Andrew Montlake's Media Coverage

Published:

Daily Mirror

Nationwide confirms changes for customers 'from Tuesday' as some paid £500

Nationwide has announced changes for customers that come into effect from tomorrow.

Published:

AOL.com

Halifax confirms change for customers ‘from Tuesday’ with extra cost - AOL

Experts have explained that people could need to take action quickly

Published:

Daily Mirror

Halifax confirms change for customers ‘from Tuesday’ with extra cost

Experts have explained that people could need to take action quickly

Published:

Chronicle Live

Virgin Money follows Nationwide with change for UK customers

Experts are expecting more soon as well

Published:

Daily Mirror

Virgin Money confirms immediate change for UK customers

Experts are predicting more to come

Published:

Daily Express

Virgin Money makes key change for UK customers following Nationwide

Experts are predicting others will soon follow suit

Published:

Daily Express

‘True reality’ as Nationwide gives update

That so-called confidence feels a bit wobbly

Published:

The Mirror

Nationwide update this week ‘reflects the true reality’

New data has been released following a Nationwide update this week

Published:

FT Adviser

Lloyds £5k deposit mortgage ‘shot in the arm’ for FTBs

new £5,000 deposit mortgage is “a genuine shot in the arm for aspiring homebuyers”, according to brokers.

Published:

Thisismoney

Lloyds launches first-time buyer mortgage which requires just a £5,000 deposit - is it a good way to get onto the property...

Lloyds Bank has become the latest lender to launch a low-deposit mortgage that could help first-time buyers get on the ladder earlier.

Published:
Published:

Daily Express

New Nationwide update from customers with change ‘from Tuesday’

It’s been welcomed, but with caution

Published:
Published:

Daily Express

‘Surprising’ new Nationwide Friday update

New figures have been published

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Published:
Published:

Daily Mirror

NatWest, Barclays and TSB new updates as customers told ‘act fast’

NatWest, Barclays and TSB have all announced further cuts

Published:
Published:

The Mirror

New Virgin Money announcement affects customers ‘from today’

It has followed others in making changes and it kicks in straight away

Published:

Daily Express

Virgin Money customers ‘change from today’ but ‘act fast’

It kicks in on Thursday and follows similar moves by others

Published:

Liverpool Echo

Nationwide makes new announcement and customers ‘should take action’

Halifax has also given an update and others are predicted to follow

Published:

Lancs Live

Nationwide makes new announcement and customers ‘should take action’

Halifax has also given an update and others are predicted to follow

Published:

Cambridge Live

Nationwide makes new announcement and customers ‘should take action’

Halifax has also given an update and others are predicted to follow

Published:

Daily Star

Nationwide customers given new update with ‘act now’ advice

Halifax also gave an update on Monday afternoon

Published:

Teeside Live

Nationwide and Halifax confirm further mortgage rate increases

Halifax has also given an update and others are predicted to follow

Published:

Birmingham Live

Nationwide and Halifax confirm further mortgage rate increases

It comes after a recent update regarding the conflict in the Middle East

Published:
Published:

Daily Mirror

Nationwide customers given new update with ‘act now’ advice

Halifax also gave an update on Monday afternoon

Published:

Surrey Live

Nationwide makes new announcement and customers ‘should take action’

Halifax has also given an update and others are predicted to follow

Published:

My London

London map shows areas where house prices falling more than anywhere else in UK

A London mortgage broker has issued some key advice for those looking to buy in the capital

Published:

The Pembrokeshire Herald

House prices rise 1% annually but experts warn Iran crisis could hit market

HOUSE prices across the UK increased by one per cent over the past year, according to the latest figures from Nationwide, but experts have warned that global tensions could quickly undermine the fragile...

Published:

Thisismoney

House prices rise in 'modest recovery' - but will a Middle East conflict mortgage spike derail growth?

House prices grew 1 per cent in the year to February in a 'modest recovery', Nationwide Building Society data shows.

Published:

Express.co.uk

Key Nationwide update for customers but it ‘could be derailed’

It’s been a turbulent weekend on the world stage

Published:

Daily Mirror

Nationwide gives ’10% rise’ update but weekend events ‘could derail’

Experts have given their verdict after a turbulent weekend on the world stage

Published:

The Independent

Mortgage price wars as three major lenders slash rates in boost to homeowners

Nationwide’s best rate is now down to 3.54 per cent - but you need a big deposit to benefit

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what MORTGAGE

Mortgage rates cut today – what’s the advice for borrowers? - what MORTGAGE

Three major mortgage lenders have cut fixed rates today following in the footsteps of Nationwide, which lowered prices last week.

Published:

Property Portfolio Investor

Barclays becomes latest lender to raise mortgage rates as pressure builds on borrowers

Barclays has increased mortgage rates by up to 0.15%, following similar moves by HSBC and Nationwide, as rising inflation and swap rates pressure borrowers.

Published:

Devon Live

Nationwide big change from Thursday - some could get £500 cashback

The move from the major UK lender has been described as a ‘massive statement’

Published:

Wales Online

Nationwide changes from Thursday, January 15 and £500 cashback

The move from the major UK lender has been described as a ‘massive statement’

Published:

Express.co.uk

Nationwide slashes mortgage rates to 3.5% in ‘massive market statement’

Nationwide ‘just fired their starting gun’ for the 2026 property market, an expert says.

Published:

Thisismoney

Rise of first-time boomers! Spike in over 60s finally getting on the property ladder revealed by major bank

Older first-time buyers are becoming much more common, and there has even been a spike in those in their 60s and beyond getting on the property ladder, according to a major bank.

