Rhys Schofield's Media Coverage

FTAdviser

Mortgage brokers share policy wishes ahead of election

Mortgage brokers are hoping to see policy pledges to build houses, incentivise buyers, and promote the housing department during the election campaign.

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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.

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The Intermediary

Lenders are increasingly adapting their lending policies to suit construction subcontractors

The mortgage options for construction sub-contractors have increased by a third over the past year, mortgage brokers specialising in this field have said.

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Evening Standard

Mortgage brokers baffled as two ‘big six’ lenders up some rates while cutting others

Mortgage brokers were baffled by some of the changes

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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.

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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.

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The Intermediary

Halifax introduces rate increases for selected remortgage products

Across 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%...

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Mortgage Solutions

Not all borrowers are ‘blinkered’ by low mortgage rates – analysis - Mortgage Solutions

Mortgage brokers are assuring borrowers that mortgage rates are not everything, meaning most don’t have a narrow-minded view on pricing, advisers say.

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FTAdviser

Mortgage rates could reach ‘sub 3%’ by year end, say brokers

The mortgage market may see “sub 3 per cent rates” by the end of the year, according to some brokers. 

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The Intermediary

Company insolvencies see annual rise of 21%

Approximately 2,466 companies registered for insolvency throughout November.

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inews.co.uk

HSBC cuts mortgage rates on back of UK economy shrinking

The high street lender is the latest to cut rates after ONS figures today showed the economy has contracted

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FTAdviser

Brokers bolster teams as they brace for busy 2024

Mortgage brokers are bracing for a busy 2024 as December sees business pick up. 

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The Intermediary

Brokers brace for a busy 2024

Newspage asked a selection of brokers, conveyancers and specialist mortgage recruiters what they are expecting in 2024.

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The Sun

Five tricks for first-time buyers to get a discount on homes as £18k shaved off

HOMEBUYERS 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 …

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Mortgage Solutions

Revealed: Brokers’ favourite (and not-so-favourite) lender portals and the features they love

Brokers have urged lenders to focus on simple features when designing broker portals, without introducing adding complications like the need to download an app.

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Mortgage Solutions

‘Huge increase’ in demand for limited company BTL seen by brokers ‒ analysis - Mortgage Solutions

Brokers 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...

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The Intermediary - Latest UK mortgage news

House prices rise by 1.1% in October – Halifax

The typical home now costs £281,974, up around £3,000 on the previous month.

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Mortgage Solutions

Jargon busters: Mortgage industry needs ‘crackdown on gibberish’ ‒ analysis - Mortgage Solutions

Brokers 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.

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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”

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Mortgage Professional

Skipton introduces lowest rate two-year fixes

Borrowers need to weigh up the overall cost of the product, brokers say

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FTAdviser

Skipton launches 3.35% mortgage to support borrowers

Skipton 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”.

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inews.co.uk

Best mortgage deal in a year at 3.35 per cent - but it comes with a catch

Skipton Building Society’s new deal appears generous - but there are caveats homeowners need to watch out for

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Mortgage Professional

“County Durham borrowers more likely to have protection than those in Chelsea”

Protection specialists discuss the reasons behind geographical differences

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The Intermediary

EXCLUSIVE: Borrowers in Consett more likely to have protection than those in Chelsea

Brokers 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.

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Mortgage Professional

Transitioning from broker to business owner

Brokers discuss their experiences with setting up a business

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Bracknell News

UK house prices fell in August at fastest annual rate since 2009, says Halifax

Despite 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.

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The Intermediary

Gazundering a growing threat to property chains, experts warn

Speaking with Newspage, property and mortgage professionals have noted a steep rise in gazundering as of late.

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Evening Standard

UK house prices fell in August at fastest annual rate since 2009, says Halifax

Despite 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.

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The Independent

UK house prices fell in August at fastest annual rate since 2009, says Halifax

Despite 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.

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The Intermediary

Buyers ditch detached homes as rate reality bites, say property experts

In its August House Price Index, Nationwide stated that the biggest decline in transactional terms was in detached houses.

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Mortgage Professional

Is CeMAP fit for purpose?

