Rhys Schofield's Media Coverage
FTAdviser
Mortgage brokers share policy wishes ahead of electionMortgage brokers are hoping to see policy pledges to build houses, incentivise buyers, and promote the housing department during the election campaign.
The Intermediary
Brokers share most bizarre reasons why borrowers refuse life cover - The Intermediary - Latest UK mortgage news“The Government will pay the mortgage” & “smoking is not bad for you”, are among the strangest reasons why borrowers have refused life cover.
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.
Evening Standard
Mortgage brokers baffled as two ‘big six’ lenders up some rates while cutting othersMortgage brokers were baffled by some of the changes
FTAdviser
Brokers: Halifax reducing maximum working age is ‘outrageous’Brokers have criticised Halifax for reducing the maximum working age on some of its mortgage products.
Birmingham Live
Halifax in hot water over new mortgage rules ‘from Monday’ and ‘it’s outrageous’Britain's biggest mortgage lender is reducing the maximum age at which it will allow many borrowers to say they intend to retire from 75 to 70.
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%...
Mortgage Solutions
Not all borrowers are ‘blinkered’ by low mortgage rates – analysis - Mortgage SolutionsMortgage brokers are assuring borrowers that mortgage rates are not everything, meaning most don’t have a narrow-minded view on pricing, advisers say.
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.
The Intermediary
Company insolvencies see annual rise of 21%Approximately 2,466 companies registered for insolvency throughout November.
inews.co.uk
HSBC cuts mortgage rates on back of UK economy shrinkingThe high street lender is the latest to cut rates after ONS figures today showed the economy has contracted
FTAdviser
Brokers bolster teams as they brace for busy 2024Mortgage brokers are bracing for a busy 2024 as December sees business pick up.
The Intermediary
Brokers brace for a busy 2024Newspage asked a selection of brokers, conveyancers and specialist mortgage recruiters what they are expecting in 2024.
The Sun
Five tricks for first-time buyers to get a discount on homes as £18k shaved offHOMEBUYERS can haggle thousands of pounds worth of discounts off asking prices using a few handy negotiating tricks. Sellers are accepting reductions of £18,000 on average in order to agree a deal …
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.
Mortgage Solutions
‘Huge increase’ in demand for limited company BTL seen by brokers ‒ analysis - Mortgage SolutionsBrokers 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 - Latest UK mortgage news
House prices rise by 1.1% in October – HalifaxThe typical home now costs £281,974, up around £3,000 on the previous month.
Mortgage Solutions
Jargon busters: Mortgage industry needs ‘crackdown on gibberish’ ‒ analysis - Mortgage SolutionsBrokers hold the key to dealing with mortgage jargon, but the industry as a whole would benefit from a crackdown on meaningless terms, intermediaries have argued.
Mortgage Professional
Can you help your clients overcome the mindset of being unable to buy?“Hell will freeze over before the regulator, government or industry bodies educate people in some sort of joined up way”
Mortgage Professional
Skipton introduces lowest rate two-year fixesBorrowers need to weigh up the overall cost of the product, brokers say
FTAdviser
Skipton launches 3.35% mortgage to support borrowersSkipton Building Society has introduced a range of low rate two-year fixes aimed at helping existing borrowers with payment difficulties, in a move one broker has called “unprecedented”.
inews.co.uk
Best mortgage deal in a year at 3.35 per cent - but it comes with a catchSkipton Building Society’s new deal appears generous - but there are caveats homeowners need to watch out for
Mortgage Professional
“County Durham borrowers more likely to have protection than those in Chelsea”Protection specialists discuss the reasons behind geographical differences
The Intermediary
EXCLUSIVE: Borrowers in Consett more likely to have protection than those in ChelseaBrokers and protection specialists have shared their views on how and when protection advice should be provided, and whether it can be overlooked during busier times.
Mortgage Professional
Transitioning from broker to business ownerBrokers discuss their experiences with setting up a business
Bracknell News
UK house prices fell in August at fastest annual rate since 2009, says HalifaxDespite dropping by £14,000 over the past year, the average house price remains around £40,000 or 17 above pre-pandemic levels, the lender said.
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.
Evening Standard
UK house prices fell in August at fastest annual rate since 2009, says HalifaxDespite dropping by £14,000 over the past year, the average house price remains around £40,000 or 17% above pre-pandemic levels, the lender said.
The Independent
UK house prices fell in August at fastest annual rate since 2009, says HalifaxDespite dropping by £14,000 over the past year, the average house price remains around £40,000 or 17% above pre-pandemic levels, the lender said.
The Intermediary
Buyers ditch detached homes as rate reality bites, say property expertsIn its August House Price Index, Nationwide stated that the biggest decline in transactional terms was in detached houses.
