Jamie Lennox's Media Coverage

Estate Agent Today

Mortgage rates could be set to finally fall below 5%, brokers claim.

Milford Mercury

The uptick in house prices in October most likely reflects the fact that the supply of properties on the market is constrained, Nationwide said.

Gazette & Herald

The uptick in house prices in October most likely reflects the fact that the supply of properties on the market is constrained, Nationwide said.

Ledbury Reporter

The uptick in house prices in October most likely reflects the fact that the supply of properties on the market is constrained, Nationwide said.

Birmingham Live

Property values were down by 3.3 per cent compared with October last year, the research also found.

The Independent

The uptick in house prices in October most likely reflects the fact that the supply of properties on the market is constrained, Nationwide said.

Perspective Magazine

Lenders reported that default rates on mortgages had already increased in the third quarter of this year.Default rates for mortgages and credit cards by hou…

The Independent

Lenders reported that default rates on mortgages had already increased in the third quarter of this year.

Yahoo News

Lenders reported that default rates on mortgages had already increased in the third quarter of this year.

Introducer Today

Is The Mortgage Price War Really Over?

FTAdviser

“The mortgage price war is over”, Mather and Murray Financial independent financial adviser, Samuel Mather-Holgate, has argued as investors mark down their bank rate expectations.

Financial Reporter

Halifax has launched a sub-6% deal at 95% LTV as part of the changes.

FTAdviser

Halifax’s latest fixed rate cut is a “lifeline for first-time buyers”, The Mortgage Expert’s Darryl Dhoffer has claimed.

Mortgage Professional

Expert claims “the mortgage price war is over”

BirminghamLive

One broke described the rates as “a lifeline for first-time buyers”.

The Intermediary

Brokers told Newspage that this was a “lifeline for first-time buyers.”

The Telegraph

House prices dropped for the eighth month in a row as mortgage approvals plummeted.

Financial Reporter

Halifax is the latest lender to reduce rates across its range.

BirminghamLive

Brokers welcomed the news but warned that, with SWAP rates edging up, the rate battle may slow in the weeks ahead.

The Intermediary

The reductions will take effect from tomorrow, Friday,22 September, and will see selected residential products reduced by up to 0.25%.

Financial Reporter

The lender has announced wide-ranging rate cuts from Monday.

This Is Money

Britain’s biggest lenders have made a series of rate reductions in recent days, giving borrowers much-needed respite after rates soared over the summer.

Mortgage Solutions

The value of gross mortgage advances completed in Q2 totalled £52.4bn, which was the lowest figure since the second quarter of 2020 when the country had entered lockdown and the property market was effectively...

Financial Times

Bank of England survey shows 28.8% increase compared with last year, reflecting sharp rise in borrowing costs

FTAdviser

The launch of top slicing on buy-to-let applications by BM Solutions could be a “game-changer in buy-to-let applications”, according to R3 Mortgages founder and director, Riz Malik.

The Intermediary

Andrew Bailey, the Governor of the Bank of England, said that the UK is transitioning from a phase of necessary rate increases to nearing the peak of the cycle.

BirminghamLive

Rates are being reduced for new businesses, including purchase and remortgage rates, as well first time buyers.

BirminghamLive

The average UK house price fell in August at the sharpest annual rate seen in 14 years, according to an index.

The Intermediary

Q2 2023 saw 84% of remortgaging deals being internal product transfers.

What Mortgage

Increasing numbers of homeowners are switching to products with their current lender, rather than remortgaging to a new deal with another provider.

Introducer Today

It’s War! Lenders Battle for Market Share

Property Industry Eye

Nationwide and Santander slash mortgage rates - ‘other lenders may follow’ - Breaking news for estate agents and the residential property industry. Independent, unbiased, and factual reporting. A forum...

Financial Reporter

Rates have reduced by up to 0.20% across residential and buy-to-let products.

The Intermediary

Santander has announced a further round of rate reductions of up to 0.20%, which will go live from Tuesday 22nd August.

