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Imran Hussain
Media Coverage
Express.co.uk
Three major banks slash mortgage rates in ‘important’ market signalExperts are expecting further steady, gradual reductions through 2026.
Express.co.uk
Two major lenders slash rates as borrowers to cash in on ‘summer mortgage war’HSBC and Santander have announced cuts to their mortgage interest rates, as other lenders look likely to follow suit, experts claim.
The Intermediary
Halifax introduces rate increases for selected remortgage productsAcross its remortgage products including large loans, Affordable Housing – Shared Equity/ Shared Ownership and equivalent green home products, the lender will be introducing rate increases up to 0.17%...
inews.co.uk
Mortgage deals increase by hundreds of pounds a year as lenders pull cheaper ratesBrokers say the speed at which rates are being pulled is a ‘joke’ and some customers are missing out on the best deals
FTAdviser
Blow to borrowers as major lenders hike mortgage ratesA series of mortgage rate increases among the biggest lenders, including NatWest, Santander, and Halifax, have been announced.
The Intermediary
Brokers left angry as TMW gives just six hours notice of rate changesBrokers have once again raised concerns about short-notice product changes from lenders after The Mortgage Works (TMW) issued an email at 14:00 advising brokers they had until 20:00 tonight to lock in...
The Independent
Mortgage and credit card default rates jumped in run-up to ChristmasMortgage defaults expected to get ‘even worse’ over the coming months as high interest rates pile ‘immense’ pressure on households
FTAdviser
Santander updates affordability calculator following NI reductionSantander’s update to its affordability calculator shows it is “willing to fight for business beyond simply interest rates”, according to Barnsdale Financial Management principal adviser,...
Daily Mail
New Year mortgage price war breaks out as Halifax cuts fixed ratesHalifax, the UK’s largest lender, became the first company to slash rates on its remortgage deals by up to 0.83 percentage points yesterday, just hours into the first working day of the year.
Yahoo News
Mortgage rates look set to keep falling in 2024 as Halifax slashes pricesBut some brokers were sceptical of the timing of the cuts
Evening Standard
Mortgage rates look set to keep falling in 2024 as Halifax slashes pricesBut some brokers were sceptical of the timing of the cuts
FTAdviser
Mortgage rates could drop below 4% by year endMortgage rates could “drop below 4 per cent by the end of the year”, Magni Finance director, Ashley Thomas, has argued following recent rate reductions.
The Intermediary
Mortgage rates could “drop below 4%” before year end, brokers predict as Halifax cuts ratesHot on the heels of HSBC, Halifax has announced it is reducing its mortgage rates again on Wednesday 15th November. Following the news, one broker said some rates, based on the current direction of travel,...
FTAdviser
‘We’re dealing with people whose attention spans are shorter’The mortgage industry has a lot to catch up on when it comes to serving the clients of today, says Imran Hussain.
The Intermediary
“A period of adjustment”- brokers react to current fixed ratesNewspage asked brokers what level they think average 2-year fixed rates need to drop to in order to reignite the property market.
The Intermediary
“Down-valuations are becoming the norm” – property experts revealSuccessfully appealing these valuation decisions is often extremely difficult, particularly given the current climate.
Express.co.uk
House price meltdown warning ahead of Bank of England’s next interest rate moveEXCLUSIVE: Another interest rate rise from the Bank of England will spark a housing market meltdown, a finance expert has said.
Mortgage Professional
Average five-year fixed rate surpasses 6% - MoneyfactsLenders and brokers react
FTAdviser
Average 5-year fix hits 6% for first time since ‘mini’ BudgetThe average interest rate paid on a five-year fixed rate mortgage has risen above 6 per cent today as brokers warn that rates still have not hit their peak.
Financial Reporter
Average five-year fix surpasses 6% - brokers reactBrokers noted that rates are still available below 6% but predict rates to rise further.
Mortgage Solutions
Network data table: Stonebridge biggest gainer in battle for brokers ‒ analysis - Mortgage SolutionsStonebridge saw the biggest growth in AR numbers among regular mortgage networks last year, new analysis has found.
The Times
The sales tactic some estate agents use to pressure buyersImagine 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...