Published:

Grimsby Live

Santander ‘debunks myth’ after helping 70year-old buy home

Figures show a sharp rise in people over 60 buying their first home

Published:

Essex Live

Santander ‘debunks myth’ after helping 70year-old buy home

Figures show a sharp rise in people over 60 buying their first home

Published:

Somerset Live

Santander ‘debunks myth’ after helping 70year-old buy home

Figures show a sharp rise in people over 60 buying their first home

Published:

Express.co.uk

Rachel Reeves ‘sleepwalking into disaster’ after latest dire GDP figures

Rachel Reeves has admitted she is considering tax rises to plug a rumoured £30 billion black hole in public finances.

Published:

Daily Telegraph

Budget has ‘slammed the brakes’ on property market

The Government is to blame for falling house prices, mortgage brokers have said, ahead of the Budget next month.

Published:

Express.co.uk

‘I’m a mortgage expert – here’s why housing market is now a buyers’ market’

Finally there’s some good news for those looking to buy property.

Published:

Birmingham Live

98% of adults living with parents can’t afford to buy first-time buyer home

“The problem is the cost of everything,” one finance expert lamented

Published:

what MORTGAGE

Mortgage choice at 17-year high for low deposit borrowers - what MORTGAGE

The choice of mortgages for borrowers with small deposits has risen to a 17-year high, according to the latest data from Moneyfacts.

Published:

Express.co.uk

Low deposit mortgages hit 17-year high as lenders ‘bend over backwards’

There are currently more than 1,300 low-deposit mortgages on the market, new data shows.

Published:

Yorkshire Evening Post

House prices here in Leeds remain feisty as UK average approaches £300,000

House prices remain feisty in Leeds as the UK average leapt to a new record high - and could hit £300,000 by the end of the year.

Published:

Daily Telegraph

Budget could disrupt housing market, warn brokers

Mortgage brokers raised the alarm that Rachel Reeves’s upcoming Budget could disrupt the housing market.

Published:

Express.co.uk

UK economic crisis worsens as house prices fall piling more pressure on Reeves

The UK economy crisis has worsened as house prices have suffered a surprise fall, with experts warning “confidence is fragile” in the market

Published:

Chester and District Standard

Rise in number of mortgage approvals to home buyers in May, says Bank of England

The increase in mortgage approvals for house purchase was described as a ‘welcome breath of fresh air’ by one housing market expert.

Published:

Birmingham Live

Mortgage approvals up for first time since December 2024

Approvals for remortgaging have also seen an increase in the latest data

Published:

North Wales Chronicle

Average UK house price slumps by £1,150 month-on-month – Halifax

Stamp duty discounts became less generous for some home buyers from April.

Published:

Yorkshire Live

Millions of Brits wake up to unexpected £1,150 blow on Friday

The average property price dropped 0.4 per cent month on month in May to £296,648, Halifax says

Published:

Birmingham Live

Millions of UK households wake up and lose unexpected £1,150 on Friday

The average property price dropped 0.4 per cent month on month in May to £296,648, Halifax says, in a blow for households.

Published:

This Is Money

Average house prices FELL in May as affordability ‘still a challenge’

Average property prices are now £296,648, compared to £297,798 the previous month, Halifax said.

Published:

Express.co.uk

Huge update for homebuyers with Halifax and Santander

Halifax, Santander and Accord have hiked their fixed mortgage rates in the past 24 hours

Published:

Devon Live

Halifax, Santander, and Accord raise mortgage rates

The increases, though modest, are likely to spread as lenders react to stubborn inflation

Published:

Sky News

'Death by 1,000 increases': Three major lenders push mortgage rates up

Three major lenders have pushed mortgage rates up in the past 24 hours.

Published:

Nottinghamshire Live

Halifax, Santander, and Accord raise mortgage rates

The increases, though modest, are likely to spread as lenders react to stubborn inflation

Published:

Liverpool Echo

Halifax, Santander, and Accord raise mortgage rates

Halifax and Santander announced rate hikes this week

Published:

Express.co.uk

Mortgage borrowers urged to act now as cheap 3.89% rate disappears

The decision by one lender to raise rates, after reducing them earlier in the week, has prompted experts to warn mortgage borrowers to review their finances.

Published:

Express.co.uk

Experts explain how to make the most of the Trump slump

Stock markets may be experiencing a period of turmoil but experts claim it may also be an ideal time for Brits to reset their finances.

Published:

Moneyweek

Trump trade tariffs: UK mortgage rates could fall below 4%

Stock markets have been rattled by Trump’s trade tariffs but there could be benefits for mortgage borrowers

Published:

Express.co.uk

UK households with a mortgage told Trump tariffs could actually be good news

A mortgage lender said it was reducing its rates as a result of US President Donald Trump’s ‘Liberation Day’ tariffs.

Published:

What Mortgage

Dip in mortgage approvals as stamp duty deadline approaches - What Mortgage

The number of mortgages taken out by homebuyers dipped in February as the rush to beat the stamp duty deadline eased off.

Published:

FTAdviser

Mortgage approvals fall again for Britain’s would-be homeowners

Britons have seen an increase in UK lenders turning down mortgage requests for both would-be

Published:

The Independent

Interest rates fall to 4.5 per cent – will your mortgage get cheaper?

The base rate is down 25 basis points and some lenders have already priced in the cut

Published:

Mortgage Soup

Halifax cutting mortgage rates by up to 0.3% ‘could trigger a chain reaction’ | News

The Halifax is cutting rates by up to 0.3% on selected mortgage products tomorrow. Homemover and first-time buyer products will see rate reductions on selected products up to 0.11% and product transfer...

