has been added
Elliott Benson
Media Coverage
Yorkshire Evening Post
Leeds househunters handed boost as interest rates cut means affordable 'dream home' in sight, experts sayLeeds househunters have been handed a fresh boost after the Bank of England cut interest rates - with a leading city mortgage broker predicting buyers in the region will soon be cashing in.
This Is Money
Nationwide ups mortgage rates while Barclays cuts home loan pricesTwo major mortgage lenders are repricing mortgage rates, as the direction of travel remains uncertain.
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
The Intermediary
Mortgage borrowers who use gambling as a leisure activity “shouldn’t be treated like they’re the Cincinnati Kid” - The Intermediary...“Plonk a tenner on the Grand National and some lenders think you’re a hustler in Vegas,” said one broker.
The Intermediary
Brokers share most bizarre reasons why borrowers refuse life cover - The Intermediary - Latest UK mortgage news“The Government will pay the mortgage” & “smoking is not bad for you”, are among the strangest reasons why borrowers have refused life cover.
The Sunday Times
Squeezed homeowners opt for longer mortgage termsBorrowers who have to remortgage are facing an interest rate shock. Here’s one way to reduce payments — but it will cost you more in the end
Sky News
Money latest: ‘Dangerous’ sub-1% mortgage launched for new homesA mortgage that could see people paying less than 1% interest initially for a new home has received a mixed response. Read this and more in the Money blog, your place for consumer and economic news. Comment...
FTAdviser
Brokers bolster teams as they brace for busy 2024Mortgage brokers are bracing for a busy 2024 as December sees business pick up.
The Intermediary
Brokers brace for a busy 2024Newspage asked a selection of brokers, conveyancers and specialist mortgage recruiters what they are expecting in 2024.
The Intermediary
“The devil is in the detail” – Brokers warn of potentially misleading mortgage advice published by BBCThe post suggests that borrowers may be able to tackle rising cost of living pressures by making overpayments on their mortgage, extending their mortgage term, or switching to an interest-only deal.
Mortgage Professional
Can you help your clients overcome the mindset of being unable to buy?“Hell will freeze over before the regulator, government or industry bodies educate people in some sort of joined up way”
FTAdviser
Rising mortgage costs lead to protection policy cancellationsProtection experts have warned that an increasing number of people are ignoring or even cancelling protection policies due to rising mortgage payments.
Protection Reporter
Your views: Advisers blame ‘Britishness’, Superman Syndrome, and comparison sites for protection gap in the UKAccording to Newspage, advisers have seen a growing majority of people ignoring or even cancelling Life, Critical Illness (CI), and Income Protection (IP) because it’s a “luxury” they can’t afford.
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...
The Intermediary
Now could be “perfect window” for first-time buyers, say expertsFalling borrowing costs and improved sentiment could see more buyers enter the fray soon, increasing competition for first-time buyers.
This Is Money
First homes become more affordable - but buyer numbers drop 22%The average first-time buyer home has reduced from 5.8 times the typical salary to 5.1 times, says Halifax - but higher mortgage rates are now proving a barrier to ownership for some.
The Telegraph
‘I’ve taken out a 40-year mortgage – I’m banking on rates going down’Proportion of homes bought with longer term loans is sharply rising
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.
Evening Standard
HSBC offers its first 40-year mortgages as first-time buyers seek long deals“Marathon mortgages” are becoming more popular as rising interest rates make it harder for some prospective buyers to afford a 20- or 25-year deal
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:
Mortgage Professional
Bank of England base rate – will it rise further?A host of industry experts chime in
Protection Reporter
Your views: should personal finance commentators like Martin Lewis have advice permissions?A look at whether MoneySavingExpert’s Martin Lewis should have advice permissions - with views from the adviser community.
The Intermediary
Outstanding value of mortgage loans 4.1% higher than Q3 last year – BoEThe value of gross mortgage advances in Q3 was £85.9 billion, £8.0 billion greater than the previous quarter.
IFA Magazine
Bank of England Q3 mortgage report – the calm before the Q4 storm: brokers reactToday’s Bank of England Q3 mortgage report which was published earlier this morning, has provoked a lot of responses from brokers on the PR Platform, Newspage
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?
Financial Reporter
To track or to fix? - brokers share their viewsBrokers shared their views on tracker vs fixed rate mortgages in the current lending climate.
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.
Financial Reporter
Brokers praise lenders offering 12 month mortgage offersBrokers said the approach is particularly positive for people buying new builds, as it protects them from building delays.
FTAdviser.com
Year-long mortgage offers ‘exactly what market needs’Lenders honouring mortgage rates for up to 12 months is exactly what the market needs according to brokers following the uncertainty around interest rates which ensued after the last budget
Mortgage Professional
Industry’s verdict as UK economy shrinks in Q3As GDP falls again, economic outlook for many businesses is ‘daunting’
Financial Reporter
Brokers warn of rise in conditional selling as transaction levels dropOne broker says he has lost two clients over the past month alone due to conditional selling.
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 Guardian
UK house prices fall after mini-budget shockHouse prices drop at fastest monthly rate since February 2021, reports Halifax, as surging mortgage costs hit sector
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