Rob Gill's Media Coverage
London Business News
Did Trump blink? When ‘the bond market began to turn on Wednesday morning, the game was up’Newspage asked a selection of business owners and market experts whether they think Trump blinked, or if his tariff pause was all part of the plan. One said Trump has…
Express.co.uk
Trump ‘playing poker’ with 90-day tariff pause as he ‘waits to see who folds’Others, however, have suggested Mr Trump’s decision stems from the market’s adverse reaction to the package of tariffs he announced on “Liberation Day” on April 2.
Express.co.uk
New twist in mortgage price war as TSB makes “aggressive” cuts on new ratesMortgage brokers described the rate cuts across a series of products as “aggressive” and predicted that other major lenders will follow suit
Evening Standard
‘Mind-boggling’: Mortgage brokers shocked as Barclays ups rates but TSB cutsIt comes soon after higher-than-expected inflation appeared to rule out a June interest rate cut from the Bank of England
The Telegraph
First high street bank raises mortgage rates after election callIncrease puts Barclays’ products above competitors, which have announced rate cuts
Daily Mail
Newlyweds reveal why they moved to Wales but returned after six monthsEXCLUSIVE: Newlyweds Tess and Jimi Aldcroft, 35 and 39, (pictured) moved to Brecon to escape the intensity of London just after the pandemic - but moved back within just six months.
Daily Mail
House hunters are heading back to London or deciding to stay in cityThe London property market is bouncing back as fewer people in the capital search for countryside homes and others who have left consider moving back, experts say.
The Times
Overpay your mortgage or save? What to do with £20,000If you’re about to take a hit from higher housing costs but have a bit of spare cash, there are ways to soften the blow, says George Nixon
Introducer Today
Bank of England Base Rate Cut - when will it happen?Bank of England Base Rate Cut - when will it happen?
Express.co.uk
When interest rates could finally come down to lift burden on mortgage holdersThe Bank’s governor, Andrew Bailey, and the Monetary Police Committee (MPC) decided to hold the base rate at 5.25 per cent at their latest meeting.
FTAdviser
January mortgage fire sale ‘firmly underway’ following rate cuts'The January mortgage fire sale is firmly underway' as major lenders Barclays and Santander announce rate reductions, according to EHF Mortgages managing director, Justin Moy.
The Negotiator
Increase in cheaper mortgages on the way as rates head downWeak demand for homes for sale could strengthen in the New Year as mortgages become cheaper for buyers.
The Times
What the latest inflation rate means for mortgages and savingsHow the latest ONS inflation figures will affect your money
Your Money
Barclays back with a bang as it slashes suite of mortgage rates - Your MoneyBarclays will slash mortgage rates across its residential, buy-to-let purchase and remortgage ranges, with competitors set to follow
Bridging Loan Directory
Altura Mortgage Finance launches Altura Specialist FinanceLondon-based independent mortgage broker, Altura Mortgage Finance, has launched a new brand, Altura Specialist Finance, under the leadership of specialist
Bridging & commercial
Altura launches new financing brandAltura Mortgage Finance has launched a new brand to provide financing options for individual and companies, headed up by Guy Nyirenda, head of specialist and commercial finance at Altura Specialist Finance.
Mortgage Solutions
Altura launches standalone specialist finance advice brandMortgage broker Altura Mortgage Finance has launched a new brand focused on specialist finance.
The Intermediary
Stamp duty cuts in Autumn Statement: “Idiotic doesn’t do it justice”With the Treasury considering cuts to stamp duty in the Autumn Statement, or at least before a General Election, experts are divided on the move, with some welcoming it, but many more ridiculing it as...
The Telegraph
Autumn Statement 2023 live: Hunt rules out Autumn Statement tax cutsIn the run up to the Autumn Statement on 22 November 2023 Telegraph Moneylive blog will keep you updated with the latest news and and analysis, taking a look at what it could mean for you.
