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Marcus Wright
Media Coverage
Business Insider
What is the BOE expected to do with business rates?The Bank of England is announcing its latest bank rate decision on Thursday, 6 November, and commentary from business owners around the UK suggest that people are divided on whether the Bank should cut...
Kent Live
‘Numbers don’t add up’ for EV owners in ‘real blow’It could be an opportunity for some people, however
Daily Mirror
EV owners given alert as ‘numbers don’t add up’It could be good news for some people, however
Express.co.uk
‘Real blow’ to EV owners after major update todayNew data has highlighted a worrying trend for owners
Daily Mail
Twice as many asylum seekers in free homes than in hotelsUK public anger over immigration has focused over the use of hotels to house migrants who are waiting to hear the outcome of their asylum claims.
The Freelance Informer
Could the political party that gives a damn about freelancers and their contribution to the economy please stand up?FTAdviser
MPC ‘most likely split’ on ‘pivotal’ rates decisionRate setters will most likely be split over a base rate cut this Thursday, according to experts, despite most expecting a cut of 25 basis points.
Mortgage Solutions
Inflation rise ‘blip’ that won’t reverse rate drops but beware swap rises – analysis - Mortgage SolutionsInflation increased in December. However, industry experts don’t see this as a portent of doom. But if swap rates rise, that could change.
London Loves Business
Company insolvencies up 17% last monthThe number of company insolvencies in September 2023 was 17% higher than the same month last year, according to official data published by The Insolvency
London Loves Business
‘Tip of the iceberg’ as Bolton Bounce Back Loan abuser banned for 10 yearsThose who abused the Bounce Back Loan (BBL) Scheme are increasingly being held to account, but experts have said this is merely the tip of the iceberg and
FTAdviser
BoE interest rate hold marks ‘new chapter for UK mortgage lending’The Bank of England’s decision to hold interest rates is “quite simply fantastic news”, according to R3 Mortgages founder and director, Riz Malik.
Express.co.uk
House price meltdown warning ahead of Bank of England’s next interest rate moveEXCLUSIVE: Another interest rate rise from the Bank of England will spark a housing market meltdown, a finance expert has said.
IFA Magazine
March insolvency data “paints a bleak and ominous picture of the economic landscape” – reaction from business finance expertsFollowing the March company and individual insolvency statistics published by The Insolvency Service this morning, financial industry experts have commented.
Mortgage Solutions
Mortgage pricing may hold steadyFixed mortgage interest rates could stay fairly stable despite today’s base rate increase, the industry has predicted.
Mortgage Solutions
Affordability pressures to soften mortgage market in 2023, UK Finance predictsDemand for new house purchase mortgages will weaken in 2023 and 2024 as cost of living increases and the rising rate environment puts pressure on affordability.
IFA Magazine
UK Finance Report warns of ‘softer mortgage market’ but does it go far enough? Brokers respondThis morning’s UK Finance report about mortgage forecasts has predicted a ’softer mortgage market in 2023, as affordability comes under pressure from inflation
FTAdviser.com
Mortgage approvals fall 11% as lenders hit by borrowing dipMortgage approvals fell 11 per cent in October their lowest level since June 2020 when the UK was battling with Covid 19
Mortgage Solutions
Nationwide BS and brokers issue spray foam mortgage warningMore homeowners are installing spray foam insulation to keep bills down but many could inadvertently end up with unmortgageable properties.
Financial Reporter
How will tomorrow’s rate rise decision affect mortgages? - brokers reactThe Bank of England is expected to raise rates by 0.75% at its next meeting.
IFA Magazine
“Sterling could fall much further and the fallout will be devastating” - reaction to fall in PoundAs the pound slumps to new lows amid market turbulence, advisers and mortgage experts comment on what it might mean for the markets: Philip Dragoumis, owner of
Mortgage Finance Gazette
Stamp duty receipts and transactions robust in Q3: HMRCStamp duty transactions lifted by 10% in the third quarter of the year compared to the previous three months, according to HM Revenue & Customs, while
Mortgage Strategy
Stamp duty transactions and receipts rise in Q3: HMRCStamp duty transactions lifted by 10% in the third quarter of the year compared to the previous three months, according to HM Revenue & Customs, while receipts rose by 11%. The rise in transactions in...
The Intermediary
Brokers hit back at Martin Lewis’s latest “irresponsible” mortgage advice“Get that fella off the TV and let’s see his CeMap papers. Since when has sound financial advice been given on speculation” said one broker.
