C B's Media Coverage
Evening Standard
The Mortgage Works offers sub-4% buy-to-let mortgageIt’s the first sub-4% deal in the current cycle of price changes
The Intermediary
“Rates may be higher for longer” as Dr. Catherine L Mann reappointed to MPCA spokesperson said: “Dr. Mann will continue to hold the post until 31 August 2027.”
Introducer Today
Outrage at “shameful” Halifax move to cut maximum age on some productsOutrage at “shameful” Halifax move to cut maximum age on some products
The Intermediary
Total number of individual and company insolvencies rise in February, data revealsThe number of registered company insolvencies in February 2024 was 2,102, 17% higher than in the same month in the previous year.
Express.co.uk
Personal debt crisis – surge in numbers seeking bankruptcyThe total number of insolvencies reached 10,136 in February compared to 8,239 in the same month last year.
Coventry Live
HSBC rates to rise as it follows in footsteps of Barclays and NatwestHSBC has announced increases across the whole of its fixed rate range of mortgages, joining Barclays and Natwest.
Property Industry Eye
What impact will government’s 1% deposit mortgage scheme have on the housing market? - Property Industry EyeWhat 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....
This Is Money
Housebuilders accused of ‘cynical ploy’ as build starts fall 68%Government data showed the number of sites where building work started on site was 21,300, down 68% between 1 July and 30 September, compared to the same point a year ago.
CityAM
Brokers warn government against backing one per cent deposit mortgagesBrokers have warned that the government could push up house prices even further if it guarantees mortgages for first-time buyers with one per cent deposits.
FTAdviser
Rate war ‘rages on’ as major lenders announce cutsThe mortgage rate war “rages on” as major lenders have announced a fresh round of rate reductions.
FTAdviser
January mortgage fire sale ‘firmly underway’ following rate cuts'The January mortgage fire sale is firmly underway' as major lenders Barclays and Santander announce rate reductions, according to EHF Mortgages managing director, Justin Moy.
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,...
FTAdviser
Mortgage rates could reach ‘sub 3%’ by year end, say brokersThe mortgage market may see “sub 3 per cent rates” by the end of the year, according to some brokers.
Financial Times
UK house prices rise for third consecutive month, Halifax data showsSupply shortage pushes property valuations to highest level since last March
CityAM
Fear within UK small businesses peaks as economy shrinksThis year, the number of tax-registered businesses fell for the first time since 2011, with the drop mainly driven by small businesses.
Moneyweek
Nationwide: UK house prices creep up by 0.2% - are we heading for a rebound?Nationwide’s latest house price index shows property prices inched up by 0.2% as demand warms up - will this trend go into 2024?
B&C
Property market in November was ‘sluggish and inactive’ — but there is positivity for 2024House prices in November have risen by 0.2%, but remain 2% lower than a year ago, reveals Nationwide’s latest House Price Index (HPI).
Mortgage Solutions
Revealed: Brokers’ favourite (and not-so-favourite) lender portals and the features they loveBrokers have urged lenders to focus on simple features when designing broker portals, without introducing adding complications like the need to download an app.
The Intermediary
UK house prices edge up in November, showing signs of recoveryNovember witnessed a 0.2% increase in UK house prices, the most significant annual improvement since February 2023.
Financial Times
UK house prices beat forecasts to rise again in NovemberNationwide reports third consecutive monthly increase as hopes grow of stabilisation in property market
Birmingham Live
Nationwide issues warning to every UK household with a mortgageAcross the UK, the average property cost £258,557 in November.
FTAdviser
‘Rate war drum becoming louder’ as NatWest and Halifax reduce ratesThe rate war drum is now becoming louder by the day, Contractor Mortgage Services director, Ken James, has said following recent rate reductions from both NatWest and Halifax.
The Intermediary
Halifax and NatWest make further fixed rate mortgage cutsNatWest now offering a 2-year fixed remortgage from 4.87%.
Birmingham Live
NatWest and Halifax announce new rules for mortgage holders from todayHalifax have announced up to 0.72% off a number of their deals, too.