Mortgage Professional
Is CeMAP fit for purpose?Brokers discuss the industry standard qualification for advisers
Mortgage Professional
Could Help to Buy make a return?Brokers discuss whether it would be a good option
Mortgage Solutions
Covid, Brexit and the mini Budget have yet to break brokers as confidence risesSurviving the myriad challenges of the last few years, such as Brexit, the pandemic and the cost of living crisis, may have helped boost the sense of confidence among intermediaries, brokers have suggested.
Mortgage Solutions
Brokers welcome ‘dead’ August as chance to recharge before market returnsIntermediaries have welcomed the fact that business levels in August have been low, suggesting it offers a chance to recover from the “rollercoaster” of recent months ahead of the market kicking back into...
Mortgage Solutions
Falling house prices prompt some homeowners to pick product transfersSome homeowners are taking the changes in house prices into account when refinancing to maximise their chances of getting the loan they want, brokers have said.
Financial Reporter
Mortgage brokers slam continued instances of conditional sellingThe buyer has since lodged a complaint with the estate agency.
Mortgage Professional
Renting into retirement – is it worth considering over homeownership?Brokers discuss the rising number of older renters and their impact
The Negotiator
Connells launches yet another investigation into ‘pressurised selling’Independent mortgage brokers are calling for proper penalties for those involved in conditional selling and want the Financial Conduct Authority to take action.
News and Star
Halifax, NatWest and First Direct join stream of lenders cutting mortgage ratesHSBC UK, Nationwide Building Society and TSB were also among lenders announcing mortgage rate cuts this week.
London Loves Business
It’s surprising ‘how many savers forget about inflation’ and should switch to higher interest accountsAs interest rates on savings accounts rise, financial advisers are reporting that they are getting more enquiries from clients about putting their money
Mortgage Solutions
Market chaos means attracting clients ‘has never been easier’The chaotic nature of the mortgage market at the moment presents an “open door” for brokers to build relationships with new clients, with the upheaval creating opportunities as much as challenges, advisers...
The Independent
UK sees rent rise at fastest pace since records beganThe cost of rent is expected to rise even further in the coming months
The Guardian
UK housing market forecast to avoid slump despite zero growth in pricesRents jump by record 5.1% in a month as rental market struggles to meet demand from priced-out buyers
BBC News
Rents rise at fastest rate for eight yearsCosts for tenants have jumped again but house prices grew more slowly in May, figures show.
Mortgage Solutions
Labour Party to host ‘emergency’ mortgage summit with brokers ‒ report - Mortgage SolutionsThe Labour Party will host an “emergency” mortgage summit with brokers to discuss the impact of the “mortgage crisis” on first-time buyers and homeowners and explore options.
FTAdviser
More people cancel protection policies due to economic challengesAn increasing number of people are cancelling their personal insurance amid current economic circumstances, according to Feuell4Life director and protection adviser, Sandra Feuell.
Financial Reporter
Brokers reveal biggest ‘pet peeve’ with networksBrokers shared positive and negative experiences of partnering with networks.
The Intermediary
Rising costs push Brits to consider cancelling insurance policiesAs the cost of living continues to increase and mortgage payments soar, brokers are witnessing more people consider cancelling their life insurance and other protection policies.
Mortgage Solutions
Press, government, Bank of England: who do brokers blame for mortgage crisis?The media, the government and the Bank of England have all come under fire by mortgage brokers for their role in contributing to the ongoing difficulties in the mortgage market.
The Sun
Five tricks to haggle a house price discount - and you could save up to £28kHOMEBUYERS can haggle discounts worth tens of thousands of pounds off asking prices using a few trusty negotiating tricks. Four in ten sellers knocked down the price of their home in June by more t…
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.
The Intermediary
Are we heading for a property market crash? Experts give their viewsAfter the UK saw its first annual house price decline in 11 years experts give their take on what’s next for house prices.
The Negotiator
Renters’ Reform Bill: Industry reactionNo-fault evictions will be abolished and tenants will allowed to have pets with a new landlords ombudsman appointed to provide quick resolutions to disputes.
Sky
Online estate agent Purplebricks sold for £1The company, which prided itself on a low-cost model for customers, had been suffering financially and put itself up for sale earlier this year.