Mortgage Solutions
Stamp duty and IHT tax cuts could be on cards for Autumn Statement - Mortgage SolutionsChancellor Jeremy Hunt could announce cuts to inheritance tax and stamp duty in next week’s Autumn Statement following positive forecasts about the state of the country’s public finances.
Birmingham Live
‘Music to ears’ warning issued to anbody with Lloyds, HSBC, Natwest mortgageThe Chair invited the Committee to vote on the proposition that Bank Rate should be maintained at 5.25 per cent.
The Intermediary - Latest UK mortgage news
Financial services and property experts urge Bank of England to leave rates on holdFinancial services have almost unanimously urged the Bank of England to leave rates on hold at tomorrow’s MPC meeting, and most are expecting it to do exactly that.
BirminghamLive
HSBC issues 24-hour message to any customer with a mortgageThe high street banking giant will cut rates for existing residential customer switching and borrowing, residential first-time buyers and home movers, residential remortgagers and residential remortgage...
Mortgage Solutions
Brokers welcome ‘dead’ August as chance to recharge before market returnsIntermediaries have welcomed the fact that business levels in August have been low, suggesting it offers a chance to recover from the “rollercoaster” of recent months ahead of the market kicking back into...
CityAM
Santander becomes latest bank to cut mortgage rates amid falling inflationSantander has become the latest high street lender to reduce the rates of its mortgage deals, following a stream of other cuts by fellow banks last week, in a signal of hope for prospective buyers.
Housing Today
Major lenders cut mortgage ratesHalifax, HSBC, Nationwide and TSB rate cuts further evidence that mortgage rates peaked in late July
Express.co.uk
Halifax will slash fixed mortgage rates despite base rate increaseHSBC and TSB have also reduced selected fixed rate mortgage products in recent weeks.
CityAM
Brokers predict ‘mortgage price war’ as lenders cut ratesBrokers suggested there could be a “mortgage price war” as lenders continue to reduce rates amid hopes inflation is finally on the way down.
The Intermediary
Halifax to introduce rate cuts across 5-year fixed rate productsThe move aligns with other lenders’ decisions (namely HSBC and TSB) to decrease selected rates, despite the latest hike in the base rate to 5.25% last week.
Mortgage Professional
Would 40-year mortgages be good for the market?Brokers discuss the idea of ‘Dutch-style’ mortgages – one thinks its “bonkers”
The Intermediary
Tandem launches ‘Treating Brokers Fairly’ initiativeThe initiative includes giving adequate notice of product changes.
Daily Mail
Could 40-year fixed mortgages solve first-time buyer crisis?Borrowers in Britain are still having to pay extremely high rates for new mortgages compared to one year ago, even though inflation is now falling at a greater rate than expected.
FTAdviser
Mortgage rate reductions unlikely despite inflation dataA “flurry” of mortgage rate reductions are still unlikely even after the better than expected inflation data published this week, according to Windsor Hill Mortgages director, Elliot Cotterell.
FTAdviser
‘Too early to tell’ whether swap rates are on way downIt is “too early to tell” whether swap rates are on the way down Large Mortgage Loans founder and CEO, Paul Welch has stated.
Mortgage Solutions
‘Borrowers don’t know what brokers do’How affordability is assessed and what mortgage brokers actually do are among the most common misconceptions among borrowers, according to intermediaries.
This Is Money
Mortgage rates hit mini-budget levelsThe current average two-year fixed mortgage rate is now 6.66%, according to Moneyfacts.
Mortgage Solutions
Labour Party to host ‘emergency’ mortgage summit with brokers ‒ report - Mortgage SolutionsThe Labour Party will host an “emergency” mortgage summit with brokers to discuss the impact of the “mortgage crisis” on first-time buyers and homeowners and explore options.
Mortgage Solutions
Labour Party to host ‘emergency’ mortgage summit with brokers ‒ report - Mortgage SolutionsThe Labour Party will host an “emergency” mortgage summit with brokers to discuss the impact of the “mortgage crisis” on first-time buyers and homeowners and explore options.