Published:

Property Industry Eye

More lenders drop mortgage rates as product choice improves - Property Industry Eye

More lenders drop mortgage rates as product choice improves - Breaking news for estate agents and the residential property industry. Independent, unbiased, and factual reporting. A forum for discussion...

Published:

This Is Money

Three banks drop mortgage rates: Will more follow?

Mortgage lenders may be pre-empting an interest rate cut by the Bank of England tomorrow, with a 0.25 percentage point cut to 4.5% all but nailed on.

Published:

The Sun

Four major lenders slash mortgage rates ahead of Bank of England decision

FOUR major lenders are reducing mortgage rates ahead of a key Bank of England decision this week. Barclays, Coventry Building Society and Yorkshire Building Society have all dropped rates on a rang…

Published:

Mortgage Soup

Mortgage approvals rise in December as borrowing rebounds | News

Net mortgage approvals for house purchases slightly increased to 66,500 in December, compared to a decrease of 2,300 in November, latest Bank of England data revealed this morning. Approvals for remortgaging...

Published:

The Sunday Times

Why the January mortgage sale may already be over

Bad news for homeowners as the rise in yields on government bonds could spell a swift end to the rate war

Published:

The Sunday Times

Get ready for the £104 billion January mortgage rush

A price war among lenders could spell good news for buyers

Published:

FTAdviser

Mortgage rates will start with 3 next year

Mortgage rates are “likely to start with a three once more” with the market expecting a bumper start to the new year, Coreco managing director, Andrew Montlake, has said.

Published:

BNN Bloomberg

London Rents Rising at Record Pace Add to Pressure on Labour

Housing rents in London are soaring at the fastest pace on record after a resurgence that deepens the crisis facing the city’s tenants.

Published:

City AM

London rents rise again as house prices hold: ‘It is nothing short of brutal’

Rents in London have continued to rise by double digits despite a stabilisation in the wider housing market.

Published:

Bloomberg

London Rents Rising at Record Pace Add to Pressure on Labour

Housing rents in London are soaring....

Published:

Financial Times

London rents rise at record 11.6%

Landlords in the capital have been passing on higher costs to tenants amid a shortage of properties

Published:

This Is Money

Another major bank just cut its fixed rate mortgages

While the cheapest mortgage rates are edging down, the average rate across the whole of the market has been increasing.

Published:

Express.co.uk

Housing prices soar in huge ‘curveball’ after Rachel Reeves ‘butchers market’

Rising inflation meant the prospect of a cut in interest rates now seems remote, says Andrew Montlake, Managing Director at Coreco.

Published:

Express.co.uk

NatWest pushes up mortgage rates as banks turn screw on home buyers

The decisions come against the background of the October budget

Published:

The Guardian

UK mortgage rates creep up as brokers warn of possible ‘further pain’

Concerns interest rates will stay higher for longer if official data on Wednesday shows inflation is back above 2% target

Published:

The Times

Interest rates to fall more slowly due to Rachel Reeves’s budget

Inflationary pressures of Labour’s budget mean that the cost of borrowing is likely to fall just twice next year, according to traders

Published:

Manchester Evening News

Doubts over next Bank of England rate move despite cut today

The Bank of England has cut the base rate by a quarter point to 4.75 percent but there are fresh questions about whether more rate cuts will follow

Published:

Express.co.uk

Doubt over next Bank of England move despite surge in demand as interest rates f

There are hopes that banks and building societies will be launching cheaper deals, but two factors are worrying financial analysts

Published:

Evening Standard

Average tracker mortgage payments will fall by nearly £30

The reduction follows the 0.25% cut to the Bank of England base rate.

Published:

Birmingham Live

£652 warning issued to anybody who hasn’t cleared their credit card debt

The average credit card purchase APR in October was 35.4%, according to Moneyfacts, and people whose balance isn’t clear face bills of hundreds despite the Bank of England rate cut.

Published:

The Telegraph

House prices surge amid fears of capital gains tax raid - latest updates

The average UK house price has come within a whisker of a new record high as homeowners raced to sell up ahead of expected tax rises in the Budget.

Published:

AOL

UK property deals surge as banks approve most mortgages since 2022

UK mortgage approvals have hit their highest level in two years, in another sign that demand in the property market is picking up.

Published:

Letting Agent Today

No Chance of Rate Cut Today - mortgage experts warn on economy - Letting Agent Today

News that the headline rate of inflation remains at 2.2% has killed hopes of a cut in interest rates today.

Published:

This Is Money

House prices are still rising but the pace of growth is cooling

Average property prices continued to rise in the year to August, but the pace of growth has cooled, new data from the ONS revealed.

Published:

The Times

Mortgage rates are finally dropping — here’s how to get the best deal

Five-year fixes at less than 4 per cent are available — but not for everyone. Luckily George Nixon has some tips to help you to beat the rush

Published:

Midweek Herald

Nationwide ‘sprinkles stardust’ on housing market as it slashes mortgage rates

Mortgage rates continue to edge lower, as Nationwide announces a fresh round of cuts.

Published:

Express.co.uk

Nationwide launches ‘incredible’ fixed rate home loan

The move by Nationwide trumps a series of reductions launched by rivals HSBC, Barclays and TSB earlier this week.

