Riz Malik's Media Coverage
Daily Mirror
University 'not worth it anymore' as graduates find no jobsExperts say the number of graduate jobs available has plummeted in less than a decade
The Telegraph
House prices rise amid shortage of sellers - latest updateHouse prices unexpectedly increased last month as lower mortgage rates boosted buyer confidence despite a shortage of sellers.
FT Adviser
Housing costs accelerating ‘great wealth transfer’Higher housing costs and affordability pressures have accelerated the great wealth transfer, with clients increasingly looking to pass on money during their lifetimes, according to advisers.
Thisismoney
Help to Buy has netted Government £1.74bn... but future gains will be hit by plummeting flat pricesThe Help to Buy equity loan scheme has netted the Government £1.74 billion, new data shows - though falling flat prices are likely to stunt returns in the future.
Daily Telegraph
Beach hut prices sink as pandemic boom fadesBeach hut prices have plummeted 30pc in two years as Britain’s obsession with the colourful seaside cabins fades.
what MORTGAGE
Starmer resignation: How will it impact mortgages rates?Mortgage borrowers are being urged not to let political uncertainty derail their plans following the resignation of Keir Starmer as Prime Minister this morning.
FT Adviser
Estate planning and retirement top clients’ prioritiesFinancial planning firms are seeing growing demand for advice on estate planning and retirement as clients focus on long-term financial priorities.
Wales Online
Major Monday update could mean ‘positive movement’ for mortgagesThere could be good news
Daily Mirror
Important Monday update for anyone taking out a UK mortgageMortgage brokers and property experts have hailed Trump’s Middle East peace deal, but also issued a note of caution
Daily Express
Key Monday UK mortgage update as ‘positive movement’ likely this weekFeels like one bit of good news at last
Bath Chronicle
Major Monday update could mean ‘positive movement’ for mortgagesThere could be good news
North Wales Live
Major Monday update could mean ‘positive movement’ for mortgagesThere could be good news
FT Adviser
Pension saving plummets when employees move into self-employmentMore support is required to address low pension participation when people become self-employed, a think-tank claims.
Daily Mirror
People with mortgage deals ending soon ‘should act now’Continued global tensions mean nothing is set in stone
Daily Star
‘Stumbling block’ charge alert after new Nationwide updateOne expert said some people should be exempt from the charge
Daily Express
New ‘stumbling block’ charge warning after Nationwide update this weekExperts say it is an overlooked cause
Daily Mirror
‘Stumbling block’ charge alert after new Nationwide updateOne expert said some people should be exempt from the charge
FT Adviser
Stamp duty has ‘become a drag’ on the housing marketThe government is facing renewed calls to reform stamp duty amid stuttering house price growth.
Daily Mirror
New Nationwide update as ‘impact feeds through’The building society has given its latest take
Wales Online
Nationwide Monday update as ‘conditions perfect for bargain’The building society released a key update on Monday morning
North Wales Live
NatWest mortgage rule change announced - eligibilityNatWest has introduced a significant new offer
Birmingham Live
Santander cuts mortgage rates by up to 0.23% from TOMORROWInflation is down by 2.8 per cent
Wales Online
Santander shares good news for these customers - from FridaySantander is making a major change this week
Daily Express
Major Santander change from Friday - what customers need to knowMany Brits have been handed a rare piece of good news after Santander announced a major change from Friday.
Daily Mirror
NatWest update as it launches new £150,000 offer - eligibilityNatWest has introduced new changes for some lenders
Cambridgeshire Live
NatWest mortgage rule change announced - eligibilityNatWest has introduced a significant new offer
Teesside Live
NatWest mortgage rule change announced - eligibilityNatWest has introduced a significant new offer
Thisismoney
NatWest to offer mega mortgages of 6.5 times salary: Who can get one?NatWest has boosted the amount high earners can borrow as a mortgage to 6.5 times their salary.
Birmingham Live
NatWest announces major update for customers earning over this figureThis is NatWest’s fourth LTI enhancement this year
WalesOnline
UK 2027 rule change as many ‘don’t have £92 document until too late’It's something that many of us are guilty of leaving until too late in life
Daily Express
HMRC rule change in 2027 as ‘few have essential £92 document’That’s a nasty little sting for families
Daily Express
‘Cost reduction’ announced for NatWest and Santander customersStill feels like pennies off, mind
Liverpool Echo
NatWest and Santander customers ‘cost reduction this week’Both banks have announced changes
Cambridgeshire Live
NatWest and Santander customers ‘cost reduction this week’Both banks have announced changes
Thisismoney
Halifax cuts its mortgage rates - but are home loans about to spike again?A major mortgage lender has cut its rates today, but brokers are warning that they could be about to rise again.
Daily Mirror
New Halifax update given to customers ‘but could be short-lived’There was good news for customers announced on Tuesday afternoon
Daily Express
Halifax customers get new good news update ‘but it might be short-lived’Blink and you’ll miss it
MoneyWeek
Households are holding record amounts in cash - how much should you invest?Research by Fidelity shows investing levels remain below their 1990s peak. Here is why you should consider investing more.
Liverpool Echo
Nationwide change begins today as benefit ‘passed to customers’Halifax has also made an announcement, following TSB, Santander, Barclays and HSBC
Daily Mirror
New Nationwide and Halifax messages to customers ‘starts today’It has been a week of change
Daily Express
Nationwide announces major change for customers ‘from today’Feels like a blink-and-you’ll-miss-it moment
Daily Express
Halifax follows HSBC, Santander, TSB with ‘positive’ news for customersDon’t get too excited, it could flip fast
Daily Express
Unwelcome warning issued to all petrol and diesel driversEvery fill-up feels like daylight robbery now
Daily Express
RAC says petrol and diesel ‘should fall by several pence a litre’Even a tiny drop would be a relief
Redhill And Reigate Life
Millions of UK workers urged to check payslips from April 1 as wages riseMillions of UK workers are getting a pay rise from April 1. Check the new minimum wage rates and make sure your employer is paying you correctly.
Thisismoney
TSB to raise ALL its fixed mortgage rates as Middle East fallout continuesMortgage brokers are warning that mortgage rates below 4 per cent could disappear by next week, after three more lenders hiked rates in response to ongoing geopolitical tensions.
Daily Mirror
Iran war ‘could send fuel prices soaring to 180p’ as mortgage costs riseThe turmoil caused by the Middle East conflicted has extended into a new week, as Chancellor Rachel Reeves is set to attend emergency meeting
Daily Express US
WW3 alarm as Trump weighs Iran strike that could send oil and inflation soaringUS media reports suggest Donald Trump is weighing military strikes on Iran, and experts warn oil prices could surge to $110 per barrel, driving up fuel costs
Birmingham Live
Halifax confirms mortgage rate increases across its productsThe new rates come into effect from tomorrow
FT Adviser
Stocks and shares Isas outperform cash Isas for third yearThe average stocks and shares Isa grew by around 11 per cent in the past year, compared with a 3.4 per cent return from cash Isas, figures from Moneyfacts show.
The Guardian
Oil prices rise amid fears of US strikes on Iran – as it happenedBoth the US and Iran embark on military posturing amid a stand-off over Tehran’s nuclear programme
Bury Mercury
What UK inflation drop to 3 per cent means for mortgages, savings and interest ratesUK inflation has dropped to 3. Here’s what it means for mortgage rates, savings accounts and the chances of a Bank of England rate cut.
Newham Recorder
What UK inflation drop to 3 per cent means for mortgages, savings and interest ratesUK inflation has dropped to 3. Here’s what it means for mortgage rates, savings accounts and the chances of a Bank of England rate cut.
The Herald
What UK inflation drop to 3 per cent means for mortgages, savings and interest ratesUK inflation has dropped to 3. Here’s what it means for mortgage rates, savings accounts and the chances of a Bank of England rate cut.
Swindon Advertiser
What UK inflation drop to 3 per cent means for mortgages, savings and interest ratesUK inflation has dropped to 3. Here’s what it means for mortgage rates, savings accounts and the chances of a Bank of England rate cut.
Maldon and Burnham Standard
What UK inflation drop to 3 per cent means for mortgages, savings and interest ratesUK inflation has dropped to 3. Here’s what it means for mortgage rates, savings accounts and the chances of a Bank of England rate cut.
Liverpool Echo
Klarna and Clearpay shoppers to face new checks ahead of payingMillions of people across the UK use Buy Now Pay Later firms, including Clearpay and Klarna to shop
Herald.Wales
Big bank loyalty leaves savers almost £300 worse off, research finds - Herald.WalesSAVERS have been urged to consider lesser-known providers to avoid missing out on hundreds of pounds in interest, following new analysis from Moneyfacts.
Kent Live
Clearpay and Klarna shoppers to face new checks in shake-upMillions of people have used Buy Now Pay Later lenders such as Clearpay and Klarna but now new rules are being brought in
OK!
Major change to affect every Klarna and Clearpay shopperUp to 30 million people in the UK have used Buy Now Pay Later schemes including Klarna and Clearpay for everything from groceries to gifts
Cambridge Live
Klarna and Clearpay shoppers to face new checks ahead of payingMillions of people across the UK use Buy Now Pay Later firms, including Clearpay and Klarna to shop
Hull Live
Clearpay and Klarna shoppers to face new checks in shake-upMillions of people have used Buy Now Pay Later lenders such as Clearpay and Klarna but now new rules are being brought in
Daily Record
Important Klarna and Clearpay updates all users should not ignoreMillions of UK shoppers who use Klarna, Clearpay and other Buy Now, Pay Later (BNPL) services are set to see major changes, as the Financial Conduct Authority (FCA) introduces new rules to protect consumers
Daily Mirror
Major change to affect every Klarna and Clearpay shopperUp to 30 million people in the UK have used Buy Now Pay Later schemes including Klarna and Clearpay for everything from groceries to gifts
FT Adviser
Big bank loyalty costs savers £300 a yearAccording to analysis from Moneyfacts, staying with a big bank rather than a challenger bank can leave savers £300 worse off every year.
Daily Mirror
Nationwide makes major change for customers and is ‘first in UK’It’s been said that it’ll speed things up
Business Matters
Pound hits four-year high against dollar, prompting calls to ‘buy now’Sterling has climbed to $1.38 against the US dollar — its strongest level since 2021 — as dollar weakness, rate expectations and geopolitical uncertainty fuel calls that now is a good time to buy.
Sky News
11 financial New Year’s resolutions to get your money in orderHoping to get your finances in order this year? Whether it’s clearing debt or building a nest egg, here are some New Year’s resolutions to help you become more money-savvy - and tips from experts on how...
GB News
Mortgage deals hit highest level since 2007 in 'huge milestone' with 7,158 products currently availableHomebuyers now have access to more mortgage options than at any point in almost two decades, according to new industry data.
Express.co.uk
Three major banks slash mortgage rates in ‘important’ market signalExperts are expecting further steady, gradual reductions through 2026.
Thisismoney
Three major banks slash mortgage rates in new year boost for borrowersThree major high street banks have kicked off 2026 by slashing the interest rates on their mortgages.
GB News
Labour warned DWP scheme to tackle workplace sickness 'like emptying the ocean with a teaspoon'The Labour Government has unveiled a new scheme offering complimentary occupational health training to 5,000 line managers at small and medium-sized enterprises (SMEs) across England.
Daily Telegraph
Homeowners take on highest amount of risky mortgages since 2008Homeowners have taken on the largest amount of risky mortgages since 2008 as new buyers stretch the budget to get on the housing ladder.
FT Adviser
Reeves increases minimum wage by 4.1%The government has announced that minimum wage rates will increase next year, but small business owners have raised concerns.
Grimsby Live
Santander ‘debunks myth’ after helping 70year-old buy homeFigures show a sharp rise in people over 60 buying their first home
Essex Live
Santander ‘debunks myth’ after helping 70year-old buy homeFigures show a sharp rise in people over 60 buying their first home
Somerset Live
Santander ‘debunks myth’ after helping 70year-old buy homeFigures show a sharp rise in people over 60 buying their first home
GB News
Recession alert: US economic downturn 'would be straw that breaks the UK's back' as stock market tumblesInvestors are concerned about a potential AI stock market 'bubble' which analysts warn could trigger a recession on both sides of the Atlantic
Daily Telegraph
Stock market ‘may pull-back further’, warn advisersA US recession “would be the straw that breaks the UK’s back” with stock markets already strained by high valuations, investment advisers have warned.
