Matthew Jackson's Media Coverage
The Intermediary
Lenders are increasingly adapting their lending policies to suit construction subcontractorsThe mortgage options for construction sub-contractors have increased by a third over the past year, mortgage brokers specialising in this field have said.
The Intermediary
Has underwriting become overwriting?A number of brokers have expressed frustration on Newspage recently about the state of mortgage underwriting, specifically around lenders suddenly asking for huge amounts of evidence for even the most...
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.
Mortgage Solutions
Hunt drops 99 per cent mortgage idea just days before Budget – reports - Mortgage SolutionsChancellor Jeremy Hunt has reportedly scrapped the idea of a 99 per cent mortgage scheme after lenders raised concerns.
FTAdviser
Govt reportedly scraps 99% mortgage scheme after concernsBrokers have said the government’s proposed 99 per cent mortgage scheme “would never have ended well” following reports the idea has been scrapped. government insiders report...
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.
Sky News
Money latest: ‘Dangerous’ sub-1% mortgage launched for new homesA mortgage that could see people paying less than 1% interest initially for a new home has received a mixed response. Read this and more in the Money blog, your place for consumer and economic news. Comment...
Express.co.uk
Inflation rise could hit mortgages but but good news for savings accountsThe Consumer Price Index (CPI) rate unexpectedly increased to four percent in the 12 months to December 2023.
Express.co.uk
Inflation back on the rise after unexpected plunge in previous reportRises in tobacco and alcohol prices due to recently introduced duty increases were one of the main drivers for December’s uptick.
Express.co.uk
Virgin Money announces ‘significant’ cuts to mortgage ratesMortgage rates are coming down at Virgin Money with many calling for other lenders to follow suit in regards to their interest rates.
FTAdviser
BoE’s appointment of former Fed chair for review is ‘humiliating’The appointment of US Federal Reserve ex-chairman, Ben Bernanke, to oversee a review of the Bank of England’s economic forecasting is “frankly humiliating”, R3 Mortgages founder and director, Riz Malik,...
Mortgage Professional
What are the ‘best’ mortgage products?Brokers discuss fixed rates and variable offers
FTAdviser
Mortgage rate data can be ‘misleading’, say brokers‘Average’ data can be misleading and should always be caveated, according to a number of brokers said in response to questioning from Newspage.
The Intermediary
UK inflation rate stands at 8.7%, highest since 1981Meanwhile, the core inflation rate, which excludes volatile elements like energy and food costs, reached its highest level since 1992.
The Independent
Hunt’s mortgages deal dubbed ‘sticking plaster’ as Sunak urged to offer subsidiesGovernment told to offer direct support to homeowners – as chancellor’s agreement with banks dismissed as a ‘water pistol to put out a fire’
Mortgage Solutions
Advisers urge lenders to agree minimum 24-hour withdrawal notice periodBrokers 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.
The Intermediary
Mortgage brokers call on lenders to establish a minimum notice period for product withdrawalsMortgage 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
Brokers renew calls for mandatory rate withdrawal notice periodsFollowing the withdrawal of 10 per cent of mortgage deals in the past week, mortgage brokers have again called for mandatory notice periods from lenders.
FTAdviser
Brokers call for new rules on ‘rampant’ conditional sellingMortgage brokers have expressed frustration at continued conditional selling in the housing market, with some reporting unfair practices by housing associations responsible for shared ownership schemes.
Mortgage Solutions
The ABCs of broker/lender communicationLenders have been urged to focus their efforts on building relationships with brokers, ensuring that intermediaries do not spend interminable periods on hold, if they want to offer better support.
Mortgage Solutions
Next year will be ‘survival of the fittest’ for landlords unless lenders innovateDemand has been high for complex buy-to-let this year and expected to grow even more next year, but brokers have said product innovation is crucial to sustain this sector.
Financial Reporter
Brokers urge lenders to rethink self-employed riskBrokers have called for a rethink around risk by lenders when it comes to the employed versus the self-employed.