Published:

inews.co.uk

Nationwide and HSBC launch cheapest mortgage rates as price war heats up

Mortgage rates are continuing to come down in a boost for homeowners who have faced high repayments costs

Published:

Wandsworth Times

Nationwide ‘sprinkles stardust’ on housing market as it slashes mortgage rates

Mortgage rates continue to edge lower, as Nationwide announces a fresh round of cuts.

Published:

The Wiltshire Gazette and Herald

Nationwide ‘sprinkles stardust’ on housing market as it slashes mortgage rates

Mortgage rates continue to edge lower, as Nationwide announces a fresh round of cuts.

Published:

The Bolton News

Nationwide ‘sprinkles stardust’ on housing market as it slashes mortgage rates

Mortgage rates continue to edge lower, as Nationwide announces a fresh round of cuts.

Published:

This Is Money

Nationwide cuts again and offers cheapest five-year fix

The new rates will be effective from tomorrow and will include the cheapest five-year fixed rate deal on the market.

Published:

CityAM

Rising London rents are ‘a pressure cooker ready to explode’ as home ownership ‘inching out of reach’

Rental prices in London have remained sky-high, meaning that home ownership is increasingly out of reach despite flat house prices.

Published:

Evening Standard

Halifax and Nationwide cut mortgage rates once again as price war gathers pace

Cheaper home loans expected to fuel a bouyant property market in the autumn

Published:

The Sun

All the major lenders offering sub 4% mortgages as banks battle on rates

MAJOR lenders are battling it out to offer lower rates in a boost for homeowners and first-time buyers who have been hit by soaring costs. A flurry of mortgages have hit the market with interest be…

Published:

Birmingham Live

Halifax issues £999 message to customers and ‘expect more to follow’

Halifax has today announced cuts on selected products of up to 0.16 per cent and highlights include a 5-year fixed rate at 3.99% with a £999 fee up to 60% LTV.

Published:

Bristol Live

Bank of England cuts base interest rate from 5.25 to 5% - experts react

The Bank of England’s Monetary Policy Committee voted 5-4 in favour of a quarter-point reduction in the base rate - the first time it has been cut in more than four years

Published:

WalesOnline

Bank of England cuts base interest rate from 5.25 to 5% - experts react

The Bank of England's Monetary Policy Committee voted 5-4 in favour of a quarter-point reduction in the base rate - the first time it has been cut in more than four years

Published:

Evening Standard

FTSE 100 Live: Bank of England cuts interest rates to 5%

Rolls-Royce and Next shares are riding high amid a packed session of corporate results.

Published:

Express.co.uk

Interest rate cut hailed as ‘real turning point’ as experts react to decision

It is hoped the move will bring down the cost of borrowing for those carrying mortgages, credit card debt and other loans.

Published:

Property Investor Today

Why are interest rates falling now - and so quickly?

Why are interest rates falling now - and so quickly?

Published:

This Is Money

Mortgage rate battle steps up: Barclays and TSB latest to cut costs

Moves from the two banks follow Nationwide’s mortgage cuts yesterday that saw the cheapest five-year fix deal dip below 4% for the first time since February.

Published:

Birmingham Live

Barclays and TSB issue message to mortgage holders and ‘others will follow suit’

Newspage asked brokers for their thoughts on this continued price shift in the market, and whether it signals lenders believe a base rate cut is looming on the financial horizon, potentially next week.

Published:

FTAdviser

‘Sub-4% mortgage back’ as Nationwide makes changes

The sub-4 per cent mortgage has made a comeback as Nationwide announces a fresh range of rate reductions. Whenthebanksaysno.co.uk managing director, , has stated.

Published:

Express.co.uk

Nationwide offers new mortgage rates from 3.54% on select deals after more cuts

The move comes a week before the Bank of England’s new interest rate decision.

Published:

The Sun

House payments were delayed after global CHAPS issue hit bank transfers

HOUSE buyers were hit with payment delays today after a global system went down. The Bank of England (BoE) said it was experiencing problems with CHAPS – the Clearing House Automated Payment …

Published:

BBC News

House payments delayed by ‘global payments issue’

The Bank of England says the problem is resolved and the CHAPS system will soon clear the backlog.

Published:

Letting Agent Today

Election result already priced-in to housing market, says top analyst

The result of the election isn’t likely to be a gamechanger for the housing market, a prominent business consultancy says.

Published:

Birmingham Live

Santander announces ‘small but important’ new rules for customers

The high street bank has confirmed new rates which brokers say will kick off a war among high street banks.

Published:

Express.co.uk

Santander sparks mortgage price war hopes as lender slashes interest rates

Industry experts say this latest move has the potential to ramp up a rates battle between Britain’s biggest lenders.

Published:

The Negotiator

Return to ultra-low interest rates unlikely says lending giant boss

Lloyds Banking Group Chief Executive Charlie Nunn says while interest rate cuts from the Bank of England expected later this year would be ‘beneficial’ homeowners shouldn’t expect a return to ultra-low...

Published:

Express.co.uk

Housing experts upbeat as HSBC cuts the cost of new mortgages

Barclays and NatWest have already announced significant reductions in recent days and mortgage brokers believe others will follow suit.

Published:

The Guardian

Barclays and HSBC to cut fixed-rate mortgage deals

Other lenders likely to follow suit as analysts say cuts of up to 0.31 percentage points could fuel ‘summer of savings’

Published:

BBC News

HSBC joins rival UK banks in cutting mortgage rates

Some lenders are trimming rates after the Bank of England hinted about a drop in borrowing costs.

Published:

Sky News

Big high street lender cuts rates in 'starting pistol for summer deals'

HSBC is the latest lender to announce a wide range of mortgage rate cuts as swap rates improve.

