pay Later’ schemes and whether they can impact a person’s ability to get a mortgage.
The Sun
I’m terrified I’ll lose my dream home or face paying thousands extraFIRST-TIME buyer Jack Bowden, 23, is racing against the clock to buy a home before his mortgage offer expires – and he could miss out entirely. The sports therapist from Portsmouth and his pa…
Your Money
End of Help to Buy: 10 alternatives for first-time buyers - Your MoneyThe deadline for Help to Buy Equity Loan applications passed on 31 October. If you’re a first-time buyer who missed this scheme, here are eight other ways to help you get on the property ladder.
Mortgage Solutions
Help to Buy will leave a ‘mixed legacy’ – analysisAs the Help to Buy scheme closes for new applications from today, brokers reflect on its legacy - the ups and the downs.
The Telegraph
First-time buyers need to quadruple deposits to beat mortgage mayhemAverage borrower would need to find an extra £81,510 to get onto the housing ladder
The Guardian
Housing market expected to benefit as Hunt rips up mini-budgetSavills says move is ‘best feasible outcome’, but some experts say risk remains of ‘significant’ house price falls
IFA Magazine
Mini-Budget U-turn: “The age of the saver may be back.” - reaction from brokers and IFAsFollowing the impact of today’s political announcement on borrowers and savers, a selection of IFA and Brokers have commented. Samuel Mather-Holgate of Sw
B&C
Kwasi Kwarteng sacked as Chancellor — industry reactsKwasi Kwarteng has today (14th October) confirmed he was asked to step aside as Chancellor of the Exchequer by prime minister Liz Truss.
Financial Reporter
Should the Chancellor go? - brokers reactWith the chaos triggered by the mini-Budget, and mortgage rates continuing to rise, Riz Malik of R3 Mortgages called for the Chancellor to quit live on Sky News yesterday.
Financial Reporter
Will repossessions rise in 2023? - brokers reactWith rates rising sharply, energy bills soaring and many borrowers leveraged to the hilt, Newspage asked brokers whether we will see a rise in the number of forced sales and repossessions in 2023 — and,...
Dailystar.co.uk
Britain being run by ‘dunces’ after Truss and Kwasi’s ‘s***show’ mini-budgetPM Liz Truss and Chancellor Kwasi Kwarteng are being castigated after their mini-budget which saw sterling fall to just $1.03 yesterday, with the Bank of England likely to hike interest rates
Business Matters
Banks pull mortgage deals in the face of soaring borrowing costBanks and building societies have removed dozens of mortgage deals from sale over fears that the cost of borrowing would soar.
Mortgage Solutions
Brokers urge potential borrowers to act quickly as lenders reprice – analysis - Mortgage SolutionsBrokers are encouraging customers who have not submitted mortgage applications to act quickly and have all their documents ready to go as lenders withdraw new business fixed rates and reprice amidst economic...
The Times
Mortgage deals disappear in the face of soaring borrowing costBanks and building societies removed dozens of mortgage deals from sale yesterday and homeowners raced to secure fixed rates because of fears that the cost of b
Londonlovesbusiness
Pound crash: Emergency rate hikes and UK company becoming takeover targetsThe news that the Pound has hit a record low this morning against the greenback, and is moving every closer to parity, has sent shockwaves in the City, Markets and beyond. Here’s…
The Telegraph
Borrowers told to ‘buckle up’ ahead of biggest interest rate rise in 30 yearsRapid rate rises risk adding hundreds of pounds to monthly bills
IFA Magazine
“A rate increase of 0.75% will send shockwaves through the property market” - brokers on this week’s rate decisionThis week, many expect the Bank of England to raise rates by 0.75% in an effort to combat inflation. In response, ten brokers were asked what it would mean for
Mortgage Solutions
Broker guilt: Thick skin, tolerance and talking are key when mortgages go wrongA mortgage transaction is always unpredictable. How do professionals cope with ‘broker guilt’ when deals break down?
Financial Reporter
Energy price cap could bolster housing demand, brokers predictFollowing Liz Truss’s energy price cap announcement last week, some brokers have suggested that property market activity may start to tick up again now that people know what’s happening with their utility...
IFA Magazine
Land Registry HPI: “Curiously, activity may even ramp up again now that everyone knows what’s happening with their utility...Andrew Montlake, managing director of the UK-wide mortgage broker, Coreco: “The July data has been skewed by the Stamp Duty holiday so needs to be taken with
Mortgage Solutions
Lenders pulling products to deal with ‘shocking’ service levels, brokers suggestThe reduction in the number of mortgage products available at the moment may be motivated by a desire to reduce application levels so that they can cope with backlogs and improve service levels, brokers...
This Is Money
Should I cut my mortgage term to save money?More people are opting to repay their mortgage for more than the standard 25 years as it makes the monthly bill lower - but it increases interest overall.
Daily Mail
Should I cut my mortgage term to save money?More people are opting to repay their mortgage for more than the standard 25 years as it makes the monthly bill lower - but it increases interest overall.
Mortgage Strategy
News analysis: New year brings a perfect storm for brokersIncreasing living costs, a chronic housing shortage and rising inflation have been highlighted as the main challenges for mortgage brokers in 2022. House prices are at record highs and mortgage affordability...
IFA Magazine
Bank Rate decision: reaction from brokers and IFAsWhat will the implications be for borrowers and savers following today’s Bank of England interest rate decision to hike base rate to 0.5% in response to risi
Daily Mail
What will the interest rate rise cost you on your mortgage?For anyone who has just bought a home for the UK average of £276,000 and has an 80 per cent loan on a tracker rate, the 0.25 percentage point rate rise means extra repayments of £552 a year.
Mortgage Solutions
New markets, better balance and YouTube channels: brokers’ New Year’s resolutionsHiring new staff, launching into new markets, and even developing a YouTube channel are among the resolutions brokers have for their businesses in 2022.
Mortgage Solutions
Broker tech needs more input from advisersGreater dialogue with advisers would mean that broker technology actually delivers what is needed, brokers have argued.
Homebuilding
House Prices: Annual Growth Slowed in SeptemberHere’s what to make of house prices if you’re buying or selling a home this year
Your Mortgage
House price growth remains in double digits despite slowdownAverage property prices are now 13% higher than at the start of the pandemic
Mortgage Strategy
Annual growth cools to 10% in September: NationwideAnnual house price growth slowed from 11% in August to 10% in September, the latest index from Nationwide shows. Month-on-month prices increased by just 0.1% in September to reach £248,742, which was down...
Express.co.uk
House price growth slows but remains in double digits - experts warn of ‘headwinds ahead’HOUSE PRICE growth slowed down slightly in September but remains in double digits for the fifth month in a row. House prices remain 13 percent higher than before the pandemic began, according to Nationwide’s...
Mortgage Solutions
Royal College of Nursing says house prices have spiralled beyond reach for its members - Mortgage SolutionsResearch by the Royal College of Nursing has shown that house price increases outpaced its members’ wage growth by six times over the past decade, leaving many nurses unable even to take advantage of the...