Express.co.uk
Rachel Reeves slammed as UK economy on ‘toxic’ path to inflation chaosThe prediction, from S&P Global, marks a sharp climb from August’s 3.8% rate and is double the Bank of England’s (BoE) 2% target.
Express.co.uk
Rachel Reeves ‘sleepwalking into disaster’ after latest dire GDP figuresRachel Reeves has admitted she is considering tax rises to plug a rumoured £30 billion black hole in public finances.
Express.co.uk
Gold smashes past $4,000 an ounce as economic uncertainty sparks global worryAnalysts have said $5,000 gold is now “a reasonable waypoint”, as the price of the yellow metal continues to rise.
Freelance Informer
Property Experts Sceptical Over Latest Property ReformA NewsPage report captures the tension between government ambition and industry cynicism regarding regulatory change in the property sector.
Daily Star
Earnings from adult platforms or Airbnb could stop you getting mortgageMany hopeful lenders turn to side-hustles to raise funds, including Airbnb, Only Fans or even high-risk gambling - but experts have warned some banks could take a dim view
This Is Money
Budget property tax fears ‘paralyse’ £500k-plus property marketLabour’s languishing over the Autumn Budget is hitting the upper echelons of the property market hard, new data shows.
The Armchair Trader
Gold fever: the smartest ways to buy and sell as prices hit record highsWith gold prices smashing through all time highs many UK investors are wondering how best to profit from soaring prices.
This Is Money
Mortgage payments rocket 47% in five years to a record £1,002 averageDirect debit data published by the Office for National Statistics, showed average homeowner monthly mortgage repayments came in at £1,002.27 in August.
Express.co.uk
‘No-idea’ Reeves accused of plunging UK into ‘economic abyss’Financial experts have reacted to the news that the economy flatlined in July, with some warning of increased taxes in the upcoming Autumn Budget.
Express.co.uk
Angela Rayner urged by tax experts to resign over stamp duty scandalEXCLUSIVE: This isn’t just a “minor slip-up” from Angela Rayner, experts have said.
Estate Agent Today
Boost for first-time buyers as HSBC expands loan-to-income ratiosHSBC has increased its loan-to-income (LTI) ratio for first-time buyers.
Express.co.uk
Rachel Reeves dealt another huge blow as GDP plunges UK economy into ‘trouble’The UK’s economic growth rate slowed to 0.3% in the second quarter of the year, new data shows.
National World
Financial experts react as Bank of England cuts base rate to 4% - what it means for your moneyThe Bank of England's Monetary Policy Committee has today voted by a majority of 5–4 to reduce the base rate to 4% - financial experts say it is a huge boost to borrowers, mortgage holders and, perhaps...
This Is Money
House price affordability rises to highest level in a decadeThe price of a typical home is roughly 5.75x average income, a ratio ‘well below’ the all-time high of 6.9 recorded in 2022.
Express.co.uk
Brits hit with ‘cardinal sin’ warning over common pensions mistakeFinancial experts have warned of a “worrying pattern” when it comes to saving for retirement.
Birmingham Live
Cash ISA rule change still on cards as Rachel Reeves lays out plansMs Reeves has confirmed a cash ISA shake-up could be coming as she slashed red tape at her Mansion House speech.
Plymouth Live
Rachel Reeves 3pc pension change plan ‘may spark redundancies’Finance and business experts say something needs to change but ‘now is not the time’
Lancs Live
Rachel Reeves 3pc pension change plan ‘may spark redundancies’Finance and business experts say something needs to change but ‘now is not the time’
The Scotsman
Petrol price alert: How the Israel-Iran conflict will impact the motorist and UK economyMotorists have been warned of an imminent hike in prices at the pump as the conflict between Israel and Iran intensifies.
The Sun
With generals dead, bases ruined & proxies wiped out… world awaits neutered Iran’s ‘revenge’ strikesGlobal oil prices hit their highest mark in five months after jumping 6 percent, fuelled by fears that the supply will be disrupted.
Daily Mail
9,000 messages in children’s WhatsApp group lead to school phone banShocked at the discovery, executive headteacher Simon Botten started a debate with parents on whether smartphones should be allowed in schools - and now pupils can’t bring them in at all.
FTAdviser
‘Game-changer’: govt unveils reform as it lays out pension schemes billThe government will present the pension schemes bill today (June 5) as it moves to introduce reforms to combine smaller pots and create
Birmingham Live
Major NatWest update with customers told ‘be warned or be damned’The Treasury has announced the sale of its final shares in the NatWest Group
Express.co.uk
Brits told ‘help mum’ and ‘don’t ignore that letter’ as pensioners may claim £8kEXCLUSIVE: Adult children are being urged to help older women make sure they claim state pension underpayments.
Daily Mail
Experts reveal tips to protect against inflation after ‘Awful April’Inflation is back on the rise, with a shock jump arriving today. Financial experts gave us their top tips on what you can do to protect your wealth and income.
This Is Money
Home buyers offered 100% mortgage: Who can get it?The new mortgage means someone earning £40,000 a year could potentially buy a home worth £179,600 - even without any savings.
Express.co.uk
British growth surge could stall Bank of England rate cutsThe upbeat performance defies earlier warnings of a crisis in business confidence
Express.co.uk
Bank of England cut fuels hope for cheaper mortgagesThe Bank of England trimmed its base rate by 0.25 percentage points to 4.25% yesterday
Daily Telegraph
Boost for homeowners as mortgage rates expected to hit 3.5pcHomebuyers could see mortgage rates as low as 3.5pc by the end of the year as lenders respond to Bank of England interest rate cuts, brokers have said.
Express.co.uk
Rachel Reeves’ £50bn pension plans are ‘dangerous and misguided’Critics accuse Rachel Reeves of risking savers’ money in a bid to turbocharge Britain’s sluggish economic growth.
Express.co.uk
Nationwide Building Society announces change to mortgage rates - full detailsSome brokers believe lower mortgage rates from other banks could follow soon.
Birmingham Post
Nationwide makes urgent change ‘effective tomorrow’ with millions to benefitThe new rates will be effective from tomorrow, Wednesday 23 April.
This Is Money
Nationwide cuts mortgage rates and now offers best buy for home moversNationwide has reduced its rates by up to 0.25 percentage points, with the deals available to both new and existing customers.
Newspage News
“Gold smashing through $3,200 is a screaming signal of market fear”The price of gold hit a new all-time high Friday, as uncertainty surrounding the ongoing global trade war reached new heights.
Express.co.uk
Mortgage borrowers urged to act now as cheap 3.89% rate disappearsThe decision by one lender to raise rates, after reducing them earlier in the week, has prompted experts to warn mortgage borrowers to review their finances.
InYourArea
Mortgage rate cuts on the horizon as lenders prepare for competitive shake-upSome borrowers may soon be able to lock in fixed mortgage deals under 4%, says Rory Poulter
FTAdviser
UK mortgage lenders cut rates following Trump tariffsA number of UK mortgage lenders have announced rate cuts as swap rates improve as a result of the recent Trump tariffs.
Daily Mail
British businesses warn of fight to survive after Trump’s tariffsFirms have told MailOnline the world is in ‘turmoil’ and labelled the US President’s decision to impose the widespread tariffs as ‘ridiculous’.
Express.co.uk
Home loan war looms with lower deals on the horizonSome borrowers may soon lock in two and three year deals below the 4% mark.
Express.co.uk
Everything we know so far about how Trump’s tariffs will impact your pensionAs the world’s stock markets take the brunt of US President Donald Trump’s tariffs experts explain what will happen to your pension and savings.
This Is Money
Lender cuts mortgage rates as tariffs set to bring down interest ratesMortgage brokers are expecting more lenders to follow suit, in what could see a wave of rate reductions over the coming weeks.
Wisbech Standard
How Trump’s tariffs ‘may help UK buyers by lowering mortgage rates’In an unexpected twist, President Trump’s tariffs may inadvertently help UK buyers by lowering mortgage rates
Moneyweek
Trump trade tariffs: UK mortgage rates could fall below 4%Stock markets have been rattled by Trump’s trade tariffs but there could be benefits for mortgage borrowers
Express.co.uk
UK households with a mortgage told Trump tariffs could actually be good newsA mortgage lender said it was reducing its rates as a result of US President Donald Trump’s ‘Liberation Day’ tariffs.
FTAdviser
Stamp duty change demands new avenues for homebuyersWith stamp duty thresholds changing today the need to find alternative solutions for first time buyers has been amplified, according to the Mortgage Advice Bureau.
Financial Times
UK house prices fall unexpectedly in MarchThe 0.5% contraction according to Halifax contrasts with economists’ bets of a 0.1% rise
North Wales Pioneer
How Trump’s tariffs ‘may help UK buyers by lowering mortgage rates’In an unexpected twist, President Trump’s tariffs may inadvertently help UK buyers by lowering mortgage rates
Western Telegraph
How Trump’s tariffs ‘may help UK buyers by lowering mortgage rates’In an unexpected twist, President Trump’s tariffs may inadvertently help UK buyers by lowering mortgage rates
FTAdviser
Trump tariffs may ‘single-handedly’ rescue UK housing marketTrump’s tariffs “may be single-handedly rescuing the UK housing market” after SONIA swap rates tumbled following the president’s ‘liberation day’ announcement.
Cumnock Chronicle
How Trump’s tariffs ‘may help UK buyers by lowering mortgage rates’In an unexpected twist, President Trump’s tariffs may inadvertently help UK buyers by lowering mortgage rates
This Is Money
Could Trump’s trade tariffs send mortgage rates lowerMortgage rates could be set to fall in the aftermath of Donald Trump’s trade tarriffs after sonia swap rates fell following the announcement.
Gazette & Herald
How Trump’s tariffs ‘may help UK buyers by lowering mortgage rates’In an unexpected twist, President Trump’s tariffs may inadvertently help UK buyers by lowering mortgage rates
The Herald
How Trump’s tariffs ‘may help UK buyers by lowering mortgage rates’In an unexpected twist, President Trump’s tariffs may inadvertently help UK buyers by lowering mortgage rates
Islington Gazette
How Trump’s tariffs ‘may help UK buyers by lowering mortgage rates’In an unexpected twist, President Trump’s tariffs may inadvertently help UK buyers by lowering mortgage rates
Eastern Daily Press
How Trump’s tariffs ‘may help UK buyers by lowering mortgage rates’In an unexpected twist, President Trump’s tariffs may inadvertently help UK buyers by lowering mortgage rates
Wandsworth Times
How Trump’s tariffs ‘may help UK buyers by lowering mortgage rates’In an unexpected twist, President Trump’s tariffs may inadvertently help UK buyers by lowering mortgage rates
Swindon Advertiser
How Trump’s tariffs ‘may help UK buyers by lowering mortgage rates’In an unexpected twist, President Trump’s tariffs may inadvertently help UK buyers by lowering mortgage rates
York Press
How Trump’s tariffs ‘may help UK buyers by lowering mortgage rates’In an unexpected twist, President Trump’s tariffs may inadvertently help UK buyers by lowering mortgage rates
Wymondham & Attleborough Mercury
How Trump’s tariffs ‘may help UK buyers by lowering mortgage rates’In an unexpected twist, President Trump’s tariffs may inadvertently help UK buyers by lowering mortgage rates
Northwich Guardian
How Trump’s tariffs ‘may help UK buyers by lowering mortgage rates’In an unexpected twist, President Trump’s tariffs may inadvertently help UK buyers by lowering mortgage rates
Yahoo! Finance
BoE rate cut more likely after 'Liberation Day'Markets believe a rate cut from the Bank of England (BoE) is now more likely following Trump's Liberation Day speech last night.