Evening Standard
‘Absolute carnage’ as High Street lenders lift mortgage rates once againHalifax told brokers last night that its rates for remortgages were going up as much as 0.54%
Financial Reporter
Average five-year fix surpasses 6% - brokers reactBrokers noted that rates are still available below 6% but predict rates to rise further.
The Telegraph
Five-year mortgage rates pass 6pc for first time this year - latest updatesThe average rate for a five-year fixed mortgage has surpassed 6pc for the first time this year as Britain's property crisis deepens.
FTAdviser
Long-term fixes and evolution of mortgage market ‘long overdue’Mortgage brokers have told FTAdviser that while now is not the right time for borrowers to explore long-term fixes, the evolution of the market in this direction is “long overdue”.
This Is Money
Britons are now spending most income on their mortgage since 2008Repayments on new mortgages accounted for an average of 20 per cent of borrowers’ gross incomes between January and April, according to trade body UK Finance.
FTAdviser
Santander temporarily withdraws mortgage productsSantander is temporarily withdrawing residential and buy-to-let fixed and tracker rates at 7:30pm today (June 12).
The Intermediary
Santander to temporarily withdraw residential and buy-to-let rates amid market conditionsIn response to the changing market conditions, Santander UK has announced it will temporarily withdraw all new business residential and buy-to-let fixed and tracker rates as of 7.30pm on Monday, 12th June.
The Negotiator
Renters’ Reform Bill: Industry reactionNo-fault evictions will be abolished and tenants will allowed to have pets with a new landlords ombudsman appointed to provide quick resolutions to disputes.
CityAM
Mortgages: Are 100 per cent no deposit loans about to make a comeback?One of the UK’s largest building societies is considering launching a no deposit, or 100 per cent loan to value mortgage. Mortgages which do not need a
IFA Magazine
US CPI lower than expected at 5% - could allow “Bank of England to start reversing recent rate hikes” - reactionFollowing the US inflation data published earlier, free PR platform Newspage, has collected the thoughts of brokers and advisers and has shared them with IFA M
Financial Reporter
Could falling US inflation allow the Bank of England to start reversing recent rate hikes?The Office for Budget Responsibility predicts that UK inflation will fall to 2.9% by the end of 2023.
Express.co.uk
High interest rates ‘temporary’ and may slide back to pre-Covid levelsAmid a period of surging mortgage rates, analysts predict interest rates are likely to revert to pre-pandemic levels.
The Intermediary
Interest rates to return to low levels once inflation calms, IMFThe IMF’s World Economic Outlook says rates are likely to head back to the historic lows if the country gets on top of inflation.
Mortgage Solutions
Separate council tax bands for HMO units will harm tenants, property professionals warnCreating separate council tax bands to individual units in houses in multiple occupation (HMO) in particular circumstances will affect poorer tenants and result in landlords being used as “cash cows”.
Mortgage Professional
Property stakeholders criticise local authorities’ re-banding of HMOs“Cash-starved councils are trying to make money off the back of the poorest in society”
Financial Reporter
Will the latest GDP data influence next week’s rate rise decision?Brokers discussed what rate decision they believe the Bank of England will make.
Mortgage Solutions
Mortgage approvals drop to lowest level in over a decade – BoE - Mortgage SolutionsMortgage approvals for both house purchase and remortgage fell to their lowest levels in over 10 years in January.
Mortgage Solutions
Brokers report ‘record breaking’ activity levels in January ‒ analysisJanuary was far busier than expected for many mortgage brokers, in some cases resulting in record activity levels.
IFA Magazine
Nationwide HPI: “January was a tale of two halves” – reaction from estate agents and brokersFollowing the Nationwide January house price index published this morning, Newspage have shared the thoughts of estate agents, mortgage brokers and financial
Daily Mirror
Santander and Barclays slash mortgage rates as experts predict ‘price war’Santander and Barclays are the latest mortgage lenders to have brought down their fixed rate deals, despite a looming base rate rise, as brokers expect a “price war” following cuts to interest rates
FTAdviser
High street mortgage lenders cut rates as ‘price war’ commencesHigh street mortgage lenders Halifax Nationwide and Virgin Money have all signalled cuts to their interest rates this week as broker predictions of a price war bear fruit
Mortgage Solutions
Don’t predict the market or underestimate role of advice ‒ brokers’ big lessons from 2022The importance of the role of the broker, and being prepared for the unexpected, are some of the big lessons intermediaries have taken from 2022.
