Anil Mistry's Media Coverage
The Intermediary
NatWest makes “encouraging” changes to new business mortgage productsThe changes will come into effect from tomorrow (21st March 2024).
The Intermediary
Has underwriting become overwriting?A number of brokers have expressed frustration on Newspage recently about the state of mortgage underwriting, specifically around lenders suddenly asking for huge amounts of evidence for even the most...
What Mortgage
Mortgage rates 2024: Are they going up or down?If you are in the process of looking at a mortgage you may be forgiven for feeling slightly dizzy at the moment.
Mortgage Solutions
From tech to Twitter (X): what brokers plan to do differently in 2024 - Mortgage SolutionsBetter use of social media, technology and diversification are among the changes brokers are planning for their businesses this year.
The Telegraph
Mortgage bills fall £160 a month amid rate warLenders plan to re-launch cheaper loans as markets bet on cuts to borrowing costs
The Intermediary
“It’s beginning to look a lot like Christmas” – brokers react to Gen H rate cutsThis morning, Gen H introduced another round of rate reductions ahead of the festive break, cutting its entire product range by up to 0.25%.
The Intermediary
Brokers react to the FCA’s ‘Consumer Duty Next Steps’ WebinarThe webinar revealed that over 70% of FCA-regulated firms feel confident with their Consumer Duty implementation.
Mortgage Solutions
Jargon busters: Mortgage industry needs ‘crackdown on gibberish’ ‒ analysis - Mortgage SolutionsBrokers hold the key to dealing with mortgage jargon, but the industry as a whole would benefit from a crackdown on meaningless terms, intermediaries have argued.
Milford Mercury
UK house prices increased by 0.9 month-on-month in October, says NationwideThe uptick in house prices in October most likely reflects the fact that the supply of properties on the market is constrained, Nationwide said.
Oxford Mail
UK house prices increased by 0.9 month-on-month in October, says NationwideThe uptick in house prices in October most likely reflects the fact that the supply of properties on the market is constrained, Nationwide said.
The Herald
UK house prices increased by 0.9 month-on-month in October, says NationwideThe uptick in house prices in October most likely reflects the fact that the supply of properties on the market is constrained, Nationwide said.
Wirral Globe
UK house prices increased by 0.9 month-on-month in October, says NationwideThe uptick in house prices in October most likely reflects the fact that the supply of properties on the market is constrained, Nationwide said.
The Argus
UK house prices increased by 0.9 month-on-month in October, says NationwideThe uptick in house prices in October most likely reflects the fact that the supply of properties on the market is constrained, Nationwide said.
Gazette & Herald
UK house prices increased by 0.9 month-on-month in October, says NationwideThe uptick in house prices in October most likely reflects the fact that the supply of properties on the market is constrained, Nationwide said.
Ledbury Reporter
UK house prices increased by 0.9 month-on-month in October, says NationwideThe uptick in house prices in October most likely reflects the fact that the supply of properties on the market is constrained, Nationwide said.
Birmingham Live
Nationwide issues boost to anybody who has a mortgage in UKProperty values were down by 3.3 per cent compared with October last year, the research also found.
The Independent
UK house prices increased by 0.9% month-on-month in October, says NationwideThe uptick in house prices in October most likely reflects the fact that the supply of properties on the market is constrained, Nationwide said.
The Intermediary
Product transfers soaring as remortgages hit 24-year low - but brokers warn of dangersBrokers said the reason for the low volume of remortgages is the sharp rise in product transfers, as many people have no choice but to stay with their existing lender, lenders placing more emphasis on...
FTAdviser
Brokers praise lender service levels amid lower purchase activityA drop in mortgage transaction volumes has seen a “better turnaround” for current clients, brokers have said as they praise the service currently being offered by lenders.
Mortgage Solutions
Down valuations ‘almost certain’ at the moment due to ‘cautious valuers’Brokers have suggested that downvaluations are becoming ever more common at the moment as valuers adopt a more cautious approach to the market.
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.
Financial Reporter
NatWest becomes latest lender to announce mortgage rate cutsRates are being cut by up to 55bps with notable reductions across residential and tracker mortgages.
BirminghamLive
NatWest issues 24-hour warning to customers as it follows HSBC leadEarlier today, the high street bank announced a series of rate cuts across its residential and buy-to-let mortgage ranges
Mortgage Solutions
Interest-only demand ‘not as high as expected yet’ say brokersWhile there has been an uptick in enquiries from clients around moving to interest-only, it has not been to the levels expected, according to intermediaries.