Published:

Express.co.uk

Credit card debt surges by almost £5bn as punishing rates send bills spiralling

People who are relying on credit card to cover everyday expenses, such as food, clothes and energy, are facing punishing interest rate bills.

Published:

Financial Times

Credit card debt hits UK mortgage affordability

Outstanding card balances on the rise as interest rates remain high

Published:

Express.co.uk

Watch out for Big Wednesday - Bank of England decides financial fate of millions

That is the day that the latest inflation figure is announced and it will be crucial in terms of whether the Bank of England will decide to cut interest rates the following day.

Published:

London Business News

Bank of England inflation attitudes survey ‘suggests the cost of living crisis still feels very real’

Learn about the results of the Bank of England’s Inflation Attitudes survey. Understand how the cost of living crisis is impacting households.

Published:

The Money Pages

Lenders hike mortgage prices: Advice to borrowers seeking new deals

Mortgage rates have increased again this week with Barclays and TSB amongst the lenders raising prices.

Published:

What Mortgage

Labour manifesto promises to ‘get Britain building again’

Labour said it would build 1.5 million new homes over the next parliament, reform the planning system and take a ‘brown field first’ approach to building in its manifesto, unveiled today.

Published:

London Business News

Interest rates expected to ‘hold’ amid worries ‘inflation will return’ this winter

Stay updated on the latest interest rate projections amidst inflation concerns. Find out if the Bank of England will hold rates steady this winter.

Published:

What Mortgage

Tory manifesto: What’s in it for homeowners and first-time buyers?

The Conservatives have pledged to make permanent stamp duty cuts for first-time buyers and introduce a ‘new and improved’ Help to Buy scheme.

Published:

What Mortgage

Freedom to Buy: Labour’s election pledge to help first-time buyers

Labour has pledged to make the Mortgage Guarantee Scheme (MGS), which improves availability of low deposit deals, permanent if it wins the general election.

Published:

The Negotiator

Mortgage brokers slam Labour’s ‘Freedom to Buy’ as sham

Labour it would change the existing mortgage guarantee scheme into a permanent fixture if it wins the election, but leading brokers are unimpressed.

Published:

Express.co.uk

Key reason Bank of England pressured to cut interest rates before election

The key ECB rate has come down to 3.75 percent which compares to 5.25 percent figure in the UK.

Published:

FTAdviser

ECB decision fires starting pistol on UK rate reductions

The European Central Bank cutting rates has "potentially fired the starting pistol on UK rate reductions", according to Coreco managing director, Andrew Montlake.

Published:

FTAdviser

Santander product changes ‘step in the right direction’

A number of changes to Santander’s affordability criteria and to its LTV limits are “a step forward” for those eyeing the upper end of the market, according to one broker.

Published:

This Is Money

Mortgage approvals for house purchases hit 17-month high

It marks the highest level for mortgage approvals since September 2022, when rates began to skyrocket following the disastrous mini-Budget.

Published:

Bridging & commercial

House prices see 1.6% rise in March compared to last year say Nationwide

House prices increased by 1.6% in March, compared to last year, despite a small decline of 0.2% from February of this year according to the Nationwide HPI.

Published:

The Intermediary

NatWest makes “encouraging” changes to new business mortgage products

The changes will come into effect from tomorrow (21st March 2024).

Published:

Sky News

Money blog: Coventry Building Society cuts mortgage rates - and ‘others will follow’

Coventry Building Society has responded to falling swap rates by announcing cuts to most of its mortgage rates. Read this and all the latest consumer and economic news in the Money blog. Leave your money...

Published:

The Intermediary

Coventry for Intermediaries “leads the march” with mortgage rate reductions

In its residential range, the lender will be withdrawing all of its fixed rates at 80% loan-to-value (LTV) for new borrowers.

Published:

The Intermediary

Annual pay growth slows to 6.1% in January – ONS

In light of labour market data, Newspage asked experts when the Bank of England should cut the base rate — and if a cut may now come sooner.

Published:

The Intermediary

House prices up for fifth month on the spin, Halifax

The UK housing market sees a steady start to 2024 with a consistent rise in house prices, as industry experts call for interest rate cuts to sustain growth and support homebuyers.

Published:

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...

Published:

The Intermediary

Plans for 99% mortgages apparently scrapped - reaction from brokers

This comes following January reports that the Chancellor was set to introduce 1% deposit, or 99% loan-to-value (LTV) mortgages as part of the upcoming Spring Budget.

Published:

Birmingham Live

Millions of mortgage holders told controversial rule will be scrapped

Jeremy Hunt and the Tory government have made the decision after resistance from the banking community, according to Government insiders, it has been reported.

Published:

Property Industry Eye

What impact will government’s 1% deposit mortgage scheme have on the housing market?

What impact will government’s 1% deposit mortgage scheme have on the housing market? - Breaking news for estate agents and the residential property industry. Independent, unbiased, and factual reporting....

Published:

The Mirror

UK house prices fall at fastest rate for more than 12 years, says ONS

House prices fell by 2.1% over the 12 months to November 2023 to reach £285,000 on average, the Office for National Statistics

Published:

The Independent

Average cost of a home falls at fastest rate in more than 12 years

A surprise acceleration in inflation on Wednesday could make some lenders more cautious when cutting mortgage rates, experts have suggested.