Brokers discuss the industry standard qualification for advisers

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Mortgage Professional

Could Help to Buy make a return?

Brokers discuss whether it would be a good option

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Mortgage Solutions

Covid, Brexit and the mini Budget have yet to break brokers as confidence rises

Surviving 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.

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Mortgage Solutions

Brokers welcome ‘dead’ August as chance to recharge before market returns

Intermediaries 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...

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Mortgage Professional

Procuration fees – are they too low?

Brokers give their views

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Mortgage Solutions

Falling house prices prompt some homeowners to pick product transfers

Some 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.

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Financial Reporter

Mortgage brokers slam continued instances of conditional selling

The buyer has since lodged a complaint with the estate agency.

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Mortgage Professional

Renting into retirement – is it worth considering over homeownership?

Brokers discuss the rising number of older renters and their impact

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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.

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News and Star

Halifax, NatWest and First Direct join stream of lenders cutting mortgage rates

HSBC UK, Nationwide Building Society and TSB were also among lenders announcing mortgage rate cuts this week.

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London Loves Business

It’s surprising ‘how many savers forget about inflation’ and should switch to higher interest accounts

As interest rates on savings accounts rise, financial advisers are reporting that they are getting more enquiries from clients about putting their money

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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...

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The Independent

UK sees rent rise at fastest pace since records began

The cost of rent is expected to rise even further in the coming months

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The Guardian

UK housing market forecast to avoid slump despite zero growth in prices

Rents jump by record 5.1% in a month as rental market struggles to meet demand from priced-out buyers

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BBC News

Rents rise at fastest rate for eight years

Costs for tenants have jumped again but house prices grew more slowly in May, figures show.

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Mortgage Solutions

Labour Party to host ‘emergency’ mortgage summit with brokers ‒ report - Mortgage Solutions

The 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.

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FTAdviser

More people cancel protection policies due to economic challenges

An increasing number of people are cancelling their personal insurance amid current economic circumstances, according to Feuell4Life director and protection adviser, Sandra Feuell.

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Financial Reporter

Brokers reveal biggest ‘pet peeve’ with networks

Brokers shared positive and negative experiences of partnering with networks.

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The Intermediary

Rising costs push Brits to consider cancelling insurance policies

As 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.

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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.

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The Sun

Five tricks to haggle a house price discount - and you could save up to £28k

HOMEBUYERS 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…

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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.

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Introducer Today

Will There Be A Housing Crash?

Will There Be A Housing Crash?

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The Intermediary

Are we heading for a property market crash? Experts give their views

After the UK saw its first annual house price decline in 11 years experts give their take on what’s next for house prices.

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The Negotiator

Renters’ Reform Bill: Industry reaction

No-fault evictions will be abolished and tenants will allowed to have pets with a new landlords ombudsman appointed to provide quick resolutions to disputes.

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Sky

Online estate agent Purplebricks sold for £1

The company, which prided itself on a low-cost model for customers, had been suffering financially and put itself up for sale earlier this year.

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The Sunday Times

The harsh reality of a 40-year mortgage

First-time buyers are not only getting on the ladder later, but their loans will last well into retirement

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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

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The Times

Mortgage lenders offer 100% loans for first time since 2008

Mortgage 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

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Mortgage Solutions

New Help to Buy ‘should be more targeted and expand beyond new build’ ‒ analysis - Mortgage Solutions

A 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.

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This Is Money

Home sales stall in stand-off over prices in wake of mortgage spike

In total there were 89,560 residential property transactions in March on a seasonally adjusted basis, according to the latest data from HMRC.

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Mortgage Solutions

Return of the 100 per cent LTV mortgage a blessing, not a curse, for FTBs

Demand for 100 per cent mortgages could be very high among first-time buyers but there are concerns around credit quality and negative equity

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Financial Reporter

Is it currently a buyers’ or sellers’ market? - brokers react

Industry experts agreed that whether a buyer or a seller has the upper hand can differ by location, property type, and more.

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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...

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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

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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,...

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The Negotiator

REACTION: Bank hikes interest rate for eleventh time in a row

With 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.