Mortgage Solutions
Brokers bemoan product ‘gaps’ as numbers hit 15-year high ‒ analysisBorrowers with patchy credit records, the self-employed or those looking for offset deals are left with comparatively few options, despite the recent hike in overall mortgage product numbers, brokers have...
FTAdviser
‘Madness’ that FCA allows firms to solely offer equity release adviceIt is "madness" that the Financial Conduct Authority allows firms to solely offer equity release advice, South Coast Mortgage Services director, Gareth Davies, has argued
The Intermediary
“Great news for homeowners” as HSBC and TSB make further rate cutsBrokers welcomed the news and said it should boost the property market as the year draws to a close.
Birmingham Live
HSBC and TSB issue message to anybody with a mortgage and ‘it’s great news’This morning, both HSBC and TSB announced cuts, following on from Virgin Money yesterday.
Financial Reporter
Halifax announces further cuts to mortgage ratesHalifax has launched a sub-6% deal at 95% LTV as part of the changes.
Mortgage Professional
Has confidence returned to the mortgage market?One expert believes the outlook is comparable to post lockdown
The Intermediary
Halifax makes further mortgage rate reductionsBrokers told Newspage that this was a “lifeline for first-time buyers.”
Mortgage Solutions
TSB cuts mortgage rates to below five per cent - Mortgage SolutionsTSB has announced a series of rate cuts of up to 0.35 per cent which will see some mortgage pricing fall below five per cent.
Your Money
Major high street lender cuts mortgage rates to below 5% despite swap rate riseTSB has announced a series of rate cuts of up to 0.35 per cent which will see some mortgage pricing fall below five per cent.
Financial Reporter
TSB cuts mortgage rates by up to 0.35%Residential, product transfer and additional borrowing rates have reduced by up to 0.35%.
BirminghamLive
Barclays issues two-year message to any customer who has a mortgageBrokers said this looks to be the cheapest 2-year fixed they have seen for months.
Mortgage Professional
The value of good mentors in the mortgage industryBrokers explain why mentors are the catalyst for success
Financial Reporter
HSBC announces further cuts to residential and buy-to-let ratesThe lender has announced wide-ranging rate cuts from Monday.
Mortgage Solutions
Planning system, weak leadership and BTL to blame for housebuilding issues ‒ analysis - Mortgage SolutionsBrokers have suggested that the dire levels of housebuilding in the UK are down to a combination of factors including the attitude of the government, the plodding planning system and the buy-to-let sector...
Mortgage Professional
How can lenders improve?Brokers discuss the importance of the human touch and service
Mortgage Professional
How can lenders improve?Brokers discuss the importance of the human touch and service
FTAdviser
Limited company structure keeps landlords afloatLandlords looking to make ends meet amid a tight tax structure and rising interest rates are increasingly turning towards company structures, and many are growing their portfolios.
Mortgage Solutions
Down valuations ‘almost certain’ at the moment due to ‘cautious valuers’Brokers have suggested that downvaluations are becoming ever more common at the moment as valuers adopt a more cautious approach to the market.
FTAdviser
Top slicing BTL applications is a ‘game-changer’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
“Positive news for borrowers” - brokers react to Bailey’s signalling of a potential slowdown of base rate increasesAndrew 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.
Your Money
Mortgage prices set to drop as base rate peak approaches - Your MoneyLenders are expected to continue cutting mortgage rates following comments from the Bank of England’s governor which suggested the base rate was nearing its peak.
The Intermediary
Gazundering a growing threat to property chains, experts warnSpeaking with Newspage, property and mortgage professionals have noted a steep rise in gazundering as of late.
The Intermediary
House prices fell in August as impact of higher mortgage rates bite, HalifaxThe typical UK home now costs £279,569, a reduction of around £14,000 over the past year.
The Telegraph
Mortgage squeeze sends house prices plummeting, Halifax index shows - latest updatesHouse prices fell last month to fresh 14-year lows as buyers grappled with increasingly unaffordable mortgage costs.
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.