The Sunday Times
The harsh reality of a 40-year mortgageFirst-time buyers are not only getting on the ladder later, but their loans will last well into retirement
CityAM
Mortgages: Are 100 per cent no deposit loans about to make a comeback?One of the UK’s largest building societies is considering launching a no deposit, or 100 per cent loan to value mortgage. Mortgages which do not need a
The Times
Mortgage lenders offer 100% loans for first time since 2008Mortgage lenders are set to start offering 100 per cent home loans again for the first time since the 2008 financial crisis.Skipton Building Society is to launc
Mortgage Solutions
New Help to Buy ‘should be more targeted and expand beyond new build’ ‒ analysis - Mortgage SolutionsA new Help to Buy scheme should include the existing housing stock and be more targeted at helping the most in-need first-time buyers, brokers have argued.
This Is Money
Home sales stall in stand-off over prices in wake of mortgage spikeIn total there were 89,560 residential property transactions in March on a seasonally adjusted basis, according to the latest data from HMRC.
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
Financial Reporter
Is it currently a buyers’ or sellers’ market? - brokers reactIndustry experts agreed that whether a buyer or a seller has the upper hand can differ by location, property type, and more.
Mortgage Strategy
Cover feature: Work in progress - WFH or back in the office?It 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...
IFA Magazine
Supplement or substitute - How do advisers view ChatGPT’s potential impact on financial services?AI technology is without doubt the future we are heading towards. However, what that future looks like is still unclear. How will AI be used? Will it repl
Property Reporter
Rise of the robots: Is AI in danger of removing too much of the ‘human touch’ from the property industry?Proptech has had a massive effect on the property industry over the past few years from property management software to the rise of virtual house viewings through lockdown and, whether you like it or not,...
The Negotiator
REACTION: Bank hikes interest rate for eleventh time in a rowWith this week’s rise in inflation combined with a move by the US Federal Reserve to go ahead with a 0.25% rise, the BoE had few choices.
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
Coventry reduces BTL stress rate – Mortgage StrategyCoventry for Intermediaries has reduced its buy-to-let (BTL) stress rate. The lender says the changes benefit those looking to purchase, remortgage, and port an existing BTL mortgage. For all customer...
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
Mortgage Solutions
Lenders treating self-employed borrowers ‘like second-class citizens’Mortgage brokers have accused lenders of treating self-employed applicants like “second class citizens”, with borrowers suffering because lenders do not take the time to understand their income.
Mortgage Professional
Gen H introduces ‘market-first’ first-time buyer bundleBundle combines mortgage and legal services under one roof
Financial Reporter
Should the mortgage industry make use of AI tools? - brokers reactMortgage brokers were split on whether the use of AI tools like ChatGPT would be a help or hindrance to the conveyancing and remortgage process.
inews.co.uk
Mortgage rates could tumble after Silicon Valley Bank collapseFalling swap rates may benefit borrowers as it could mean interest rates will start to fall sooner than had been expected
inews.co.uk
Mortgage rates could tumble after Silicon Valley Bank collapseFalling swap rates may benefit borrowers as it could mean interest rates will start to fall sooner than had been expected
Financial Reporter
Gen H launches first-time buyer ‘bundle’ combining mortgage and legal servicesThe first-time buyer bundle rates will be up to 0.35% lower than Gen H’s standard range.
Mortgage Solutions
Gen H launches mortgage and legals service with lower rates - Mortgage SolutionsGen H has launched a service for first-time buyers which combines its mortgage and legal services at reduced interest rates.
Mortgage Solutions
Swap rates fall post-US bank failure could reverse rising UK base rate and mortgage price trajectoryFollowing the collapse of Silicon Valley Bank swap rates in the UK have fallen by as much as 0.2 per cent, which could pause the rising Base Rate trajectory and stabilise mortgage pricing.
Financial Reporter
Over 50s trust Martin Lewis more than financial advisers - brokers reactBrokers said that regulation and negative perceptions of the financial services industry are holding back the advice sector.
Mortgage Solutions
Barclays buyout will make Kensington a ‘lender to be reckoned with’ – broker reactionBarclays’ acquisition of Kensington Mortgages could reinforce its existing proposition and signal the start of high street lenders diversifying into new markets.
Financial Reporter
Barclays Bank completes purchase of Kensington MortgagesThe acquisition allows Barclays to broaden its specialist mortgage offering.
IFA Magazine
Land Registry Dec HPI – “a correction is looking increasingly likely” property and mortgage experts reactFollowing the Land Registry December HPI published this morning, Newspage asked brokers and property experts for their thoughts. Sofia Jones, Managing Dire
Mortgage Solutions
Brokers bemoan Lewis influence as customers turn to TV punditsAs a new survey reveals that most UK adults take their financial advice from media experts such as Paul Lewis and Martin Lewis, brokers react to a trend that could lead to borrowers making ‘terrible financial...
