Mark Robinson's Media Coverage

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Your Money

Mortgage raises: Nationwide, Clydesdale and TSB bump up rates

The yo-yoing of mortgage rates continues this week as providers opted to increase their prices for borrowers.

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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.

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The Intermediary

Clydesdale Bank increases selected resi and BTL mortgage rates

For 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%.

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inews.co.uk

Mortgage deals increase by hundreds of pounds a year as lenders pull cheaper rates

Brokers say the speed at which rates are being pulled is a ‘joke’ and some customers are missing out on the best deals

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inews.co.uk

Experts predict mortgage costs to fall despite Santander and NatWest hiking rates

Lenders started the year by reducing their mortgage rates, but this trend has reversed in the past month

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Mortgage Solutions

Nationwide and Virgin Money merger ‘will create another Goliath’ – analysis - Mortgage Solutions

The proposed merger of Nationwide and Virgin Money will reinforce Nationwide’s position in the market and be a sign of more M&A activity.

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Sky News

Weekend Money: What small business owners urgently want to see in the spring budget

The 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...

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The Intermediary

Brokers left angry as TMW gives just six hours notice of rate changes

Brokers 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...

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The Intermediary

House prices see 0.7% rise in February – Nationwide

The average house price was recorded at £260,420, compared to a slightly lower figure of £257,656 in January.

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Birmingham Live

Nationwide announces Cost of Living boost for everybody who has a mortgage

It marked the first month since January 2023 that Nationwide recorded positive annual growth in house prices.

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Mortgage Solutions

More options needed to support growing new-build interest ‒ analysis - Mortgage Solutions

Interest in new-build is on the rise at the moment, with lenders needing to be more innovative in order to support new-build buyers.

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The Intermediary

Brokers report a rise in down valuations

One 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.”

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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.

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The Intermediary - Latest UK mortgage news

“Waiting for US to cut rates first risks destroying UK economy” – brokers

Newspage 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

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Estate Agent Today

Rate cut needed ‘sooner rather than later’ as mortgage pricing rises - warning

Increasing numbers of mortgage lenders are pulling decent deals as swap rates rise.

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The Intermediary

Brokers report “huge increase in Klarna and PayPal schemes on credit reports” over 12 months

Newspage asked brokers how lenders look at ‘Buy Now, Pay Later’ schemes and whether they can impact a person’s ability to get a mortgage.

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The Sun

I’m terrified I’ll lose my dream home or face paying thousands extra

FIRST-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…

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Your Money

End of Help to Buy: 10 alternatives for first-time buyers - Your Money

The 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.

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Mortgage Solutions

Help to Buy will leave a ‘mixed legacy’ – analysis

As the Help to Buy scheme closes for new applications from today, brokers reflect on its legacy - the ups and the downs.

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The Telegraph

First-time buyers need to quadruple deposits to beat mortgage mayhem

Average borrower would need to find an extra £81,510 to get onto the housing ladder

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The Guardian

Housing market expected to benefit as Hunt rips up mini-budget

Savills says move is ‘best feasible outcome’, but some experts say risk remains of ‘significant’ house price falls

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IFA Magazine

Mini-Budget U-turn: “The age of the saver may be back.” - reaction from brokers and IFAs

Following the impact of today’s political announcement on borrowers and savers, a selection of IFA and Brokers have commented. Samuel Mather-Holgate of Sw

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B&C

Kwasi Kwarteng sacked as Chancellor — industry reacts

Kwasi Kwarteng has today (14th October) confirmed he was asked to step aside as Chancellor of the Exchequer by prime minister Liz Truss.

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Financial Reporter

Should the Chancellor go? - brokers react

With 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.

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Mortgage Professional

UK GDP falls in August

Businesses react

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Financial Reporter

Will repossessions rise in 2023? - brokers react

With 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,...

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Dailystar.co.uk

Britain being run by ‘dunces’ after Truss and Kwasi’s ‘s***show’ mini-budget

PM 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

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Business Matters

Banks pull mortgage deals in the face of soaring borrowing cost

Banks and building societies have removed dozens of mortgage deals from sale over fears that the cost of borrowing would soar.

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Mortgage Solutions

Brokers urge potential borrowers to act quickly as lenders reprice – analysis - Mortgage Solutions

Brokers 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...

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The Times

Mortgage deals disappear in the face of soaring borrowing cost

Banks 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

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Londonlovesbusiness

Pound crash: Emergency rate hikes and UK company becoming takeover targets

The 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…

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The Telegraph

Borrowers told to ‘buckle up’ ahead of biggest interest rate rise in 30 years

Rapid rate rises risk adding hundreds of pounds to monthly bills

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IFA Magazine

“A rate increase of 0.75% will send shockwaves through the property market” - brokers on this week’s rate decision

This 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

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Mortgage Solutions

Broker guilt: Thick skin, tolerance and talking are key when mortgages go wrong

A mortgage transaction is always unpredictable. How do professionals cope with ‘broker guilt’ when deals break down?

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Financial Reporter

Energy price cap could bolster housing demand, brokers predict

Following 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...

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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

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Mortgage Solutions

Lenders pulling products to deal with ‘shocking’ service levels, brokers suggest

The 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...

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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.

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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.

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Mortgage Strategy

News analysis: New year brings a perfect storm for brokers

Increasing 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...

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IFA Magazine

Bank Rate decision: reaction from brokers and IFAs

What 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

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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.

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Mortgage Solutions

New markets, better balance and YouTube channels: brokers’ New Year’s resolutions

Hiring new staff, launching into new markets, and even developing a YouTube channel are among the resolutions brokers have for their businesses in 2022.

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Mortgage Solutions

Broker tech needs more input from advisers

Greater dialogue with advisers would mean that broker technology actually delivers what is needed, brokers have argued.

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Homebuilding

House Prices: Annual Growth Slowed in September

Here’s what to make of house prices if you’re buying or selling a home this year

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Your Mortgage

House price growth remains in double digits despite slowdown

Average property prices are now 13% higher than at the start of the pandemic

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Mortgage Strategy

Annual growth cools to 10% in September: Nationwide

Annual 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...

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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...

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Mortgage Solutions

Royal College of Nursing says house prices have spiralled beyond reach for its members - Mortgage Solutions

Research 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...

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