Published:

Yahoo Finance

London house prices fall at fastest pace since 2009

The average London home has lost £26,000 in value in just two months, according to official data

Published:

Evening Standard

London house prices fall at fastest pace since 2009

The average London home has lost £26,000 in value in just two months, according to official data

Published:

inews.co.uk

Cheaper mortgage deals ‘imminent’ on back of surprise inflation news

Mortgage rates are expected to come down even further in the new year after lower than expected inflation

Published:

inews.co.uk

‘All out rate war’ predicted for mortgages after inflation falls and HSBC and Halifax cut rates

Inflation has fallen to the lowest level in two years - and brokers are expecting mortgage rate cuts as a result

Published:

inews.co.uk

Mortgage rates could drop below 4.5% within two weeks after Nationwide starts ‘mini price war’

Brokers expect that more mortgage lenders will follow Nationwide’s lead in the coming days

Published:

Birmingham Live

‘Music to ears’ warning issued to anbody with Lloyds, HSBC, Natwest mortgage

The Chair invited the Committee to vote on the proposition that Bank Rate should be maintained at 5.25 per cent.

Published:

inews.co.uk

Mortgage rates could drop below 4% by next summer, saving the average home owner £700 a year

Several brokers told i they expect some lenders to cut their rates significantly to gain more customers

Published:

Express.co.uk

Low interest high-fee mortgage deals could be ‘the next big mis-selling scandal’

One broker said the low-rate high-fee mortgage products could be “the next big mis-selling scandal”.

Published:

This Is Money

Borrowers warned against being ‘hypnotised’ by lower mortgage rates

Some lenders are now charging a percentage of the mortgage balance as a fee - which could add thousands of pounds to the cost of a borrower’s loan.

Published:

The Intermediary

Brokers criticise lenders for giving notice of rate changes without publishing them

More and more lenders are announcing they are cutting rates but are not actually revealing those cuts until the next day, frustrating brokers.

Published:

Letting Agent Today

Eyes on Lenders - rates expected to drop sharply this week

Mortgage experts are expecting significant falls in the cost of borrowing this week as lenders drop their rates.

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Your Money

Lowest mortgage rates below 5% for first time since June - Your Money

The lowest available mortgage rate has fallen below five per cent for the first time in three months, data from a property portal has shown.

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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.

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Evening Standard

Interest rate hike pause ‘offers some relief to those struggling with mortgage costs’

The rate pause brings relief to mortgage holders but some finance experts suggested the best cash savings deals may not be around for much longer.

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B&C

Optimism strikes the market, as BoE keeps base rate at 5.25%

The Bank of England’s Monetary Policy Committee (MPC) has voted by a majority of 5-4 to maintain the bank base rate at 5.25%.

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FTAdviser

Latest inflation data is ‘signal’ to hold interest rates

The latest inflation data will “signal” to the Bank of England to hold interest rates at their current level and “kickstart the property market”, according to one broker.

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The Independent

Annual house price growth slows amid record jumps in rental prices

Property values increased by 0.6% annually in July 2023, compared with a 13.8% annual rise in July 2022.

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Evening Standard

Bank of England may pause interest rate hikes as inflation dips, City bets suggest

Markets see Thursday’s interest rate decision from the Bank of England’s Monetary Policy Committee as effectively a coin toss

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Financial Reporter

Inflation sees surprise fall to 6.7%

The UK’s headline rate of inflation has nudged down, helped by an easing of food and accommodation prices.

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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.

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Mortgage Professional

Bank of England interest rate reaction – brokers give their verdict

Many believe small businesses will feel the full force of this decision

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FTAdviser

BoE’s 14th consecutive interest rate rise is ‘absolute lunacy’

The latest increase in interest rates by the Bank of England is “absolute lunacy”, Mather and Murray Financial independent financial adviser, Samuel Mather-Holgate has stated.

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Mortgage Professional

Would 40-year mortgages be good for the market?

Brokers discuss the idea of ‘Dutch-style’ mortgages – one thinks its “bonkers”

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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.

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Financial Reporter

Sexual harassment claims in financial services more than triple in past year

Financial Reporter asked industry experts for their views on the figures.

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Bridgwater Mercury

Average UK house price fell by about £1,000 month-on-month in April – Halifax

The typical property value fell by £995 month-on-month and some further downward pressure on house prices should be expected this year, Halifax…

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The Independent

Average UK house price fell by about £1,000 month-on-month in April – Halifax

The typical property value fell by £995 month-on-month and some further downward pressure on house prices should be expected this year, Halifax said.

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FTAdviser.com

Mortgages agreed on eve of mini-Budget ‘highest since 2007’

The value of new mortgage commitments was the highest recorded since 2007 on the eve of the mini Budget which brokers say has since torpedoed demand

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Mortgage Strategy

Third quarter new mortgage value highest since 2007: BoE

The value of new mortgage commitments made during Q3 2022 was £87.8bn, shows new Bank of England (BoE) data – a 4.5% jump on the previous quarter and the highest value seen since Q3 2007. At the same time,...

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Mortgage Strategy

Mortgage borrowing drops in October: BoE | Mortgage Strategy

The amount of net mortgage debt taken on fell from £5.9bn in September to £4bn in October, figures from the Bank of England (BoE) show. This, it adds, is the lowest level recorded since November 2021,...

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Mortgage Solutions

Property transactions hold up in October – HMRC - Mortgage Solutions

Seasonally adjusted residential property transactions reached 108,480 in October, a 38 per cent rise on the same month last year.

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Mortgage Professional

The latest on UK property transactions revealed

Mortgage experts react to latest figures released by the HMRC

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Mortgage Professional

Are tracker products a good option?