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The Times

The sales tactic some estate agents use to pressure buyers

Imagine 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...

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Mortgage Strategy

Coventry reduces BTL stress rate – Mortgage Strategy

Coventry 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...

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IFA Magazine

Do mortgage comparison sites have a role in advice? - Brokers and advisers share their views

Free PR platform, Newspage, asked brokers what they think of mortgage comparison sites. Some believe they have a role, others believe they simply cause confusio

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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.

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Mortgage Professional

Gen H introduces ‘market-first’ first-time buyer bundle

Bundle combines mortgage and legal services under one roof

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Financial Reporter

Should the mortgage industry make use of AI tools? - brokers react

Mortgage brokers were split on whether the use of AI tools like ChatGPT would be a help or hindrance to the conveyancing and remortgage process.

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inews.co.uk

Mortgage rates could tumble after Silicon Valley Bank collapse

Falling swap rates may benefit borrowers as it could mean interest rates will start to fall sooner than had been expected

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inews.co.uk

Mortgage rates could tumble after Silicon Valley Bank collapse

Falling swap rates may benefit borrowers as it could mean interest rates will start to fall sooner than had been expected

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Financial Reporter

Gen H launches first-time buyer ‘bundle’ combining mortgage and legal services

The first-time buyer bundle rates will be up to 0.35% lower than Gen H’s standard range.

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Mortgage Solutions

Gen H launches mortgage and legals service with lower rates - Mortgage Solutions

Gen H has launched a service for first-time buyers which combines its mortgage and legal services at reduced interest rates.

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Mortgage Solutions

Swap rates fall post-US bank failure could reverse rising UK base rate and mortgage price trajectory

Following 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.

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Financial Reporter

Over 50s trust Martin Lewis more than financial advisers - brokers react

Brokers said that regulation and negative perceptions of the financial services industry are holding back the advice sector.

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Mortgage Solutions

Barclays buyout will make Kensington a ‘lender to be reckoned with’ – broker reaction

Barclays’ acquisition of Kensington Mortgages could reinforce its existing proposition and signal the start of high street lenders diversifying into new markets.

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Financial Reporter

Barclays Bank completes purchase of Kensington Mortgages

The acquisition allows Barclays to broaden its specialist mortgage offering.

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IFA Magazine

Land Registry Dec HPI – “a correction is looking increasingly likely” property and mortgage experts react

Following the Land Registry December HPI published this morning, Newspage asked brokers and property experts for their thoughts. Sofia Jones, Managing Dire

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Mortgage Solutions

Brokers bemoan Lewis influence as customers turn to TV pundits

As 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...

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IFA Magazine

Financial services brokers and advisers unite in criticism as they respond to ‘downright disgusting’ DeadHappy advert

Newspage have asked financial services experts for their views on the latest DeadHappy ad featuring murderer Harold Shipman and shared them with IFA Magazine. N

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IFA Magazine

Inflation dip - Comment from brokers and IFAs on what this might mean for mortgage rates

Inflation 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...

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IFA Magazine

​Brokers respond to comments made by Money Box presenter Paul Lewis

Scott Taylor-Barr, Financial Adviser at Carl Summers Financial Services: “I’m a self-employed mortgage adviser, with over 25 years’ financial service

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Financial Reporter

Brokers urge lenders to rethink self-employed risk

Brokers have called for a rethink around risk by lenders when it comes to the employed versus the self-employed.

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The Intermediary

Outstanding value of mortgage loans 4.1% higher than Q3 last year – BoE

The value of gross mortgage advances in Q3 was £85.9 billion, £8.0 billion greater than the previous quarter.

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IFA Magazine

Bank of England Q3 mortgage report – the calm before the Q4 storm: brokers react

Today’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

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Mortgage Strategy

Third quarter new mortgage value highest since 2007: BoE

The 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,...

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Protection Reporter

8% of adults cancelling insurance products during cost-of-living crisis

8% have cancelled a financial product such as a pension or dental/life insurance.

