Gareth Davies's Media Coverage

Introducer Today

Bank of England Base Rate Cut - when will it happen?

The Sun

A MAJOR lender has slashed its mortgage rates after inflation slowed more than expected and ahead of a key Bank of England meeting. NatWest has announced it will cut mortgage deals by up to 0.24% f…

The Intermediary

The changes will come into effect from tomorrow (21st March 2024).

The Intermediary

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...

The Intermediary

The number of registered company insolvencies in February 2024 was 2,102, 17% higher than in the same month in the previous year.

FTAdviser

Brokers have criticised Halifax for reducing the maximum working age on some of its mortgage products.

Birmingham Live

Effective 12 March, the lender says it’s making the following changes to its Existing Customer product range and switcher rate has been hiked up to 10bps on selected 2 and 5 year deals.

Estate Agent Today

Down-valuations appear to be on the rise and it is shocking agents and mortgage brokers.

This Is Money

Homebuyers and homeowners looking to bag a sub-4% mortgage rate have until the end of today to bag the last one before they disappear.

The Intermediary

One broker, Laura Bairstow, said: “We have noticed a definite increase in down valuations, especially in instances where the borrower only has a 5% or 10% deposit.”

The Intermediary

UK Finance’s Q4 2023 report on later life mortgage lending reveals a substantial downturn in the market, with new loans to older borrowers decreasing by 37.1% year-on-year.

LBC

Two of the UK’s biggest mortgage lenders have announced ‘very significant’ mortgage cuts, to take effect from Wednesday.

FTAdviser

“The January mortgage fire sale is firmly underway” as major lenders Barclays and Santander announce rate reductions, according to EHF Mortgages managing director, Justin Moy.

This Is Money

Barclays and Santander have become the latest lenders to announce cuts to their mortgage rates, including sub-4% offers.

The Independent

The ‘significant cuts’ follow two other major lenders last week

Mortgage Solutions

Better use of social media, technology and diversification are among the changes brokers are planning for their businesses this year.

The Intermediary

NatWest now offering a 2-year fixed remortgage from 4.87%.

FTAdviser

It is "madness" that the Financial Conduct Authority allows firms to solely offer equity release advice, South Coast Mortgage Services director, Gareth Davies, has argued.

Mortgage Professional

Brokers discuss the Chancellor of the Exchequer latest support package

The Intermediary

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...

The Intermediary

The 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 Solutions

Interest in equity release products has improved of late, brokers have reported, though the reasons for borrowing have moved from the aspirational to the necessary.

FTAdviser

Halifax’s latest fixed rate cut is a “lifeline for first-time buyers”, The Mortgage Expert’s Darryl Dhoffer has claimed.

BirminghamLive

One broke described the rates as “a lifeline for first-time buyers”.

The Intermediary

Brokers told Newspage that this was a “lifeline for first-time buyers.”

The Intermediary

Falling borrowing costs and improved sentiment could see more buyers enter the fray soon, increasing competition for first-time buyers.

Mortgage Solutions

Brokers have suggested that downvaluations are becoming ever more common at the moment as valuers adopt a more cautious approach to the market.

Mortgage Solutions

While 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.

The Intermediary

Net approvals for house purchases, a predictor for future borrowing, fell to 49,400 in July, down from 54,600 in June.

Financial Reporter

Brokers discussed the pros and cons of taking a mortgage to the age of 75.

FTAdviser

A broker has criticised Coventry Building Society after they could not complete a product transfer due to differing interpretations of the government mortgage charter.

The Times

With loan rates soaring, you may need your savings — and even your pension — to work harder for you, report George Nixon and Ali Hussain for The Times

The Intermediary

Meanwhile, the core inflation rate, which excludes volatile elements like energy and food costs, reached its highest level since 1992.

inews.co.uk

One broker said he felt like ‘Del Boy mortgages’, with all offers having to go within a day due to speed of mortgage rates climbing.

Financial Reporter

Sunak is reportedly drawing up plans to bring back the Help to Buy Equity Loan scheme.

Mortgage Solutions

The government is understood to be drawing up plans for a relaunch of Help to Buy.

Financial Reporter

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

Financial Reporter

Brokers discussed the pros and cons of longer term mortgages.

Mortgage Professional

Gareth Davies recounts his 16-year path in the financial services industry

Financial Reporter

Jencap Partners says the number of mortgage complaints and claims will inevitably increase, regardless of whether they have any merit.

The Intermediary

Cardiff-based Jencap Partners has warned that ambulance chasers could start targeting brokers with claims regardless of merit.

IFA Magazine

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

Mortgage Solutions

Following the collapse of Silicon Valley Bank swap rates in the UK have fallen by as much as 0.2 per cent, which could pause the rising Base Rate trajectory and stabilise mortgage pricing.

Mortgage Professional

Brokers share thoughts on lenders increasing rates

The Intermediary

Barclays bank is increasing interest rates on several of its mortgage products for both residential purchase and remortgage applications.

Mortgage Solutions

Rate switch cancellations will become more and more common over the coming weeks as mortgage rate pricing continues to decline, which could lead to an increase in lender workload, brokers have said.

inews.co.uk

A year ago there were 661 equity release mortgages, with an average rate of 4.1 per cent, now there are just 179 with an average rate of 6.74 per cent

LAD Bible

A life insurance firm is facing backlash for using an image of Britain’s deadliest ever serial killer in an advert - a move that’s been branded ‘sick’.

This is Money

Life insurance broker DeadHappy ran an advert this week with a photo of Shipman and the slogan ‘Life Insurance. Because you never know who your doctor might be.’

IFA Magazine

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

Financial Reporter

Paul Lewis said

Mortgage Solutions

A greater use of social media and a renewed focus on specific areas of the mortgage market are among the changes brokers have said they are making this year.

Mortgage Solutions

A Business Development Manager (BDM) is the primary connection between an adviser and a lender.