The Mortgage Co's Media Coverage

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Down-valuations on the rise - warning

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

Brokers report a rise in down valuations

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.”

HSBC first big bank to offer sub-4pc mortgages as rate...

More lenders expected to follow suit as anxious homeowners reach end of fixed deals

House prices rise unexpectedly as mortgage ‘rate war’...

Investors believe rates have peaked at 5.25pc and will drop to around 3.5pc in years ahead

UK house prices edge up in November, showing signs...

November witnessed a 0.2% increase in UK house prices, the most significant annual improvement since February 2023.

Nationwide issues warning to every UK household with...

Across the UK, the average property cost £258,557 in November.

House prices rise unexpectedly as mortgage market improves...

House prices unexpectedly rose again last month as the mortgage market became more affordable, a closely-watched survey showed.

‘Rate war drum becoming louder’ as NatWest and Halifax...

The rate war drum is now becoming louder by the day, Contractor Mortgage Services director, Ken James, has said following recent rate reductions from both NatWest and Halifax.

UK residential transactions decrease in October 2023,...

HMRC’s latest statistics show a downturn in UK residential property transactions in October 2023 compared to last year, while non-residential transactions saw a modest increase from September.

Halifax and NatWest make further fixed rate mortgage...

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

Nationwide’s slashed rates means price war goes on...

Nationwide’s slashed rates means price war goes on to end of year

Construction output continues to decline in October

Fragile client confidence and elevated borrowing costs were often cited as reasons for weaker sales.

HSBC announces residential and BTL product changes

High street lender reintroduces two-year fee saver and cuts selected rates

Mortgage Guarantee Scheme ‘redundant’ say brokers

They say the scheme, which encourages banks to provide mortgages with 5% deposits, now has ‘no benefit’ for first-time and lower-income buyers.

Coventry reduces selected fixed rates

Brokers welcome timing of new rate cuts

Virgin Money launches ‘fantastic’ two-year fixed rate...

Lenders, such as Virgin Money, are exploring new types of mortgage deals amid a period of high-interest rates.

‘No incentive’ to buy leading to mortgage market stagnation

Hesitancy from buyers may be leading to stagnancy in the mortgage market as “there’s very little incentive to buy now”, Self Employed Mortgage Hub founder, Graham Cox, has argued.

Coventry Building Society issues 48-hour warning to...

Brokers speaking to free UK news agency, Newspage, welcomed the news, specifically the timing as a lot of 2-year fixed rates are due to mature in the fourth quarter.

Coventry announces widespread residential and buy-to-let...

The Society is reducing all buy-to-let fixed rates for new and existing borrowers.

Building Society to reduce fixed mortgage rates this...

Coventry Building Society will be cutting fixed mortgage rates across its residential and buy-to-let ranges.

Will house price fortune favour the patient, or the...

Over the past month or so, lenders have been reducing their fixed rates in an effort to stimulate the purchase market, which one broker has described as “stagnant” — a…

Will house price fortune favour the patient, or the...

With many prospective buyers gambling on further house price falls, will fortune favour the patient — or the bold?

Halifax issues £999 message and it’ll ‘put cat among...

Brokers told Newspage the rates will see 5-year fixed money continue to improve, with a 4.73% 5-year fixed rate with a £999 fee — and that 2-year fixed deals are also edging ever closer to 5%.

BTL market ‘virtually non-existent’ despite falling...

While there remains interest in buy-to-let borrowing from landlords and aspiring investors, making the sums add up is “virtually impossible” in many cases, according to mortgage brokers.

Halifax reducing fixed rates a ‘lifeline’ for first...

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

Halifax makes further mortgage rate reductions

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

Rising mortgage costs lead to protection policy cancellations

Protection experts have warned that an increasing number of people are ignoring or even cancelling protection policies due to rising mortgage payments.

TSB cuts mortgage rates by up to 0.35%

Residential, product transfer and additional borrowing rates have reduced by up to 0.35%.

Could we see competitive 4% mortgage rates soon?

One expert believes competitive 4% mortgage rates could arrive in days or weeks

Purchase and remortgage approvals plummet in August...

Net mortgage approvals for house purchases fell to 45,400 in August, the lowest level for six months, the latest figures have shown.

Does student accommodation lending have a future?

Brokers have conflicting views on the sector’s outlook

Are three-year fixed mortgage rates a better option...

Brokers have contradicting views on whether three-year fixes are taking over

Brokers praise lender service levels amid lower purchase...

A 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 lenders including NatWest cut rates after...

Brokers expect more home loan reductions with offerings at lowest prices for several months

NatWest issues new rules for anybody with a mortgage...

The rates change from tomorrow - September 21 - and mean reductions of up to 20 per cent on selected two and five-year switcher deals

Rental prices rise by 5.5% in August – ONS

Annual private rental prices increased by 5.4% in England, 6.5% in Wales, and 6.0% in Scotland in the 12 months to August.

Virgin launches residential and buy-to-let rates from...

Virgin is now offering a range of two-year buy-to-let rates below 5%.

Virgin Money issues 24-hour warning to anybody with...

Accord 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.