Ross McMillan's Media Coverage
Express.co.uk
Mortgage warning as experts give their verdict on when interest rates will fallRising mortgage arrears, personal and business failures have sounded alarm bells among brokers, banks and building societies.
Introducer Today
Bank of England Base Rate Cut - when will it happen?Bank of England Base Rate Cut - when will it happen?
inews.co.uk
Average house price rises to £257,000 with strongest improvement in a yearMarket experts said the report adds to the evidence that house price declines are ‘bottoming out’
The Mirror
Average UK house price rose by 0.7% in Janauary, but buyers remain cautiousThe average UK house price in January was £257,656, according to Nationwide Building Society
The Independent
Average UK house price rose by 0.7% month on month in January, index showsNationwide Building Society said the outlook for the property market is looking ‘a little more positive’.
The Herald
Average UK house price rose by 0.7 month on month in January, index showsNationwide Building Society said the outlook for the property market is looking ‘a little more positive’.
Evening Standard
Average UK house price rose by 0.7% month on month in January, index showsNationwide Building Society said the outlook for the property market is looking ‘a little more positive’.
inews.co.uk
How much a 99% mortgage could cost as experts warn they may push up house pricesMortgage brokers have also said the loans would likely attract high interest rates
The Mirror
UK house prices fall at fastest rate for more than 12 years, says ONSHouse prices fell by 2.1% over the 12 months to November 2023 to reach £285,000 on average, the Office for National Statistics
The Independent
Average cost of a home falls at fastest rate in more than 12 yearsA surprise acceleration in inflation on Wednesday could make some lenders more cautious when cutting mortgage rates, experts have suggested.
Express.co.uk
House prices rise for second month in row – up almost £1,400The increase of 0.5% in November - adding £1,394 to produce a UK average of £283,615 - was the second monthly rise after 1.2% in October.
The Independent
Average UK house price jumped for second month in a row in November – HalifaxAcross the UK, property values jumped for the second month in a row, rising by 0.5% in November, or £1,394 in cash terms.
The Intermediary
UK house prices edge up in November, showing signs of recoveryNovember witnessed a 0.2% increase in UK house prices, the most significant annual improvement since February 2023.
Bloomberg
UK House Prices Fall For First Time In 11 Years, Official Data ShowsUK house prices fell for the first time in more than a decade in September, according to the Office for National Statistics, as higher mortgage rates weighed on activity.
The Independent
UK sees rent rise at a record rate. These areas have been hit the hardestThe average UK house price fell by 0.1% in the 12 months to September 2023, according to the Office for National Statistics
The Business Times
UK house prices fall for first time in 11 years: ONSUK HOUSE prices fell for the first time in more than a decade in September, according to the Office for National Statistics (ONS), as higher mortgage rates weighed on activity.
Sidmouth Herald
Average UK house price jumped by about £3,000 in October, says HalifaxA low supply of homes for sale is likely to have strengthened prices in the short-term, the bank said.
Somerset County Gazette
Average UK house price jumped by about £3,000 in October, says HalifaxA low supply of homes for sale is likely to have strengthened prices in the short-term, the bank said.
Bournemouth Echo
Average UK house price jumped by about £3,000 in October, says HalifaxA low supply of homes for sale is likely to have strengthened prices in the short-term, the bank said.
Ayr Advertiser
Average UK house price jumped by about £3,000 in October, says HalifaxA low supply of homes for sale is likely to have strengthened prices in the short-term, the bank said.
Exmouth Journal
Average UK house price jumped by about £3,000 in October, says HalifaxA low supply of homes for sale is likely to have strengthened prices in the short-term, the bank said.
Royston Crow
Average UK house price jumped by about £3,000 in October, says HalifaxA low supply of homes for sale is likely to have strengthened prices in the short-term, the bank said.
Warrington Guardian
Average UK house price jumped by about £3,000 in October, says HalifaxA low supply of homes for sale is likely to have strengthened prices in the short-term, the bank said.
Lancashire Telegraph
Average UK house price jumped by about £3,000 in October, says HalifaxA low supply of homes for sale is likely to have strengthened prices in the short-term, the bank said.