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IFA Magazine

Brokers reveal which types of borrower will struggle to get mortgages in 2023

As 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

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Financial Reporter

More people turning to equity release as cost of living bites - brokers react

Brokers have warned that people need to be aware of the ramifications and risks of taking out equity release during the cost of living crisis.

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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

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Mortgage Solutions

High LTV deals could drop amid expected house price falls – broker reaction - Mortgage Solutions

More 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.

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Mortgage Solutions

Brokers urge Hunt to ‘stay away’ from mortgage market ahead of Autumn Statement

Brokers want to see no “nasty surprises” in tomorrow’s Autumn Statement that could cause further turmoil in the mortgage market.

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inews.co.uk

Mortgage rates fall in reprieve for UK homeowners - and interest may drop further

The 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

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Financial Reporter

Brokers warn of rise in conditional selling as transaction levels drop

One broker says he has lost two clients over the past month alone due to conditional selling.

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The Intermediary

Majority of brokers predict a house price fall of 10% or less - Poll

A poll of mortgage brokers and estate agents from Newspage found that 58% expect house prices to fall by up to 10%.

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inews.co.uk

First-time buyers must quadruple deposit to £106k to buy average £247k home with current rates

Experts warn it is the ‘worst time ever’ to be entering the market from scratch

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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.

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The Intermediary

House price crash potential sells papers but unlikely

Housing 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.

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Mortgage Solutions

Brokers reaching out to rate-shocked remortgagors - Mortgage Solutions

Mortgage brokers are helping remortgagors to deal with rate shocks as thousands of clients coming off fixed rates.

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Sky

Pound live news: Lenders withdraw mortgage products amid 6% interest rate forecast

Latest 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%,...

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Londonlovesbusiness

Pound crash: Emergency rate hikes and UK company becoming takeover targets

The 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…

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The Times

£7k: the pay rise you need to cover your mortgage

Homeowners 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

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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…

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Property Industry Eye

Housebuilding surges but insufficient housing supply continues to drive up house prices

Breaking 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.

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Mortgage Solutions

Broker guilt: Thick skin, tolerance and talking are key when mortgages go wrong

A mortgage transaction is always unpredictable. How do professionals cope with ‘broker guilt’ when deals break down?

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Mortgage Professional

New build starts and completions rise in Q2

Still, these latest numbers all “fall well short” of government targets

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Mortgage Solutions

Housing starts rise 15 per cent year on year in England – government - Mortgage Solutions

The Department for Levelling Up, Housing & Communities also said housing starts increased by 21 per cent in Q2 when compared to the previous quarter.

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Mortgage Strategy

Govt figures show 21% rise in number of new homes being built | Mortgage Strategy

The 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....

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Mortgage Strategy

Questions raised over Scottish rent freeze legislation | Mortgage Strategy

Scottish 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...

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FTAdviser.com

Energy bill support package not long-term thinking, advisers say

The 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

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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

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Mortgage Strategy

Landlords looking to offload properties onto tenants, say brokers | Mortgage Strategy

Brokers 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...

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Financial Reporter

Brokers express concern over new build developer pressure tactics

A number of brokers have expressed concern about new build property developers putting pressure on prospective buyers.

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IFA Magazine

“Unethical” new build developers increasingly putting pressure on buyers “should be named and shamed” say brokers

Brokers have expressed their concern about new build property developers increasingly putting pressure on prospective buyers to exchange contracts within a 28-

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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

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IFA Magazine

Bank of England mortgage approvals: “increased use of plastic shows unbelievable pressure people are under” - industry reaction

Following the Bank of England Money And Credit report (July) published this morning, property and mortgage experts have reacted. Andrew Montlake, managing dir

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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

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Mortgage Solutions

The market reacts as Ofgem confirms energy bills will rise 80 per cent to £3,549 in October - Mortgage Solutions

Millions 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.

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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.

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Daily Mail

Ofgem raises energy price cap to eye-watering £3,549

The 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.

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East Midlands

East Midlands businesses react to ‘catastrophic’ energy price cap hike | TheBusinessDesk.com

News is ‘another dagger in the heart’ for small business owners

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Mortgage Strategy

Brokers bemoan energy price cap raise | Mortgage Strategy

Confirmation 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...

