Peter Stamford's Media Coverage
FTAdviser
‘Is it time interest-only made a comeback?’Interest-only mortgages were once the bread and butter of the UK mortgage market...
FTAdviser
First time buyers’ 99% mortgage with £5k deposit launchedA 99 per cent mortgage product for first time buyers has been launched by Yorkshire Building Society and Accord mortgages.
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.
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....
FTAdviser
Govt considers ‘radical approach’ to homeownership with 1% mortgagesThe UK government is exploring a 'radical approach to dismantling the towering barriers to homeownership' by offering 1 per cent mortgages, according to the Mortgage Uni mortgage expert, Peter Stamford.
The Guardian
Ministers’ 99% mortgage idea could overheat UK housing market, say expertsScheme to support first-time buyers that would appeal to young voters reportedly being considered by No 10
Birmingham Live
Drastic new housing deposit and mortgage rules coming ‘in March’Experts have warned about a potential “99% mortgages” scheme for first-time buyers that would appeal to young voters before the next election
The Intermediary
Santander and Skipton “shrug off” inflation data with further mortgage rate cutsLenders are not letting a small increase in inflation spoil the recent pattern of fixed rate cuts, with both Santander and Skipton announcing cuts this morning.
Mortgage Solutions
Inflation rise ‘blip’ that won’t reverse rate drops but beware swap rises – analysis - Mortgage SolutionsInflation increased in December. However, industry experts don’t see this as a portent of doom. But if swap rates rise, that could change.
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
Stamp duty cuts in Autumn Statement: “Idiotic doesn’t do it justice”With the Treasury considering cuts to stamp duty in the Autumn Statement, or at least before a General Election, experts are divided on the move, with some welcoming it, but many more ridiculing it as...
Introducer Today
King’s Speech This Week - leasehold reform backed by mortgage bossesKing’s Speech This Week - leasehold reform backed by mortgage bosses
The Intermediary
Construction output continues to decline in OctoberFragile client confidence and elevated borrowing costs were often cited as reasons for weaker sales.
The Intermediary
“The devil is in the detail” – Brokers warn of potentially misleading mortgage advice published by BBCThe post suggests that borrowers may be able to tackle rising cost of living pressures by making overpayments on their mortgage, extending their mortgage term, or switching to an interest-only deal.
FTAdviser
Leasehold reforms ‘good news’ for ‘more transparent’ sectorRecently confirmed leasehold reforms are “good news for people who want a clearer and more transparent housing sector”, Moor Mortgages director, Peter Stamford, has argued.
Mortgage Professional
HSBC announces residential and BTL product changesHigh street lender reintroduces two-year fee saver and cuts selected rates
FTAdviser
‘No incentive’ to buy leading to mortgage market stagnationHesitancy from buyers may be leading to stagnancy in the mortgage market as “there’s very little incentive to buy now”, Self Employed Mortgage Hub founder, Graham Cox, has argued.
Mortgage Professional
“If the client is James Bond then their broker is Q”Brokers discuss how to build trust with their clients
Birmingham Live
Coventry Building Society issues 48-hour warning to anybody with a mortgageBrokers speaking to free UK news agency, Newspage, welcomed the news, specifically the timing as a lot of 2-year fixed rates are due to mature in the fourth quarter.
Financial Reporter
Coventry announces widespread residential and buy-to-let rate cutsThe Society is reducing all buy-to-let fixed rates for new and existing borrowers.
What Mortgage
Mortgage rates: Price cuts continue in time for remortgaging rushAnother interest rate decision is looming. Whether rates remain the same or go up the good news is fixed-rate mortgage prices are still falling.
Express.co.uk
Building Society to reduce fixed mortgage rates this week in ‘welcome news’Coventry Building Society will be cutting fixed mortgage rates across its residential and buy-to-let ranges.
London Loves Property
Will house price fortune favour the patient, or the bold?Over the past month or so, lenders have been reducing their fixed rates in an effort to stimulate the purchase market, which one broker has described as “stagnant” — a…
The Intermediary
Will house price fortune favour the patient, or the bold?With many prospective buyers gambling on further house price falls, will fortune favour the patient — or the bold?
Mortgage Professional
UK inflation stays at 6.7%Maintain or raise interest rates – what will be the Bank of England’s next move?
The Intermediary
Wage growth slowing quickly enough for the Bank of England to keep interest rates at 5.25% next month, economistsThe deceleration in wage growth is expected to influence the Monetary Policy Committee’s (MPC) decision on the Bank Rate next month, according to economics research firm Pantheon Macroeconomics.
inews.co.uk
Inflation forecast to fall to 6.5% – here’s what it would mean for you and your moneyInflation has been falling steadily since the end of 2022 according to official figures
Birmingham Live
Halifax issues £999 message and it’ll ‘put cat among pigeons’Brokers told Newspage the rates will see 5-year fixed money continue to improve, with a 4.73% 5-year fixed rate with a £999 fee — and that 2-year fixed deals are also edging ever closer to 5%.