The Intermediary
Bank of Ireland to cuts 5-year fixed mortgage rates to start at 4.65%The move has been widely welcomed by brokers who have seen the market fluctuate widely in the months since the ill-fated Prime Ministership of Liz Truss.
FTAdviser.com
How to communicate to clients what is happening with ratesThe mortgage market is in turmoil due to a series of political and economic events
Mortgage Professional
What’s going on with UK house prices?Index reveals rise, but industry voices concern
Evening Standard
New house price fears as turmoil ‘kills the market’House price crash in London is fait accompli, says developer
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.
Mortgage Solutions
Mortgage market turmoil hits broker recruitment hard ‒ analysis - Mortgage SolutionsMortgage brokerages are finding it harder to recruit new adviser talent, which is at least partly down to the turmoil seen in recent weeks.
inews.co.uk
House prices could drop by up to 15% amid fears of more interest rate hikes, experts warnA 15 per cent drop would see £60,000 slashed from the value of a £400,000 home
CNBC
UK lenders halt mortgage deals to customers after market chaosThe changing market conditions has led some lenders to change their product offerings.
Mortgage Solutions
Brokers ‘swamped’ by clients willing to pay to leave fixed rates ‒ analysis - Mortgage SolutionsBrokers have reported seeing significant interest from clients keen to pay early repayment charges in order to leave their current fixed rate and remortgage, following the market turmoil this week.
Sky
Pound live news: Lenders withdraw mortgage products amid 6% interest rate forecastLatest in our cost of living blog as mortgage lenders withdraw their products; the pound rallies slightly after historic lows on Monday; the Bank of England appears likely to raise interest rates 0.75-1%,...
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…
IFA Magazine
Sterling slump: “A Government and central bank pulling in opposite directions is the stuff of a banana republic” - advisers...In response to concerns about the impact of Chancellor Kwarteng’s latest plans for tax cuts, in Asian trading overnight, Sterling hit a record low his morning
Mortgage Solutions
Brokers argue that AIPs are now ‘worthless’ ‒ analysisBrokers need to accept that the agreement in principles (AIPs) they generate for clients are “not worth the paper they are written on” at the moment, intermediaries have argued.
IFA Magazine
UK HPI June 2022 - “we could see a 5%-10% fall in house prices over the course of the next year” - reaction from property...Following the UK House Price Index (June 2022), property experts have reacted. Ryan Joyce, director of Nottingham-based independent mortgage broker, Key Mortg
IFA Magazine
Land Registry HPI - “More mad house price growth in May” - reaction from agents and brokersFollowing the Land Registry house price data published this morning agents and brokers have commented: Wesley Davidson, founder of broker Fox Davidson: “Th
CityAM
UK house prices hit average of £294,845 in largest growth spurt since 2004House prices leaped in June in the largest increase of monthly growth since 2004, hitting an average of £294,845 after months of declining growth.
Mortgage Professional
Halifax reveals latest on UK house pricesHousing market continues to show resilience, but for how long?
Mortgage Strategy
Govt’s cross-generation mortgage plans described as ‘ludicrous’ | Mortgage StrategyThe UK government is considering plans for cross-generation mortgages to tackle the housing crisis but the idea was not welcomed by all in the mortgage sector with one describing the idea as “ludicrous”....
Chester and District Standard
Ministers consider extra-long term mortgages to tackle housing crisisExperts were sceptical about the impact the proposal would have in the UK.