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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

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This Is Money

Fixed rate mortgages are up 166% since the start of the year

Average 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.

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Daily Mail

Fixed rate mortgages are up 166% since the start of the year

Average 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.

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Property Industry Eye

Industry leaders slam ‘shambolic’, ‘farcical’ and ‘archaic’ conveyancing system - Property Industry Eye

Breaking 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.

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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

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inews.co.uk

House prices jumped by more in a year than the average UK worker earns annually

The 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.

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Mortgage Solutions

Self-employed treated with ‘more caution’ by lenders, brokers say - Mortgage Solutions

Self-employed borrowers are treated as higher risk by mortgage lenders but there is little justification, according to mortgage brokers.

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Metro.co.uk

Bad news for buyers as mortgage lenders up their rates

Mortgage rates are on the rise - and fast.

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IFA Magazine

ONS GDP data (May) - reaction from Govt high street and financial services experts

This 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%

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Mortgage Solutions

Intergenerational mortgages would push up house prices and fail to tackle supply issues, brokers say

Children 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.

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IFA Magazine

“Conveyancing is completely broken” - property and mortgage experts give their views on conveyancing market

Following reports of record times in property conveyancing, we asked 12 property and mortgage industry experts for their views on the current conveyancing syste

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Express.co.uk

Record four month wait to buy a house as market is paralysed by ‘broken’ system

BRITAIN’S housing market has been paralysed by a ‘broken’ system that is leading to record delays for both buyers and sellers.

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IFA Magazine

BoE mortgage approvals - “People who have been procrastinating are very proactive” - reaction from brokers

Following 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

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Mortgage Solutions

Borrowers rush to pay exit fees and lock into new mortgages as interest rates climb

The number of borrowers paying Early Repayment Charges (ERC) has soared following fears of rising interest rates.

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Mortgage Solutions

Newcastle adds interest-only option to 10-year fixed range

Newcastle Intermediaries has added to its 10-year fixed product range with an interest-only deal.

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Financial Reporter

Boris confirms new mortgage affordability and Right to Buy plans: Industry reacts

Prime 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.

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Mortgage Solutions

Supply of rental properties halves in three years as landlords sell-up – Propertymark

The number of properties available to rent through letting agents in the month of March halved between 2019 and 2022.

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inews.co.uk

Think carefully before shelling out a mortgage booking fee to fix your mortgage, warn experts

As interest rates continue to rise thousands of borrowers will be looking to fix their mortgage, but is this a good idea?

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inews.co.uk

As inflation soars, these tips will help ensure your finances survive the cost-of-living crunch

There are ways consumers can cut costs - and even make money - as many find their budgets squeezed

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Mortgage Solutions

Help to Buy completions drop 41 per cent on pre-pandemic levels

The 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.

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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…

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Mortgage Solutions

Brokers ‘frantic’ after BoE rate rise as borrowers worry over mortgage costs

Brokers 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.

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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

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Mortgage Solutions

Misleading financial ads more common as product shelf-life shrinks, brokers warn

Brokers 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.

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inews.co.uk

First Direct launches 5% deposit mortgage to help first time buyers

First 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.

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FTAdviser.com

UK housing market is ‘kaput’, brokers claim

Britain s housing market is broken and the property bull market could soon turn into a bear mortgage advisers have warned

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IFA Magazine

Residential planning applications down 7% on the year

Following on from this morning’s planning applications data for England published by the Department for Levelling Up, Housing & Communities, mortgage exper

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Mortgage Solutions

Number of homes built fall in Q4 2021

The number of new homes built fell by three per cent year-on-year between October and December 2021.

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The Negotiator

’Conditional selling is a cancer in estate agency that must be addressed

Several leading mortgage brokers have broken ranks to call out agents who employ conditional selling techniques, naming several brands.

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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.

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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.

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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.

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This Is Money

Government 5% mortgage scheme has helped few first-time buyers

The 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.

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Daily Mail

Government 5% mortgage scheme has helped few first-time buyers

The 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.