The Intermediary
Now could be “perfect window” for first-time buyers, say expertsFalling borrowing costs and improved sentiment could see more buyers enter the fray soon, increasing competition for first-time buyers.
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.
FTAdviser
Homebuyers have 18 months to avoid stamp duty hikeProspective homebuyers have only 18 months to avoid a stamp duty hike costing them thousands of pounds, analysis from Coventry Building Society has revealed.
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
Two-year swap rates falling below 5% ‘best news in months’Two-year swap rates falling below 5 per cent is the “best news we have heard in months”, The Mortgage Expert’s Darryl Dhoffer, has argued.
The Intermediary
Rental prices rise by 5.5% in August – ONSAnnual private rental prices increased by 5.4% in England, 6.5% in Wales, and 6.0% in Scotland in the 12 months to August.
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 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.
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.
Birmingham Live
Santander issues warning to anybody with an account and says ‘from tomorrow’The high street bank has confirmed cuts from 0.04% to 0.11% and the launch of a new remortgage product up to 60% LTV from Thursday September 7.
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.
Mortgage Solutions
High stress rates driving investors to specialist BTLHeightened buy-to-let stress rates are leading landlords to diversify into specialist property types and look for alternative solutions.
FTAdviser
Buy-to-let institutionalisation has ‘slightly Orwellian undertones’The “institutionalisation” of the buy-to-let market and the private rented sector has “slightly Orwellian undertones”, one broker has claimed.
Mortgage Solutions
Interest-only demand ‘not as high as expected yet’ say brokersWhile there has been an uptick in enquiries from clients around moving to interest-only, it has not been to the levels expected, according to intermediaries.
The Intermediary
“Orwellian undertones” – brokers divided on current state of buy-to-letAs the financial and regulatory walls close in on amateur landlords, institutional investors are increasingly moving in.
The Intermediary
Product transfers hit record high in Q2 - UK FinanceQ2 2023 saw 84% of remortgaging deals being internal product transfers.
BirminghamLive
Barclays issues 24-hour warning and says ‘it starts tomorrow’The high street banking giant says cuts are coming across its Residential and Buy to Let new lending and Reward ranges.
The Intermediary
Barclays to make further mortgage rate cutsThe lender will be reducing its 2-year fixed 60% loan-to-value (LTV) product from 6.13% to 5.98%.
FTAdviser
Santander tightening buy-to-let affordability ‘disaster’ for marketSantander increasing its interest cover ratio calculations is a “disaster for the buy-to-let sector” and could lead to a “housing crisis in the making”, one broker has claimed.
inews.co.uk
Mortgage price war set to be short lived with base-rate hike next month now ‘highly likely’Higher-than-expected wage growth data has increased the likelihood of another Bank of England interest rate rise, according to economists
Financial Reporter
NatWest reduces fixed rates by further 0.45%Rates have reduced across residential and buy-to-let purchase and remortgage deals.
Mortgage Professional
How I became a broker – Peter Stamford’s storyFormer foster carer wants to provide mortgage services to foster carers
Express.co.uk
Fixed mortgage rates could fall even with Bank of England’s interest rate riseThe Bank of England is expected to raise the Base Rate by a further 0.25 percent today, but brokers say this has already been “baked in” to fixed mortgage rates.
Property Week
Inflation fall could have a ‘sting in its tail’ for interest ratesUK headline inflation has dropped from 8.7% to 7.9% in June, representing a 15-month low, while core inflation has dipped slightly to 6.9%, but property industry experts fear this “could have a sting in...
IFA Magazine
Latest UK inflation data better than expected, but what does it mean for mortgages and property?Mortgage and Property experts share their reaction to the June UK inflation data showing rate has fallen to 7.9%.
IFA Magazine
Latest UK inflation data better than expected, but what does it mean for mortgages and property? Experts reactMortgage and Property experts share their reaction to the June UK inflation data showing rate has fallen to 7.9%.
IFA Magazine
Where next for the base rate? Views from 18 financial services expertsFollowing this morning’s inflation data, UK newswire, Newspage, asked 18 financial services experts from around the UK what they think the Bank of England will
Daily Mail
Office for National Statistics reveals inflation rate fell in JuneThe headline CPI rate was running at 7.9 per cent in June, tumbling from 8.7 per cent the previous month and significantly below expectations.
The Children's Family Trust
The foster carer’s mortgage guide | The CFTThe CFT | Foster carer’s mortgage guide | Download Moor Mortgages practical guidance for carer’s looking to remortgage in the next year.
The Children's Family Trust
When fostering is your transferrable skill | The CFTThe CFT | When fostering is your transferrable skill | Using fostering experiences to create your own business.