Andrew Montlake's Media Coverage
AOL.com
Nationwide confirms changes for customers ‘from Tuesday’ as some paid £500 - AOLThe changes will come in quickly
Daily Mirror
Nationwide confirms changes for customers 'from Tuesday' as some paid £500Nationwide has announced changes for customers that come into effect from tomorrow.
AOL.com
Halifax confirms change for customers ‘from Tuesday’ with extra cost - AOLExperts have explained that people could need to take action quickly
Daily Mirror
Halifax confirms change for customers ‘from Tuesday’ with extra costExperts have explained that people could need to take action quickly
Chronicle Live
Virgin Money follows Nationwide with change for UK customersExperts are expecting more soon as well
Daily Mirror
Virgin Money confirms immediate change for UK customersExperts are predicting more to come
Daily Express
Virgin Money makes key change for UK customers following NationwideExperts are predicting others will soon follow suit
The Mirror
Nationwide update this week ‘reflects the true reality’New data has been released following a Nationwide update this week
FT Adviser
Lloyds £5k deposit mortgage ‘shot in the arm’ for FTBsnew £5,000 deposit mortgage is “a genuine shot in the arm for aspiring homebuyers”, according to brokers.
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.
Wales Online
Nationwide and Virgin Money customers given ‘positive’ Monday updateThere is talk of ‘momentum’
Daily Express
New Nationwide update from customers with change ‘from Tuesday’It’s been welcomed, but with caution
Daily Mirror
New Friday Nationwide ‘surprising’ update ‘despite uncertainty’The latest figures have been given
Cambridge News
Wednesday ‘act quickly’ update for NatWest, Barclays, TSB customersIt’s continuing a recent trend
Liverpool Echo
Wednesday ‘act quickly’ update for NatWest, Barclays, TSB customersIt’s continuing a recent trend
Daily Mirror
NatWest, Barclays and TSB new updates as customers told ‘act fast’NatWest, Barclays and TSB have all announced further cuts
Daily Express
TSB, NatWest and Barclays customers told of new change ‘from Wednesday’Good news, but don’t get comfy
The Mirror
New Virgin Money announcement affects customers ‘from today’It has followed others in making changes and it kicks in straight away
Daily Express
Virgin Money customers ‘change from today’ but ‘act fast’It kicks in on Thursday and follows similar moves by others
Liverpool Echo
Nationwide makes new announcement and customers ‘should take action’Halifax has also given an update and others are predicted to follow
Lancs Live
Nationwide makes new announcement and customers ‘should take action’Halifax has also given an update and others are predicted to follow
Cambridge Live
Nationwide makes new announcement and customers ‘should take action’Halifax has also given an update and others are predicted to follow
Daily Star
Nationwide customers given new update with ‘act now’ adviceHalifax also gave an update on Monday afternoon
Teeside Live
Nationwide and Halifax confirm further mortgage rate increasesHalifax has also given an update and others are predicted to follow
Birmingham Live
Nationwide and Halifax confirm further mortgage rate increasesIt comes after a recent update regarding the conflict in the Middle East
Daily Mirror
Nationwide customers given new update with ‘act now’ adviceHalifax also gave an update on Monday afternoon
Surrey Live
Nationwide makes new announcement and customers ‘should take action’Halifax has also given an update and others are predicted to follow
My London
London map shows areas where house prices falling more than anywhere else in UKA London mortgage broker has issued some key advice for those looking to buy in the capital
The Pembrokeshire Herald
House prices rise 1% annually but experts warn Iran crisis could hit marketHOUSE 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...
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.
Express.co.uk
Key Nationwide update for customers but it ‘could be derailed’It’s been a turbulent weekend on the world stage
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
The Independent
Mortgage price wars as three major lenders slash rates in boost to homeownersNationwide’s best rate is now down to 3.54 per cent - but you need a big deposit to benefit
what MORTGAGE
Mortgage rates cut today – what’s the advice for borrowers? - what MORTGAGEThree major mortgage lenders have cut fixed rates today following in the footsteps of Nationwide, which lowered prices last week.