Mortgage Solutions
Covid, Brexit and the mini Budget have yet to break brokers as confidence risesSurviving the myriad challenges of the last few years, such as Brexit, the pandemic and the cost of living crisis, may have helped boost the sense of confidence among intermediaries, brokers have suggested.
Mortgage Solutions
Borrowers reaching out to new brokers after ‘blaming previous advice’ ‒ analysis - Mortgage SolutionsSome borrowers are approaching new brokers, as they blame previous advice for their current mortgage repayment issues, intermediaries have told Mortgage Solutions.
The Independent
TSB becomes latest bank to press pause on some mortgage lendingThe bank said it was removing some mortgages from sale as of 4pm on Monday.
Evening Standard
TSB becomes latest bank to press pause on some mortgage lendingThe bank said it was removing some mortgages from sale as of 4pm on Monday.
HeraldScotland
TSB becomes latest bank to press pause on some mortgage lendingThe bank said it was removing some mortgages from sale as of 4pm on Monday.
CityAM
TSB latest bank to press pause on some mortgage lendingTSB has become the latest lender to press pause on sales of some of its mortgages.
Bracknell News
TSB becomes latest bank to press pause on some mortgage lendingThe bank said it was removing some mortgages from sale as of 4pm on Monday.
The Independent
TSB becomes latest bank to press pause on some mortgage lendingThe bank said it was removing some mortgages from sale as of 4pm on Monday.
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.
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...
B&C
Brokers call for lenders to provide 24 hours minimum notice after recent turbulenceAfter the events of the past fortnight, with many lenders withdrawing products at very short notice, mortgage brokers have called for lenders to sign a pledge to provide a minimum notice period of 24 hours...
Mortgage Professional
Why more customers could struggle with adverse creditBrokers expect a rise in adverse credit customers
Financial Reporter
Brokers face increase in complaints over two-year fixesJencap Partners says the number of mortgage complaints and claims will inevitably increase, regardless of whether they have any merit.
The Intermediary
Consultancy warns of rise in broker clients claiming they were misadvisedCardiff-based Jencap Partners has warned that ambulance chasers could start targeting brokers with claims regardless of merit.
Mortgage Solutions
Accountants ‘worth the money’ for self-employed brokers ‒ analysisBrokers have emphasised the importance of getting a tax return completed as early as possible, and argued that quality accountants are worth the expense.
The Intermediary
Coventry Building Society set to increase ratesCoventry Building Society will be increasing its rates for owner-occupied properties as of next week.
IFA Magazine
TSB gives brokers 25 minutes’ notice of rate changes – reactionBrokers have not been impressed by receiving an email from TSB Intermediary today at 12:35pm, announcing rates would be increasing by as much as 0.20% at... 13:
FTAdviser
Brokers fume after TSB gives 25 minute warning of rate hikeMortgage brokers have been left frustrated after TSB gave them just 25 minutes warning of an increase in interest rates.
IFA Magazine
Nationwide announces new rate increases from March 3After Nationwide announced that it is making rate increases across selected fixed term (two and five year) and tracker New Business and switcher products, from
IFA Magazine
As Nationwide warns “deposit requirements remain prohibitively high” for FTBs, brokers reveal which lenders stand outFollowing Robert Gardner of Nationwide outlining the challenges faced by first-time buyers this morning in the lender’s February HPI, Newspage asked brokers wh
The Negotiator
Brutal industry reaction as Purplebricks looks to new ownershipWhen Purplebricks announced on Friday it was looking for a buyer it didn’t take long for the knives – and jokes – to come out. Industry reaction has been both funny and brutal.
Mortgage Solutions
Brokers split on appeal of overpayments in cost of living crisis ‒ analysis - Mortgage SolutionsBrokers are divided on whether the cost of living crisis has improved or dented the appeal of making overpayments on mortgage repayments, while some have suggested that offset mortgages may work out a...
This Is Money
What next for mortgage rates? Average five-year fix falls to 5.42%Mortgage rates have risen rapidly over the past couple of months thanks to uncertain economic conditions in the UK, but they are now slowly falling.
Financial Reporter
Money Box’s Paul Lewis tells mortgage seekers to avoid ‘local brokers’ - brokers reactPaul Lewis said
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.
This Is Money
Number of mortgages approved falls to lowest level since June 2020Experts say the slowdown, revealed in the latest Bank of England data, is due to buyers ‘taking stock’ of the market amid rising mortgage rates.
The Telegraph
Middle-class mortgage crunch as nervous lenders crack downEven the smallest of hiccups – even disputed parking tickets – is leading to rejections
Mortgage Solutions
Lenders urged to stop ‘persecuting’ self-employed borrowers ‒ analysisLenders have been guilty of ‘persecuting’ self-employed borrowers since the pandemic, brokers have claimed, a situation which has only been exacerbated by the impact of the mini-Budget.