Renewed interest in trackers follows BoE interest rate increase

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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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The Times

Fix or variable: return of the mortgage dilemma

You may be better off with a variable rate mortgage — if you can stand the uncertainty. Average two-year and five-year fixed rates both hit 6 per cent this week

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BBC News

Mortgage rates still rising as big lenders revise deals

The average rate of a new two-year fixed rate mortgage is 6% as the UK’s biggest lenders change prices.

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This Is Money

Millions face rocketing mortgages bills as base rate tipped for 6%

The staggering extra cost threatens to tear another hole in household budgets at a time when many families are struggling due to the cost-of-living crisis.

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inews.co.uk

Everything homeowners and potential buyers need to know about the pound’s impact on mortgages

We reveal what you can do if you need to re-mortgage and what your options are if you’re a first time buyer

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The Sunday Times

Panicking homeowners rush to lock in fixed-rate mortgages

Homeowners are rushing to find a new fixed mortgage deal amid fears that the Bank of England is set to increase rates rapidly after Friday’s mini-budget.Some bo

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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

UK house prices leap to £292,000 in July as annual growth doubles – ONS - Mortgage Solutions

The average price of a house in the UK reached £292,118 in July, representing a 15.5 per cent annual increase and a two per cent monthly rise.

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This Is Money

House prices up 10% in a year but starting to slow, says Nationwide

Despite rapid mortgage rate rises and bigger bills hampering borrowers, house prices continued to rise - taking the cost of the average house to £273,751.

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Daily Mail

House prices up 10% in a year but starting to slow, says Nationwide

Despite rapid mortgage rate rises and bigger bills hampering borrowers, house prices continued to rise - taking the cost of the average house to £273,751.

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IFA Magazine

Bank of England mortgage approvals: “increased use of plastic shows unbelievable pressure people are under” - industry reaction

Following the Bank of England Money And Credit report (July) published this morning, property and mortgage experts have reacted. Andrew Montlake, managing dir

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Daily Mail

Average house in England now costs nearly NINE times typical salary

The average home sold in England cost the equivalent of 8.7 times the average annual disposable household income.

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The Telegraph

Two million homeowners will be hit by ‘mortgage rate shock’ next year

Cheap loan deals are expiring just as the Bank of England pushes up its interest rate

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Express.co.uk

Property: Most affordable areas to buy in the UK as homes cost Britons 8.7x average income

PROPERTY sales in England have cost buyers the equivalent of 8.7 times the average household’s annual disposable income, according to new data released by the Office for National Statistics. The affordability...

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IFA Magazine

HMRC Property Transactions: “Last year’s data was skewed signifcantly by the Stamp Duty holiday” - reaction

Following the June 2022 property transactions data just published, mortgage and financial experts have commented: Alastair Hoyne, managing director at London-b

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inews.co.uk

House prices jumped by more in a year than the average UK worker earns annually

The rise in prices surpassed the level of the average annual UK salary based on the latest data, although some commentators expect interest rate rises to start to cool pace of growth.

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Mortgage Solutions

Mortgage demand expected to soften in Q3 – BoE - Mortgage Solutions

Lenders expect the demand for mortgages to decline in Q3 this year following a rise in activity during Q2.

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Express.co.uk

Record four month wait to buy a house as market is paralysed by ‘broken’ system

BRITAIN’S housing market has been paralysed by a ‘broken’ system that is leading to record delays for both buyers and sellers.

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IFA Magazine

BoE mortgage approvals - “People who have been procrastinating are very proactive” - reaction from brokers

Following today’s Bank of England Money & Credit report (May) issued this morning, mortgage brokers comment on the data and reveal that they’re still fi

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Mortgage Strategy

Planning application slump thwarts Govt plans to boost housing stock | Mortgage Strategy

Planning applications continued to fall in the first quarter of this year, despite repeated government pledges to build more homes and tackle the UK’s housing crisis. Figures from the Department for Levelling...

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Mortgage Strategy

Base rate rises to 1.25%: Industry reaction | Mortgage Strategy

Earlier today the Bank of England (BoE) announced a base rate increase of 25 basis points to 1.25%, in a move described as a “missed an open goal”. The increase marks the fifth base rate rise since December...

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The Telegraph

House price boom is over as economic turmoil bites, warns Halifax

Property values rose by 10.8pc in a year but will soon slow

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The Telegraph

Property market ‘past its peak’ as house price growth slows to a crawl

Monthly property price increase in April was 0.3pc

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Mortgage Strategy

Cover feature: Brokers struggle as lenders hike rates and pull deals

There has been a surge of activity in the mortgage market in recent weeks, with hundreds of deals being pulled and lenders hiking rates on many more products. This is causing serious problems for brokers...

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Bridging & Commercial

MIMHC launches industry survey ahead of Mental Health Awareness Week

The Mortgage Industry Mental Health Charter (MIMHC) has launched a survey on mental health and wellbeing in the industry.

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The Independent

House sales down by a fifth in February compared with a year earlier

Transactions in February this year were around 20.8% lower than in February 2021, HM Revenue and Customs said.

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Daily Mail

Britons rush to remortgage to escape rising interest rates

A total of £27.3bon of remortgages were agreed in the last three months of 2021, the highest in three years.

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IFA Magazine

UK property market goes down the rabbit hole

There’s surreal and there’s the UK property market, which takes surreal to a whole new level. Imagine Dali, on angel dust.The Halifax house price index for

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IFA Magazine

Property market branded “a law unto itself” following extraordinary February growth

Economic logic and the UK property market rarely go hand in hand and this was once again the case in February. Despite the soaring cost of living and interest

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The Independent

Average UK house price is £24,500 higher than a year ago, says Halifax

With household budgets under pressure from rising living costs, Halifax predicts the pace of house price growth will slow considerably.