Property Portfolio Investor
Barclays becomes latest lender to raise mortgage rates as pressure builds on borrowersBarclays has increased mortgage rates by up to 0.15%, following similar moves by HSBC and Nationwide, as rising inflation and swap rates pressure borrowers.
Devon Live
Nationwide big change from Thursday - some could get £500 cashbackThe move from the major UK lender has been described as a ‘massive statement’
Wales Online
Nationwide changes from Thursday, January 15 and £500 cashbackThe move from the major UK lender has been described as a ‘massive statement’
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.
Thisismoney
Rise of first-time boomers! Spike in over 60s finally getting on the property ladder revealed by major bankOlder 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.
Grimsby Live
Santander ‘debunks myth’ after helping 70year-old buy homeFigures show a sharp rise in people over 60 buying their first home
Essex Live
Santander ‘debunks myth’ after helping 70year-old buy homeFigures show a sharp rise in people over 60 buying their first home
Somerset Live
Santander ‘debunks myth’ after helping 70year-old buy homeFigures show a sharp rise in people over 60 buying their first home
Express.co.uk
Rachel Reeves ‘sleepwalking into disaster’ after latest dire GDP figuresRachel Reeves has admitted she is considering tax rises to plug a rumoured £30 billion black hole in public finances.
Daily Telegraph
Budget has ‘slammed the brakes’ on property marketThe Government is to blame for falling house prices, mortgage brokers have said, ahead of the Budget next month.
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.
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
what MORTGAGE
Mortgage choice at 17-year high for low deposit borrowers - what MORTGAGEThe choice of mortgages for borrowers with small deposits has risen to a 17-year high, according to the latest data from Moneyfacts.
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.
Yorkshire Evening Post
House prices here in Leeds remain feisty as UK average approaches £300,000House 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.
Daily Telegraph
Budget could disrupt housing market, warn brokersMortgage brokers raised the alarm that Rachel Reeves’s upcoming Budget could disrupt the housing market.
Express.co.uk
UK economic crisis worsens as house prices fall piling more pressure on ReevesThe UK economy crisis has worsened as house prices have suffered a surprise fall, with experts warning “confidence is fragile” in the market
Chester and District Standard
Rise in number of mortgage approvals to home buyers in May, says Bank of EnglandThe increase in mortgage approvals for house purchase was described as a ‘welcome breath of fresh air’ by one housing market expert.
Birmingham Live
Mortgage approvals up for first time since December 2024Approvals for remortgaging have also seen an increase in the latest data
North Wales Chronicle
Average UK house price slumps by £1,150 month-on-month – HalifaxStamp duty discounts became less generous for some home buyers from April.
Yorkshire Live
Millions of Brits wake up to unexpected £1,150 blow on FridayThe average property price dropped 0.4 per cent month on month in May to £296,648, Halifax says
Birmingham Live
Millions of UK households wake up and lose unexpected £1,150 on FridayThe average property price dropped 0.4 per cent month on month in May to £296,648, Halifax says, in a blow for households.
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.
Express.co.uk
Huge update for homebuyers with Halifax and SantanderHalifax, Santander and Accord have hiked their fixed mortgage rates in the past 24 hours
Devon Live
Halifax, Santander, and Accord raise mortgage ratesThe increases, though modest, are likely to spread as lenders react to stubborn inflation
Sky News
'Death by 1,000 increases': Three major lenders push mortgage rates upThree major lenders have pushed mortgage rates up in the past 24 hours.
Nottinghamshire Live
Halifax, Santander, and Accord raise mortgage ratesThe increases, though modest, are likely to spread as lenders react to stubborn inflation
Liverpool Echo
Halifax, Santander, and Accord raise mortgage ratesHalifax and Santander announced rate hikes this week
Express.co.uk
Mortgage borrowers urged to act now as cheap 3.89% rate disappearsThe 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.
Express.co.uk
Experts explain how to make the most of the Trump slumpStock markets may be experiencing a period of turmoil but experts claim it may also be an ideal time for Brits to reset their finances.
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
Express.co.uk
UK households with a mortgage told Trump tariffs could actually be good newsA mortgage lender said it was reducing its rates as a result of US President Donald Trump’s ‘Liberation Day’ tariffs.