The Times
50-year mortgages are latest idea to fix housing crisisUltra-long mortgages that could be handed down to children are being considered by Boris Johnson as a way to get young people on the housing ladder.Loans that
FTAdviser.com
Halifax latest lender to hike mortgage ratesHalifax is the latest lender to announce a hike in mortgage rates with the increase kicking in from this week June 24
Mortgage Strategy
Net mortgage borrowing rises in March: BoENet mortgage borrowing increased from £4.6bn in February to £7bn in March, show new figures from the Bank of England (BoE). This, says the BoE, means borrowing remains above the pre-pandemic average up...
Mortgage Strategy
Some Halifax rates set to more than doubleThe Halifax has published new rate rises due to come into effect on 3 May, that are in some cases more than double what they were a year ago. A two-year fixed-rate remortgage at 60% loan-to-value, with...
Evening Standard
London homes £58k more expensive than at start of pandemicPrice rises were even more dramatic in the commuter belt
Daily Mail
Families, business owners and self-employed react to spring statementSmall business owners such as Maddy Alexander-Grout (pictured) have criticised Rishi Sunak’s spring statement measures for ‘not going far enough’ and ‘consigning some to poverty’.
Mortgage Strategy
Spring Statement: Industry reactionToday’s Spring Statement was a low key affair regarding housing policy, but chancellor Rishi Sunk did announce a VAT tax cut to zero for energy efficiency upgrades. Industry figures were quick to make...
Mortgage Strategy
Bank of England keeps base rate at 0.10%The Monetary Policy Committee (MPC) at the Bank of England has again voted unanimously to keep the bank rate at 0.10%. The committee also voted 7-2 for the continuation of the buying of corporate bonds,...
Proactiveinvestors UK
FTSE 100 ends lower as rising inflation offsets gains by BP and Royal Dutch ShellThe UK blue chip index closed lower with inflation rate hitting a 19 year high and ongoing concerns about the Delta variant
Express.co.uk
Homeowners to benefit from cheapest mortgage rate 0.94%HOME buyers are set to benefit from a looming mortgage price war after HSBC cut its two-year fixed rate to just 0.94 percent - its lowest ever.
This Is Money
Record low rates hit mortgage market (but beware the hefty fees)HSBC announced it would lend up to £5m to buyers on the 0.94 per cent rate which reverts to a 3.54 per cent rate after the two-year fix ends. Borrowers have to have at least 40 per cent a stake in the...
This Is Money
Race is on for buyers to beat stamp duty deadlineHome buyers face a mad dash to complete their purchases or risk paying up to £15,000 extra in stamp duty, as figures show transactions in May were 140% higher than last year.
Mortgage Strategy
House prices continue upward trend, rising 10% in March: ONS | Mortgage StrategyHouse prices in the UK rose 10.2% in the year to March 2021, the highest annual growth rate seen since August 2007. However, the figures from the Office for National Statistics come with the caveat that...
MoneyWeek
No let up in house price rises as new records set | MoneyWeekHouse prices continued to boom in April, with £20,000 being added to the price of the average home in the last 12 months.
Property Industry Eye
House prices soar as ‘the moving frenzy shows no signs of abating’Buying frenzy: It has been suggested that there is ‘a deep-seated FOMO in the market right now’ - a fear among buyers that they could ‘miss out’.
Mortgage Strategy
House prices climb to new high in April: Halifax | Mortgage StrategyThe average house price in the UK grew to £258,204 in April, the latest index from Halifax shows. This is a 1.4% change on the average price in March and an annual change of 8.2%. It also makes for the...
Yahoo Finance
UK house prices rise at fastest rate in five years ahead of stamp duty holiday deadlineThe average house price in the UK in April was £258,204.
Mortgage Strategy
House prices climb to new high in April: Halifax | Mortgage StrategyThe average house price in the UK grew to £258,204 in April, the latest index from Halifax shows. This is a 1.4% change on the average price in March and an annual change of 8.2%. It also makes for the...
BBC News
‘Fear of missing out’ fuels record house prices in AprilAverage house prices have climbed almost £20,000 in the last year, hitting a record high in April.