Chris Sykes's Media Coverage
The Telegraph
When the mortgage crisis will end – and what to do as your remortgage date loomsHomeowners are set to face more mortgage pain as interest rates rise again
This Is Money
What’s the age limit on a mortgage? Biggest lender increases its capHalifax has increased its maximum working age from 70 to 75 for applicants wanting to pay off a home loan with their wages.
Financial Reporter
Halifax ups maximum age to 75 for mortgage lendingBrokers discussed the pros and cons of taking a mortgage to the age of 75.
This Is Money
Will the fall in inflation feed through to mortgage rates?There is hope of some ‘breathing space’ for mortgages after the latest inflation data showed the rate of price growth is slowing.
This Is Money
Britons withdraw record £4.6 billion savings in MayBank of England figures show the biggest monthly withdrawal in 26 years, since records began in 1997.
Mortgage Solutions
Advisers urge lenders to agree minimum 24-hour withdrawal notice periodBrokers have called on lenders to pledge to provide a minimum notice period of 24 hours to withdraw products, pointing to widespread removals over the past few weeks and heightened market uncertainty.
Mortgage Professional
Lenders urged to provide minimum notice period on product withdrawalsBrokers ask for a notice period of at least 24 hours
The Intermediary
Mortgage brokers call on lenders to establish a minimum notice period for product withdrawalsMortgage brokers — Riz Malik, Jamie Lennox, and Lewis Shaw — are leading the call, asking that lenders sign a pledge to provide a minimum notice period of 24 hours to all affiliated brokers before withdrawing...
The Times
Get a free loan to green-up your homeAnyone with a Nationwide mortgage will be able to borrow up to £15,000 at 0 per cent interest to upgrade boilers and install solar panels and electric car charging points.
The Telegraph
First-time buyers take a £220,000 gamble to get on the ladderGrowing number of borrowers are taking out long-term mortgages
FTAdviser
Brokers: 40-year mortgages now ‘commonplace’Mortgage brokers have reported that 30 and 40-year mortgages are now commonplace, particularly among first-time buyers as they contend with sky-high house prices.
Financial Reporter
Longer mortgage terms becoming commonplace, brokers sayBrokers discussed the pros and cons of longer term mortgages.
IFA Magazine
Coventry announces product changes - reaction from brokersFrom 8pm Thursday the 20th of April, Coventry for Intermediaries has announced it will be closing products and launching new ones. Brokers and Industry experts
Mortgage Strategy
Product transfers on rise as low fixed-rate deals end: UK FinanceProduct transfers are growing in popularity with 87% of remortgagers choosing to stay with their existing lender rather than move elsewhere, according to latest figures from UK Finance. The trade body...
inews.co.uk
Homeowners stick with lenders when remortgaging to avoid £10k affordability check penaltyMore people are opting for product transfers to ensure they won’t fail affordability checks
FTAdviser
Homeowners opt for product transfers over remortgagingMortgage brokers have reported a rise in popularity of product transfers as borrowers opt for the low-stress option and lenders prioritise customer retention.
Mortgage Solutions
Three-year fixes are the ‘Goldilocks’ option but the product cupboard is bare – analysisThree-year fixed mortgages could be a good product for borrowers who feel alternatives are too long or short, but a lack of options and inconsistent pricing means they are often not chosen.
The Telegraph
Should you fix your mortgage as sub-4pc deals disappear?HSBC increases fixed-rate deals as lenders price in higher borrowing costs
This Is Money
Need a new mortgage? Check affordability before chasing low ratesMortgages rates have gone below 4% for the first time in months - but lenders are being stricter about who can borrow. Here is what those seeking a home loan need to know.
Mortgage Solutions
Rises in variable income limits ‘welcome’ but lenders unlikely to changeBrokers have said that mortgage lenders who will accept higher amounts of variable income will become more attractive, but have said it is unlikely more lenders will change their criteria.
Financial Reporter
When will two-year fixes break the 4% barrier? - brokers reactBrokers are split on when they think two-year fixed rates will drop below 4%.
IFA Magazine
When will 2-year fixes break 4% barrier? - reactionWith inflation coming down faster than expected last month, Bank Rate likely to be close to its peak and the possibility of rate cuts later this year to stimula
This Is Money
Will ‘stretchy mortgages’ help avert a surge in home repossessions?Banks are being encouraged to offer more flexible repayment options to homeowners hit by rising mortgage rates.
Mortgage Solutions
Second charge will be ‘big business’ in 2023 – analysisSecond charge will continue to grow in popularity next year due to rising cost of living, higher remortgage costs and more people coming to term end on fixed rates next year.
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.
The Times
Houses sell for less than asking price as buyers falterHouse sellers achieved less than their asking price for the first time this year, in a sign that prospective homebuyers are getting cold feet in the face of mor
The Times
Houses sell for less than asking price as buyers falterHouse sellers achieved less than their asking price for the first time this year, in a sign that prospective homebuyers are getting cold feet in the face of mor
Financial Times
Mortgage shock: what next for embattled borrowers?Spiralling home loan rates add to households’ cost of living pressures
The Telegraph
Mortgage rates soaring faster than the financial crisisSelect buyers’ quoted payments triple since September’s mini-Budget