Yahoo Finance

Markets expect rates to peak at 6% or 6.25%, which is higher than they expected last week, but Halifax still cut its prices

Moneyweek

UK house prices rose on average by 1.7% but signs of recovery might be short lived

The Telegraph

Capital is most exposed to declining buying power, with warnings of more pain to come

FTAdviser

Barclays has announced a series of reductions to its mortgage rates, including a 0.3 percentage point fall for product transfers, following similar announcements by other large lenders.

This Is Money

It follows a series of rate reductions by many of Britain’s high street banks in recent days and weeks, which has led to hopes that mortgage rates have peaked.

Your Money

Around 81,900 homeowner mortgages are in arrears of 2.5 per cent or more of the outstanding balance in the second quarter of the year.

Mortgage Solutions

Around 81,900 homeowner mortgages are in arrears of 2.5 per cent or more of the outstanding balance in the second quarter of the year.

The Independent

Predictions of ‘price war’ good news for first-time buyers and hard-pressed mortgage holders

This Is Money

The nation’s largest lender, Halifax, is the latest bank to slash the cost of its loans, following on from cuts announced earlier this week by HSBC, TSB and Nationwide.

LBC

There is fresh relief for homeowners as banks prepare to launch a mortgages rates price war - including the nation’s biggest lender.

Financial Reporter

Rates have reduced by up to 0.35%.

Yahoo Finance

Nationwide Building Society, HSBC UK and TSB are expected to cut some home loan rates from Wednesday.

The Sun

A NUMBER of big lenders are set to slash mortgage rates despite the Bank of England’s (BoE) recent base rate hike. Nationwide, HSBC and TSB are poised to make reductions on their products fro…

This Is Money

The high street banks have announced a fresh round of mortgage rate cuts, as lenders continue to respond positively to forecasts of falling inflation.

Mortgage Solutions

The average house price in the UK fell by 2.4 per cent year-on-year coming to £285,044 in July, according to the latest figures.

Sky News

The closely watched Nationwide House Price Index shows the biggest annual drop in prices for well over a decade - at 3.8%.

Introducer Today

Brokers’ Views - What Next for Interest Rates?

FTAdviser

A initiative to treat brokers fairly, unveiled by Tandem Bank, will “ultimately result in better outcomes for clients as well”, one broker has said.

Financial Times

The 100 per cent mortgage is making a comeback, after Skipton Building Society this week launched a no-deposit deal aimed exclusively at renters aspiring to buy their first home.

Letting Agent Today

The US central bank has raised interest rates to the highest level in 22 years - even though inflation in that country is down to 3.0 per cent from a high of 9.0 per cent last year.

The Intermediary

The initiative includes giving adequate notice of product changes.

Daily Mail

Borrowers in Britain are still having to pay extremely high rates for new mortgages compared to one year ago, even though inflation is now falling at a greater rate than expected.

FTAdviser

NatWest’s increase in its buy-to-let stress rates is a “blow to landlords”, according to brokers.

Mortgage Solutions

HSBC has become the latest lender to reduce its mortgage rates as swaps continue to fall in light of easing inflation.

Evening Standard

The repricing follows last week’s long-awaited good news on the cost-of-living crisis, when the rate of inflation fell more quickly than expected

IFA Magazine

HSBC was today the first High Street lender to announce a wave of fixed rate reductions from Wednesday 26th July across their residential rates, up to 90% Loan

FTAdviser

The ability for consumers to self-service their mortgage after taking initial advice is “baffling” and “flies in the face of regulatory rules”, according to Hudson Rose managing director, Graham Taylor.

The National

Numbers suggest ‘consumers remain willing to spend money when the opportunity presents itself’, analysts say

Estate Agent Today

The publication of inflation figures by the government tomorrow will be a Do-Or-Die moment for the housing market, it’s been claimed.

The Intermediary

Following a month of rising swap rates and lenders forced to suddenly withdraw products from market due to high demand, what do experts predict ahead of Wednesday’s results?

