Luke Thompson's Media Coverage
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
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%...
The Intermediary
Coventry for Intermediaries “leads the march” with mortgage rate reductionsIn its residential range, the lender will be withdrawing all of its fixed rates at 80% loan-to-value (LTV) for new borrowers.
Mortgage Solutions
Brokers bemoan borrower budgets for protection ‒ analysis - Mortgage SolutionsBrokers need to be creative in finding the right protection solutions for clients with reduced budgets, intermediaries have suggested.
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.
The Telegraph
‘Desperate’ banks cut mortgage rates despite inflation blow - latest updatesMortgage lenders have announced cheaper deals today amid a “desperate” push to win customers despite inflation rising unexpectedly last month.
The Intermediary
Potential IHT cuts in Autumn Statement “an attempt to sway voters”Along with Stamp Duty cuts, the Treasury is considering IHT cuts in the Autumn Statement. Much like the SDLT cuts or another stamp duty holiday, experts said it was a cynical move by the Government to...
Mortgage Solutions
‘Huge increase’ in demand for limited company BTL seen by brokers ‒ analysisBrokers have reported seeing substantial increases in interest in limited company buy to let from their landlord clients, and have highlighted the importance of working with tax firms who can support clients...
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.
The Intermediary
Financial services and property experts urge Bank of England to leave rates on holdFinancial services have almost unanimously urged the Bank of England to leave rates on hold at tomorrow’s MPC meeting, and most are expecting it to do exactly that.
FTAdviser
Brokers slam comparison website for incorrect mortgage contentBrokers have raised concerns after incorrect content around interest-only mortgages was published on comparison website, Compare The Market.
Financial Reporter
Comparison website advises consumers not to overpay on interest-only mortgagesBrokers raised concerns around the incorrect content and highlighted the value of professional advice.
The Intermediary
EXCLUSIVE: Compare The Market interest-only mortgage content flagged as incorrect by brokersThe content was identified by Steven Morris at Advantage Financial Solutions, who shared his thoughts on LinkedIn.
Mortgage Professional
Does shared ownership have a place in the market?One broker compares it to marmite
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.
Pensions Expert
Still unloved: Annuities struggle to shake off their inflexible reputationAt least a fifth of savers do not believe annuities offer good value, despite rates being at a near 14-year high, a survey has revealed.
inews.co.uk
‘Bank of mum and dad’ now helping kids pay mortgagesAlmost four-fifths of parents are financially supporting their adult children including helping with mortgage payments
Daily Mail
UK homeowners reveal how rising mortgage rates are hitting financesBritain’s households face further mortgage pain as interest rates soar and monthly costs surge, with things unlikely to improve while inflation stays stubbornly high.
The Intermediary
“If rates are raised further on Thursday, the future is bleak”Many in the financial services industry are bracing themselves for the fallout from another interest rate hike.
London Property News
Property experts warn if the Bank of England raises interest rates further ‘the future is bleak’Ahead of this week’s Monetary Policy Committee meeting, UK newswire, Newspage, asked a selection of financial services experts whether they think the Bank of England should increase rates this week…
Financial Reporter
Is there a glimmer of light in the mortgage market? - brokers reactBrokers are split on the future for mortgage rates.
The Intermediary
Number of residential products rises above 5,000The number of residential mortgage products available in the UK market has risen above 5,000, according to recent research from Moneyfacts.
Daily Mail
Mortgage rates fall as experts predict period of calmMortgage holders in Britain are facing ever-higher repayment costs amid concerns the Bank of England will raise interest rates again on June 22 to help keep inflation under control.
FTAdviser
Brokers call for more lender innovation after Skipton 100% mortgage launchThe launch by Skipton Building Society of a deposit-free mortgage, specifically aimed at renters has taken the headlines by storm.
FTAdviser
Brokers call for more lender innovation after Skipton 100% mortgage launchThe launch by Skipton Building Society of a deposit-free mortgage, specifically aimed at renters has taken the headlines by storm.
Financial Reporter
Sunak considering relaunching Help to Buy scheme - brokers reactSunak is reportedly drawing up plans to bring back the Help to Buy Equity Loan scheme.
Mortgage Solutions
Return of the 100 per cent LTV mortgage a blessing, not a curse, for FTBsDemand for 100 per cent mortgages could be very high among first-time buyers but there are concerns around credit quality and negative equity
Mortgage Strategy
Cover feature: Work in progress - WFH or back in the office? – Mortgage StrategyIt is just over three years since the first Covid lockdown. As the country was told, ‘Stay at home,’ the mortgage market, along with many other sectors, was forced into new ways of working. Teams and Zoom...