IFA Magazine
Financial services brokers and advisers unite in criticism as they respond to ‘downright disgusting’ DeadHappy advertNewspage have asked financial services experts for their views on the latest DeadHappy ad featuring murderer Harold Shipman and shared them with IFA Magazine. N
IFA Magazine
Inflation dip - Comment from brokers and IFAs on what this might mean for mortgage ratesInflation has dipped for the second month in a row. Will this mean there’s less pressure on the Bank of England to raise the base rate? Mortgage brokers and IFAs were asked what impact the inflation dip might...
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
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.
The Intermediary
Outstanding value of mortgage loans 4.1% higher than Q3 last year – BoEThe value of gross mortgage advances in Q3 was £85.9 billion, £8.0 billion greater than the previous quarter.
IFA Magazine
Bank of England Q3 mortgage report – the calm before the Q4 storm: brokers reactToday’s Bank of England Q3 mortgage report which was published earlier this morning, has provoked a lot of responses from brokers on the PR Platform, Newspage
Mortgage Strategy
Third quarter new mortgage value highest since 2007: BoEThe value of new mortgage commitments made during Q3 2022 was £87.8bn, shows new Bank of England (BoE) data – a 4.5% jump on the previous quarter and the highest value seen since Q3 2007. At the same time,...
Protection Reporter
8% of adults cancelling insurance products during cost-of-living crisis8% have cancelled a financial product such as a pension or dental/life insurance.
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
Financial Reporter
More people turning to equity release as cost of living bites - brokers reactBrokers have warned that people need to be aware of the ramifications and risks of taking out equity release during the cost of living crisis.
Mortgage Professional
Is a potential saving on free legals really worth it?Brokers need to be talking about this, says founder of Derbyshire-based brokerage
Mortgage Solutions
High LTV deals could drop amid expected house price falls – broker reaction - Mortgage SolutionsMore lenders may follow Virgin Money’s decision to temporarily remove high loan to value (LTV) (95 per cent loan) mortgages resulting in a lack of options for those with smaller deposits, brokers are speculating.
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 fall in reprieve for UK homeowners - and interest may drop furtherThe average two- and five-year fixed mortgage rates have both dropped since the 75 basis point rise in the Bank of England base rate, and there could be further falls
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.
The Intermediary
Majority of brokers predict a house price fall of 10% or less - PollA poll of mortgage brokers and estate agents from Newspage found that 58% expect house prices to fall by up to 10%.
inews.co.uk
First-time buyers must quadruple deposit to £106k to buy average £247k home with current ratesExperts warn it is the ‘worst time ever’ to be entering the market from scratch
The Intermediary
Brokers hit back at Martin Lewis’s latest “irresponsible” mortgage advice“Get that fella off the TV and let’s see his CeMap papers. Since when has sound financial advice been given on speculation” said one broker.
The Intermediary
House price crash potential sells papers but unlikelyHousing supply and demand issues mean a potential house price crash is ‘pie in the sky stuff’, according to Rhys Schofield, managing director at Derbyshire-based mortgage advisors Peak Money.
Mortgage Solutions
Brokers reaching out to rate-shocked remortgagors - Mortgage SolutionsMortgage brokers are helping remortgagors to deal with rate shocks as thousands of clients coming off fixed rates.
Sky
Pound live news: Lenders withdraw mortgage products amid 6% interest rate forecastLatest in our cost of living blog as mortgage lenders withdraw their products; the pound rallies slightly after historic lows on Monday; the Bank of England appears likely to raise interest rates 0.75-1%,...
Londonlovesbusiness
Pound crash: Emergency rate hikes and UK company becoming takeover targetsThe news that the Pound has hit a record low this morning against the greenback, and is moving every closer to parity, has sent shockwaves in the City, Markets and beyond. Here’s…
The Times
£7k: the pay rise you need to cover your mortgageHomeowners who stretched their borrowing to get on the ladder or buy bigger properties may need to earn more than £7,400 extra a year to meet higher mortgage
The Sun
Will there be a house price crash?HOUSE prices remain high despite the Covid pandemic and cost of living crisis, with the average property price standing at £292,118. There are a number of factors driving that growth, including a s…
Property Industry Eye
Housebuilding surges but insufficient housing supply continues to drive up house pricesBreaking property news for the residential property industry. Independent, unbiased, and factual reporting. A forum for discussion and debate of topics of the day. Subscribe for our property newsletter.
Mortgage Solutions
Broker guilt: Thick skin, tolerance and talking are key when mortgages go wrongA mortgage transaction is always unpredictable. How do professionals cope with ‘broker guilt’ when deals break down?
Mortgage Professional
New build starts and completions rise in Q2Still, these latest numbers all “fall well short” of government targets
Mortgage Solutions
Housing starts rise 15 per cent year on year in England – government - Mortgage SolutionsThe Department for Levelling Up, Housing & Communities also said housing starts increased by 21 per cent in Q2 when compared to the previous quarter.