FTAdviser

The publication of inflation data later this week will be a case of “sink or swim” for mortgage holders, Dimora Mortgages director, Jamie Lennox, has stated.

Mortgage Solutions

The Labour Party will host an “emergency” mortgage summit with brokers to discuss the impact of the “mortgage crisis” on first-time buyers and homeowners and explore options.

Mortgage Solutions

Some borrowers are approaching new brokers, as they blame previous advice for their current mortgage repayment issues, intermediaries have told Mortgage Solutions.

The Intermediary

Many in the financial services industry are bracing themselves for the fallout from another interest rate hike.

FTAdviser

Many mortgage brokers have said they would not be in favour of a government intervention on mortgages at this point, and that instead the government should focus on getting inflation under control.

The Independent

Calls for intervention were made as the average two-year fixed-rate mortgage deal topped 6% for the first time this year.

The Telegraph

There is no end in sight for the turmoil on Britain's mortgage markets as average mortgage rates reach the highest since December last year.

Financial Reporter

Brokers are split on the future for mortgage rates.

The Intermediary

The number of residential mortgage products available in the UK market has risen above 5,000, according to recent research from Moneyfacts.

Daily Mail

The average five-year fixed mortgage deal in Britain fell to 5.54 per cent today from 5.55 per cent yesterday - while the average two-year was at 5.9 per cent today, unchanged from yesterday.

What Mortgage

There has been more turbulence in the mortgage market this week after HSBC pulled products for new borrowers at short notice and Nationwide increased its rates.

The Independent

Nationwide Building Society is hiking some fixed rates from Friday while HSBC UK has temporarily removed some products before relaunching on Monday

Mortgage Solutions

HSBC and Nationwide have announced last minute mortgage withdrawals today, further fuelling pleas from brokers to extend product change notice periods.

Mortgage Professional

HSBC withdraws certain products, Nationwide adjusts rates

Mortgage Solutions

Brokers have called on lenders to pledge to provide a minimum notice period of 24 hours to withdraw products, pointing to widespread removals over the past few weeks and heightened market uncertainty.

Mortgage Professional

Brokers ask for a notice period of at least 24 hours

The Intermediary

Mortgage brokers — Riz Malik, Jamie Lennox, and Lewis Shaw — are leading the call, asking that lenders sign a pledge to provide a minimum notice period of 24 hours to all affiliated brokers before withdrawing...

FTAdviser

Following the withdrawal of 10 per cent of mortgage deals in the past week, mortgage brokers have again called for mandatory notice periods from lenders.

The Intermediary

A rising number of solicitors and conveyancers are refusing to work on high-rise property transactions due to new regulations on cladding, according to brokers.

FTAdviser

The launch by Skipton Building Society of a deposit-free mortgage, specifically aimed at renters has taken the headlines by storm.

FTAdviser

The launch by Skipton Building Society of a deposit-free mortgage, specifically aimed at renters has taken the headlines by storm.

The Money Pages

High inflation has a huge impact on our day-to-day budgets and spending but it also influences our mortgages and savings.

Mortgage Professional

Is it time for the BoE to lower rates?

This Is Money

Homeowners spent an unprecedented £23.3bn overall on mortgage overpayments in 2022, paying off a record £6.7bn in the last three months.

The Times

Imagine you find your dream house and are able to secure a mortgage offer, only to be told by the estate agent that you have to use their in-house mortgage adviser or your offer won’t be put forward or...

IFA Magazine

Free PR platform, Newspage, asked brokers what they think of mortgage comparison sites. Some believe they have a role, others believe they simply cause confusio

FTAdviser

Mortgage brokers were left confused after an error saw Barclays tell one broker it could not accept monthly mortgage direct debit payments from Monzo and other online banks.

Mortgage Professional

Brokers share thoughts on lenders increasing rates

Mortgage Strategy

Accord Mortgages will lift home loan rates for new customers by up to 40 basis points in a move that will see the old prices withdrawn at 8pm today (9 March) and replaced at 8am tomorrow (10 March). The...