Surrey Comet
Average UK house price jumped by about £3,000 in October, says HalifaxA low supply of homes for sale is likely to have strengthened prices in the short-term, the bank said.
Keighley News
Average UK house price jumped by about £3,000 in October, says HalifaxA low supply of homes for sale is likely to have strengthened prices in the short-term, the bank said.
Bracknell News
Average UK house price jumped by about £3,000 in October, says HalifaxA low supply of homes for sale is likely to have strengthened prices in the short-term, the bank said.
Shropshire Star
Average UK house price jumped by about £3,000 in October, says HalifaxA low supply of homes for sale is likely to have strengthened prices in the short-term, the bank said.
The Intermediary
House prices rise by 1.1% in October – HalifaxThe typical home now costs £281,974, up around £3,000 on the previous month.
The Independent
Average UK house price jumped by about £3,000 in October, says HalifaxA low supply of homes for sale is likely to have strengthened prices in the short-term, the bank said.
The Argus
Average UK house price jumped by about £3,000 in October, says HalifaxA low supply of homes for sale is likely to have strengthened prices in the short-term, the bank said.
Evening Standard
Average UK house price jumped by about £3,000 in October, says HalifaxA low supply of homes for sale is likely to have strengthened prices in the short-term, the bank said.
Yahoo Finance
Average UK house price jumped by about £3,000 in October, says HalifaxA low supply of homes for sale is likely to have strengthened prices in the short-term, the bank said.
The Intermediary
Product transfers soaring as remortgages hit 24-year low - but brokers warn of dangersBrokers said the reason for the low volume of remortgages is the sharp rise in product transfers, as many people have no choice but to stay with their existing lender, lenders placing more emphasis on...
FTAdviser
Brokers slam comparison website for incorrect mortgage contentBrokers have raised concerns after incorrect content around interest-only mortgages was published on comparison website, Compare The Market.
Financial Reporter
Comparison website advises consumers not to overpay on interest-only mortgagesBrokers raised concerns around the incorrect content and highlighted the value of professional advice.
The Intermediary
EXCLUSIVE: Compare The Market interest-only mortgage content flagged as incorrect by brokersThe content was identified by Steven Morris at Advantage Financial Solutions, who shared his thoughts on LinkedIn.
Mortgage Professional
Are three-year fixed mortgage rates a better option than two-year fixes?Brokers have contradicting views on whether three-year fixes are taking over
FTAdviser
Brokers praise lender service levels amid lower purchase activityA drop in mortgage transaction volumes has seen a “better turnaround” for current clients, brokers have said as they praise the service currently being offered by lenders.
The Intermediary
Rental prices rise by 5.5% in August – ONSAnnual private rental prices increased by 5.4% in England, 6.5% in Wales, and 6.0% in Scotland in the 12 months to August.
FTAdviser
Return of more sub-5% mortgage rates ‘now looking imminent’The return of the sub-5 per cent five-year residential fixed rate is “now looking imminent” Coreco managing director, Andrew Montlake, has argued.
Mortgage Professional
How are first-time buyers faring?Experts have discussed market conditions for first-time buyers
Bracknell News
UK house prices fell in August at fastest annual rate since 2009, says HalifaxDespite dropping by £14,000 over the past year, the average house price remains around £40,000 or 17 above pre-pandemic levels, the lender said.
Mortgage Professional
Is buy-to-let the punching bag of the industry?Experts have discussed the conditions facing BTL landlords
Evening Standard
UK house prices fell in August at fastest annual rate since 2009, says HalifaxDespite dropping by £14,000 over the past year, the average house price remains around £40,000 or 17% above pre-pandemic levels, the lender said.
The Independent
UK house prices fell in August at fastest annual rate since 2009, says HalifaxDespite dropping by £14,000 over the past year, the average house price remains around £40,000 or 17% above pre-pandemic levels, the lender said.
Mail on Sunday
Buy-to-let hotspots where you can earn an inflation beating incomeLandlords can secure close to double-digit returns as buy-to-let yields are climbing in some parts of the country, new data reveals.
This is Money
How much more will house prices fall in the UK?House prices have fallen at the fastest pace in the last 12 months since 2009, the latest Nationwide data shows - but where will they go next?