London Property News
Buy-to-let is bouncing back ‘with lending rocketing nearly 40% in the fourth quarter’Buy-to-let is bouncing back ‘with lending rocketing nearly 40% in the fourth quarter’ ...…
Express.co.uk
Cash ISA experts explain when is best to open account amid savings grab fearsThe end of the tax year falls on Saturday 5 April, leaving cash ISA investors with just a few days to use their annual £20k allowance.
Devon Live
Santander mortgage changes could help you borrow up to £35K moreThe move follows the government asking regulators to create an environment that fosters growth and guidance from the FCA to banks earlier this month where it set out steps to support home ownership.
Express.co.uk
Santander loosens affordability rules for borrowers in mortgage shake-upSantander has changed its affordability rules, enabling people to borrow up to £35,000 more
FTAdviser
Santander loosens affordability criteria in line with FCA wishesSantander has loosened affordability criteria in line with the wishes of the Financial Conduct Authority, with brokers calling it a “brave move” from the lender.
FTAdviser
Economic uncertainty drives investors to gold ‘safe haven’The price of gold hit record highs today (March 18), reaching more than $3,000 per ounce, with advisers and industry experts expecting the price to continue rising.
Startups.co.uk
UK Business Register Shrinks For First TimeCompanies House has released its latest quarterly results and it’s not looking good for UK businesses ahead of the Spring Forecast.
London Business New
Chancellor’s ‘anti-business Budget is starting to bite’ as companies register shrinks for first time everDiscover the impact of ‘The anti-business Budget is starting to bite’ on UK companies, marking a significant drop in registrations.
Birmingham Live
Halifax making big change to bank accounts which kicks in tomorrowHalifax is the latest lender to announce rate cuts, which will go live from tomorrow, Friday 7 March.
Express.co.uk
Abrdn changes name back to Aberdeen after rebrand was mockedOne of the UK’s oldest finance firms has abandoned a four-year rebrand which saw it mocked for removing the vowels in its name.
Birmingham Live
NatWest makes change to accounts in move that ‘could trigger domino effect’Remortgage borrowers look to be the biggest winners with this particular reprice, with cuts of up to 0.36%.
Express.co.uk
‘What were they doing for 14yrs’ - Financial experts’ blunt verdict on LabourRather than asking banks for help, Rachel Reeves and her Labour colleagues should already have worked out what they were going to do, argued one expert.
Express.co.uk
Mortgage rates set to fall as markets bet on Bank of England rate cutsA number of leading lenders, including the Halifax and Barclays, have already introduced reductions recently and there are expectations of more to come.
Express.co.uk
Bank of England poised to cut base rate by 0.25% - follow liveMortgage holders brace for noon when the Bank of England announces its latest decision on interest rates.
Birmingham Live
Barclays bringing in mortgage rule change ‘starting from Tuesday’The high street banking giant, which is rivalled by the likes of HSBC UK, Santander, Lloyds, NatWest, Nationwide and more, has confirmed it will be reducing key mortgage rates from Tuesday, February 4.
Express.co.uk
Barclays cuts mortgage rates - everything we know so farBarclays has confirmed it will be reducing key mortgage rates from Tuesday, February 4
Daily Mail
Santander are ‘playing a dangerous game’ over its threat to leave UKThe departure of the Spanish banking giant from the UK would deal a hammer blow that risks impacting 14million customers and tens of thousands of staff.
Birmingham Live
Santander customers warned over ‘dangerous game’ which can ‘backfire’One broker warned this is “likely aimed at the government following last week’s deregulation announcement” but added — “it could backfire”.
Property Soup
Weak December retail sales reinforce calls for rate cutThe UK high street endured a lacklustre festive season as official data published last Friday morning revealed a 0.3% decline in retail sales volumes during December 2024. While sectors such as clothing...
Business Matters
Sterling faces fresh sell-off as soaring borrowing costs could mean Reeves is on borrowed timeTraders are increasingly betting on a significant drop in the pound as concerns mount over the Chancellor Rachel Reeves’s ability to stick to her fiscal targets following a sharp rise in borrowing costs.
Express.co.uk
Santander says people with a mortgage can save thousandsThe banking giant has shared how people could claw back a small fortune
Property Soup
Homeowners could save thousands by using ‘Dry January’ cash boost to overpay mortgageWith many choosing to ditch alcohol this January, research from Santander has shown that putting some – or all – of the money usually spent on booze each month towards mortgage overpayments could save...
Express.co.uk
HSBC makes major decision on mortgage rates after Halifax moveThe high street giant has issued new interest rates on fixed rate deals running for two, five and 10 years.
Express.co.uk
£100 warning over ‘forgotten’ subscriptions in bank accountsExperts advise that drawing a distinct line between “wants” and genuine “needs” is vital
Express.co.uk
Fresh blow to Rachel Reeves as UK growth expectations take ‘turn for worse’EXCLUSIVE: Chancellor Rachel Reeves’ economic plan has ‘left businesses with even more tough choices to make’, the CBI says.
Express.co.uk
‘Wreck-it Reeves’ has has put mockers on the mortgage market, warns expertRachel Reeves has stirred up significant controversy since coming into office, especially after last month’s Budget.
Express.co.uk
Pension funds warned on ‘deeply irresponsible’ move to invest in BitcoinThe row has been triggered by a decision by a trust to advise a UK defined benefit (DB) pension scheme on allocating 3% of their portfolio to holding Bitcoin
Birmingham Live
DWP under fire for Get Britain Working Again reforms which are ‘all so 1980s’Jobcentre reform will be at the centre of the Labour Party government’s plans to “get Britain working again”, it has emerged today.
FTAdviser
‘Deeply irresponsible’ to include bitcoin in pension investmentsAdvisers think it would be “deeply irresponsible” for pension schemes to invest in cryptocurrencies in defined-benefit pension schemes.
Leicestershire Live
Urgent plea over ‘inhumane’ energy price changeEnergy bills continue to be a heavy burden on household finances, especially for people on lower incomes
Express.co.uk
Urgent plea as millions hit by energy bill shockOfgem has announced a change in the price cap that will put up the cost of each unit of gas and electricity used from January 1
Express.co.uk
First shots in mortgage price war as Barclays cuts fixed rates to under 4%The fall is expected to trigger rivals to follow suit against the background of predictions the Bank of England could cut the base rate twice before Christmas
Express.co.uk
Bank of England ‘must act now’ as experts predict two major decisions this yearInflation has fallen to below the official target of 2 percent
Express.co.uk
Mortgage interest rates warning as Bank of England may be forced into changeCoventry Building Society have made a move that has worried experts, as so-called swap rates have been edging up in recent days.
Express.co.uk
State Pension National Insurance deadline issued to get £328 extra a yearPaying £907.48 to cover one year of missed NI payments will boost the annual pension by some £328.64, which rises in line with inflation.
Moneyweek
6 money mistakes to avoid in your 50sYou may be at the peak of your career in your 50s but your kids may also come calling for support - here is how to prepare your finances for the decades ahead
Moneyweek
Payment regulator sets refund limit for fraud victims – your rights when you get scammedFrom October, new rules will change how banks refund authorised push payment fraud victims. Here is how your money will be protected.
FTAdviser
Reeves may open ‘Pandora’s box’ by targeting IHTRachel Reeves “may be about to open Pandora’s box” by targeting inheritance tax reform in the upcoming Autumn Budget, Sad Rabbit Investments head of macroeconomics, Gabriel McKeown, has...
Letting Agent Today
No Chance of Rate Cut Today - mortgage experts warn on economy - Letting Agent TodayNews that the headline rate of inflation remains at 2.2% has killed hopes of a cut in interest rates today.
Express.co.uk
Hope for Bank of England rate cut dashed by soaring air faresThe headline inflation rate was unchanged at 2.2 percent in August, but core inflation - stripping out energy, food, alcohol and tobacco - rose to 3.6 percent.
Derbyshire Live
Lender announces significant mortgage rate cuts for customersVirgin Money has made a series of positive changes to its residential purchase mortgage range, with rates being reduced by up to 0.20 percent
Birmingham Live
Halifax and Lloyds to give first-time buyers £2billion boost to get on ladderThe Lloyds group, which includes the Halifax, will also allow young buyers to borrow up to 5.5 times their income which means they will need smaller deposits
Express.co.uk
Halifax and Lloyds customers can take advantage of special mortgage boostRising house prices, the cost of living squeeze, high interest rates and affordability challenges mean conditions are the most difficult in 70 years for first time buyers.
Express.co.uk
Virgin Money customers given significant mortgage rate cutsThe provider has also made a series of changes to remortgage and buy-to-let options
Manchester Evening News
Quarter of UK adults can’t pay unexpected expense as experts raise alarmThe amount of households in the UK that wouldn’t be able to handle a few hundreds of pounds as the result of an unexpected expense is highlighting a deeper issue in the country’s pockets, experts are warning
The Mirror
Millions of Brits ‘one unexpected bill away from disaster’ new figures showA quarter of UK adults don’t think they would be able to afford a necessary but unexpected £850 bill, new figures from the Office for National Statistics have shown
The Independent
NatWest latest lender to offer mortgage under 4% in new price warThe high street lender began offering a 3.89 per cent deal with a £1,495 fee on Tuesday, following hot on the heels of other attractive offers for homeowners from Santander, Barclays, HSBC and Halifax
Birmingham Live
NatWest ‘follows Santander’ and announces new rules ‘effective today’NatWest has announced that, effective 13 August, it is making a number of rate reductions to their New Business product range.
Estate Agent Today
Boost for buyers as mortgage rate cuts continue – how long will it last?NatWest’s lowest price deal is now a 3.89% five-year fix for a home purchase at 60% loan-to-value (LTV) with a £1,495 fee. That is down from 4.03% previously.
Evening Standard
NatWest joins the rate cutting stampede with 3.89% mortgage dealRush of “sub-4” deals is expected to reinject energy back into sluggish property market
The Mirror
Barclays mortgage interest rates cut but not everyone is optimisticA number of Barclays mortgage products have seen interest rates cut to below four percent for the first time in months, following the Bank of England’s base rate decision last week
Birmingham Live
Halifax issues £999 message to customers and ‘expect more to follow’Halifax has today announced cuts on selected products of up to 0.16 per cent and highlights include a 5-year fixed rate at 3.99% with a £999 fee up to 60% LTV.
Sky News
Barclays to cut mortgage rates from tomorrowBarclays is making cuts to a selection of products across its residential purchase, remortgage and reward ranges from tomorrow.
The Mirror
Barclays launches UK’s cheapest mortgage at 3.84% as banks battleThe mortgage price war has intensified with Barclays launching the UK’s cheapest home loan at 3.84 percent as banks and building societies battle to attract homebuyers
Express.co.uk
Mortgage price war – Barclays, HSBC and NatWest launch home loans at under 4%Further cuts are expected in the coming days which are predicted to trigger a rush to buy through the rest of this year.
FTAdviser
Brokers: hardship tests will ‘force out good landlords’Introducing a hardship test for landlords will force many good landlords to flee the rental sector, some brokers have warned.
Express.co.uk
Hopes of home loan price war and return to sub 4% fixed-rate mortgagesThe interest rates at which financial institutions lend money to each other - so-called SWAP - rates have come down in the last few days.
Bristol Live
Bank of England cuts base interest rate from 5.25 to 5% - experts reactThe Bank of England’s Monetary Policy Committee voted 5-4 in favour of a quarter-point reduction in the base rate - the first time it has been cut in more than four years
WalesOnline
Bank of England cuts base interest rate from 5.25 to 5% - experts reactThe Bank of England's Monetary Policy Committee voted 5-4 in favour of a quarter-point reduction in the base rate - the first time it has been cut in more than four years
Express.co.uk
Interest rate cut hailed as ‘real turning point’ as experts react to decisionIt is hoped the move will bring down the cost of borrowing for those carrying mortgages, credit card debt and other loans.
Daily Mail
Pound climbs to highest level in a year amid boost for UK touristsSterling rose to nearly $1.30 this afternoon after strong economic growth cast fresh doubt over when the Bank of England will finally cut interest rates next month.
Birmingham Live
HSBC announces ‘new mortgage criteria rules’ for customersThe new HSBC UK rules take hold on Wednesday, July 10 and will see the bank remove the 65 per cent and 80 per cent loan to value tiers, allowing customers to access higher lending amounts at a higher LTV.