The Intermediary

Barclays bank is increasing interest rates on several of its mortgage products for both residential purchase and remortgage applications.

Financial Reporter

Barclays has clarified its position to Financial Reporter, stating that it does accept direct debits from online banks.

Mortgage Solutions

A broker has expressed confusion that Barclays’ staff on live chat have said that it will not accept Monzo or other online banks as the source of direct debits, directly contradicting the bank’s policy.

FTAdviser

Nationwide is the latest high street lender to hike its mortgage interest rates.

IFA Magazine

After Nationwide announced that it is making rate increases across selected fixed term (two and five year) and tracker New Business and switcher products, from

FTAdviser

House prices have increased by 20.4 per cent on average over the past three years, as brokers warn of a housing bubble “crash”.

CityAM

The number of mortgage deals available has surpassed 4,000 for the first time in six months according to a financial information website.

Mortgage Solutions

As a new survey reveals that most UK adults take their financial advice from media experts such as Paul Lewis and Martin Lewis, brokers react to a trend that could lead to borrowers making ‘terrible financial...

Mortgage Strategy

Virgin Money has cut its exclusive purchase and remortgage deals and also lowered products transfer deals by up to 0.18 per cent.

IFA Magazine

Newspage have asked financial services experts for their views on the latest DeadHappy ad featuring murderer Harold Shipman and shared them with IFA Magazine. N

FTAdviser.com

House price growth slowed in November according to the latest government house price index released today January 18 while brokers say new mortgage enquiries have dried up

IFA Magazine

Inflation has dipped for the second month in a row. Will this mean there’s less pressure on the Bank of England to raise the base rate? Mortgage brokers and IFAs were asked what impact the inflation dip might...

Mortgage Solutions

Average UK house prices fell by 0.3 per cent monthly in November last year, the first time a monthly decline was recorded since October 2021.

B&C

The office for National Statistics (ONS) has revealed that the Consumer Price Index (CPI) has fallen to 10.5% in the 12 months to December 2022, down from 10.7% in November.

IFA Magazine

Scott Taylor-Barr, Financial Adviser at Carl Summers Financial Services: “I’m a self-employed mortgage adviser, with over 25 years’ financial service

Financial Reporter

Paul Lewis said

Daily Mail

Flats make up around one in five homes in Britain, but their value has not increased at the same pace as houses.

Financial Reporter

Brokers have called for a rethink around risk by lenders when it comes to the employed versus the self-employed.

FTAdviser.com

Santander s decision to lower its affordability rates across all of its residential and most of its buy to let products has been welcomed by mortgage brokers and described as a return to normality

The Times

First-time homebuyers with small deposits were dealt a blow yesterday after a major lender stopped offering them mortgages amid fears that they could end up

Mortgage Professional

It also reduces the maximum LTI multiples for self-employed borrowers

Financial Reporter

The maximum loan-to-income multiple for self-employed applicants has been lowered from 5.00 times to 4.49 times income.

The Intermediary

TSB is pausing its new build lending at 90% LTV while reducing the maximum loan-to-income (LTI) multiples for self-employed applicants.

Mortgage Strategy

TSB has paused its new build lending at 90% loan to value and will cut multiples for self-employed borrowers. The bank says in light of the ending of the government’s Help to Buy scheme, it will “temporarily”...

The Intermediary

With mortgage rates now dropping back from recent highs should brokers be advising people to opt for the security of a fixed rate or a cheaper tracker or variable rate mortgage?

Financial Reporter

Brokers shared their views on tracker vs fixed rate mortgages in the current lending climate.

FTAdviser.com

Residential property transactions fell 3 per cent in October but developers anticipate house sales to plummet further in the coming months

The Times

The slashing of the capital gains allowance could cause a fire sale of buy-to-let properties as landlords look to avoid paying thousands of pounds more in tax.

Mortgage Strategy

The mortgage industry has reacted to the Autumn Statement this lunchtime, with some suggesting it will “restore confidence” while others claim areas of the sector “have been bypassed”. Lodestone Mortgages...