What Mortgage
Dip in mortgage approvals as stamp duty deadline approaches - What MortgageThe number of mortgages taken out by homebuyers dipped in February as the rush to beat the stamp duty deadline eased off.
FTAdviser
Mortgage approvals fall again for Britain’s would-be homeownersBritons have seen an increase in UK lenders turning down mortgage requests for both would-be
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
Mortgage Soup
Halifax cutting mortgage rates by up to 0.3% ‘could trigger a chain reaction’ | NewsThe 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...
Property Industry Eye
More lenders drop mortgage rates as product choice improves - Property Industry EyeMore 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...
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.
The Sun
Four major lenders slash mortgage rates ahead of Bank of England decisionFOUR 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…
Mortgage Soup
Mortgage approvals rise in December as borrowing rebounds | NewsNet 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...
The Sunday Times
Why the January mortgage sale may already be overBad news for homeowners as the rise in yields on government bonds could spell a swift end to the rate war
The Sunday Times
Get ready for the £104 billion January mortgage rushA price war among lenders could spell good news for buyers
FTAdviser
Mortgage rates will start with 3 next yearMortgage 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.
BNN Bloomberg
London Rents Rising at Record Pace Add to Pressure on LabourHousing rents in London are soaring at the fastest pace on record after a resurgence that deepens the crisis facing the city’s tenants.
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.
Bloomberg
London Rents Rising at Record Pace Add to Pressure on LabourHousing rents in London are soaring....
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
This Is Money
Another major bank just cut its fixed rate mortgagesWhile the cheapest mortgage rates are edging down, the average rate across the whole of the market has been increasing.
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.
Express.co.uk
NatWest pushes up mortgage rates as banks turn screw on home buyersThe decisions come against the background of the October budget
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
The Times
Interest rates to fall more slowly due to Rachel Reeves’s budgetInflationary pressures of Labour’s budget mean that the cost of borrowing is likely to fall just twice next year, according to traders
Manchester Evening News
Doubts over next Bank of England rate move despite cut todayThe 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
Express.co.uk
Doubt over next Bank of England move despite surge in demand as interest rates fThere are hopes that banks and building societies will be launching cheaper deals, but two factors are worrying financial analysts
Evening Standard
Average tracker mortgage payments will fall by nearly £30The reduction follows the 0.25% cut to the Bank of England base rate.
Birmingham Live
£652 warning issued to anybody who hasn’t cleared their credit card debtThe 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.
The Telegraph
House prices surge amid fears of capital gains tax raid - latest updatesThe 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.
AOL
UK property deals surge as banks approve most mortgages since 2022UK mortgage approvals have hit their highest level in two years, in another sign that demand in the property market is picking up.
Letting Agent Today
No Chance of Rate Cut Today - mortgage experts warn on economy - Letting Agent TodayNews that the headline rate of inflation remains at 2.2% has killed hopes of a cut in interest rates today.
This Is Money
House prices are still rising but the pace of growth is coolingAverage property prices continued to rise in the year to August, but the pace of growth has cooled, new data from the ONS revealed.
The Times
Mortgage rates are finally dropping — here’s how to get the best dealFive-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
Midweek Herald
Nationwide ‘sprinkles stardust’ on housing market as it slashes mortgage ratesMortgage rates continue to edge lower, as Nationwide announces a fresh round of cuts.
Express.co.uk
Nationwide launches ‘incredible’ fixed rate home loanThe move by Nationwide trumps a series of reductions launched by rivals HSBC, Barclays and TSB earlier this week.
inews.co.uk
Nationwide and HSBC launch cheapest mortgage rates as price war heats upMortgage rates are continuing to come down in a boost for homeowners who have faced high repayments costs
Wandsworth Times
Nationwide ‘sprinkles stardust’ on housing market as it slashes mortgage ratesMortgage rates continue to edge lower, as Nationwide announces a fresh round of cuts.
The Wiltshire Gazette and Herald
Nationwide ‘sprinkles stardust’ on housing market as it slashes mortgage ratesMortgage rates continue to edge lower, as Nationwide announces a fresh round of cuts.
The Bolton News
Nationwide ‘sprinkles stardust’ on housing market as it slashes mortgage ratesMortgage rates continue to edge lower, as Nationwide announces a fresh round of cuts.