Express.co.uk
HSBC announces ‘big’ change to mortgage criteria to help ‘boost’ property marketHSBC’s criteria switch-up has been largely met with praise from mortgage brokers.
Express.co.uk
Barclays and HSBC set to unleash mortgage interest rate cuts within hoursThe reductions follow a number of small cuts by other lenders in recent days, such as Halifax, Santander and NatWest.
inews.co.uk
NatWest becomes latest major lender to cut mortgage ratesMortgage rate cuts follow other lenders including Halifax, HSBC, Barclays and Coventry Building Society slashing prices in recent weeks
Express.co.uk
Win for home buyers as NatWest boosts the amount it will lend on new propertiesThe maximum loan it will allow on a house in terms of loan to value (LTV) is going up from 85 percent to 90 percent.
Sky News
Big high street lender cuts rates in 'starting pistol for summer deals'HSBC is the latest lender to announce a wide range of mortgage rate cuts as swap rates improve.
What Mortgage
Barclays slashes mortgage rates: More lenders expected to followBarclays has cut rates on a selection of mortgages and brokers think more lenders will follow in its footsteps and reduce prices this week.
Birmingham Live
Barclays announces new rules for customers in ‘huge relief’ for account holdersProducts with the biggest cuts include a two-year fixed with £899 product fee - 60 per cent loan-to-value (LTV), min loan £5k, max loan £2m
Express.co.uk
Barclays cuts mortgage rates sparking hopes others will followThe reductions come despite the fact the Bank of England refused to cut the base rate from its 16 year high of 5.25 percent last week.
Sky News
Barclays reducing fixed rate deals - and more lenders could followBarclays has announced rate reductions across a number of its mortgage deals, with brokers suggesting more lenders could follow suit in the coming days.
Evening Standard
Barclays cuts mortgage rates in move likely to be followed by rivalsThe move follows an easing of swap rates in the City ahead of an expected Bank of England rate cut in August
Express.co.uk
Credit card debt surges by almost £5bn as punishing rates send bills spirallingPeople who are relying on credit card to cover everyday expenses, such as food, clothes and energy, are facing punishing interest rate bills.
FTAdviser
NatWest has ‘broken the mould’ with latest rate cutNatWest has broken the mould by making changes to its product pricing, according to Samuel Mather-Holgate, IFA at Mather and Murray Financial.
Express.co.uk
Inflation plunge fuels property market experts’ hopes of interest rate cutThere is some pessimism that the Bank’s Monetary Policy Committee (MPC) will answer the call to cut the cost of borrowing and mortgages when it announces its decision tomorrow.
Express.co.uk
Key reason Bank of England pressured to cut interest rates before electionThe key ECB rate has come down to 3.75 percent which compares to 5.25 percent figure in the UK.
Express.co.uk
What General Election could mean for housing market from landlords to tenantsLabour has indicated it will back a ban on no fault evictions of tenants, while the party is also under pressure to allow councils in some areas to introduce a cap on rents.
The Independent
UK inflation falls less than expected to 2.3% in AprilGetting inflation down to 2 per cent is a key target for the Bank of England
Express.co.uk
Credit card spending spirals with surge in use for essentials across UKThe rise, which equates to 9.5 percent, suggests more of the nation are effectively living on borrowed money.
The Intermediary
Ultra long mortgages FOI “highlights the bind many borrowers are in at present” - The Intermediary - Latest UK mortgage newsIn the last quarter of 2021, nearly a third - 31% - of new mortgages had an end date beyond the state pension age.
FTAdviser
First time buyers’ 99% mortgage with £5k deposit launchedA 99 per cent mortgage product for first time buyers has been launched by Yorkshire Building Society and Accord mortgages.
The Telegraph
Mortgage rates to drop below 4pc ‘within weeks’Improved deals are imminent after inflation slowed to 3.4pc in February
Bloomberg
London Home Rents Surge at Record Pace to Over £2,000 a MonthLondon home rental costs jumped at a record pace in February, adding almost £200 a month to their payments, official figures showed in a report that highlights the scale of the capital’s housing crisis.
The Intermediary
Total number of individual and company insolvencies rise in February, data revealsThe number of registered company insolvencies in February 2024 was 2,102, 17% higher than in the same month in the previous year.
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.
Sky News
Money blog: Coventry Building Society cuts mortgage rates - and ‘others will follow’Coventry Building Society has responded to falling swap rates by announcing cuts to most of its mortgage rates. Read this and all the latest consumer and economic news in the Money blog. Leave your money...
The Intermediary
Coventry for Intermediaries “leads the march” with mortgage rate reductionsIn its residential range, the lender will be withdrawing all of its fixed rates at 80% loan-to-value (LTV) for new borrowers.
The Intermediary
UK economy sees 0.2% growth in January – ONSReal GDP was estimated to have fallen by 0.1% in the three months to January 2024, compared with the three months to October 2023.
The Intermediary
Annual pay growth slows to 6.1% in January – ONSIn light of labour market data, Newspage asked experts when the Bank of England should cut the base rate — and if a cut may now come sooner.
FTAdviser
Lenders withdrawing rates with minimal notice ‘not fair’Lenders withdrawing rates with only a couple of hours’ notice is “not fair on consumers or on brokers” and goes against consumer duty, according to brokers.
Evening Standard
Nationwide swoops on Virgin Money in controversial £2.9 billion dealDeal lands £414m windfall to Richard Branson’s Virgin Group
The Intermediary
House prices up for fifth month on the spin, HalifaxThe UK housing market sees a steady start to 2024 with a consistent rise in house prices, as industry experts call for interest rate cuts to sustain growth and support homebuyers.
Introducer Today
Experts slam lenders for ultra-short notice repricing of mortgage productsExperts slam lenders for ultra-short notice repricing of mortgage products
FTAdviser
Govt reportedly scraps 99% mortgage scheme after concernsBrokers have said the government’s proposed 99 per cent mortgage scheme “would never have ended well” following reports the idea has been scrapped. government insiders report...
The Intermediary
Plans for 99% mortgages apparently scrapped - reaction from brokersThis comes following January reports that the Chancellor was set to introduce 1% deposit, or 99% loan-to-value (LTV) mortgages as part of the upcoming Spring Budget.
The Intermediary
House prices see 0.7% rise in February – NationwideThe average house price was recorded at £260,420, compared to a slightly lower figure of £257,656 in January.
Sky News
Money latest: ‘Major uncertainty’ among borrowers amid mortgage ‘wave machine’Brokers are saying the shift upwards in mortgage rates is affecting what had initially looked like a bright start to 2024. Read this and more in the Money blog, your place for consumer and economic news....
Property Industry Eye
What impact will government’s 1% deposit mortgage scheme have on the housing market? - Property Industry EyeWhat impact will government’s 1% deposit mortgage scheme have on the housing market? - Breaking news for estate agents and the residential property industry. Independent, unbiased, and factual reporting....
The Intermediary - Latest UK mortgage news
“Waiting for US to cut rates first risks destroying UK economy” – brokersNewspage asked a selection of financial services experts how they would you rate the Bank of England’s performance over the past two to three years
inews.co.uk
Dutch-style mortgages - what are they and are they all they’re cracked up to be?The mortgages will see homeowners’ interest rates fall as they pay off their loan or their property increases in value
This Is Money
Barratt snaps up Redrow for £2.5bn - will prices rise?Advocates of the deal suggest it will help bolster Britain’s need for huge numbers of new homes, while others allege competition in the sector could be reduced, which could push up prices.
FTAdviser
Govt cannot expect people to pay mortgage if ministers struggleBrokers have questioned how the government expects households to cope with increased mortgage costs if minsters themselves are struggling.
Birmingham Live
Nationwide issues £1,499 message to customers and says ‘this means’The UK’s largest building society has moved to confirm it is introducing a new range of fixed and tracker rate products today (January 23).
FTAdviser
Govt considers ‘radical approach’ to homeownership with 1% mortgagesThe UK government is exploring a 'radical approach to dismantling the towering barriers to homeownership' by offering 1 per cent mortgages, according to the Mortgage Uni mortgage expert, Peter Stamford.
The Independent
Mortgage and credit card default rates jumped in run-up to ChristmasMortgage defaults expected to get ‘even worse’ over the coming months as high interest rates pile ‘immense’ pressure on households
The Mirror
Bank of England warns of mortgage and credit card debt crisis as defaults riseThe Bank of England has warned that default rates on mortgages and credit cards are rising - and are expected to increase further in the coming months
The Independent
Mortgage and credit card default rates jumped in run-up to Christmas – lendersDefault rates on mortgages and other types of lending are expected to increase in early 2024, according to a Bank of England survey of lenders.
Birmingham Live
NatWest announces new rules for mortgage customers ‘from today’NatWest says the changes - announced on Monday - are for new and existing customers, taking its best deals below 4% in line with its competitors.
The Independent
Price war erupts as six of seven major mortgage lenders slash ratesTop mortgage broker says major lenders are now engaged in a price war as rates dip below 4 per cent
FTAdviser
Santander updates affordability calculator following NI reductionSantander’s update to its affordability calculator shows it is “willing to fight for business beyond simply interest rates”, according to Barnsdale Financial Management principal adviser,...
Evening Standard
NatWest boss criticised for ‘extremely out of touch’ remarks on buying a homeSir Howard Davies later said he ‘did not intend to underplay the serious challenges’ facing people when buying a home.
The Independent
Halifax cuts mortgage rates in new hope for home buyersBritain’s biggest lender kickstarts 2024 by slashing rates by nearly 1 per cent
The Intermediary - Latest UK mortgage news
Bank of England slammed as UK stands on brink of recessionBrokers have accused the Bank of England of strangling the UK economy as new data shows that GDP shrank in the third quarter of the year.
FTAdviser
Recession fears arise as GDP fallsRecession fears have increased as the UK’s third quarter GDP was revised to an estimated fall of 0.1 per cent.
Yahoo Finance
Interest rates could be cut by March, City markets predictBut the Bank of England has been warning that rates may stay higher for longer than traders hope
Evening Standard
Interest rates could be cut by March, City markets predictBut the Bank of England has been warning that rates may stay higher for longer than traders hope
The Independent
What does Bank of England interest rates decision mean for my mortgage and savings?‘Green shoots’ already appearing in housing market, expert suggests as market eyes rate cuts next year
Evening Standard
Average UK house price jumped for second month in a row in November – HalifaxAcross the UK, property values jumped for the second month in a row, rising by 0.5% in November, or £1,394 in cash terms.
The Irish News
Average UK house price jumped for second month in a row in November – HalifaxAcross the UK, property values jumped for the second month in a row, rising by 0.5% in November, or £1,394 in cash terms.
The Independent
Average UK house price jumped for second month in a row in November – HalifaxAcross the UK, property values jumped for the second month in a row, rising by 0.5% in November, or £1,394 in cash terms.
Yahoo Finance
Barclays offers 90% mortgage with sub-5% interest rate after slashing prices twice in four daysOther lenders to announce cuts today include TSB and Accord
Evening Standard
Barclays offers 90% mortgage with sub-5% interest rate after slashing prices againOther lenders to announce cuts today include TSB and Accord
Birmingham Live
Barclays announces new mortgage rates and has ‘blown the door off’The headline grabbers, brokers said, were with Barclays, which revealed a 5-year fixed rate purchase mortgage
FTAdviser
Barclays rate reduction will ‘fire up’ the high streetBarclays’s announcement of the first sub-5 per cent 2-year fixed remortgage product in months will “fire up the rest of the high street”, EHF Mortgages managing director, Justin Moy,...
Introducer Today
It’s War - Lenders compete on price as sub-4% rates look likelyIt’s War - Lenders compete on price as sub-4% rates look likely
London Property News
Barclays to ‘fire up rest of High Street’ with first sub-5% 2-year fixed remortgage productBarclays has just announced the first sub-5% 2-year fixed remortgage product for months, which will go live on Friday. Brokers said it would fire up the rest of the High…
Mortgage Solutions
Brokers lament lack of stability after housing minister sacking ‒ analysis - Mortgage SolutionsThe revolving door of the housing minister is actively harming the sector, holding back the chances of building enough homes, brokers have argued.