Mortgage Strategy
Santander cuts new business, tracker rates by up to 34bps – Mortgage StrategySantander for intermediaries will cut most new business fixed-rate loans by up to 28 basis points and selected tracker rates by up to 34bps tomorrow (21 March), which brokers hope will spur further cuts...
IFA Magazine
As Nationwide warns “deposit requirements remain prohibitively high” for FTBs, brokers reveal which lenders stand outFollowing Robert Gardner of Nationwide outlining the challenges faced by first-time buyers this morning in the lender’s February HPI, Newspage asked brokers wh
Mortgage Solutions
Brokers split on appeal of overpayments in cost of living crisis ‒ analysisBrokers are divided on whether the cost of living crisis has improved or dented the appeal of making overpayments on mortgage repayments, while some have suggested that offset mortgages may work out a...
FTAdviser
Lenders hike fees to ‘keep BTL profit machine churning’Lenders have been steadily increasing the arrangement fees charged on buy to let mortgages in recent weeks with brokers suggesting it is in an attempt to maintain profit levels and allow landlords to borrow...
FTAdviser
High street mortgage lenders cut rates as ‘price war’ commencesHigh street mortgage lenders Halifax Nationwide and Virgin Money have all signalled cuts to their interest rates this week as broker predictions of a price war bear fruit
IFA Magazine
Brokers respond to comments made by Money Box presenter Paul LewisScott Taylor-Barr, Financial Adviser at Carl Summers Financial Services: “I’m a self-employed mortgage adviser, with over 25 years’ financial service
Financial Reporter
Money Box’s Paul Lewis tells mortgage seekers to avoid ‘local brokers’ - brokers reactPaul Lewis said
Mortgage Solutions
First-time buyers will be ‘active’ this year despite headwindsFirst-time buyers will continue to be motivated this year to buy, possibly benefitting from falls in house prices.
IFA Magazine
UK Finance Report warns of ‘softer mortgage market’ but does it go far enough? Brokers respondThis morning’s UK Finance report about mortgage forecasts has predicted a ’softer mortgage market in 2023, as affordability comes under pressure from inflation
Mortgage Strategy
News Analysis: Buyers ‘sit tight until next year’November saw the Office for National Statistics issue a positive report: that, in October, transactions had risen 2% on a monthly basis to 108,480. However, many brokers were quick to discount this news....
Mortgage Professional
NatWest lowers rates for new and existing customersThe rate reduction across its product portfolio is effective from today
Mortgage Solutions
Nationwide BS and brokers issue spray foam mortgage warningMore homeowners are installing spray foam insulation to keep bills down but many could inadvertently end up with unmortgageable properties.
Mortgage Professional
Brokers react to claims of rising cases of conditional sellingEstate agents organisation reiterates that it’s a bad practice
Financial Reporter
Brokers warn of rise in conditional selling as transaction levels dropOne broker says he has lost two clients over the past month alone due to conditional selling.
Mortgage Strategy
Feature: Making waves - long-term mortgages | Mortgage StrategyHigh property prices, a cost-of-living crisis and now rapidly rising interest rates have resulted in far more homebuyers opting for 30-year-plus mortgage terms. It is not hard to see why these longer-term...
FTAdviser.com
House prices fall for first time since July 2021House prices in the UK fell for the first time since July 2021 last month as the sector reckoned with the impact of September s mini Budget and the subsequent economic fallout
Mortgage Solutions
Help to Buy will leave a ‘mixed legacy’ – analysisAs the Help to Buy scheme closes for new applications from today, brokers reflect on its legacy - the ups and the downs.
The Intermediary
House prices register first monthly decline since July 2021 - NationwideOn an annual basis house prices are still up 7.2%, albeit down from 9.5% registered in September.
The Telegraph
First-time buyers need to quadruple deposits to beat mortgage mayhemAverage borrower would need to find an extra £81,510 to get onto the housing ladder
East Midlands Business Link
Businesses react following Liz Truss’s resignation as Prime MinisterFollowing the resignation of Liz Truss as Prime Minister, East Midlands business leaders are reacting.
This Is Money
There won’t be a house price crash... yet, says Fred HarrisonFred Harrison (pictured) says based on his 18-year property cycle theory, which he has mapped out using hundreds of years’ worth of data, UK prices won’t fall until 2026.