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Amit Patel
Media Coverage
Express.co.uk
Rachel Reeves tax raid blamed for higher mortgage ratesA number of banks and building societies have raised interest rates on fixed rate mortgages in recent days
Landlord Today
Reform UK policies dismissed as return to Liz Truss disasterMortgage experts have criticised the Reform UK housing and tax policies as being superficially appealing but risking a return to the financial damage created by the Liz Truss mini-Budget in 2022.
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.
Evening Standard
June interest rate cut unlikely as smaller inflation fall ‘puts spanner in works’The disappointing “miss” immediately sent financial markets scrambling to reassess their projections of the timing of the first move on rates by the Bank of England
Yahoo Finance
June interest rate cut looks unlikely as smaller fall in inflation ‘puts spanner in the works’The disappointing “miss” immediately sent financial markets scrambling to reassess their projections of the timing of the first move on rates by the Bank of England
Express.co.uk
Mortgage warning as building society hikes rates with more tipped to followFigures from the Office for National Statistics (ONS) today revealed a lower than hoped for fall in inflation - down from 3.4 percent to 3.2 percent.
The Intermediary
Halifax introduces rate increases for selected remortgage productsAcross 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%...
What Mortgage
Spring Budget 2024: What’s in it for homeowners and landlords?Chancellor Jeremy Hunt delivered his Spring Budget today - but which announcements, if any, will impact landlords, mortgage borrowers and those keen to become homeowners? We take a look
The Intermediary
Brokers left angry as TMW gives just six hours notice of rate changesBrokers have once again raised concerns about short-notice product changes from lenders after The Mortgage Works (TMW) issued an email at 14:00 advising brokers they had until 20:00 tonight to lock in...
This Is Money
Should I fix my mortgage or take a tracker? A dozen brokers replyAnyone taking out a mortgage at the moment will likely be pondering the same questions - how long to fix for? Should they fix at all?
Birmingham Live
Santander announces change to accounts in ‘brilliant start to Monday’Newspage asked brokers for their thoughts on this interesting re-price from Santander, and what effect this might have on the rest of the market in the coming days.
Financial Reporter
Government considering launch of 99% LTV mortgages - brokers reactThe goverment is reportedly planning to introduce the new scheme in the Spring Budget.
Birmingham Live
Barclays sends message to customers with mortgage and it ‘starts today’Home movers and remortgage clients will benefit from the reductions as the market slides ever closer to sub-4% 2-year mortgages.
FTAdviser
Mortgage default rates increased in run-up to ChristmasMortgage defaults jumped in the run-up to Christmas and are expected to get worse going into 2024, according to data from the Bank of England.
The Intermediary
Santander and Skipton “shrug off” inflation data with further mortgage rate cutsLenders are not letting a small increase in inflation spoil the recent pattern of fixed rate cuts, with both Santander and Skipton announcing cuts this morning.
Financial Reporter
Reforms needed to improve BoE’s performance and accountability, new Lords report saysThe report says the Bank of England has \
Express.co.uk
BoE governor is a ‘headless chicken’ who ‘should have gone months ago’BoE Governor Andrew Bailey is under fire after an influential Lords committee said Threadneedle Street needs its remit pruned by the Treasury.
The Intermediary
Financial services and property experts urge Bank of England to leave rates on holdFinancial services have almost unanimously urged the Bank of England to leave rates on hold at tomorrow’s MPC meeting, and most are expecting it to do exactly that.
FTAdviser
Two-year swap rates falling below 5% ‘best news in months’Two-year swap rates falling below 5 per cent is the “best news we have heard in months”, The Mortgage Expert’s Darryl Dhoffer, has argued.
Express.co.uk
Andrew Bailey’s ‘shambolic’ performance exposed as BoE ‘behind the curve’EXCLUSIVE: A finance expert has said you only have to look at the US to see how ‘woefully behind the curve’ the Bank of England is in its battle with inflation.
Introducer Today
Mortgage affordability to be hit by council mayhem - claimMortgage affordability to be hit by council mayhem
Financial Reporter
How will local council bankruptcies affect mortgage affordability?Brokers warned bankruptcies would cause significant increases in council tax bills
The Intermediary
Barclays to make further mortgage rate cutsThe lender will be reducing its 2-year fixed 60% loan-to-value (LTV) product from 6.13% to 5.98%.