Gloucestershire Live
Inflation drop ‘fantastic’ news for people taking out a mortgageMortgage brokers said the substantial drop was great news for people taking out or renewing a mortgage as lenders battle for their business
Wales Online
‘Fantastic’ inflation drop ‘as good as it gets’ for borrowersMortgage brokers said the substantial drop was great news for people taking out or renewing a mortgage as lenders battle for their business
The Intermediary
Stamp duty cuts in Autumn Statement: “Idiotic doesn’t do it justice”With the Treasury considering cuts to stamp duty in the Autumn Statement, or at least before a General Election, experts are divided on the move, with some welcoming it, but many more ridiculing it as...
Express.co.uk
UK economy doom as GDP flatlines and there is ‘no credible plan to save it’EXCLUSIVE: The economy is in trouble and there is no credible plan to save it, a small business owner has said.
The Intermediary - Latest UK mortgage news
Wales Help to Stay scheme: “Help to Stay but of what - execution?” - brokers reactBrokers have expressed their concerns around a new ‘Help to Stay’ scheme launched in Wales, with one saying “Help to Stay but of what - execution?”.
Introducer Today
King’s Speech This Week - leasehold reform backed by mortgage bossesKing’s Speech This Week - leasehold reform backed by mortgage bosses
Birmingham Live
‘Music to ears’ warning issued to anbody with Lloyds, HSBC, Natwest mortgageThe Chair invited the Committee to vote on the proposition that Bank Rate should be maintained at 5.25 per cent.
FTAdviser
Leasehold reforms ‘good news’ for ‘more transparent’ sectorRecently confirmed leasehold reforms are “good news for people who want a clearer and more transparent housing sector”, Moor Mortgages director, Peter Stamford, has argued.
The Independent
17% annual slump in home sales in September – HMRC figuresAcross the UK, an estimated 85,610 home sales took place in September 2023, which was also 1% lower than in August, HMRC said.
The Intermediary
Wage growth slowing quickly enough for the Bank of England to keep interest rates at 5.25% next month, economistsThe deceleration in wage growth is expected to influence the Monetary Policy Committee’s (MPC) decision on the Bank Rate next month, according to economics research firm Pantheon Macroeconomics.
Financial Reporter
Metro Bank secures £925m rescue packageThe Bank is also in discussions regarding the sale of up to £3bn of residential mortgages.
The Intermediary
Metro Bank secures financing with £325m capital raise and £600m debt refinancingIt said the funding would provide the opportunity to grow its specialist mortgage lending operation over the coming years.
FTAdviser
Mortgage price war is ‘over’ as investors mark down BoE expectations“The mortgage price war is over”, Mather and Murray Financial independent financial adviser, Samuel Mather-Holgate, has argued as investors mark down their bank rate expectations.
Financial Reporter
Halifax announces further cuts to mortgage ratesHalifax has launched a sub-6% deal at 95% LTV as part of the changes.
FTAdviser
Halifax reducing fixed rates a ‘lifeline’ for first time buyersHalifax’s latest fixed rate cut is a “lifeline for first-time buyers”, The Mortgage Expert’s Darryl Dhoffer has claimed.
Sky News
Cost of living latest: Major lender to cut mortgage rates twice in a weekHalifax is set to reduce its mortgage rates on Friday - the second reduction in a week.
BirminghamLive
Halifax issues 48-hour message to customers and it’s a ‘lifeline’One broke described the rates as “a lifeline for first-time buyers”.
The Intermediary
Halifax makes further mortgage rate reductionsBrokers told Newspage that this was a “lifeline for first-time buyers.”
Bridging & commercial
Mixed reactions to weak house price growth: ‘people are sitting on their hands’House prices in September have not changed since August but remain down by 5.3% year-on-year by around £14,500, according to the latest Nationwide HPI.
The Intermediary
Brokers respond to Jeremy Hunt’s speech at Conservative Party ConferenceBrokers and business owners have criticised the length and substance of Jeremy Hunt’s speech at the Conservative party conference.
Mortgage Professional
NatWest to cut rates once againIt will also introduce new products under its new business range
Introducer Today
Brokers Slam NatWest For ‘Not Acting In Consumer Interest’Brokers slam NatWest for offering a sub-5.0% mortgage rate directly to consumers, bypassing brokers.
BirminghamLive
HSBC issues 24-hour message to any customer with a mortgageThe high street banking giant will cut rates for existing residential customer switching and borrowing, residential first-time buyers and home movers, residential remortgagers and residential remortgage...
BirminghamLive
NatWest slapped with complaints over ‘disgusting practice’NatWest has come under fire for the move with brokes branded it “short-sighted”.
FTAdviser
BoE interest rate hold marks ‘new chapter for UK mortgage lending’The Bank of England’s decision to hold interest rates is “quite simply fantastic news”, according to R3 Mortgages founder and director, Riz Malik.
Evening Standard
Interest rate hike pause ‘offers some relief to those struggling with mortgage costs’The rate pause brings relief to mortgage holders but some finance experts suggested the best cash savings deals may not be around for much longer.
The Telegraph
‘Light at the end of the tunnel’ as mortgage rates expected to fall furtherSurprise drop in inflation could mark peak in interest rates
FTAdviser
Latest inflation data is ‘signal’ to hold interest ratesThe latest inflation data will “signal” to the Bank of England to hold interest rates at their current level and “kickstart the property market”, according to one broker.
BirminghamLive
Virgin Money issues 24-hour warning to anybody with an accountAccord have also today announced another wave of fixed rate cuts across their residential range, with up to 0.48% off their highest loan-to-value products.
FTAdviser
Return of more sub-5% mortgage rates ‘now looking imminent’The return of the sub-5 per cent five-year residential fixed rate is “now looking imminent” Coreco managing director, Andrew Montlake, has argued.
BBC News
Value of UK mortgage arrears jumps by a third - BBC NewsThe value of mortgage arrears jumped by almost 30% as interest rates increase.
Property Investor Today
Mortgage Top Slicing may be saviour of Buy To Let InvestmentMortgage Top Slicing may be saviour of Buy To Let Investment
Yahoo Finance
Value of mortgage balances with arrears rises by 28.8%Strong wage growth could help to slow home repossession rates, experts said.
Forbes
Mortgage News: Nationwide Leads Latest Wave Of Cuts To Fixed-Rate DealsWe have a suite of mortgage calculators to help you work out how repayments will affect your household finances, what you could save by remortgaging, and t
FTAdviser
Limited company structure keeps landlords afloatLandlords looking to make ends meet amid a tight tax structure and rising interest rates are increasingly turning towards company structures, and many are growing their portfolios.
FTAdviser
Top slicing BTL applications is a ‘game-changer’The launch of top slicing on buy-to-let applications by BM Solutions could be a “game-changer in buy-to-let applications”, according to R3 Mortgages founder and director, Riz Malik.
The Intermediary
“Positive news for borrowers” - brokers react to Bailey’s signalling of a potential slowdown of base rate increasesAndrew Bailey, the Governor of the Bank of England, said that the UK is transitioning from a phase of necessary rate increases to nearing the peak of the cycle.
Financial Reporter
BM Solutions introduces top slicing on buy-to-letTop slicing will be available to non-portfolio landlords with total income above £100,000.
Your Money
Mortgage prices set to drop as base rate peak approaches - Your MoneyLenders are expected to continue cutting mortgage rates following comments from the Bank of England’s governor which suggested the base rate was nearing its peak.
Mortgage Solutions
The Mortgage Works cuts select limited company rates and adds five-year fixes - Mortgage SolutionsThe Mortgage Works (TMW) has reduced rates across select limited company mortgages by as much as 0.5 per cent.
The Intermediary
The Mortgage Works cuts selected limited company ratesThe reductions include a 2-year fixed rate at 5.99%, with a 3% fee, available up to 75% LTV.
BirminghamLive
HSBC issues 24-hour warning to anybody with an account and ‘it starts tomorrow’HSBC is making changes to its residential first time buyer and home mover offerings, as well as decreating rates for existing residential customer switches.
The Intermediary
“Down-valuations are becoming the norm” – property experts revealSuccessfully appealing these valuation decisions is often extremely difficult, particularly given the current climate.
Daily Record
Nationwide announces change starting today that affects anybody with an accountThis warning has been issued to anyone with New Business, Switcher, Additional Borrowing and Existing Customers Moving Home accounts.
This is Money
How much more will house prices fall in the UK?House prices have fallen at the fastest pace in the last 12 months since 2009, the latest Nationwide data shows - but where will they go next?
B&C
‘The housing market has gone into hibernation’ – industry reacts to sharpest house price decline since 2009Nationwide’s latest HPI report shows that house prices fell by 0.8% month-on-month in August, with prices 5.3% below the peak in August 2022.
BirminghamLive
Nationwide issues warning to anybody who owns house and says ‘it’s unsurprising’The average UK house price fell in August at the sharpest annual rate seen in 14 years, according to an index.
Express.co.uk
Mortgage expert accuses Bank of ‘failing the British public with every rate rise’The Bank has already raised its base rate 14 times in a row. The Monetary Policy Committee (MPC) has steadily raised rates from 0.1 percent in December 2021 to 5.25 percent and is expected to vote for...
BirminghamLive
Nationwide issues 24-hour warning to anybody with an accountThis includes rates across the New Business, Switcher, Additional Borrowing and Existing Customers Moving Home range.
This Is Money
Consumers warned of unexpected cuts to credit card limitsThe effective interest rate on credit cards jumped by 34 basis points to a new record high of 20.76% in July, new data from the Bank of England shows.
Mortgage Solutions
Coventry BS and Accord Mortgages adjust ratesCoventry Building Society has made a series of rate cuts across its mortgage products.
The Intermediary
Product transfers hit record high in Q2 - UK FinanceQ2 2023 saw 84% of remortgaging deals being internal product transfers.
BirminghamLive
Barclays issues 24-hour warning and says ‘it starts tomorrow’The high street banking giant says cuts are coming across its Residential and Buy to Let new lending and Reward ranges.
The Intermediary
Barclays to make further mortgage rate cutsThe lender will be reducing its 2-year fixed 60% loan-to-value (LTV) product from 6.13% to 5.98%.
Financial Reporter
NatWest cuts buy-to-let stress ratesBrokers discussed why NatWest is taking a different path from Santander.
FTAdviser
Santander tightening buy-to-let affordability ‘disaster’ for marketSantander increasing its interest cover ratio calculations is a “disaster for the buy-to-let sector” and could lead to a “housing crisis in the making”, one broker has claimed.
FTAdviser
PMI data ‘dire’ for economy but good for mortgage holdersRecent data from the purchasing managers’ index gave a “dire” outlook for the economy, but could “spell good news” for mortgage holders, Shaw Financial Services founder, Lewis Shaw, has claimed.
Financial Reporter
Energy efficiency not important for home buyers, brokers sayMost brokers said that none of their clients considered a property’s energy rating as a primary concern.
The Intermediary
TSB latest lender to announce rate cuts, as swaps edge downWith 2- and 5-year swap rates also coming down over the past 24 hours, brokers welcomed the move by the TSB, albeit with caveats.
Financial Reporter
TSB announces rate cuts as swaps edge downBrokers welcomed the latest rate cuts, but noted that the next rate rise decision from the Bank of England would be crucial in the future path of mortgages.
Landlord Today
Mortgage lenders slammed for ‘daylight robbery’ on BTL arrangement feesLandlords and brokers are up in arms about alleged profiteering by buy to let mortgage lenders’ arrangement fees.
Mortgage Professional
How is the buy-to-let mortgage market performing?Brokers weigh in on the current landscape
Mortgage Strategy
Barclays cuts mortgage rates by 0.3% – Mortgage StrategyBarclays has announced a reduction in certain mortgage rates across its residential, buy-to-let and Reward ranges starting from tomorrow (August 15th) - with notable decreases of 0.3% for product transfers...
inews.co.uk
Mortgage ‘mini price war’ heats up as Barclays becomes final major lender to drop ratesBarclays has joined all the other major lenders in dropping its mortgage rates
Evening Standard
Barclays mortgage rate cut means ‘Big Six’ have all lowered prices within a weekThis week’s inflation announcement may determine if rates keep fallling or start rising again
Estate Agent Today
Good economic news could be bad for housing market - warningExperts are warning that the weekend’s better than expected economic news could indirectly hurt the housing market.