Professional Adviser
Factor ‘uncertainty’ into client plans after Hunt statement, advisers toldAdvisers and their clients will have to scramble to rejig their strategies following chancellor Jeremy Hunt’s destruction of the economic plans laid out by his predecessor, the industry has warned.
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
Daily Mirror
Tory MPs plotting to get rid of Liz Truss as PM and replace her with Ben WallaceA group of MPs want Ben Wallace as the new PM, with Rishi Sunak back as Chancellor in a bid to calm the financial markets. They hope Liz Truss will step aside to avoid total carnage at the polls
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
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BoE hikes interest rate to 2.25% — industry reactsThe Bank of England’s Monetary Policy Committee (MPC) has voted to increase the bank rate by 0.5 percentage points to 2.25%.
Mortgage Finance Gazette
NatWest raises 5-year BTL home loan and remortgage stress rates by 35bpsNatWest has toughed its buy-to-let five-year stress rate from 4.75% to 5.10% while also lifting its BTL like-for-like remortgage stress rate by 35 basis po
IFA Magazine
Mini-Budget - “Trussmoronics not Trussonomics” - reaction from advisers, property experts and mortgage brokersThis morning’s statement from Chancellor Kwasi Kwarteng has certainly got plenty for IFAs to consider as he revealed the Government’s plan for economic growth
Mortgage Strategy
NatWest lifts 5-year BTL loan and remortgage stress rates by 35bps | Mortgage StrategyNatWest has toughed its buy-to-let five-year stress rate from 4.75% to 5.10% while also lifting its BTL like-for-like remortgage stress rate by 35 basis points to 5.10%. Brokers say landlords with loans...
The Negotiator
Stamp duty cut: Industry reacts and analysisStamp Duty is expected to be cut in tomorrow’s mini-budget and the property industry is mostly delighted but some point to blind cynicism.
FTAdviser.com
Truss ‘studiously non-specific’ with policies, say advisersAdvisers views are split on the new prime minister Liz Truss s plans to cut taxes for high earners with some stating it is welcome at a time when the economy is on the brink
IFA Magazine
Bank of England mortgage approvals: “increased use of plastic shows unbelievable pressure people are under” - industry reactionFollowing the Bank of England Money And Credit report (July) published this morning, property and mortgage experts have reacted. Andrew Montlake, managing dir
The Times
Why one in five property chains are collapsingWith 163 days until Christmas, buyers need to get a move on if they plan on enjoying the festivities in their new home, with many who agree an offer
Mortgage Solutions
Monthly cost of BTL fixed rate mortgage jumps by nearly £60 – Property Master - Mortgage SolutionsBuy-to-let landlords suffered the biggest ever increase in mortgage costs last month seeing a £59 repayment hike for the average five-year fixed rate, according to a specialist broker firm.
IFA Magazine
Halifax HPI: “Housing market continues to defy logic” - reaction from agents and brokersFollowing the Halifax June House Price Index published this morning, a number of agents and brokers have reacted. To read Russell Galey’s, Managing Director
Property Industry Eye
Industry leaders slam ‘shambolic’, ‘farcical’ and ‘archaic’ conveyancing system - Property Industry EyeBreaking property news for the residential property industry. Independent, unbiased, and factual reporting. A forum for discussion and debate of topics of the day. Subscribe for our property newsletter.
Metro.co.uk
The cost of living crisis: 16 ways Nadhim Zahawi can try to fix itAdvice for a chancellor with his work cut out.
Financial Reporter
“Conveyancing is completely broken” - brokers give their views on the market | Financial ReporterFollowing reports of record times in property conveyancing, Newspage asked 12 property and mortgage industry experts for their views on the current conveyancing system. Though some supported conveyancers,...
IFA Magazine
“Conveyancing is completely broken” - property and mortgage experts give their views on conveyancing marketFollowing reports of record times in property conveyancing, we asked 12 property and mortgage industry experts for their views on the current conveyancing syste
IFA Magazine
April GDP: “No time to start a trade war” say financial expertsWith today’s ONS April GDP data proving that the UK economy is under some serious pressure, financial experts and advisers share their views on the data with
IFA Magazine
Boris Johnson’s housing speech branded “the ultimate political meringue” by expertsToday, Prime Minister Boris Johnson announced the extension of the right-to-buy scheme. Following on from this speech, a selection of finance experts and mortga
Financial Reporter
Is the Bank of England to blame for soaring inflation?This afternoon, Bank of England governor, Andrew Bailey, and select colleagues are due to be
ManchesterWorld
Cost of living and inflation adds up to a ‘nightmare’ for GM businesses and charitiesBusinesses say spiralling costs and people having less money to spend is adding up to an extremely difficult situation.