This Is Money
Nationwide cuts again and offers cheapest five-year fixThe new rates will be effective from tomorrow and will include the cheapest five-year fixed rate deal on the market.
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.
Evening Standard
Halifax and Nationwide cut mortgage rates once again as price war gathers paceCheaper home loans expected to fuel a bouyant property market in the autumn
The Sun
All the major lenders offering sub 4% mortgages as banks battle on ratesMAJOR 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…
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.
Bristol Live
Bank of England cuts base interest rate from 5.25 to 5% - experts reactThe 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
WalesOnline
Bank of England cuts base interest rate from 5.25 to 5% - experts reactThe 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
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.
Express.co.uk
Interest rate cut hailed as ‘real turning point’ as experts react to decisionIt is hoped the move will bring down the cost of borrowing for those carrying mortgages, credit card debt and other loans.
Property Investor Today
Why are interest rates falling now - and so quickly?Why are interest rates falling now - and so quickly?
This Is Money
Mortgage rate battle steps up: Barclays and TSB latest to cut costsMoves 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.
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.
FTAdviser
‘Sub-4% mortgage back’ as Nationwide makes changesThe 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.
Express.co.uk
Nationwide offers new mortgage rates from 3.54% on select deals after more cutsThe move comes a week before the Bank of England’s new interest rate decision.
The Sun
House payments were delayed after global CHAPS issue hit bank transfersHOUSE 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 …
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.
Letting Agent Today
Election result already priced-in to housing market, says top analystThe result of the election isn’t likely to be a gamechanger for the housing market, a prominent business consultancy says.
Birmingham Live
Santander announces ‘small but important’ new rules for customersThe high street bank has confirmed new rates which brokers say will kick off a war among high street banks.
Express.co.uk
Santander sparks mortgage price war hopes as lender slashes interest ratesIndustry experts say this latest move has the potential to ramp up a rates battle between Britain’s biggest lenders.
The Negotiator
Return to ultra-low interest rates unlikely says lending giant bossLloyds 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...
Express.co.uk
Housing experts upbeat as HSBC cuts the cost of new mortgagesBarclays and NatWest have already announced significant reductions in recent days and mortgage brokers believe others will follow suit.
The Guardian
Barclays and HSBC to cut fixed-rate mortgage dealsOther lenders likely to follow suit as analysts say cuts of up to 0.31 percentage points could fuel ‘summer of savings’
BBC News
HSBC joins rival UK banks in cutting mortgage ratesSome lenders are trimming rates after the Bank of England hinted about a drop in borrowing costs.
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.
Express.co.uk
Credit card debt surges by almost £5bn as punishing rates send bills spirallingPeople who are relying on credit card to cover everyday expenses, such as food, clothes and energy, are facing punishing interest rate bills.
Financial Times
Credit card debt hits UK mortgage affordabilityOutstanding card balances on the rise as interest rates remain high
Express.co.uk
Watch out for Big Wednesday - Bank of England decides financial fate of millionsThat 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.
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.
The Money Pages
Lenders hike mortgage prices: Advice to borrowers seeking new dealsMortgage rates have increased again this week with Barclays and TSB amongst the lenders raising prices.
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.
London Business News
Interest rates expected to ‘hold’ amid worries ‘inflation will return’ this winterStay updated on the latest interest rate projections amidst inflation concerns. Find out if the Bank of England will hold rates steady this winter.
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.
What Mortgage
Freedom to Buy: Labour’s election pledge to help first-time buyersLabour has pledged to make the Mortgage Guarantee Scheme (MGS), which improves availability of low deposit deals, permanent if it wins the general election.
The Negotiator
Mortgage brokers slam Labour’s ‘Freedom to Buy’ as shamLabour it would change the existing mortgage guarantee scheme into a permanent fixture if it wins the election, but leading brokers are unimpressed.
Express.co.uk
Key reason Bank of England pressured to cut interest rates before electionThe key ECB rate has come down to 3.75 percent which compares to 5.25 percent figure in the UK.