Mortgage Strategy
Govt figures show 21% rise in number of new homes being built | Mortgage StrategyThe number of dwellings where building work started on site was 51,730 between 1 April and 30 June this year, according to the latest figures from the Department for Levelling Up, Housing & Communities....
Mortgage Strategy
Questions raised over Scottish rent freeze legislation | Mortgage StrategyScottish First Minister Nicola Sturgeon has announced a rent freeze, designed to help tenants stay on top of their finances, amid spiralling energy bills and rising prices. The SNP, part of a coalition...
FTAdviser.com
Energy bill support package not long-term thinking, advisers sayThe package of measures announced by prime minister to support UK households with their energy bills this winter is a short term policy which will result in long term pain IFAs have said
IFA Magazine
Great Landlord Sell-off: Brokers see “enormous uptick in enquires from tenants who have been given first refusal to buy the...Brokers have reported “an enormous uptick in enquires from tenants who have been given first refusal to buy the property they’re renting”. They say increas
Mortgage Strategy
Landlords looking to offload properties onto tenants, say brokers | Mortgage StrategyBrokers report they have seen a growing number of tenants say they have been given first refusal to buy the property they are renting over the last two months. It is believed this is due to a combination...
Financial Reporter
Brokers express concern over new build developer pressure tacticsA number of brokers have expressed concern about new build property developers putting pressure on prospective buyers.
IFA Magazine
“Unethical” new build developers increasingly putting pressure on buyers “should be named and shamed” say brokersBrokers have expressed their concern about new build property developers increasingly putting pressure on prospective buyers to exchange contracts within a 28-
IFA Magazine
Nationwide House Price Index: “Obscene rise in energy bills is something that needs to be proactively addressed by lenders”...Following the Nationwide August House Price Index published this morning industry experts have reacted. Ross Boyd, founder of the always-on mortgage comparison
IFA Magazine
Bank of England mortgage approvals: “increased use of plastic shows unbelievable pressure people are under” - industry reactionFollowing the Bank of England Money And Credit report (July) published this morning, property and mortgage experts have reacted. Andrew Montlake, managing dir
FTAdviser.com
Energy prices ‘will force many to sell up and downsize’Many homeowners could be forced to sell their home and downsize in the face of rising energy bills and interest rates which keep on climbing
Mortgage Solutions
The market reacts as Ofgem confirms energy bills will rise 80 per cent to £3,549 in October - Mortgage SolutionsMillions of households are facing fuel poverty this winter after Ofgem confirmed the energy price cap will rise 80% to £3,549 on 1 October 2022.
Financial Reporter
How will the new energy price cap affect the mortgage market?Ofgem has today confirmed that household energy bills will rise by around 80% from October when the new price cap comes into effect.
Daily Mail
Ofgem raises energy price cap to eye-watering £3,549The new cap announced by Ofgem today will come into effect for around 24million households in England, Scotland and Wales on default energy tariffs on October 1.
East Midlands
East Midlands businesses react to ‘catastrophic’ energy price cap hike | TheBusinessDesk.comNews is ‘another dagger in the heart’ for small business owners
Mortgage Strategy
Brokers bemoan energy price cap raise | Mortgage StrategyConfirmation from Ofgem that the energy cap will be raised from £1,971 to £3,549 a year from October has been met with dismay by many in the mortgage industry. Outside of immediate concerns for staying...
IFA Magazine
UK HPI June 2022 - “we could see a 5%-10% fall in house prices over the course of the next year” - reaction from property...Following the UK House Price Index (June 2022), property experts have reacted. Ryan Joyce, director of Nottingham-based independent mortgage broker, Key Mortg
This Is Money
Fixed rate mortgages are up 166% since the start of the yearAverage two year fixed mortgage rates are now two percentage points higher than at the start of the year, increasing typical monthly payments by an average of £159.
Daily Mail
Fixed rate mortgages are up 166% since the start of the yearAverage two year fixed mortgage rates are now two percentage points higher than at the start of the year, increasing typical monthly payments by an average of £159.
Property Industry Eye
Industry leaders slam ‘shambolic’, ‘farcical’ and ‘archaic’ conveyancing system - Property Industry EyeBreaking property news for the residential property industry. Independent, unbiased, and factual reporting. A forum for discussion and debate of topics of the day. Subscribe for our property newsletter.
IFA Magazine
Inflation hits 9.4% presenting challenges for borrowers and “a catastrophe for savers” – reaction from IFAs, brokers and...Following this morning’s inflation data, IFAs, brokers, and money coaches have reacted to its impact on savers and borrowers. Nick Lincoln, director at Watfo
inews.co.uk
House prices jumped by more in a year than the average UK worker earns annuallyThe rise in prices surpassed the level of the average annual UK salary based on the latest data, although some commentators expect interest rate rises to start to cool pace of growth.