The Intermediary
The Mortgage Works to reduce stress ratesThe move has been broadly welcomed by brokers as one that “may reignite the buy-to-let market”.
The Intermediary - Latest UK mortgage news
Which types of borrowers will struggle to get mortgages in 2023? - Broker expectations revealed - The Intermediary - Latest...With rates rising and reduced affordability in the face of the ongoing cost of living crisis, free PR platform Newspage has asked its broker members who they think will struggle to get a mortgage in the...
IFA Magazine
Brokers reveal which types of borrower will struggle to get mortgages in 2023As lenders tighten their criteria due to rising rates, reduced affordability amid the cost of living crisis and the prospect of a long recession ahead, free PR
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.
IFA Magazine
BoE rate rise: Reaction from mortgage brokers and IFAsFollowing today’s news that the Bank of England has hiked rates by 0.75%, the biggest single rise since 1989, mortgage experts have been sharing their thought
Mortgage Professional
Martin Lewis advice: Is going on to an SVR a smart tactical decision?Mortgage industry reacts to comments regarding lenders’ SVRs
Mortgage Professional
Truss quits – mortgage industry reactsSimilarities to a “wet lettuce” are drawn
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.
The Intermediary
Brokers hit back at Martin Lewis’s latest “irresponsible” mortgage advice“Get that fella off the TV and let’s see his CeMap papers. Since when has sound financial advice been given on speculation” said one broker.
The Business Desk
‘Let the people decide’: Business leaders respond to Hunt’s emergency statementReaction from across the East Midlands as the Chancellor sets out his economic vision
FTAdviser.com
Brokers blame poor lender service on WFHMortgage brokers have complained that staff working from home is negatively impacting the service level provided by lenders
Financial Reporter
Should the Chancellor go? - brokers reactWith the chaos triggered by the mini-Budget, and mortgage rates continuing to rise, Riz Malik of R3 Mortgages called for the Chancellor to quit live on Sky News yesterday.
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..
Mortgage Professional
Multiple lenders stop offering mortgage products as Kwasi-meltdown continuesHalifax, Virgin Money, Skipton put the brakes on as BoE says it will ‘do what it takes’ with interest rates
Yahoo Finance
Borrowers rush to get new fixed term mortgage deals as rates jump againWorried homeowners are ripping up fixed rate mortgage deals to lock in again ahead of further huge rises in borrowing costs, brokers said today. A report this week from Money Advice Trust finds that one...
Sky
Pound live news: Lenders withdraw mortgage products amid 6% interest rate forecastLatest in our cost of living blog as mortgage lenders withdraw their products; the pound rallies slightly after historic lows on Monday; the Bank of England appears likely to raise interest rates 0.75-1%,...
Freelance Informer
“Things are about to get spicy”: is now the right time to secure a self-employed mortgage? - Freelance InformerIf UK high street banks are pulling new mortgage products, is now the right time to look for a self-employed mortgage?
Express.co.uk
Mortgage warning as chart shows sheer number of people facing huge hikMarkets are expecting interest rates to surge next year, meaning those ending their mortgage term could see a sharp increase in their monthly payments.
Financial Reporter
Brokers react to prospect of an emergency rate rise this weekThe odds of the MPC hiking rates again in an emergency meeting this week have shortened after Sterling’s all-time low against the Dollar.
IFA Magazine
“A rate increase of 0.75% will send shockwaves through the property market” - brokers on this week’s rate decisionThis week, many expect the Bank of England to raise rates by 0.75% in an effort to combat inflation. In response, ten brokers were asked what it would mean for
Evening Standard
Borrowers rush to get new fixed term mortgage deals as rates jump againWorried homeowners are ripping up fixed rate mortgage deals to lock in again ahead of further huge rises in borrowing costs, brokers said today.
London Business News | Londonlovesbusiness.com
Pound crash: Emergency rate hikes and UK company becoming takeover targets - London Business News | Londonlovesbusiness.comThe news that the Pound has hit a record low this morning against the greenback, and is moving every closer to parity, has sent shockwaves in the City, Markets and beyond. Here’s…
Financial Reporter
Rate rise of 0.75% willThis week, many expect the Bank of England to raise rates by 0.75% in an effort to combat inflation. Newspage asked 10 brokers what it would mean for borrowers and the property market more generally.
PropertyWire
A rate increase of 0.75% will send shockwaves through the property marketMany expect the Bank of England to raise rates by 0.75% in an effort to combat inflation. Newspage asked 10 brokers what it would mean for borrowers and the property market more generally. Their views...