FTAdviser
Buy-to-let arrangement fees ‘border on profiteering’Buy-to-let arrangement fees “border on profiteering” and are causing “extreme financial distress” to landlords, according to one broker.
The Intermediary
Landlords accuse lenders of ‘daylight robbery’ on buy-to-let arrangement feesOne landlord has described the fees as daylight robbery, while another said the fees “border on profiteering, as they are causing extreme financial distress to landlords.”
Daily Mail
Number of landlords falling behind with mortgage payments rises 41%Experts warned landlords may either increase rents to help cover their monthly mortgage shortfall, or even sell their properties and quit buy-to-let altogether.
The Telegraph
Bank of England rate rises push mortgage costs up by a fifthBleak outlook for landlords as many fall behind on repayments
Express.co.uk
Halifax will slash fixed mortgage rates despite base rate increaseHSBC and TSB have also reduced selected fixed rate mortgage products in recent weeks.
The Guardian
NatWest and Virgin Money cut rates as mortgage ‘price war’ spreadsBig lenders become latest to reduce borrowing costs, joining four other UK home loan providers this week
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.
Evening Standard
‘It gets better and better’ — Natwest is latest major lender to cut mortgage ratesNatwest follows Halifax, HSBC, Nationwide and TSB, among others, in bringing its rates back down after a wave of increases
Your Money
Mortgage arrears and house repossessions surge as rate rises hit home - Your MoneyAround 81,900 homeowner mortgages are in arrears of 2.5 per cent or more of the outstanding balance in the second quarter of the year.
Mortgage Solutions
Arrears rise seven per cent with surge in BTLAround 81,900 homeowner mortgages are in arrears of 2.5 per cent or more of the outstanding balance in the second quarter of the year.
The Independent
Banks offer relief for homeowners as mortgage rates slashedPredictions of ‘price war’ good news for first-time buyers and hard-pressed mortgage holders
The Intermediary
Halifax to introduce rate cuts across 5-year fixed rate productsThe move aligns with other lenders’ decisions (namely HSBC and TSB) to decrease selected rates, despite the latest hike in the base rate to 5.25% last week.
Financial Reporter
HSBC cuts mortgage rates and reintroduces cashbackRates have reduced by up to 0.35%.
Yahoo Finance
Major lenders poised to reduce some mortgage ratesNationwide Building Society, HSBC UK and TSB are expected to cut some home loan rates from Wednesday.
The Sun
Lenders CUT mortgage rates despite Bank of England hike - what it means for youA NUMBER of big lenders are set to slash mortgage rates despite the Bank of England’s (BoE) recent base rate hike. Nationwide, HSBC and TSB are poised to make reductions on their products fro…
FTAdviser
BoE’s appointment of former Fed chair for review is ‘humiliating’The appointment of US Federal Reserve ex-chairman, Ben Bernanke, to oversee a review of the Bank of England’s economic forecasting is “frankly humiliating”, R3 Mortgages founder and director, Riz Malik,...
Mortgage Professional
Bank of England interest rate reaction – brokers give their verdictMany believe small businesses will feel the full force of this decision
Sky News
Cost of living - latest: House prices see biggest drop for 14 years - as experts predict what happens nextThe closely watched Nationwide House Price Index shows the biggest annual drop in prices for well over a decade - at 3.8%.
FTAdviser
Action to treat brokers fairly will lead to better client outcomesA initiative to treat brokers fairly, unveiled by Tandem Bank, will “ultimately result in better outcomes for clients as well”, one broker has said.
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.
inews.co.uk
Mortgage rates may fall further as Bank of England nears end of interest hikes, experts predictFears over a house price crash also recede as buyers begin to return to the market, according to new official figures
This Is Money
Property transactions remain subduedThe number of homes bought and sold dropped in June compared to the same month last year, according to the latest Government data, as household finances remain under pressure.
The Intermediary
Property transactions dip year-on-year but show monthly recovery in June, HMRCThe latest HMRC data on residential and non-residential property transactions in the UK for June 2023 shows a mixed picture of declining yearly growth but an increase in monthly activity.
The Independent
House sales down by 15% in June compared with same month in 2022Home transactions were 6% higher in June than in May, but this may be explained by a higher number of working days in June, HMRC said.
FTAdviser
Brokers: 40-year mortgages are ‘bonkers idea’Brokers have claimed that 40-year mortgages are a “bonkers” idea that will leave customers “more vulnerable” to interest rate changes.
Evening Standard
Homeowners hope mortgage rates have peaked as Nationwide cuts pricesNationwide joins HSBC and Barclays among top lenders in lowering its rates
CityAM
Nationwide and TSB reduce rates on mortgage dealsNationwide and TSB joined HSBC in reducing rates on a range of mortgage products today, as rates on mortgages continued to come down after last week’s inflation reading.
Evening Standard
Homeowners hope mortgage rates have peaked as Nationwide cuts pricesNationwide joins HSBC and Barclays among top lenders in lowering its rates
Introducer Today
Interest rates WILL go up next week … and maybe after thatInterest rates WILL go up next week … and maybe after that
FTAdviser
HSBC becomes first high street lender to reduce ratesHSBC has become the first high street lender to announce it will be reducing rates on a number of its fixed-rate products, after better than expected inflation data.
Portal G7
As taxas de hipoteca sobem novamente para superar o pico do mini-orçamento de Liz TrussProprietários de casas enfrentam novos problemas com as hipotecas depois que as taxas ultrapassaram o pico observado após o desastroso chamado mini-orçamento
Portal G7
O Banco da Inglaterra alertou que as taxas de juros de 7% enviariam uma onda de choque ao mercado imobiliárioO Banco da Inglaterra foi avisado que aumentar as taxas de juros para 7% pode causar ondas de choque no mercado imobiliário britânico e fazer cair os preços
The Telegraph
Barratt slashes housebuilding plans as fears grow over Gove’s targetMPs warn that Government will fall short of promised 300,000 homes a year
The Independent
Bank of England warned 7% interest rates would send shock wave through housing marketA leading economist says there is ‘no need to panic’ as Britain is ‘not in an 07-08 scenario’
Sky
Biggest increase in mortgage defaults since 2009, survey of lenders findsThe Bank of England’s Credit Conditions Survey also reported that firms expect demand for mortgages to drop in the third quarter. It comes amid growing concern over the cost of mortgages for many households.
Mortgage Strategy
Cover feature: Brokers call for fair warning – Mortgage StrategyWhat do we want? Twenty-four hours’ notice for product withdrawals. When do we want it? Now! The message from the broker community is loud and clear when it comes to lenders’ last-minute product pulls....
Moneyweek
ONS: House price growth flattens in MayA fall in house price growth has wiped £7,000 off September 2022’s peak. Meanwhile, private rental prices are rising at their fastest rate for seven years
FTAdviser
Mortgage rate reductions unlikely despite inflation dataA “flurry” of mortgage rate reductions are still unlikely even after the better than expected inflation data published this week, according to Windsor Hill Mortgages director, Elliot Cotterell.
Manchester Evening News
Average UK house price is £7,000 below last year’s peakThe average UK house price in May 2023 was £286,000
Evening Standard
Average UK house price is £7,000 below peak seen last SeptemberProperty values increased by 1.9 per cent annually in May this year, compared with a 14.1 per cent annual uplift seen in July 2022
IFA Magazine
Land Registry May house price index - “downward pressure on house prices was inevitable” - reactionFollowing the May Land Registry house price index published this morning, industry experts have shared their thoughts about the data with IFA Magazine. It’s be
Express.co.uk
Britons to suffer US-style crash as UK housing market ‘a total omnishambles’EXCLUSIVE: Borrowers in Britain and the US are suffering as mortgage rates climb and house prices fall.
Mortgage Solutions
Lenders expect mortgage defaults to rise in Q3 – BoE - Mortgage SolutionsMortgage lenders have reported that losses and defaults rose in Q2 and this is expected to go up in Q3.
Property Industry Eye
‘Glimmer of hope’ for borrowers as mortgage rates may be nearing peak - Property Industry Eye‘Glimmer of hope’ for borrowers as mortgage rates may be nearing peak - Breaking news for estate agents and the residential property industry. Independent, unbiased, and factual reporting. A forum for...
FTAdviser
‘Too early to tell’ whether swap rates are on way downIt is “too early to tell” whether swap rates are on the way down Large Mortgage Loans founder and CEO, Paul Welch has stated.
The Independent
Mortgage defaults expected to increase in months ahead, say lendersThe availability of mortgages is expected to decrease by the end of August, according to the Bank of England’s credit conditions survey.
The Independent
Mortgage rates soar again to surpass Liz Truss mini-budget peakAs the Bank of England’s recent rate hikes push up the cost of borrowing, average two-year fixed-rate deals reached 6.66 per cent
Evening Standard
Two-year mortgage rates hit 15-year high of 6.66%The current rate is higher than in the wake of the mini-Budget
Financial Reporter
Brokers reveal biggest ‘pet peeve’ with networksBrokers shared positive and negative experiences of partnering with networks.
The Times
Five-year mortgage rates average 6% for first time since Truss fiascoThe average five-year, fixed-rate mortgage has topped 6 per cent for the first time since November as banks and building societies continue to push up rates. F
Financial Reporter
Average five-year fix surpasses 6% - brokers reactBrokers noted that rates are still available below 6% but predict rates to rise further.
The Intermediary
UK inflation rate stands at 8.7%, highest since 1981Meanwhile, the core inflation rate, which excludes volatile elements like energy and food costs, reached its highest level since 1992.
The Guardian
Sunak says no extra help with mortgages as fixed rates climb to 6%Prime minister says no new support available for households struggling to pay loans
Daily Mail
TSB gives just four hours before withdrawing mortgage productsTSB has today given less than four hours notice before discontinuing a selection of its mortgage products, irking brokers.
The Independent
Government urged to end ‘mortgage horror show’ as average two-year rate tops 6%Calls for intervention were made as the average two-year fixed-rate mortgage deal topped 6% for the first time this year.
The Telegraph
Sunak rejects extra mortgage support as two-year rate hits 6pc - latest updatesRishi Sunak has said there will not be any extra help given to people who are struggling with mortgage payments as the average two-year rate passed the 6pc mark for the first time since December.
The Guardian
Average two-year fixed rate mortgage deal hits 6% for first time this year, as Sunak rules out extra help – business liveAverage mortgage rates hit highest level since December, as asking prices for British homes fall in June for the first time in six years
Business Telegraph
HSBC temporarily withdraws mortgage deals for new borrowersHSBC has temporarily withdrawn mortgage deals for new borrowers due to a surge in demand ahead of expected rate rises. The bank said on Thursday it would remove all its “new business” residential and buy-to-let...
IFA Magazine
Are AirPods good or bad for office culture? Small business owners share their viewsUK newswire, Newspage, asked a selection of business owners, from HRs and marketers to mortgage brokers and IFAs, whether wearing AirPods in the office is ant
The Guardian
HSBC temporarily withdraws mortgage deals for new borrowersBank removes all its ‘new business’ residential and buy-to-let products after surge in demand
The Independent
HSBC pulls mortgage products for new borrowers ahead of rates hikeNationwide Building Society is hiking some fixed rates from Friday while HSBC UK has temporarily removed some products before relaunching on Monday
BBC News
HSBC withdraws mortgage deals for new borrowersThe bank said on Thursday it would temporarily pull new deals, indicating mortgage market pressures.
Mortgage Solutions
Support for 24-hour notice surges as HSBC and Nationwide make sudden withdrawalsHSBC and Nationwide have announced last minute mortgage withdrawals today, further fuelling pleas from brokers to extend product change notice periods.
Mortgage Professional
Big lenders announce mortgage product changesHSBC withdraws certain products, Nationwide adjusts rates
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
AOL
Mortgage mayhem: More lenders up interest rates on fixed dealsAverage rate on two-year fix rose from 5.72 per cent to 5.75 per cent on Tuesday
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...