Landlord Today
Mortgage lenders slammed for ‘daylight robbery’ on BTL arrangement feesLandlords and brokers are up in arms about alleged profiteering by buy to let mortgage lenders’ arrangement fees.
FTAdviser
Buy-to-let arrangement fees ‘border on profiteering’Buy-to-let arrangement fees “border on profiteering” and are causing “extreme financial distress” to landlords, according to one broker.
The Intermediary
Landlords accuse lenders of ‘daylight robbery’ on buy-to-let arrangement feesOne landlord has described the fees as daylight robbery, while another said the fees “border on profiteering, as they are causing extreme financial distress to landlords.”
Mortgage Solutions
Small increase to base rate may be sign of BoE running out of steam – industry reaction - Mortgage SolutionsThere were hopes that the Bank of England (BoE) would pause its base rate hike cycle today, but the modest 0.25 per cent increase may suggest the run of monetary tightening is coming to an end.
Introducer Today
Interest rates WILL go up next week … and maybe after thatInterest rates WILL go up next week … and maybe after that
Mortgage Solutions
TSB and Halifax increase rates – round-up - Mortgage SolutionsTSB has upped rates across select mortgages within its residential, buy-to-let, product transfer and additional borrowing ranges.
inews.co.uk
UK’s biggest mortgage lender Halifax among banks to hike rates as crisis continuesOne mortgage broker called the latest increase from Halifax ‘brutal’
Evening Standard
‘Absolute carnage’ as High Street lenders lift mortgage rates once againHalifax told brokers last night that its rates for remortgages were going up as much as 0.54%
The Telegraph
Bailey warns wage rises are ‘unsustainable’ as interest rates hit 5pcAndrew Bailey has said pay cannot keep rising at its current pace if people want inflation and borrowing costs to fall after the Bank of England pushed interest rates to 5pc.
Metro.co.uk
What does the Bank of England hiking interest rates mean for my mortgage?‘This will push more people into debt and poverty.’
Mortgage Solutions
Skipton’s 100 per cent LTV product ‘welcome step in the right direction’Brokers have broadly welcomed Skipton Building Society’s track record mortgage product saying it could help a cohort of generation rent onto the property ladder and encourage more innovation in the sector.
This Is Money
Home sales stall in stand-off over prices in wake of mortgage spikeIn total there were 89,560 residential property transactions in March on a seasonally adjusted basis, according to the latest data from HMRC.
Mortgage Professional
Why more customers could struggle with adverse creditBrokers expect a rise in adverse credit customers
Mortgage Strategy
Cover feature: Work in progress - WFH or back in the office? – Mortgage StrategyIt is just over three years since the first Covid lockdown. As the country was told, ‘Stay at home,’ the mortgage market, along with many other sectors, was forced into new ways of working. Teams and Zoom...
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 Professional
Will interest rates return to pre-pandemic levels?Experts slam the IMF for living in “cloud cuckoo land”
Property Reporter
Are private landlords going to better or worse off following the introduction of the Renters’ Reform Bill?Since the government outlined proposals for the Renters’ Reform Bill in its A Fairer Private Rented Sector white paper in June 2022, there has been much talk about what
MSN
FTSE 100 Live: FTSE closes at 7403 in major Credit Suisse rebound, Amazon lays off 9,000FTSE 100 Live: FTSE closes at 7403 in major Credit Suisse rebound, Amazon lays off 9,000 -
Evening Standard
Interest rate expectations torn up across the City into BoE meetingIt’s now seen as a 50-50 call on whether the Monetary Policy Committee lifts rates on Thursday
The Intermediary
Credit Suisse acquisition by UBS “may be a saving grace for UK borrowers”Following the UBS acquisition of Credit Suisse, many are suggesting that the Bank of England may hold rates this week.
Mortgage Strategy
Shawbrook snaps up specialist lender Bluestone MortgagesShawbrook bank has bought specialist lender Bluestone Mortgages in a cash and share deal for an undisclosed sum. The bank says Bluestone Mortgages has originated over £1.8bn since its launch in 2014, and...