The Intermediary
Buyers ditch detached homes as rate reality bites, say property expertsIn its August House Price Index, Nationwide stated that the biggest decline in transactional terms was in detached houses.
The Intermediary
UK mortgage borrowing rises, but net approvals and gross lending decline in July, says Bank of EnglandNet approvals for house purchases, a predictor for future borrowing, fell to 49,400 in July, down from 54,600 in June.
Mortgage Professional
Are repossessions in Scotland on the rise?Brokers discuss the latest data from Scottish Labour
The Telegraph
Mortgage rates fall for first time since May as cautious optimism takes holdBetter than expected inflation data spurs hope of interest rates falling for homeowners
IFA Magazine
Land Registry May house price index - “downward pressure on house prices was inevitable” - reactionFollowing the May Land Registry house price index published this morning, industry experts have shared their thoughts about the data with IFA Magazine. It’s be
Estate Agent Today
It’s Do-or-Die for housing market tomorrow - new warningThe publication of inflation figures by the government tomorrow will be a Do-Or-Die moment for the housing market, it’s been claimed.
The Intermediary
Inflation data “could be sink or swim for mortgage holders”Following a month of rising swap rates and lenders forced to suddenly withdraw products from market due to high demand, what do experts predict ahead of Wednesday’s results?
InYourArea.co.uk
Housing market sees noticeable downturnThe sharp increase in borrowing costs is likely to exert a significant drag on overall housing market activity, Nationwide Building Society said
Herald Scotland
3.5 annual fall in house prices in June as mortgage costs rise – NationwideThe sharp increase in borrowing costs is likely to exert a significant drag on near term housing market activity, Nationwide Building Society said.
The Independent
3.5% annual fall in house prices in June as mortgage costs rise – NationwideThe sharp increase in borrowing costs is likely to exert a significant drag on near term housing market activity, Nationwide Building Society said.
This Is Money
Natwest hikes fixed mortgage rates by up to 0.35%Virgin Money has said some two-year fixed rates will increase to over 6 per cent as a result of an additional 0.1% from 8pm on 29 June.
FTAdviser
Mortgage rate data can be ‘misleading’, say brokers‘Average’ data can be misleading and should always be caveated, according to a number of brokers said in response to questioning from Newspage.
The Independent
Average UK house price in April was £7,000 lower than last September – ONSThe average UK house price was £286,000 in April 2023, which is £9,000 higher than 12 months earlier, the Office for National Statistics said.
The Intermediary
“If rates are raised further on Thursday, the future is bleak”Many in the financial services industry are bracing themselves for the fallout from another interest rate hike.
Mortgage Solutions
Brokers urge borrowers to ‘keep calm’ as average two-year fix breaches six per centMortgage brokers have said borrowers should remain calm and look beyond average rate figures as Moneyfacts revealed the average two-year fixed rate was now 6.01 per cent.
Financial Reporter
Is there a glimmer of light in the mortgage market? - brokers reactBrokers are split on the future for mortgage rates.
The Intermediary
Number of residential products rises above 5,000The number of residential mortgage products available in the UK market has risen above 5,000, according to recent research from Moneyfacts.
Daily Mail
Mortgage rates fall as experts predict period of calmThe average five-year fixed mortgage deal in Britain fell to 5.54 per cent today from 5.55 per cent yesterday - while the average two-year was at 5.9 per cent today, unchanged from yesterday.
Mortgage Professional
UK house prices fall – what does it mean for the mortgage market?Brokers have reacted to Nationwide’s latest house prices data
Mortgage Solutions
House prices see biggest drop since 2009 – Nationwide - Mortgage SolutionsAverage house prices in the UK fell by 0.1 per cent month-on-month to £260,736 in May, figures from a high street lender showed.
Mortgage Solutions
Skipton’s 100 per cent LTV product ‘welcome step in the right direction’Brokers have broadly welcomed Skipton Building Society’s track record mortgage product saying it could help a cohort of generation rent onto the property ladder and encourage more innovation in the sector.
HeraldScotland
Scotland’s average house prices pass £200,000 but UK as a whole sees dropThe average price of a property in Scotland has once again soared past £200,000 despite stalling in other parts of the UK.