Mortgage Solutions
Self-employed treated with ‘more caution’ by lenders, brokers say - Mortgage SolutionsSelf-employed borrowers are treated as higher risk by mortgage lenders but there is little justification, according to mortgage brokers.
Metro.co.uk
Bad news for buyers as mortgage lenders up their ratesMortgage rates are on the rise - and fast.
IFA Magazine
ONS GDP data (May) - reaction from Govt high street and financial services expertsThis morning the latest monthly ONS economy stats were released, highlighting a Gross domestic product (GDP) growth of 0.5% in May 2022, after a decline of 0.2%
Mortgage Solutions
Intergenerational mortgages would push up house prices and fail to tackle supply issues, brokers sayChildren could inherit their parents’ mortgage if ideas being explored by the government become reality, but the scheme could simply push house prices higher, brokers say.
IFA Magazine
“Conveyancing is completely broken” - property and mortgage experts give their views on conveyancing marketFollowing reports of record times in property conveyancing, we asked 12 property and mortgage industry experts for their views on the current conveyancing syste
Express.co.uk
Record four month wait to buy a house as market is paralysed by ‘broken’ systemBRITAIN’S housing market has been paralysed by a ‘broken’ system that is leading to record delays for both buyers and sellers.
IFA Magazine
BoE mortgage approvals - “People who have been procrastinating are very proactive” - reaction from brokersFollowing today’s Bank of England Money & Credit report (May) issued this morning, mortgage brokers comment on the data and reveal that they’re still fi
Mortgage Solutions
Borrowers rush to pay exit fees and lock into new mortgages as interest rates climbThe number of borrowers paying Early Repayment Charges (ERC) has soared following fears of rising interest rates.
Mortgage Solutions
Newcastle adds interest-only option to 10-year fixed rangeNewcastle Intermediaries has added to its 10-year fixed product range with an interest-only deal.
Financial Reporter
Boris confirms new mortgage affordability and Right to Buy plans: Industry reactsPrime minister Boris Johnson has today confirmed plans which will allow homebuyers on lower wages to use housing benefit - currently amounting to £30 million per year - towards their mortgage.
Mortgage Solutions
Supply of rental properties halves in three years as landlords sell-up – PropertymarkThe number of properties available to rent through letting agents in the month of March halved between 2019 and 2022.
inews.co.uk
Think carefully before shelling out a mortgage booking fee to fix your mortgage, warn expertsAs interest rates continue to rise thousands of borrowers will be looking to fix their mortgage, but is this a good idea?
inews.co.uk
As inflation soars, these tips will help ensure your finances survive the cost-of-living crunchThere are ways consumers can cut costs - and even make money - as many find their budgets squeezed
Mortgage Solutions
Help to Buy completions drop 41 per cent on pre-pandemic levelsThe number of property sales completed through the Help to Buy scheme totalled 8,913 in Q4 2021, a 41 per cent decline on the same period in 2019.
The Sun
Will there be a house price crash?THEY say that what goes up, must come down – but is it true when it comes to house prices? Property prices have soared in recent years, but there are fears that the property market is due a d…
Mortgage Solutions
Brokers ‘frantic’ after BoE rate rise as borrowers worry over mortgage costsBrokers have been inundated with enquiries from panicking borrowers trying to lock in to the best deals after the Bank of England (BoE) raised interest rates.
The Sunday Times
Flipping property: can you still make a profit?Making a swift return from renovations is harder than ever due to rate rises and shortages
Mortgage Solutions
Misleading financial ads more common as product shelf-life shrinks, brokers warnBrokers have said that they are seeing an increasing number of adverts for products and rates that are no longer on the market, often on social media sites like Facebook and Instagram.
inews.co.uk
First Direct launches 5% deposit mortgage to help first time buyersFirst Direct claimed the mortgage offered the best fixed-rates available for 5 per cent deposit holders. The mortgages available can be held up to a maximum 40-year term.
FTAdviser.com
UK housing market is ‘kaput’, brokers claimBritain s housing market is broken and the property bull market could soon turn into a bear mortgage advisers have warned
IFA Magazine
Residential planning applications down 7% on the yearFollowing on from this morning’s planning applications data for England published by the Department for Levelling Up, Housing & Communities, mortgage exper
Mortgage Solutions
Number of homes built fall in Q4 2021The number of new homes built fell by three per cent year-on-year between October and December 2021.