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Mortgage Solutions

Soaring cost of living is remortgage opportunity, brokers say

Rising 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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Mobile Logo

BoE hikes interest rate to 0.5% — industry reacts

The 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.

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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.

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Financial Times

UK house prices show strongest start to year since 2005

Property price index rises by annual rate of 11.2% in January surpassing economists’ expectations

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Mortgage Finance Gazette

Land Registry records 10% house price rise in November

Government 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

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Mortgage Strategy

House prices rose 10% in November: HM Land Registry

Government 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...

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Mortgage Strategy

Average house price tops £250,000 ahead of possible rate rise

Annual 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...

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Startups.co.uk

What do small businesses want from the budget? - Startups.co.uk

The government will announce its first budget since pandemic restrictions lifted. We ask SMEs what they want from the spending review.

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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.

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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.

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Financial Reporter

Halifax boosts maximum LTI to 5.5 times salary

From tomorrow, Halifax will be changing some of the loan to income limits applied to its affordability calculations.

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Daily Mail

Boris claims supply chain chaos part of ending ‘low wage’ culture

In 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.

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Proactiveinvestors UK

FTSE 100 upbeat with Next at a new high, but Royal Mail hit by downgrade

The UK blue chip index moves higher despite continuing concerns over inflation, energy and supply chain issues

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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,...

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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.

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Daily Mail

Small business bosses blast Boris over £12bn tax raid

Small 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.

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Financial Times

UK property sales slide after end of stamp duty holiday

The 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.

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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.

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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.

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Money Expert

Halifax Shatters Records With 0.83% Mortgage

Olympic 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...

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FTAdviser.com

Tumbling mortgage rates signal lenders’ ‘low risk’ strategies

Low 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

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The Guardian

Halifax launches mortgage at 0.83% amid flurry of rate cutting

Lender to offer ultra-low rate on two-year fixed deal on loans worth up to 60% of home value

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Evening Standard

Where first-time buyers should search for a London home post pandemic

As London reopens, young buyers are snapping up flats offering great design and lifestyle perks that will get our New Homes Awards judges thinking.

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The Telegraph

Banks gear up for mortgage price war as house prices cool

Lenders slash home loan rates to record lows, while property prices dip for first time in five months after stamp duty holiday ends

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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…

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The Guardian

Homebuyers rush to complete before stamp duty holiday deadline

Buyers who miss 30 June cutoff may have to pull out of purchases, putting chains of sales at risk

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Daily Telegraph

UK house prices spike 11pc amid looming tax rise

Surging value will continue even when stamp duty increases, experts say as properties jump at fastest pace for seven years

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The Telegraph

Pound climbs to three-year high as miners push FTSE up 1pc - live updates

The 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...

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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...

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The Telegraph

House prices surge at fastest rate since 2007

Average house worth £256,000 at the end of March – 10pc higher than in 2020

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inews.co.uk

Remortgaging without a perfect credit score? Top tips to maximising your chances of getting approved

Mortgage brokers say the best remortgage rates are reserved for those with the best credit ratings, so what can you do with a poor score?

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The Telegraph

House prices surge at fastest pace in 17 years

The average cost of a home in Britain has hit a record high of £238,831

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Yahoo Finance

Battle is on for cheap mortgage deals as property gets another boost

Government-backed plan to boost home ownership with just 5 per cent deposit launches

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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.

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The Independent

Battle for cheapest mortgage deals is on as property gets another boost

Government-backed plan to boost home ownership with just 5 per cent deposit launches

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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?

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MoneyWeek

House prices: from boom to even bigger boom | MoneyWeek

UK 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...

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The Telegraph

House prices hit record high after stamp duty holiday extension

Prices have risen by 6.5pc in the last year, as economists suggest growth rates could climb into double digits

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Mortgage Introducer

Industry reacts to Halifax House Price Index | Mortgage Introducer

Halifax found that house prices had increased by 1.1% between February and March 2021 and are now 6.5% higher than in March 2020.

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Derbyshire Times

Rock on: Derbyshire mortgage broker secures own heavy metal theme tune

A Derbyshire mortgage broker believes it is the first in the UK to have its own heavy metal theme tune.

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