Evening Standard
Mortgage mayhem: More lenders up interest rates on fixed dealsAverage rate on two-year fix rose from 5.72 per cent to 5.75 per cent on Tuesday
Mortgage Professional
UK house prices fall – what does it mean for the mortgage market?Brokers have reacted to Nationwide’s latest house prices data
FTAdviser
Brokers renew calls for mandatory rate withdrawal notice periodsFollowing the withdrawal of 10 per cent of mortgage deals in the past week, mortgage brokers have again called for mandatory notice periods from lenders.
This Is Money
House prices fell at fastest pace since 2009 in May, Nationwide saysProperty values fell by 3.4% annually in May, the biggest drop seen since July 2009 when an annual fall of 6.2% was recorded, according to Britain’s biggest building society.
Ilford Recorder
Housing market headwinds set to strengthen in near term, says NationwideAcross the UK, house prices fell by 0.1 month on month and by 3.4 annually in May, Nationwide Building Society said.
The Northern Echo
Housing market headwinds set to strengthen in near term, says NationwideAcross the UK, house prices fell by 0.1 month on month and by 3.4 annually in May, Nationwide Building Society said.
Evening Standard
Housing market headwinds set to strengthen in near term, says NationwideAcross the UK, house prices fell by 0.1% month on month and by 3.4% annually in May, Nationwide Building Society said.
Daily Mail
Jobs that may be ripped into 40p tax band if wages rise with inflationExperts expect inflation to increase prices by more than 9% by 2027, and if the amount people earn matches, those currently earning as little as £46,000 could be dragged into the higher band.
IFA Magazine
GDP Q1 data - “It’s more a question of how long we have left rather than how well we’re doing” - reaction from small businessesFollowing this morning’s GDP data, which showed GDP fell by 0.3% in March 2023, after showing no growth in February 2023, and grew by 0.1% in the three month
BBC News
First time buyers: how much can I borrow?With rents rising, more people are crunching the numbers to see if they can afford to buy.
The Telegraph
Children stuck living with parents until 24 after house price surgeNumber of millennials living under parents’ roof hits 4.9m in England and Wales
Mortgage Solutions
Skipton’s 100 per cent LTV product ‘welcome step in the right direction’Brokers have broadly welcomed Skipton Building Society’s track record mortgage product saying it could help a cohort of generation rent onto the property ladder and encourage more innovation in the sector.
Financial Reporter
Brokers support return of 100% LTV mortgagesSkipton launched a 100% LTV mortgage for renters this morning.
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.
Mortgage Strategy
Cover feature: Work in progress - WFH or back in the office? – Mortgage StrategyIt is just over three years since the first Covid lockdown. As the country was told, ‘Stay at home,’ the mortgage market, along with many other sectors, was forced into new ways of working. Teams and Zoom...
IFA Magazine
Fintech versus high street lenders - brokers deliver their verdict and identify pros and consNewspage®, asked mortgage brokers and financial services tech experts how fintech lenders compare to traditional high street lenders. The views of brokers
Mortgage Professional
How do high street and fintech lenders compare?Brokers examine the benefits of high street versus fintech lenders
Financial Reporter
What are the pros and cons of fintech vs high street lenders? - brokers reactBrokers were split on the potential strengths of fintech mortgage lenders.
Mortgage Solutions
Customers warned of ‘ambulance-chasing’ firms promising stamp duty refundsBrokers, lawyers and IFAs have warned customers of “ambulance-chasing” companies promising sizeable stamp duty refunds on a no-win no-fee basis.
Express.co.uk
High interest rates ‘temporary’ and may slide back to pre-Covid levelsAmid a period of surging mortgage rates, analysts predict interest rates are likely to revert to pre-pandemic levels.
The Intermediary
Interest rates to return to low levels once inflation calms, IMFThe IMF’s World Economic Outlook says rates are likely to head back to the historic lows if the country gets on top of inflation.
Newspage News
Warning shots fired by experts over Stamp Duty Refund Companies. Public likely to ignore…Countless empirical studies* have shown that it takes roughly 0.05 seconds for a human being of average intelligence to conclude that stamp duty refund companies have a bit of a whiff about them an…
Mortgage Solutions
Network data table: Stonebridge biggest gainer in battle for brokers ‒ analysisStonebridge saw the biggest growth in AR numbers among regular mortgage networks last year, new analysis has found.
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
Mortgage Solutions
Public’s trust in Martin Lewis ‘an opportunity’ for advisers ‒ analysisThe financial services industry is responsible for the lack of trust it enjoys from clients, compared with the likes of Martin Lewis, brokers have suggested.
The Intermediary
House prices drop for seventh consecutive month amid sluggish market activityHouse prices in the UK have recorded a seventh consecutive monthly decline, with prices down 3.1% year-on-year in March, Nationwide’s house price index for March has shown.
Your Money
Borrowers stuck on 7% default rates as Land Registry backlog ‘beyond a joke’ - Your MoneyHomeowners remortgaging their properties are coming off cheap fixes onto pricey standard variable rates of up to 7.5% because of big delays - up to two years - at HM Land Registry (HMLR).
Daily Express
Hope still for 2023 - Bank of England chief gives glimmer of optimismBank of England governor Andrew Bailey says despite raising interest rates, he is “much more hopeful” for the economy.
IFA Magazine
UK Inflation unexpectedly jumps to 10.4% in February - advisers and mortgage experts share their responsesWith the latest UK inflation data published this morning showing an unexpected jump to 10.4% to the end of February from 10.1% in January, it will not only give
The Intermediary
Credit Suisse acquisition by UBS “may be a saving grace for UK borrowers”Following the UBS acquisition of Credit Suisse, many are suggesting that the Bank of England may hold rates this week.
FTAdviser
UBS takeover of Credit Suisse spooks marketsGlobal markets opened lower this morning (March 20) as fears grow over the stability of the banking sector after UBS’s takeover of Credit Suisse was agreed.
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.
Daily Mail
Budget case studies: Britons react to Jeremy Hunt’s announcementsBritons were today reacting to Chancellor Jeremy Hunt after he said the UK will avoid entering a recession with the economy ‘proving the doubters wrong’.
Mortgage Professional
Worst time to buy a house in 150 years - reactionFirst-time buyers are being hit with the brunt of economic challenges
Financial Reporter
Will the latest GDP data influence next week’s rate rise decision?Brokers discussed what rate decision they believe the Bank of England will make.
Mortgage Professional
Offset mortgages – “customers eager to learn more”Market conditions are leading many to explore non-standard mortgage options
This Is Money
Landlords enjoy greater buy-to-let mortgage choiceThe number of buy-to-let mortgage products on offer has rebounded to levels last seen in August 2022, before the mini-budget sent borrowing markets into a frenzy.
IFA Magazine
Halifax February House Price Index - reaction from lenders, estate agents and brokersFollowing the Halifax February House Price Index announcement, brokers, estate agents and property experts have shared their thoughts with IFA Magazine via Ne
Mortgage Professional
Remortgaging landlords upping rental prices68% of landlords intend to increase rental prices when they remortgage
Mortgage Solutions
Boost building, review Rent a Room and tweak tax to improve housing stock useThe government needs to improve the incentives offered by the Rent a Room scheme, as well as crank up the level of housebuilding, in order to improve how efficiently we use our homes, brokers have argued.
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.
Mortgage Professional
Bank of England base rate – will it rise further?A host of industry experts chime in
Mortgage Strategy
Barclays completes acquisition of Kensington Mortgages – Mortgage StrategyBarclays Bank UK has completed the purchase of Kensington Mortgages for £2.4bn. Kensington, which has 600 staff and specialises in offering mortgages to the self-employed and borrowers with more complex...
Financial Reporter
Barclays Bank completes purchase of Kensington MortgagesThe acquisition allows Barclays to broaden its specialist mortgage offering.
FTAdviser
Advice firms show limited appetite for four-day working weekAdvice and mortgage firms have expressed scepticism and limited interest in rolling out a four-day work week, despite the success of the world’s largest trial.
Mortgage Professional
Lloyds publishes full-year resultsIt sets aside an impairment charge of £1.5 billion
Mortgage Finance Gazette
Purplebricks looking at sale on back of profit warning – Mortgage Finance GazettePurplebricks could be sold after the group warned that costs from a “turnaround plan” had proved higher than expected. In a statement released today, the U
Mortgage Strategy
Purplebricks considers sale after it announces profit warningPurplebricks could be sold after the group warned that costs from a “turnaround plan” had proved higher than expected. In a statement released today, the UK online estate agent said while its brand had...
FTAdviser
Brokers sceptical of calls for green stamp duty rebateMortgage brokers have said a stamp duty rebate to help homeowners retrofit their properties to make green home improvements is a good idea in principle but in reality is unlikely to be successful
GB News
Mortgage rates: New product offers rate of below four per cent - but you’re locked in for a decadeA new long-term deal will allow certainty for homeowners
Yahoo Finance
HSBC launches new 5-year deal as mortgage market hots upMORTGAGE brokers say the market for home loans is roaring back, with cheaper loans coming on every day. While the Bank of England is still signalling that interest rates should keep rising for the near...
Evening Standard
HSBC launches new 5-year deal as mortgage market hots upMortgage brokers say the market for home loans is roaring back, with cheaper loans coming on every day.
Mortgage Solutions
Mortgage pricing may hold steadyFixed mortgage interest rates could stay fairly stable despite today’s base rate increase, the industry has predicted.
FTAdviser
Lenders hike fees to ‘keep BTL profit machine churning’Lenders have been steadily increasing the arrangement fees charged on buy to let mortgages in recent weeks with brokers suggesting it is in an attempt to maintain profit levels and allow landlords to borrow...
FTAdviser
Mortgage approvals plummet furtherMortgage approvals fell for a fourth consecutive month in December 2022 reaching the lowest level seen since May 2020 during the first lockdown
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...
B&C
LIVE: Inflation falls to 10.5% and average house price drops slightly to £295,000 — industry reactsThe office for National Statistics (ONS) has revealed that the Consumer Price Index (CPI) has fallen to 10.5% in the 12 months to December 2022, down from 10.7% in November.
Mortgage Solutions
The eight watchwords that will define the mortgage market in 2023As we kick off a new year, Mortgage Solutions reveals the words that those in the industry think will characterize 2023.
Mortgage Solutions
First-time buyers will be ‘active’ this year despite headwindsFirst-time buyers will continue to be motivated this year to buy, possibly benefitting from falls in house prices.
Mortgage Solutions
Mortgage pricing: where are we now and what can we expect? - Mortgage SolutionsAverage rates for two and five-year fixed rates remain above five per cent, but brokers expect that the range of mortgage pricing could come down to three to four per cent this year.
Financial Reporter
What will happen to buy-to-let in 2023?Some mortgage brokers predict an exodus, while others believe next year could be an opportunity for savvy and cash rich landlords.
Mortgage Solutions
Next year will be ‘survival of the fittest’ for landlords unless lenders innovateDemand has been high for complex buy-to-let this year and expected to grow even more next year, but brokers have said product innovation is crucial to sustain this sector.
Mortgage Solutions
Rate cuts, the rise of PT and ‘suffering’ BTL: Broker expectations for 2023In anticipation for 2023, Mortgage Solutions talked to brokers to ask what their expectations are for next year and how brokers can prepare.
The Telegraph
Tears and tantrums for landlords and tenants as buy-to-let boom implodesWith interest rates still rising, many landlords are desperately trying to sell up
The Intermediary
Should the Bank of England raise interest rates later today? Brokers give their takeThe Bank of England is widely expected to increase interest rates by 0.5% today as the cost of living crisis continues to plague the country.
IFA Magazine
Should the Bank of England increase interest rates today? advisers and mortgage brokers give their verdictsIt is widely anticipated that, in their pursuit of trying to curb double-digit UK inflation, the Bank of England’s MPC will today decide to hike interest 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.
Financial Reporter
Mortgage brokers undergoing mental health training ahead of recessionNewspage asked brokers what they’re doing to help support clients who may be struggling emotionally as well as financially.
