Darryl Dhoffer's Media Coverage
With 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...
Brokers have claimed that a partnership between credit referencing agency Checkmyfile and brokerage Haysto is a “significant slap in the face” to brokers who refer clients.
Most households with a good credit record can secure a mortgage rate of between 4% and 5% at the moment.
Borrowers are “finally getting a break” as mortgage rates are cut, according to brokers.
Stricter underwriting practices could be introduced if the assisted dying bill is passed through parliament.
Lenders have 'no right' to question the fees charged by brokers, many in the industry have argued after one broker was told to lower his fees.
New research from Aldermore reveals the extent to which self-employed first-time buyers are struggling to get on the property ladder.
Economists at Goldman Sachs have suggested the Bank of England base rate could come down from the current figure of 5 percent
10 brokers have been asked whether it’s cheaper to buy or to rent, the challenges people face in getting on the ladder and what should be considered.
The Bank of England’s decision to keep the base rate on hold can be seen as a sign of fear
The average UK price in August was up 2.4 percent on a year ago to £265,375, the latest index from Nationwide Building Society shows.
There were 62,000 home loan approvals in July as falls in interest rates made monthly repayments more affordable.
Virgin Money has made a series of positive changes to its residential purchase mortgage range, with rates being reduced by up to 0.20 percent
The provider has also made a series of changes to remortgage and buy-to-let options
The move by Nationwide trumps a series of reductions launched by rivals HSBC, Barclays and TSB earlier this week.
A 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
The new deals from Halifax include a five year fix on a 60 percent loan to value (LTV) at 3.99 percent with a fee of £999
Earlier this week, Barclays, HSBC, NatWest and Nationwide shaved interest rates on their market leading home loans to take them under 4 percent.
Halifax has become the latest in a string of financial institutions slashing rates following the BoE decision
Another big lender has joined the “sub-4 per cent club” as Halifax announces cuts to mortgage products.
MAJOR lenders are battling it out to offer lower rates in a boost for homeowners and first-time buyers who have been hit by soaring costs. A flurry of mortgages have hit the market with interest be…
HSBC became the third lender to reintroduce a sub-4 per cent five-year fixed deal, following mortgage rate cuts by Nationwide and NatWest in recent days.
The 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
Further cuts are expected in the coming days which are predicted to trigger a rush to buy through the rest of this year.
The lowest five-year fixed rate mortgages are set to go below 4%, after Nationwide announced further cuts.
Lender rolls out larger loans fixed for five to 15 years, from a deposit of 5pc
The impending 20% VAT increase on private school fees, set for September 2025, has ignited a wave of concern among self-employed parents.
HSBC’s criteria switch-up has been largely met with praise from mortgage brokers.
The FTSE 100 earlier rose past 8,000 for the first time since its record-breaking run 14 months ago as traders bet that the Bank of England would cut interest rates before the US.
It’s the first sub-4% deal in the current cycle of price changes
Atom bank has announced that it is increasing its mortgage rates as of tomorrow (Thursday 21st March).
For both new and existing residential customer products, selected 2- and 5-year 65% and 75% loan-to-value (LTV) fixed rates will be increased by up to 0.13%.
Outrage at “shameful” Halifax move to cut maximum age on some products
The number of registered company insolvencies in February 2024 was 2,102, 17% higher than in the same month in the previous year.
Brokers have criticised Halifax for reducing the maximum working age on some of its mortgage products.
Britain's biggest mortgage lender is reducing the maximum age at which it will allow many borrowers to say they intend to retire from 75 to 70.
Halifax is reducing the maximum age it will consider earned income for mortgage applicants from 75 years to 70 years and the new rules will be introduced from Monday March 18
Across its remortgage products including large loans, Affordable Housing – Shared Equity/ Shared Ownership and equivalent green home products, the lender will be introducing rate increases up to 0.17%...
Homebuyers face higher monthly payments as bank moves to rein in risky lending
In its residential range, the lender will be withdrawing all of its fixed rates at 80% loan-to-value (LTV) for new borrowers.
Real GDP was estimated to have fallen by 0.1% in the three months to January 2024, compared with the three months to October 2023.
Halifax has warned customers applying for mortgages about potential increases of up to 0.2 percent.
“Are we missing something here?” one adviser asked of the flurry of mortgage rate rises
“Are we missing something here?” one adviser asked of the flurry of mortgage rate rises
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.
The 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.
Experts slam lenders for ultra-short notice repricing of mortgage products
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....
Coventry Building Society has become the latest high street lender to raise mortgage rates in “another blow to homeowners” and those hoping to get on the property ladder.