The Negotiator
’Conditional selling is a cancer in estate agency that must be addressedSeveral leading mortgage brokers have broken ranks to call out agents who employ conditional selling techniques, naming several brands.
Property Industry Eye
Agents accused of ‘breaking the law’ with ‘conditional selling’ tactics“There is a filthy cancer in the estate agency world, which needs to be addressed,” claims mortgage broker, with agents at Connells accused of bad practice.
This Is Money
Do I have to use an estate agents’ mortgage broker to make an offer?In-house advice can cost up to £700 in some cases, but mortgage advisers suggest buyers are scared to turn it down in case it affects their purchase.
Daily Mail
Do I have to use an estate agents’ mortgage broker to make an offer?In-house advice can cost up to £700 in some cases, but mortgage advisers suggest buyers are scared to turn it down in case it affects their purchase.
This Is Money
Government 5% mortgage scheme has helped few first-time buyersThe scheme was used by 6,535 households between its launch on 19 April 2021 and 30 September, around 4% of the total first-time buyers in the market.
Daily Mail
Government 5% mortgage scheme has helped few first-time buyersThe scheme was used by 6,535 households between its launch on 19 April 2021 and 30 September, around 4% of the total first-time buyers in the market.
Mortgage Solutions
Soaring cost of living is remortgage opportunity, brokers sayRising living costs present a key remortgage opportunity as borrowers are likely to find it tougher to get a loan in the coming months, brokers have told Mortgage Solutions.
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BoE hikes interest rate to 0.5% — industry reactsThe Bank of England’s Monetary Policy Committee (MPC) has voted by a majority of five-four to increase bank rate by 0.25 percentage points to 0.5% to meet its 2% inflation target.
Daily Mail
What will the interest rate rise cost you on your mortgage?For anyone who has just bought a home for the UK average of £276,000 and has an 80 per cent loan on a tracker rate, the 0.25 percentage point rate rise means extra repayments of £552 a year.
Financial Times
UK house prices show strongest start to year since 2005Property price index rises by annual rate of 11.2% in January surpassing economists’ expectations
Mortgage Finance Gazette
Land Registry records 10% house price rise in NovemberGovernment data shows the average UK house price increasing by 10% on an annual basis in November. On a monthly basis, prices went up by 1.2%. This saw the
Mortgage Strategy
House prices rose 10% in November: HM Land RegistryGovernment data shows the average UK house price increasing by 10% on an annual basis in November. On a monthly basis, prices went up by 1.2%. This saw the average house price in the UK hit £270,708. In...
Mortgage Strategy
Average house price tops £250,000 ahead of possible rate riseAnnual house price growth of 9.9% in October saw the average UK property price clear the quarter-million-pound watermark for the first time, shows Nationwide data. At £250,311, this means the average price...
Startups.co.uk
What do small businesses want from the budget? - Startups.co.ukThe government will announce its first budget since pandemic restrictions lifted. We ask SMEs what they want from the spending review.
This Is Money
Interest rate rises: Will a 15-year mortgage fix protect homeowners?Most homeowners fix their mortgage for two or five years - but deals are available with rates fixed for 10,15 or even 40, but can be expensive to exit.
Daily Mail
Interest rate rises: Will a 15-year mortgage fix protect homeowners?Most homeowners fix their mortgage for two or five years - but deals are available with rates fixed for 10,15 or even 40, but can be expensive to exit.
Financial Reporter
Halifax boosts maximum LTI to 5.5 times salaryFrom tomorrow, Halifax will be changing some of the loan to income limits applied to its affordability calculations.
Daily Mail
Boris claims supply chain chaos part of ending ‘low wage’ cultureIn a flurry of interviews at Tory conference, the PM denied that the country is in ‘crisis’, comparing the disruption to a ‘giant waking up’ and ‘creaking’ after the pandemic.
Proactiveinvestors UK
FTSE 100 upbeat with Next at a new high, but Royal Mail hit by downgradeThe UK blue chip index moves higher despite continuing concerns over inflation, energy and supply chain issues
Mortgage Strategy
Bank of England keeps base rate at 0.10%The Monetary Policy Committee (MPC) at the Bank of England has again voted unanimously to keep the bank rate at 0.10%. The committee also voted 7-2 for the continuation of the buying of corporate bonds,...
Express.co.uk
Boris Johnson savaged by business leaders over NI hike ‘Kick in the teeth!’BORIS Johnson has been accused of delivering a “kick in the teeth” to thousands of struggling businesses after he announced a £12 billion-a-year National Insurance hike to fund health and social care.
Daily Mail
Small business bosses blast Boris over £12bn tax raidSmall business owners pointed out that they would be ‘effectively hit in the pocket twice with contributions both as an employer and employee’ following Boris Johnson’s announcement today.