IFA Magazine
Mental Health training and mortgage advice: brokers going above and beyond to support clients’ needsYesterday, IFA Magazine highlighted the responses of a number of brokers to a report which linked depression to the cost of living crisis - including mortgage w
The Intermediary
Mental health training and mortgage advice: How are brokers supporting struggling clients?A report published by the ONS earlier this week revealed a clear link between depression and people struggling with mortgage and rent payments, energy bills, and increased personal debt.
IFA Magazine
Halifax Nov House Price Index: reaction from estate agents and brokersFollowing the Halifax November house price index announcement that highlighted that the UK housing market is continuing to slow, a selection of estate agents a
The Telegraph
House prices fall at fastest rate since peak of pandemicDownturn quickens as values fall for the third month in a row, Nationwide data reveals
The Intermediary
Annual house price growth slowed to 4.4% in November from 7.2% in OctoberNationwide’s seasonally adjusted measure of house prices fell by 1.4% month-to-month in November while year-over-year growth dropped to 4.4%, from 7.2% in October, well below the consensus, 5.8%.
Mortgage Solutions
Christmas has come early for mortgage activity, ‘but not in a good way’The mortgage market has gone ‘into hibernation’, with activity levels dropping below even those typically seen in this quiet period of the year, brokers have suggested.
Freelance Informer
Can creating a lifestyle business beat being a unicorn?Freelancers say striving to become a unicorn is not all it’s cracked up to be. Is becoming a lifestyle business a better choice?
FTAdviser.com
House price growth slows even further in NovemberHouse price growth has seen its largest monthly fall in over two years as growth drops from 7 2 per cent in October to 4 4 per cent in November
IFA Magazine
A lifetime mortgage rate starting with a 5? More2Life listens and acts following a mortgage broker’s requestIFA Magazine has heard of a fantastic example of lenders and brokers working together to try and find solutions for hard pressed borrowers in today’s challeng
FTAdviser.com
‘Try not to worry’ when remortgaging in negative equity, say brokersThere will be more people falling into negative equity as house prices are expected to fall but brokers have encouraged people to stay calm and speak to their lenders
Financial Reporter
What are the options for borrowers remortgaging in negative equity?Brokers discuss the impact of a reduction in house prices moving into 2023.
The Intermediary
To track or to fix? The Big Broker DebateWith mortgage rates now dropping back from recent highs should brokers be advising people to opt for the security of a fixed rate or a cheaper tracker or variable rate mortgage?
acast
What the Autumn Statement means for property and mortgagesJeremy Hunt announced a raft of tax measures and spending cuts in his first Autumn Statement. This CPD podcast explores what the new government’s Autumn Statement will mean for property sales, mortgage...
Mortgage Solutions
High LTV deals could drop amid expected house price falls – broker reactionMore 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.
Your Mortgage
Virgin Money pulls 5% deposit mortgagesThe lender has temporarily withdrawn its 95% mortgages to monitor market conditions, but could others follow?
Mortgage Solutions
Brokers say lenders ‘should be more like Coventry Building Society’ ‒ analysis - Mortgage SolutionsMore mortgage lenders should commit to minimum notice periods around product withdrawals, brokers have argued, following the lead of Coventry Building Society.
Mortgage Solutions
Property transactions hold up in October – HMRCSeasonally adjusted residential property transactions reached 108,480 in October, a 38 per cent rise on the same month last year.
FTAdviser.com
Property sales down 3% as industry prepares for deals to ‘plummet’Residential property transactions fell 3 per cent in October but developers anticipate house sales to plummet further in the coming months
Mortgage Solutions
US mortgage rates tumble – view from across the pondMortgage rates in the US have tumbled, according to Freddie Mac. Could the UK be about to follow its transatlantic cousin?
Mortgage Strategy
Autumn Statement: Industry reactionThe mortgage industry has reacted to the Autumn Statement this lunchtime, with some suggesting it will “restore confidence” while others claim areas of the sector “have been bypassed”. Lodestone Mortgages...
The Scotsman
’Landlording is no longer a viable investment strategy: property experts fear autumn statement could stifle BTL marketCuts to the capital gains allowance announced in the autumn statement could be “the final nail in the coffin” for small-scale buy-to-let owners, meaning such activity is “no longer a viable investment...
IFA Magazine
11.1% inflation figure makes ‘grim but unsurprising reading’As we digest the latest ONS inflation data published this morning, which showed UK inflation coming in at 11.1% for the twelve months to October - and which ha
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.
Mortgage Professional
Industry’s verdict as UK economy shrinks in Q3As GDP falls again, economic outlook for many businesses is ‘daunting’
Your Money
Fixed rate mortgage mayhem: Three alternatives to locking in a pricey deal - Your MoneyFixed rate mortgage deals jumped in the aftermath of the disastrous mini Budget, and while some homeowners rushed to lock in, others have taken out alternative mortgage deals.
Property Week
Stamp duty cut could reduce house price drop if it survives Autumn statementMortgage experts have predicted the cut in stamp duty could help lessen the blow to house prices if it survives the Autumn statement on 17 November.
Mortgage Solutions
‘Underrated’ offset mortgages are a key tool in the broker arsenal – analysisOffset mortgages could grow in popularity in the coming months and should be a more discussed tool in the broker arsenal.
FTAdviser.com
Lenders need to innovate to save BTL, brokers sayMortgage brokers have expressed frustration over the lack of innovation among mortgage lenders in the buy to let space with many in agreement that action is needed before things get worse
Mortgage Solutions
Five ways brokers are bridging the borrower knowledge gap – analysisBorrowers are as confused, nervous and disturbed by the state of the mortgage market as ever and brokers need to bridge that knowledge gap
IFA Magazine
Halifax October HPI: experts say the property market is not facing headwinds “but a hurricane”Below, a number of finance and property experts comment on the Halifax October House Price Index , which was published this morning: Jon Halbert, mortgage
The Sunday Times
Mix and match your mortgage deals to beat those rising ratesReluctant to lock into an expensive loan in an uncertain market? Hedge your bets a bit instead, says Imogen Tew
Southend Echo
Southend property expert says PM ‘may as well join I’m a Celeb’ if house prices fall by 30 per centA Southend property expert has said Rishi Sunak can “forget winning the next General Election” if house prices fall by almost a third.
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%.
Mortgage Finance Gazette
Stamp duty receipts and transactions robust in Q3: HMRCStamp duty transactions lifted by 10% in the third quarter of the year compared to the previous three months, according to HM Revenue & Customs, while
Mortgage Strategy
Stamp duty transactions and receipts rise in Q3: HMRCStamp duty transactions lifted by 10% in the third quarter of the year compared to the previous three months, according to HM Revenue & Customs, while receipts rose by 11%. The rise in transactions in...
FTAdviser.com
House prices fall for first time since July 2021House prices in the UK fell for the first time since July 2021 last month as the sector reckoned with the impact of September s mini Budget and the subsequent economic fallout
IFA Magazine
Nationwide October House Price IndexThe Nationwide October house price index has revealed a sharp slowdown in annual price growth. Below, a selection of mortgage and property experts share their t
Mortgage Solutions
Help to Buy will leave a ‘mixed legacy’ – analysisAs the Help to Buy scheme closes for new applications from today, brokers reflect on its legacy - the ups and the downs.
The Intermediary
House prices register first monthly decline since July 2021 - NationwideOn an annual basis house prices are still up 7.2%, albeit down from 9.5% registered in September.
Mortgage Solutions
Risk of limited company BTL mortgage prisoners on the rise ‒ analysis - Mortgage SolutionsThe changes to limited company buy-to-let mortgage products in the fallout from the mini Budget risk creating a swathe of landlord mortgage prisoners, it has been claimed.
Mortgage Strategy
Resignation of prime minister Liz Truss: Industry reaction | Mortgage StrategyLiz Truss’ resignation as prime minister has been welcomed by those within the mortgage sector with Staton Mortgages director Mike Staton suggesting she only made one correct decision during her time “and...
Mortgage Solutions
Mortgage professionals speak out after Liz Truss resigns – analysis - Mortgage SolutionsThe mortgage industry reacts with gallows humour, demands for an election and calls for economic stability after Liz Truss resigns as PM.
Mortgage Strategy
Inflation returns to double figures in September: ONS | Mortgage StrategyInflation in the UK was 10.1% in September, the latest data from the Office for National Statistics (ONS) shows. Housing and housing services, food and non-alcoholic beverages, and transport made the largest...
Express.co.uk
UK recession fears as inflation hits 10.1% after mini-budget chaosThe UK economy continues to come under huge pressure on a crucial day for Prime Minister Liz Truss.
FTAdviser.com
Mortgage lender pulls pre-offer rates as borrowers face 8% interestBluestone Mortgages made the decision last week to pull all its pre offer rates after telling brokers the scale of rises in swap rates had made its pipeline sub economic
Freelance Informer
Freelancers: get prepared for more fiscal U-turns, IR35 reform uncertainty - Freelance InformerThe new Chancellor Jeremy Hunt is not shy when it comes to giving bad news. So, freelancers should prepare for more fiscal changes
FTAdviser.com
Mortgage borrowers swallow early exit fees as rate rise fears growBrokers have noted a surge in borrowers spending thousands on early repayment charges in order to remortgage or transfer between products to change their interest rates before further rate rises take hold
FTAdviser.com
‘I keep thinking I will find Boris in the shower’UK economic woes are so bad right now that advisers feel they are either on the Titanic or in some terrible 1980s sitcom where they are trapped in a nightmare
Mortgage Solutions
‘Broker burnout’ is very real and the stress can ‘take its toll’ – analysis - Mortgage SolutionsAs part of World Mental Health Day, we spoke to a number of industry experts about stress, their own mental health and ‘broker burnout’.
Your Mortgage
Could rising mortgage rates lead to an increase in repossessions?Some mortgage experts think that arrears and repossessions will rise, although lenders will always support borrowers where they can
Financial Reporter
Will repossessions rise in 2023? - brokers reactWith rates rising sharply, energy bills soaring and many borrowers leveraged to the hilt, Newspage asked brokers whether we will see a rise in the number of forced sales and repossessions in 2023 — and,...
IFA Magazine
BoE widens gilt purchase operations to include index-linked gilts - reaction from advisers, investment and wealth managersThis morning, the Bank of England has announced that it will widen the scope of its daily gilt purchase operations to include purchases of index-linked gilts,
Mortgage Professional
Will there be a rise in the number of forced sales and repossessions?Brokers on how extreme market conditions may be next year
Mortgage Solutions
‘Broker burnout’ is very real and the stress can ‘take its toll’ – analysis - Mortgage SolutionsAs part of World Mental Health Day, we spoke to a number of industry experts about stress, their own mental health and ‘broker burnout’.
Daily Mail
Mortgage deals are coming back on the market but at 6 per centMore than 1,600 mortgage offers were removed from the market in the wake of the government’s mini-budget as markets balked at unfunded tax cuts and the pound fell to a record lower against the dollar.
ICAEW
Tax rate U-turn: is it enough to right the markets?Following the government’s U-turn on the abolition of the additional rate of income tax, financial services professionals give their view on its impact.
Mortgage Solutions
Brokers name best lenders for withdrawal communications ‒ analysisWhen asked about strong lender communication, brokers highlighted one building society, as well as a handful of big high street names..
The Guardian
What is the impact of 45p tax U-turn on markets and mortgages?Kwasi Kwarteng and Liz Truss will be hoping move reverses some of effects of mini-budget
Mortgage Strategy
Tax U-turn could take time to reflect in mortgage pricing: MalikEven if markets respond well to the UK government’s decision to reverse plans to cut the top 45p income tax rate, R3 Mortgages director Riz Malik fears that “mortgage lenders may take some time to reflect...
Financial Reporter
U-turn on axing of top rate of tax - brokers reactFollowing the news that the Government have U-turned on a plan to abolish the 45p rate of income tax for top earners, Newspage asked brokers for their responses:
IFA Magazine
Chancellor Kwarteng performs abrupt U turn on the Government’s plan to cut 45% tax rate - finance experts commentThe Chancellor has made a dramatic statement to the media this morning announcing a pretty big U turn in Government policy. He has revealed that the reduction