Mortgage Strategy
House price growth eases in February: Land RegistryUK house price growth eased to 5.5% in the year to February, meaning the average home cost £287,506, Land Registry data shows. This is a 1% fall on the 12 months to January and a 3.5% slide on the year...
FTAdviser
Mortgage rates remain stable as brokers breathe sigh of reliefMortgage rates have remained stable over the past month, with brokers reporting relief that the market has reached a protracted period of relative calmness.
FTAdviser
Brokers frustrated at advice restrictions when overseasA number of brokers have expressed their frustrations about being unable to service a client while on holiday overseas.
IFA Magazine
Do mortgage comparison sites have a role in advice? - Brokers and advisers share their viewsFree PR platform, Newspage, asked brokers what they think of mortgage comparison sites. Some believe they have a role, others believe they simply cause confusio
Investment Week
Spring Budget 23: LTA scrap ‘could see more people turn to IFAs’Chancellor Jeremy Hunt’s move today (15 March) to abolish the pensions lifetime allowance (LTA) could see more people turning to advisers, according to Continuum.
Financial Reporter
Will the latest GDP data influence next week’s rate rise decision?Brokers discussed what rate decision they believe the Bank of England will make.
Financial Reporter
NatWest increases overpayment allowance to 20%The increase will apply to customers on fixed or tracker rate products.
Mortgage Strategy
NatWest increases overpayment allowance to 20% – Mortgage StrategyNatWest has made changes to allow new and existing mortgage customers to make an overpayment of up to 20% without incurring an early repayment charge (ERC). The overpayment allowance, which has increased...
The Intermediary
Coventry Building Society set to increase ratesCoventry Building Society will be increasing its rates for owner-occupied properties as of next week.
IFA Magazine
Halifax February House Price Index - reaction from lenders, estate agents and brokersFollowing the Halifax February House Price Index announcement, brokers, estate agents and property experts have shared their thoughts with IFA Magazine via Ne
inews.co.uk
Nationwide latest lender to hike rates as brokers warn it’s the end of falling mortgage pricesProviders are upping rates or pulling cut price deals off the market altogether in response to rising swap rates and an increase in demand
IFA Magazine
Nationwide announces new rate increases from March 3After Nationwide announced that it is making rate increases across selected fixed term (two and five year) and tracker New Business and switcher products, from
Financial Times
UK house prices suffer biggest fall in more than a decade as higher interest rates bitePlease use the sharing tools found via the share button at the top or side of articles. Copying articles to share with others is a breach of FT.com T&Cs and Copyright Policy. Email licensing@ft.com to...
Mortgage Strategy
House prices fall at fastest rate since 2012: NationwideHouse prices declined 1.1% on an annual basis in February, the latest data from Nationwide reveals. Annual house price growth has now slipped into negative territory for the first time since June 2020...
Financial Reporter
When will two-year fixes break the 4% barrier? - brokers reactBrokers are split on when they think two-year fixed rates will drop below 4%.
IFA Magazine
When will 2-year fixes break 4% barrier? - reactionWith inflation coming down faster than expected last month, Bank Rate likely to be close to its peak and the possibility of rate cuts later this year to stimula
Protection Reporter
Your views: should personal finance commentators like Martin Lewis have advice permissions?A look at whether MoneySavingExpert’s Martin Lewis should have advice permissions - with views from the adviser community.
Daily Express
Mortgage boost with 5-year fixed deal under 4%HSBC gives first sub-four percent offer since last year’s mini-Budget while houses prices ″set to fall by 20 percent’.
Yahoo Finance
HSBC launches new 5-year deal as mortgage market hots upMORTGAGE brokers say the market for home loans is roaring back, with cheaper loans coming on every day. While the Bank of England is still signalling that interest rates should keep rising for the near...
Evening Standard
HSBC launches new 5-year deal as mortgage market hots upMortgage brokers say the market for home loans is roaring back, with cheaper loans coming on every day.
Financial Reporter
Fixed rate price war reaches "breakneck speed" with rates falling dailyDespite last week's base rate rise, mortgage brokers have said the price war between lenders continues to rage, with fixed rates "falling daily".
The Intermediary
House prices held steady in JanuaryHouse prices remained steady in January with a 0% change on a monthly basis, according to the latest Halifax House Price Index.