Malcolm Davidson's Media Coverage
FTAdviser
Brokers claim ‘doomsday’ level equity release valuations are commonplaceBrokers claim equity release lenders have been down valuing properties by as much as £60,000.
The Intermediary
UK Finance later life data “at odds with what’s happening on the ground,” say brokersUK Finance published its later life mortgage lending data for Q1 2024, with 28,840 new loans advanced to older borrowers in Q1.
The Intermediary
UK Finance reports significant decline in later life mortgage lending in Q4 2023UK 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.
The Intermediary
UK residential transactions decrease in October 2023, with a slight rise in non-residential deals, HMRC reportsHMRC’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.
FTAdviser
‘Madness’ that FCA allows firms to solely offer equity release adviceIt 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 Solutions
Consolidation ‘inevitable’ for ‘cottage industry’ mortgage brokersThe intermediary market has been a ‘cottage industry’ for too long, with consolidation among advice firms inevitable and necessary, brokers have argued.
The Intermediary
Stamp duty cuts in Autumn Statement: “Idiotic doesn’t do it justice”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...
Mortgage Professional
Mortgages in arrears up again in Q3 – UK FinanceIn a contrasting trend, number of actual repossessions falls
The Guardian
UK mortgage arrears rise as high interest rates hit borrowers – business liveMajor banks are accused of a staggering lack of compassion as more borrowers fall behind on their mortgages
Your Money
House prices bounce back in October - Your MoneyHouse prices rose in October, bringing an abrupt end to six straight months of falls, the latest Halifax house price index reveals.
Mortgage Solutions
House prices bounce back with October rise ‒ HalifaxHouse prices rose in October, bringing to an end six straight months of drops, the latest Halifax house price index has revealed.
Mortgage Professional
UK house prices – Halifax reveals the latestLatest movement in house prices surprises some experts
Mortgage Solutions
Equity release pricing beginning to fall but stabilisation will be ‘slow’ – analysisEquity release pricing has started to come down from the highs seen during the mini-Budget.
The Intermediary
Annual house price growth slowed to 4.4% in November from 7.2% in OctoberNationwide’s seasonally adjusted measure of house prices fell by 1.4% month-to-month in November while year-over-year growth dropped to 4.4%, from 7.2% in October, well below the consensus, 5.8%.
Mortgage Solutions
Christmas has come early for mortgage activity, ‘but not in a good way’The mortgage market has gone ‘into hibernation’, with activity levels dropping below even those typically seen in this quiet period of the year, brokers have suggested.
Financial Reporter
more2life launches sub-6% lifetime mortgage following broker feedbackLifetime mortgages have fallen back under 6% with the launch of a new rate from more2life.
Mortgage Solutions
Nationwide BS and brokers issue spray foam mortgage warningMore homeowners are installing spray foam insulation to keep bills down but many could inadvertently end up with unmortgageable properties.
Mortgage Solutions
Mortgage porting is the ‘unexpected gift’ of rising rates – analysisAn air of urgency and panic has been prevalent in the housing and mortgage market for some time.
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 Intermediary
Majority of brokers predict a house price fall of 10% or less - PollA poll of mortgage brokers and estate agents from Newspage found that 58% expect house prices to fall by up to 10%.
Mortgage Finance Gazette
Lloyds profits slumps 26%, sets aside £668m for bad loansProfit at Lloyds Banking Group fell by 26% to £1.5bn in the three months to September, as the lender set aside £668m to protect itself against mortgage and
Freelance Informer
Mini-budget: how much better off could freelancers be?Freelancers are likely to be better off if certain tax-cutting campaign promises are kept in this week’s mini-budget announcement.
Mortgage Strategy
Property tax cut announcement rumoured for Friday | Mortgage StrategyNew prime minister Liz Truss and chancellor Kwasi Kwarteng are considering cutting stamp duty, The Times reports. It is believed the cut will be announced this Friday, 23 September, as part of her cabinet’s...
Mortgage Professional
New build starts and completions rise in Q2Still, these latest numbers all “fall well short” of government targets
Mortgage Solutions
Housing starts rise 15 per cent year on year in England – government - Mortgage SolutionsThe Department for Levelling Up, Housing & Communities also said housing starts increased by 21 per cent in Q2 when compared to the previous quarter.
Mortgage Strategy
Govt figures show 21% rise in number of new homes being built | Mortgage StrategyThe number of dwellings where building work started on site was 51,730 between 1 April and 30 June this year, according to the latest figures from the Department for Levelling Up, Housing & Communities....
Mortgage Solutions
Lenders pulling products to deal with ‘shocking’ service levels, brokers suggest ‒ analysisThe reduction in the number of mortgage products available at the moment may be motivated by a desire to reduce application levels so that they can cope with backlogs and improve service levels, brokers...