FTAdviser
ECB decision fires starting pistol on UK rate reductionsThe European Central Bank cutting rates has "potentially fired the starting pistol on UK rate reductions", according to Coreco managing director, Andrew Montlake.
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.
This Is Money
Mortgage approvals for house purchases hit 17-month highIt marks the highest level for mortgage approvals since September 2022, when rates began to skyrocket following the disastrous mini-Budget.
Bridging & commercial
House prices see 1.6% rise in March compared to last year say NationwideHouse 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.
The Intermediary
NatWest makes “encouraging” changes to new business mortgage productsThe changes will come into effect from tomorrow (21st March 2024).
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...
The Intermediary
Coventry for Intermediaries “leads the march” with mortgage rate reductionsIn its residential range, the lender will be withdrawing all of its fixed rates at 80% loan-to-value (LTV) for new borrowers.
The Intermediary
Annual pay growth slows to 6.1% in January – ONSIn 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.
The Intermediary
House prices up for fifth month on the spin, HalifaxThe 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.
Sky News
Weekend Money: What small business owners urgently want to see in the spring budgetThe 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...
The Intermediary
Plans for 99% mortgages apparently scrapped - reaction from brokersThis 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.
Birmingham Live
Millions of mortgage holders told controversial rule will be scrappedJeremy Hunt and the Tory government have made the decision after resistance from the banking community, according to Government insiders, it has been reported.
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....
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.
Yahoo Finance
London house prices fall at fastest pace since 2009The average London home has lost £26,000 in value in just two months, according to official data
Evening Standard
London house prices fall at fastest pace since 2009The average London home has lost £26,000 in value in just two months, according to official data
inews.co.uk
Cheaper mortgage deals ‘imminent’ on back of surprise inflation newsMortgage rates are expected to come down even further in the new year after lower than expected inflation
inews.co.uk
‘All out rate war’ predicted for mortgages after inflation falls and HSBC and Halifax cut ratesInflation has fallen to the lowest level in two years - and brokers are expecting mortgage rate cuts as a result
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
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.
inews.co.uk
Mortgage rates could drop below 4% by next summer, saving the average home owner £700 a yearSeveral brokers told i they expect some lenders to cut their rates significantly to gain more customers
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”.
This Is Money
Borrowers warned against being ‘hypnotised’ by lower mortgage ratesSome 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.
The Intermediary
Brokers criticise lenders for giving notice of rate changes without publishing themMore and more lenders are announcing they are cutting rates but are not actually revealing those cuts until the next day, frustrating brokers.
Letting Agent Today
Eyes on Lenders - rates expected to drop sharply this weekMortgage experts are expecting significant falls in the cost of borrowing this week as lenders drop their rates.
Your Money
Lowest mortgage rates below 5% for first time since June - Your MoneyThe lowest available mortgage rate has fallen below five per cent for the first time in three months, data from a property portal has shown.
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.
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.
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%.
FTAdviser
Latest inflation data is ‘signal’ to hold interest ratesThe 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.
The Independent
Annual house price growth slows amid record jumps in rental pricesProperty values increased by 0.6% annually in July 2023, compared with a 13.8% annual rise in July 2022.
Evening Standard
Bank of England may pause interest rate hikes as inflation dips, City bets suggestMarkets see Thursday’s interest rate decision from the Bank of England’s Monetary Policy Committee as effectively a coin toss
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.
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
Bank of England interest rate reaction – brokers give their verdictMany believe small businesses will feel the full force of this decision
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.
Mortgage Professional
Would 40-year mortgages be good for the market?Brokers discuss the idea of ‘Dutch-style’ mortgages – one thinks its “bonkers”
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.
Financial Reporter
Sexual harassment claims in financial services more than triple in past yearFinancial Reporter asked industry experts for their views on the figures.
Bridgwater Mercury
Average UK house price fell by about £1,000 month-on-month in April – HalifaxThe typical property value fell by £995 month-on-month and some further downward pressure on house prices should be expected this year, Halifax…
The Independent
Average UK house price fell by about £1,000 month-on-month in April – HalifaxThe typical property value fell by £995 month-on-month and some further downward pressure on house prices should be expected this year, Halifax said.
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
Mortgage Strategy
Third quarter new mortgage value highest since 2007: BoEThe 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,...