Coventry has just announced it is increasing fixed rates, from tomorrow night. Newspage asked brokers for their views. Coventry are increasing “all fixed rates” and they will close “all offset…
Move follows similar increases from HSBC and Santander as lenders fear interest cuts will be slower than expected.
Move follows similar increases from HSBC and Santander as lenders fear interest cuts will be slower than expected.
Heightened risk and an exodus of insurers are combining to drive up premiums
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.
Mortgage lenders are increasingly raising rates on their home loan products amid uncertainty over the UK economy.
The gap between remortgage and purchase rates being offered by some of the big lenders is “spreading”, experts said.
This continues a common trend last week with other high street lenders.
Brokers need to be creative in finding the right protection solutions for clients with reduced budgets, intermediaries have suggested.
NatWest says the changes - announced on Monday - are for new and existing customers, taking its best deals below 4% in line with its competitors.
Top mortgage broker says major lenders are now engaged in a price war as rates dip below 4 per cent
MORE major lenders have revealed “very significant” cuts to mortgage rates following hot on the heels of several big banks. Barclays and Santander are the latest to reveal a drop in the…
Better use of social media, technology and diversification are among the changes brokers are planning for their businesses this year.
Lenders plan to re-launch cheaper loans as markets bet on cuts to borrowing costs
Brokers 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.
EXCLUSIVE: Business leaders say confidence in the BoE’s ability to manage UK Plc is at an all time low.
It is a matter of time before individuals see the emergence of a sub-4 per cent mortgage rate following a fall in Swap rates, according to brokers.
The webinar revealed that over 70% of FCA-regulated firms feel confident with their Consumer Duty implementation.
Brokers have urged lenders to focus on simple features when designing broker portals, without introducing adding complications like the need to download an app.
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.
Brokers have welcomed the latest round of rate cuts from a major lender. Today, Santander has revealed that, on Wednesday 29 November, it is reducing selected residential and buy-to-let fixed…
Borrowers with patchy credit records, the self-employed or those looking for offset deals are left with comparatively few options, despite the recent hike in overall mortgage product numbers, brokers have...
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.
More lenders are offering sub-5% two and five-year fixed rates.
Brokers welcomed the news and said it should boost the property market as the year draws to a close.
Barclays'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, has said.
The revolving door of the housing minister is actively harming the sector, holding back the chances of building enough homes, brokers have argued.
Following the news, one broker said some rates, based on the current direction of travel, could even start with a three before the year is out in December.
Hot on the heels of HSBC, Halifax has announced it is reducing its mortgage rates again on Wednesday 15th November. Following the news, one broker said some rates, based on the current direction of travel,...
Nationwide has become the first lender in months to bring a sub-5 per cent two-year fixed rate mortgage to market in what brokers have called a “watershed moment.”
Brokers have suggested that schemes like the shared ownership programme can prove effective in helping more first-time buyers onto the ladder, and prevent homeownership becoming an elite privilege.
Brokers 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.
Many homeowners had seen a boom in sales since the Covid pandemic but rising interest rates and concern over soaring bills appears to be making an impact
High street lender reintroduces two-year fee saver and cuts selected rates
HSBC has announced a raft of changes to its mortgage range, including reintroducing its 2-year fixed fee saver product.
Many homeowners had seen a boom in sales since the Covid pandemic but rising interest rates and concern over soaring bills appears to be making an impact
Across the UK, an estimated 85,610 home sales took place in September 2023, which was also 1% lower than in August, HMRC said.
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.
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…
With many prospective buyers gambling on further house price falls, will fortune favour the patient — or the bold?
Ahead of Tuesday’s labour market and Wednesday’s crucial inflation data, experts speaking to free UK news agency, Newspage, have said the Holy Grail this week for the mortgage and property market will...
Brokers discuss whether confidence has returned to the housing market
Halifax has launched a sub-6% deal at 95% LTV as part of the changes.
Halifax’s latest fixed rate cut is a “lifeline for first-time buyers”, The Mortgage Expert’s Darryl Dhoffer has claimed.
Halifax is set to reduce its mortgage rates on Friday - the second reduction in a week.
More and more lenders are announcing they are cutting rates but are not actually revealing those cuts until the next day, frustrating brokers.
One broke described the rates as “a lifeline for first-time buyers”.
Brokers told Newspage that this was a “lifeline for first-time buyers.”
Home mover, remortgage and first-time buyers will all benefit from the rate reductions.
Brokers share what advice they are giving to struggling clients