Mortgage Solutions
Treasury planning to extend mortgage guarantee scheme – reportThe Treasury is allegedly planning to extend the mortgage guarantee scheme, which is due to expire at the end of this year, to better support first-time buyers.
Daily Mirror
What will happen to house prices and mortgages in 2023 - we ask the expertsHouse prices seem to be cooling after a year which has seen mortgage rates rocket - but what will happen next year in 2023? We ask the experts for their predictions
The Telegraph
Middle-class mortgage crunch as nervous lenders crack downEven the smallest of hiccups – even disputed parking tickets – is leading to rejections
Mortgage Solutions
Second charge will be ‘big business’ in 2023 – analysisSecond charge will continue to grow in popularity next year due to rising cost of living, higher remortgage costs and more people coming to term end on fixed rates next year.
Mortgage Solutions
Lenders urged to stop ‘persecuting’ self-employed borrowers ‒ analysisLenders have been guilty of ‘persecuting’ self-employed borrowers since the pandemic, brokers have claimed, a situation which has only been exacerbated by the impact of the mini-Budget.
IFA Magazine
Halifax Nov House Price Index: reaction from estate agents and brokersFollowing the Halifax November house price index announcement that highlighted that the UK housing market is continuing to slow, a selection of estate agents a
IFA Magazine
Report links depression and the cost of living crisis – but are advisers seeing evidence with clients? ReactionAs the cost of living crisis continues to hit families and businesses alike, the ONS published a report this morning about depression and the cost of livin
The Intermediary
The Mortgage Works to reduce stress ratesThe move has been broadly welcomed by brokers as one that “may reignite the buy-to-let market”.
The Intermediary
Bank of Ireland to cuts 5-year fixed mortgage rates to start at 4.65%The move has been widely welcomed by brokers who have seen the market fluctuate widely in the months since the ill-fated Prime Ministership of Liz Truss.
IFA Magazine
Brokers reveal which types of borrower will struggle to get mortgages in 2023As lenders tighten their criteria due to rising rates, reduced affordability amid the cost of living crisis and the prospect of a long recession ahead, free PR
FTAdviser.com
Mortgage approvals fall 11% as lenders hit by borrowing dipMortgage approvals fell 11 per cent in October their lowest level since June 2020 when the UK was battling with Covid 19
The Intermediary
To track or to fix? The Big Broker Debate - The Intermediary - Latest UK mortgage newsWith 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?
IFA Magazine
Average 5-year fix falls below 6% for first time in seven weeks - brokers give their views on where fixed rates are headed...Following news that the average 5-year fixed mortgage rate has fallen below 6% for the first time in seven weeks, free broker PR platform, Newspage, asked a s
Mortgage Solutions
Experts predict mortgage and base rates post Autumn StatementMarket experts seem to believe that post Autumn Statement, the base rate and mortgage rates will start to fall (sooner or later).
Mortgage Solutions
Mortgage porting is the ‘unexpected gift’ of rising rates – analysisAn air of urgency and panic has been prevalent in the housing and mortgage market for some time.
Mortgage Solutions
US mortgage rates tumble – view from across the pondMortgage rates in the US have tumbled, according to Freddie Mac. Could the UK be about to follow its transatlantic cousin?
Mortgage Solutions
Brokers urge Hunt to ‘stay away’ from mortgage market ahead of Autumn StatementBrokers want to see no “nasty surprises” in tomorrow’s Autumn Statement that could cause further turmoil in the mortgage market.
inews.co.uk
Mortgage rates could fall below 4 per cent by next year, as central rate expected to peak lowerSome lenders are also guaranteeing their mortgage offers for up to 12 months in order to better protect customers.
Financial Reporter
Brokers praise lenders offering 12 month mortgage offersBrokers said the approach is particularly positive for people buying new builds, as it protects them from building delays.
FTAdviser.com
Year-long mortgage offers ‘exactly what market needs’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