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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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Mortgage Strategy

Rate rise could ‘put brakes’ on housing boom

The Bank of England’s decision to raise the base rate from 0.25% to 0.5% could put the brakes on a runaway housing market, which has seen prices boom over the past 18-months. This is the first back-to-back...

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The Independent

How worried should we be about a base rate rise?

An interest rate increase is imminent. But how hard will it hit us?

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Financial Reporter

Should the Bank of England raise rates this week? - Intermediaries respond

The Bank of England is expected to raise interest rates again this week to contain 30-year high inflation.

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Mortgage Solutions

Property transactions return to pre-Covid levels – ONS

The number of residential property transactions completed in December totalled 113,470 when non-seasonally adjusted, lower than the level of transactions in 2020 but similar to levels seen before the pandemic.

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Mortgage Solutions

Lenders report ‘surprising’ drop in mortgage demand in Q4 – BoE

Mortgage lenders have reported Q4 falls in demand for house purchase mortgages last year, expected to continue declining in the first quarter of this year.

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inews.co.uk

Remortgage demand explodes ahead of another ‘likely’ interest rate rise

The prospect of much higher inflation in 2022 was prompting many homeowners to lock into lower mortgage rates before lenders start to charge more

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Mortgage Strategy

Lenders report lower borrowing demand at close of year: BoE

Demand for secured lending for house purchases fell in the final quarter of last year, according to a new report from the Bank of England (BoE). In the bank’s latest credit conditions survey, lenders reported...

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This Is Money

House prices post biggest annual rise of 9.8% since financial crisis

The average price of a property increased to a new record high of £276,091 and the largest percentage increase since 2007, figures from Halifax show.

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Daily Mail

House prices post biggest annual rise of 9.8% since financial crisis

The average price of a property increased to a new record high of £276,091 and the largest percentage increase since 2007, figures from Halifax show.

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This Is Money

End of 2021 saw ‘remortgaging flurry,’ Bank of England data shows

More remortgages with new lenders were approved in November 2021 than at any point since the start of the pandemic, according to official figures.

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Daily Mail

End of 2021 saw ‘remortgaging flurry,’ Bank of England data shows

More remortgages with new lenders were approved in November 2021 than at any point since the start of the pandemic, according to official figures.

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The Sun

New plans for first-time buyer mortgages - but experts warn of house price rise

IT could be easier for first-time buyers to get approved for a mortgage under new plans. The Bank of England is believed to be preparing to loosen the tough mortgage lending rules it introduced fo…

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BBC News

Slow rise from ultra-low mortgage rates predicted

Brokers say the current cost of a mortgage is the lowest it will be “for some time”.

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Startups.co.uk

What do SMEs want from COP26? - Startups.co.uk

As the world’s leaders gather in Glasgow for COP26, we look at what SMEs want from the emerging new green agenda.

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Startups.co.uk

How are small businesses reacting to the inflation dip? - Startups.co.uk

ONS figures show inflation slowed slightly to 3.1% in September 2021. We spoke to SMEs to learn more about their reaction.

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FTAdviser.com

Mortgage slowdown sign of ‘more significant drop off to come’

Net mortgage borrowing fell 1 4bn in July marking just the second fall in over a decade but it is nevertheless being dubbed a sign of things to come

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Financial Times

UK mortgage approvals fall by more than expected as pandemic tax break is reduced

UK mortgage approvals fell by more than expected in July following the tapering of the stamp duty holiday, a tax break which was introduced to support the country’s housing market during the pandemic.

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Mortgage Solutions

Gross mortgage lending and approvals hit lowest level since summer 2020 – BoE - Mortgage Solutions

Gross mortgage lending and approvals for house purchases fell to their lowest level since summer last year, figures have shown.

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Mortgage Solutions

Gross mortgage lending and approvals hit lowest level since summer 2020 – BoE

Gross mortgage lending and approvals for house purchases fell to their lowest level since summer last year, figures have shown.

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Mortgage Strategy

House purchase approvals fall to lowest level in a year: BoE

Approvals for house purchases dropped from 80,300 in June to 75,200 in July, says the Bank of England in its latest Money and Credit report. This is the lowest level seen since July 2020 but, the BoE adds,...

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CityAM

UK banks expect a rush of defaults in coming months - CityAM

UK banks expect defaults to rise over the coming months as households struggle to service debt taken on during the Covid pandemic.

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Londonlovesproperty

Bank of England May mortgage approvals driven by “enforced asceticism”

Net mortgage borrowing rebounded to £6.6 billion in May from £3.0 billion in April, but remained below the record £11.4 billion in March. Mortgage approvals for house purchase were 87,500…

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The Telegraph

Borrowers warned over ‘honeytrap’ mortgages where higher fees outweigh low rates

Competition between lenders means they are looking beyond headline rates to make a profit

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inews.co.uk

House prices have surged, but the UK property market will likely slow by the end of the year

The average property is now worth £258,204, up 1.4 per cent month on month and 8.2 per cent annually

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inews.co.uk

Remortgaging without a perfect credit score? Top tips to maximising your chances of getting approved

Mortgage brokers say the best remortgage rates are reserved for those with the best credit ratings, so what can you do with a poor score?

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Financial Times

Subscribe to read | Financial Times

News, analysis and comment from the Financial Times, the worldʼs leading global business publication

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BBC News

Record mortgage borrowing as owners move or improve

Stamp duty holidays and low mortgage rates push borrowing to the highest levels since records began.

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