Yahoo News
Scotland’s average house prices pass £200,000 but UK as a whole sees dropThe average price of a property in Scotland has once again soared past £200,000 despite stalling in other parts of the UK.
The Scottish Sun
Great news for first time buyers in Scotland despite ‘bullish’ house pricesFIRST-TIME buyers could get easier access to mortgages in Scotland despite house prices remaining “stubbornly bullish”. The average price in the country is £201,489, which is an annual …
This Is Money
Home sales stall in stand-off over prices in wake of mortgage spikeIn total there were 89,560 residential property transactions in March on a seasonally adjusted basis, according to the latest data from HMRC.
The Independent
UK house sales fell by 19% annually in March – HMRC figuresThe number of house sales edged up by 1% compared with February 2023, according to the figures from HM Revenue and Customs.
Mortgage Solutions
Return of the 100 per cent LTV mortgage a blessing, not a curse, for FTBsDemand for 100 per cent mortgages could be very high among first-time buyers but there are concerns around credit quality and negative equity
Financial Reporter
Is it currently a buyers’ or sellers’ market? - brokers reactIndustry experts agreed that whether a buyer or a seller has the upper hand can differ by location, property type, and more.
Financial Reporter
Longer mortgage terms becoming commonplace, brokers sayBrokers discussed the pros and cons of longer term mortgages.
inews.co.uk
Homeowners stick with lenders when remortgaging to avoid £10k affordability check penaltyMore people are opting for product transfers to ensure they won’t fail affordability checks
FTAdviser
Homeowners opt for product transfers over remortgagingMortgage brokers have reported a rise in popularity of product transfers as borrowers opt for the low-stress option and lenders prioritise customer retention.
IFA Magazine
Do today’s Halifax March HPI data signal a ‘spring bounce’ for house prices? Reaction from estate agents and brokersThe latest HPI data released by the Halifax today has revealed that average house price increased by +0.8% in March (following +1.2% rise in February) and that
IFA Magazine
Halifax February House Price Index - reaction from lenders, estate agents and brokersFollowing the Halifax February House Price Index announcement, brokers, estate agents and property experts have shared their thoughts with IFA Magazine via Ne
Mortgage Professional
What’s going on with UK house prices?Index reveals rise, but industry voices concern
IFA Magazine
Nationwide September HPI - “In the property market, it is officially now business as unusual” - reactionFollowing the Nationwide September House Price Index published this morning, mortgage and property experts have commented. Andrew Montlake, managing director o
This Is Money
Bank hikes base rate to 2.25%: What it means for mortgages and savingsThe Bank of England has today increased base rate by 0.5 percentage points to 2.25% as it continues to try and dampen runaway inflation.
Daily Mail
Bank hikes base rate to 2.25%: What it means for mortgages and savingsThe Bank of England has today increased base rate by 0.5 percentage points to 2.25% as it continues to try and dampen runaway inflation.
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
The Scotsman
Average property price hits new record in Scotland - but growth slowest for three monthsThe average house price in Scotland hit a new record in August – but the market saw the slowest rate of growth in three months.
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?
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 Strategy
Questions raised over Scottish rent freeze legislationScottish First Minister Nicola Sturgeon has announced a rent freeze, designed to help tenants stay on top of their finances, amid spiralling energy bills and rising prices. The SNP, part of a coalition...
IFA Magazine
Halifax House Price Index: “House prices in the capital could bizarrely benefit from a recession” - reactionFollowing the Halifax August House Price Index published this morning, mortgage and finance experts have reacted. Andrew Montlake, managing director of the U
Mortgage Introducer
House prices and trends – Nationwide reveals the latestWith the market losing momentum, is a housing crash looming?
IFA Magazine
Nationwide House Price Index: “Obscene rise in energy bills is something that needs to be proactively addressed by lenders”...Following the Nationwide August House Price Index published this morning industry experts have reacted. Ross Boyd, founder of the always-on mortgage comparison
The Intermediary
House price growth slows but still up 0.8% – NationwideThe UK saw annual house price growth slow to 10.0% in August, down from 11.0% in July, according to the latest Nationwide House Price Index.