Financial Times
UK property sales slide after end of stamp duty holidayThe number of UK houses and flats sold plunged last month after buyers completed their purchases early to take advantage of the stamp duty holiday, official data showed.
This Is Money
HSBC offers its cheapest mortgage ever: Can YOU save by switching?Mortgage rates have continued their downward slide, with multiple deals now available with less than 0.90 per cent interest - but borrowers should watch out for hefty fees.
Daily Mail
HSBC offers its cheapest mortgage ever: Can YOU save by switching?Mortgage rates have continued their downward slide, with multiple deals now available with less than 0.90 per cent interest - but borrowers should watch out for hefty fees.
Money Expert
Halifax Shatters Records With 0.83% MortgageOlympic athletes toppled world record after world record last week in Tokyo, and back home in the UK, mortgage rates were setting their own records. Just a...
FTAdviser.com
Tumbling mortgage rates signal lenders’ ‘low risk’ strategiesLow rate mortgages have seen another product join their ranks as Halifax introduced the UK s lowest two year fixed rate at 0 83 per cent for large deposit holders
The Guardian
Halifax launches mortgage at 0.83% amid flurry of rate cuttingLender to offer ultra-low rate on two-year fixed deal on loans worth up to 60% of home value
Evening Standard
Where first-time buyers should search for a London home post pandemicAs London reopens, young buyers are snapping up flats offering great design and lifestyle perks that will get our New Homes Awards judges thinking.
The Telegraph
Banks gear up for mortgage price war as house prices coolLenders slash home loan rates to record lows, while property prices dip for first time in five months after stamp duty holiday ends
Londonlovesproperty.com
Bank of England May mortgage approvals driven by “enforced asceticism”Net mortgage borrowing rebounded to £6.6 billion in May from £3.0 billion in April, but remained below the record £11.4 billion in March. Mortgage approvals for house purchase were 87,500…
The Guardian
Homebuyers rush to complete before stamp duty holiday deadlineBuyers who miss 30 June cutoff may have to pull out of purchases, putting chains of sales at risk
Daily Telegraph
UK house prices spike 11pc amid looming tax riseSurging value will continue even when stamp duty increases, experts say as properties jump at fastest pace for seven years
The Telegraph
Pound climbs to three-year high as miners push FTSE up 1pc - live updatesThe FTSE 100 was up more than 1pc today, buoyed by reports three quarters of Britons would be vaccinated by next month and lifted by mining stocks which were tracking the rising prices of copper and other...
Express.co.uk
House prices surged in May to highest level in seven years - ‘record melting’HOUSE prices have continued to surge in Great Britain with properties costing an average of £242,832. May 2021 saw a “further acceleration” in annual house price growth after hitting its highest level...
The Telegraph
House prices surge at fastest rate since 2007Average house worth £256,000 at the end of March – 10pc higher than in 2020
inews.co.uk
Remortgaging without a perfect credit score? Top tips to maximising your chances of getting approvedMortgage brokers say the best remortgage rates are reserved for those with the best credit ratings, so what can you do with a poor score?
The Telegraph
House prices surge at fastest pace in 17 yearsThe average cost of a home in Britain has hit a record high of £238,831
Yahoo Finance
Battle is on for cheap mortgage deals as property gets another boostGovernment-backed plan to boost home ownership with just 5 per cent deposit launches
Daily Mail
Could your mortgage holiday stop you getting a loan in future?Some borrowers took mortgage holidays as a ‘nice to have’ - but now they face extra questions and increased scrutiny from lenders when applying for a new loan.
The Independent
Battle for cheapest mortgage deals is on as property gets another boostGovernment-backed plan to boost home ownership with just 5 per cent deposit launches
The Armchair Trader
What is driving booming UK house prices?UK house prices have been astounding investors and analysts - what are the main drivers at work and will they continue?
MoneyWeek
House prices: from boom to even bigger boom | MoneyWeekUK house prices have risen to new to record highs, says Nicole Garcia Merida. Demand continues to outpace supply, but continued low interest rates, the return of 95% mortgages and the stamp-duty holiday...
The Telegraph
House prices hit record high after stamp duty holiday extensionPrices have risen by 6.5pc in the last year, as economists suggest growth rates could climb into double digits
Mortgage Introducer
Industry reacts to Halifax House Price Index | Mortgage IntroducerHalifax found that house prices had increased by 1.1% between February and March 2021 and are now 6.5% higher than in March 2020.
Derbyshire Times
Rock on: Derbyshire mortgage broker secures own heavy metal theme tuneA Derbyshire mortgage broker believes it is the first in the UK to have its own heavy metal theme tune.