The Scotsman

Cuts to the capital gains allowance announced in the autumn statement could be “the final nail in the coffin” for small-scale buy-to-let owners, meaning such activity is “no longer a viable investment...

Financial Reporter

Brokers said the approach is particularly positive for people buying new builds, as it protects them from building delays.

FTAdviser.com

Lenders honouring mortgage rates for up to 12 months is exactly what the market needs according to brokers following the uncertainty around interest rates which ensued after the last budget

Mortgage Professional

Broker firm director lists five key things to do to ride out the storm

Mortgage Strategy

The mortgage market was at the sharp edge of the political and economic turmoil in the UK during September and October, with mortgage deals withdrawn at an unprecedented rate and the cost of fixed-rate...

The Telegraph

The lifetime cost of taking out a mortgage is higher than any point since 1974

Mortgage Solutions

Brokers have been urged to educate clients on the pressure tactics they are likely to experience from estate agents, pushing them to use the agent’s own mortgage adviser, in order to combat conditional...

Express.co.uk

Mortgage deals are under pressure from rising interest rates but Britons can save hundreds with the right mortgage, an expert has said.

Mortgage Professional

Mortgage industry reacts to comments regarding lenders’ SVRs

The Intermediary

“Get that fella off the TV and let’s see his CeMap papers. Since when has sound financial advice been given on speculation” said one broker.

HuffPost UK

Even though the mini-budget has been torn up, other factors mean your mortgage rate probably hasn’t decreased.

Metro.co.uk

Mortgage lenders have started to pull their best deals.

Financial Reporter

It’s hoped that the government announcements will reduce the need for the Bank of England to hike base rates.

IFA Magazine

Following the impact of today’s political announcement on borrowers and savers, a selection of IFA and Brokers have commented. Samuel Mather-Holgate of Sw

Mortgage Solutions

Mortgage brokerages are finding it harder to recruit new adviser talent, which is at least partly down to the turmoil seen in recent weeks.

WalesOnline

Worried lenders have suddenly pulled a record number of mortgage deals

The Telegraph

‘Damage already done’ say experts with Bank Rate expected to top 5pc next year

Mortgage Professional

Number of granted planning applications drops

Mortgage Solutions

Mortgage brokers are helping remortgagors to deal with rate shocks as thousands of clients coming off fixed rates.

Mortgage Professional

Halifax, Virgin Money, Skipton put the brakes on as BoE says it will ‘do what it takes’ with interest rates

The Guardian

Banks and building societies pull hundreds of deals in anticipation of further interest rate rises

The Telegraph

Halifax will temporarily pull deals which have a fee through its mortgage broker arm

Reuters

Turmoil in British financial markets forced mortgage lenders to temporarily withdraw and reprice products for new customers on Monday, a real-world consequence of the market volatility thrown up by finance...

Express.co.uk

Rightmove has reported a jump of 10 percent in traffic as homeowners and first-time buyers weigh up their options following the stamp duty changes announced by the Chancellor.

Mortgage Solutions

The government has said that it wants to encourage mortgage lenders and others to include a borrowers’ rent track record in lending decisions to allow more first-time buyers onto the property ladder.

Mortgage Strategy

New prime minister Liz Truss and chancellor Kwasi Kwarteng are considering cutting stamp duty, The Times reports. It is believed the cut will be announced this Friday, 23 September, as part of her cabinet’s...

Metro.co.uk

Now’s the time to take advantage of Help to Buy if you want to get on the property ladder.

FTAdviser.com

The package of measures announced by prime minister to support UK households with their energy bills this winter is a short term policy which will result in long term pain IFAs have said

Your Mortgage

It's now or never if you want to take advantage of the government's equity loan scheme

IFA Magazine

Brokers have urged anyone seeking to make use of the Help to Buy scheme to “get their skates on, pronto”, ahead of the forthcoming deadlines. They have al

Your Money

Nationwide has repriced its mortgage range, with 10-year deals now cheaper than the two-year equivalents. But, should homeowners lock in for a decade?