Mortgage Strategy
Mortgage borrowing drops in October: BoE | Mortgage StrategyThe 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,...
Mortgage Solutions
Property transactions hold up in October – HMRC - Mortgage SolutionsSeasonally adjusted residential property transactions reached 108,480 in October, a 38 per cent rise on the same month last year.
Mortgage Professional
The latest on UK property transactions revealedMortgage experts react to latest figures released by the HMRC
Mortgage Professional
Are tracker products a good option?Renewed interest in trackers follows BoE interest rate increase
B&C
Kwasi Kwarteng sacked as Chancellor — industry reactsKwasi Kwarteng has today (14th October) confirmed he was asked to step aside as Chancellor of the Exchequer by prime minister Liz Truss.
The Times
Fix or variable: return of the mortgage dilemmaYou 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
BBC News
Mortgage rates still rising as big lenders revise dealsThe average rate of a new two-year fixed rate mortgage is 6% as the UK’s biggest lenders change prices.
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.
inews.co.uk
Everything homeowners and potential buyers need to know about the pound’s impact on mortgagesWe reveal what you can do if you need to re-mortgage and what your options are if you’re a first time buyer
The Sunday Times
Panicking homeowners rush to lock in fixed-rate mortgagesHomeowners 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
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
Mortgage Solutions
UK house prices leap to £292,000 in July as annual growth doubles – ONS - Mortgage SolutionsThe 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.
This Is Money
House prices up 10% in a year but starting to slow, says NationwideDespite rapid mortgage rate rises and bigger bills hampering borrowers, house prices continued to rise - taking the cost of the average house to £273,751.
Daily Mail
House prices up 10% in a year but starting to slow, says NationwideDespite rapid mortgage rate rises and bigger bills hampering borrowers, house prices continued to rise - taking the cost of the average house to £273,751.
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
Daily Mail
Average house in England now costs nearly NINE times typical salaryThe average home sold in England cost the equivalent of 8.7 times the average annual disposable household income.
The Telegraph
Two million homeowners will be hit by ‘mortgage rate shock’ next yearCheap loan deals are expiring just as the Bank of England pushes up its interest rate
Express.co.uk
Property: Most affordable areas to buy in the UK as homes cost Britons 8.7x average incomePROPERTY 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...
IFA Magazine
HMRC Property Transactions: “Last year’s data was skewed signifcantly by the Stamp Duty holiday” - reactionFollowing the June 2022 property transactions data just published, mortgage and financial experts have commented: Alastair Hoyne, managing director at London-b
inews.co.uk
House prices jumped by more in a year than the average UK worker earns annuallyThe 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.
Mortgage Solutions
Mortgage demand expected to soften in Q3 – BoE - Mortgage SolutionsLenders expect the demand for mortgages to decline in Q3 this year following a rise in activity during Q2.
Express.co.uk
Record four month wait to buy a house as market is paralysed by ‘broken’ systemBRITAIN’S housing market has been paralysed by a ‘broken’ system that is leading to record delays for both buyers and sellers.
IFA Magazine
BoE mortgage approvals - “People who have been procrastinating are very proactive” - reaction from brokersFollowing 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
Mortgage Strategy
Planning application slump thwarts Govt plans to boost housing stock | Mortgage StrategyPlanning 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...
Mortgage Strategy
Base rate rises to 1.25%: Industry reaction | Mortgage StrategyEarlier 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...
The Telegraph
House price boom is over as economic turmoil bites, warns HalifaxProperty values rose by 10.8pc in a year but will soon slow
The Telegraph
Property market ‘past its peak’ as house price growth slows to a crawlMonthly property price increase in April was 0.3pc
Mortgage Strategy
Cover feature: Brokers struggle as lenders hike rates and pull dealsThere 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...
Bridging & Commercial
MIMHC launches industry survey ahead of Mental Health Awareness WeekThe Mortgage Industry Mental Health Charter (MIMHC) has launched a survey on mental health and wellbeing in the industry.
The Independent
House sales down by a fifth in February compared with a year earlierTransactions in February this year were around 20.8% lower than in February 2021, HM Revenue and Customs said.