Mortgage Solutions

Brokers need to accept that the agreement in principles (AIPs) they generate for clients are “not worth the paper they are written on” at the moment, intermediaries have argued.

IFA Magazine

Following the Nationwide August House Price Index published this morning industry experts have reacted. Ross Boyd, founder of the always-on mortgage comparison

Mortgage Solutions

Brokers have suggested that the enormous increases to energy bills, along with the other cost of living pressures, are already affecting how lenders approach affordability.

FTAdviser.com

Many homeowners could be forced to sell their home and downsize in the face of rising energy bills and interest rates which keep on climbing

Mortgage Solutions

Millions of households are facing fuel poverty this winter after Ofgem confirmed the energy price cap will rise 80% to £3,549 on 1 October 2022.

Financial Reporter

Ofgem has today confirmed that household energy bills will rise by around 80% from October when the new price cap comes into effect.

Mortgage Strategy

Confirmation from Ofgem that the energy cap will be raised from £1,971 to £3,549 a year from October has been met with dismay by many in the mortgage industry. Outside of immediate concerns for staying...

MoneyWeek

The UK could fall into a recession by the end of the year – and it could last for the whole of 2023. Saloni Sardana explains what to expect, and how to prepare your finances.

The Telegraph

Lenders stealthy the minimum loan size to exclude lower-priced homes

IFA Magazine

Following the UK House Price Index (June 2022), property experts have reacted. Ryan Joyce, director of Nottingham-based independent mortgage broker, Key Mortg

IFA Magazine

Following the Land Registry house price data published this morning agents and brokers have commented: Wesley Davidson, founder of broker Fox Davidson: “Th

The Times

With 163 days until Christmas, buyers need to get a move on if they plan on enjoying the festivities in their new home, with many who agree an offer

Metro.co.uk

Mortgage rates are on the rise - and fast.

Mortgage Solutions

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

This Is Money

Even if we avert a downturn, it always pays to be prepared. Joe Seager is worried about the outlook and has taken action over his home loan.

Daily Mail

Even if we avert a downturn, it always pays to be prepared. Joe Seager is worried about the outlook and has taken action over his home loan.

Mortgage Solutions

Educating clients about how the homebuying process works is as important as locating the right rate, brokers have argued, although schools could always do more.

Mortgage Strategy

The UK government is considering plans for cross-generation mortgages to tackle the housing crisis but the idea was not welcomed by all in the mortgage sector with one describing the idea as “ludicrous”....

Express.co.uk

REVOLUTIONARY plans allowing 50-year ‘family mortgages’ to be shared by generations have Boris Johnson’s backing.

The Telegraph

Japanese-style proposals being considered by Boris Johnson would allow first-time buyers to borrow more over a longer period

The Independent

PM keen on 50-year mortgages – but warned only wealthy would benefit from ‘inheritance planning tool’

IFA Magazine

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

Financial Reporter

As more and more people lock into longer term fixes, Newspage asked a selection of mortgage brokers if the age of rock-bottom interest rates is finally over.

IFA Magazine

Following the release of the planning applications data published by the Department for Levelling Up, Housing & Communities this morning, the following co

Ideal Home

Inflation is running at a 40-year high, you’ve no doubt seen how it affects your everyday purchases, but how does inflation affect mortgage rates?

MSN

The average home costs £27,082 more than a year ago, at £269,914, said Nationwide Building Society.

This Is Money

The average home costs £27,082 more than a year ago, at £269,914, said Nationwide Building Society.

Daily Mail

The average home costs £27,082 more than a year ago, at £269,914, said Nationwide Building Society.

The Intermediary

Annual UK house price growth slowed modestly in May to 11.2%, down from 12.1% in April, according to the latest figures from Nationwide.

Mortgage Solutions

A flurry of digital lenders have launched in the mortgage market aiming to shake up the status quo. Taking on the big banks is no easy feat but critics believe there is space for innovation.