Daily Mail
Britons rush to remortgage to escape rising interest ratesA total of £27.3bon of remortgages were agreed in the last three months of 2021, the highest in three years.
IFA Magazine
UK property market goes down the rabbit holeThere’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
IFA Magazine
Property market branded “a law unto itself” following extraordinary February growthEconomic 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
The Independent
Average UK house price is £24,500 higher than a year ago, says HalifaxWith household budgets under pressure from rising living costs, Halifax predicts the pace of house price growth will slow considerably.
IFA Magazine
Bank Rate decision: reaction from brokers and IFAsWhat 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
Mortgage Strategy
Rate rise could ‘put brakes’ on housing boomThe 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...
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?
Financial Reporter
Should the Bank of England raise rates this week? - Intermediaries respondThe Bank of England is expected to raise interest rates again this week to contain 30-year high inflation.
Mortgage Solutions
Property transactions return to pre-Covid levels – ONSThe 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.
Mortgage Solutions
Lenders report ‘surprising’ drop in mortgage demand in Q4 – BoEMortgage lenders have reported Q4 falls in demand for house purchase mortgages last year, expected to continue declining in the first quarter of this year.
inews.co.uk
Remortgage demand explodes ahead of another ‘likely’ interest rate riseThe prospect of much higher inflation in 2022 was prompting many homeowners to lock into lower mortgage rates before lenders start to charge more
Mortgage Strategy
Lenders report lower borrowing demand at close of year: BoEDemand 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...
This Is Money
House prices post biggest annual rise of 9.8% since financial crisisThe 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.
Daily Mail
House prices post biggest annual rise of 9.8% since financial crisisThe 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.
This Is Money
End of 2021 saw ‘remortgaging flurry,’ Bank of England data showsMore remortgages with new lenders were approved in November 2021 than at any point since the start of the pandemic, according to official figures.
Daily Mail
End of 2021 saw ‘remortgaging flurry,’ Bank of England data showsMore remortgages with new lenders were approved in November 2021 than at any point since the start of the pandemic, according to official figures.
The Sun
New plans for first-time buyer mortgages - but experts warn of house price riseIT 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…
BBC News
Slow rise from ultra-low mortgage rates predictedBrokers say the current cost of a mortgage is the lowest it will be “for some time”.
Startups.co.uk
What do SMEs want from COP26? - Startups.co.ukAs the world’s leaders gather in Glasgow for COP26, we look at what SMEs want from the emerging new green agenda.
Startups.co.uk
How are small businesses reacting to the inflation dip? - Startups.co.ukONS figures show inflation slowed slightly to 3.1% in September 2021. We spoke to SMEs to learn more about their reaction.
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
Financial Times
UK mortgage approvals fall by more than expected as pandemic tax break is reducedUK 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.
Mortgage Solutions
Gross mortgage lending and approvals hit lowest level since summer 2020 – BoE - Mortgage SolutionsGross mortgage lending and approvals for house purchases fell to their lowest level since summer last year, figures have shown.
Mortgage Solutions
Gross mortgage lending and approvals hit lowest level since summer 2020 – BoEGross mortgage lending and approvals for house purchases fell to their lowest level since summer last year, figures have shown.
Mortgage Strategy
House purchase approvals fall to lowest level in a year: BoEApprovals 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,...
CityAM
UK banks expect a rush of defaults in coming months - CityAMUK banks expect defaults to rise over the coming months as households struggle to service debt taken on during the Covid pandemic.
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…
The Telegraph
Borrowers warned over ‘honeytrap’ mortgages where higher fees outweigh low ratesCompetition between lenders means they are looking beyond headline rates to make a profit
inews.co.uk
House prices have surged, but the UK property market will likely slow by the end of the yearThe average property is now worth £258,204, up 1.4 per cent month on month and 8.2 per cent annually
inews.co.uk
Remortgaging without a perfect credit score? Top tips to maximising your chances of getting approvedMortgage brokers say the best remortgage rates are reserved for those with the best credit ratings, so what can you do with a poor score?
Financial Times
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BBC News
Record mortgage borrowing as owners move or improveStamp duty holidays and low mortgage rates push borrowing to the highest levels since records began.