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Gary Boakes
Media Coverage
Your Money
Halifax mortgage rate cuts are a ‘massive curveball’ in the market - Your MoneyHalifax has announced it will drop interest rates across its mortgage products, going against the grain of its lending rivals.
Evening Standard
Halifax in shock mortgage rate cut after most lenders raise pricesOne broker called the change “a tactical moved timed perfectly”
The Intermediary - Latest UK mortgage news
Halifax and NatWest make further fixed rate mortgage cutsNatWest now offering a 2-year fixed remortgage from 4.87%.
The Intermediary
“Great news for homeowners” as HSBC and TSB make further rate cutsBrokers welcomed the news and said it should boost the property market as the year draws to a close.
Birmingham Live
HSBC and TSB issue message to anybody with a mortgage and ‘it’s great news’This morning, both HSBC and TSB announced cuts, following on from Virgin Money yesterday.
The Intermediary - Latest UK mortgage news
Inflation drops to 4.6%, down from 6.7%UK inflation dropped to 4.6% in October down from 6.7% in September, according to the latest figures from the Office for National Statistics (ONS).
The Intermediary - Latest UK mortgage news
Could we see sub-4% mortgages before the year is out?Brokers are divided on whether mortgage rates could start with a three before the year is out following October’s drop in inflation to 4.6%, but more agree they could come in early 2024, which will boost...
The Intermediary
Potential IHT cuts in Autumn Statement “an attempt to sway voters”Along with Stamp Duty cuts, the Treasury is considering IHT cuts in the Autumn Statement. Much like the SDLT cuts or another stamp duty holiday, experts said it was a cynical move by the Government to...
Development Finance Today
‘The UK is never going to gain the much-needed traction in housebuilding with a change at the top coming so frequently’Rachel Maclean, the Minister of State for the Department for Levelling Up, Housing and Communities (DLUHC), has been asked to step down from her role — which is predicted to dampen the already severe housing...
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...
Birmingham Live
HSBC issues £250 message to anybody with bank account and ‘it starts tomorrow’The highb street banking giant says the changes - which reintroduces a two-year fixed fee saver and cashback incentive of £250 - takes effect from Wednesday 1 November.
Mortgage Professional
HSBC announces residential and BTL product changesHigh street lender reintroduces two-year fee saver and cuts selected rates
Express.co.uk
Core inflation plunge fails to materialise but food and household costs easeRising prices for motor fuel made the largest upward contribution to the change in annual inflation rates.
The Intermediary
EXCLUSIVE: Borrowers in Consett more likely to have protection than those in ChelseaBrokers and protection specialists have shared their views on how and when protection advice should be provided, and whether it can be overlooked during busier times.
The Intermediary - Latest UK mortgage news
Virgin Money makes improvements to affordability calculationsThe lender has relaxed its rules, giving more customers access to higher loan-to-income (LTI) multiples.
Financial Reporter
Halifax announces mortgage rate reductionsHalifax is the latest lender to reduce rates across its range.
BirminghamLive
Halifax issues four-day warning to any customer who has a mortgageBrokers welcomed the news but warned that, with SWAP rates edging up, the rate battle may slow in the weeks ahead.
Mortgage Professional
Transitioning from broker to business ownerBrokers discuss their experiences with setting up a business
The Intermediary - Latest UK mortgage news
Nationwide reduces mortgage rates by up to 0.31%These reductions will include products in its new business, existing customer moving home, switcher and additional borrowing ranges.
Bridging & commercial
Optimism strikes the market, as BoE keeps base rate at 5.25%The Bank of England’s Monetary Policy Committee (MPC) has voted by a majority of 5-4 to maintain the bank base rate at 5.25%.
Evening Standard
Interest rate hike pause ‘offers some relief to those struggling with mortgage costs’The rate pause brings relief to mortgage holders but some finance experts suggested the best cash savings deals may not be around for much longer.
The Intermediary - Latest UK mortgage news
NatWest makes rate changes to new and existing customer productsSelected 2-year and 5-year purchase deals will see a reductions of up to 0.19% and 0.15%.
BirminghamLive
NatWest issues new rules for anybody with a mortgage ‘starting tomorrow’The rates change from tomorrow - September 21 - and mean reductions of up to 20 per cent on selected two and five-year switcher deals
Mortgage Professional
How I became a broker – Gary Boakes’ storyCareer change after financial crisis brought him back to the mortgage industry
Mortgage Professional
HSBC to make further rate cutsBrokers see competitiveness ramping up between lenders
The Guardian
Homeowners left out of pocket after two-year delays at UK Land RegistryAdministrative hold-ups leave buyers missing best mortgage deals and some owners unable to sell
Financial Reporter
NatWest reduces fixed rates by further 0.45%Rates have reduced across residential and buy-to-let purchase and remortgage deals.
Financial Reporter
Virgin reduces mortgage rates and launches new 7 day specialsClydesdale Bank has also announced reductions across its range.
Express.co.uk
Inflation figures ‘excellent news’ for mortgages -‘light at end of tunnel’Mortgage interest rates could have already “peaked” following an unexpected drop in inflation in June.
inews.co.uk
How to buy a home when prices are falling - and how much to offerWith property prices continuing their downward trend, it may be tempting to try and ‘time the market’
Mortgage Professional
Big lenders announce mortgage product changesHSBC withdraws certain products, Nationwide adjusts rates
MSN
Angry homeowners sold cheapest mortgages in history consider legal actionAngry homeowners sold cheapest mortgages in history consider legal action
The Sunday Telegraph
Angry homeowners sold cheapest mortgages in history consider legal actionBorrowers stung by high interest rates complain advisers should have told them to fix for longer
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.
Mortgage Solutions
Warning of rise in complaints around two-year fixed rate mortgagesA complaints management firm has highlighted that it has received increased contact from mortgage brokers as customers raise issues with being recommended two-year fixed rates over a longer fixed rates
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.
IFA Magazine
Increase in complaints and claims against brokers over 2-year fixes says specialist consultancy, Jencap Partners - reaction...There is an increase in enquires from mortgage brokers regarding clients who are stating that they have been misadvised about the decision to take out a 2-year
Mortgage Strategy
Product transfers on rise as low fixed-rate deals end: UK FinanceProduct transfers are growing in popularity with 87% of remortgagers choosing to stay with their existing lender rather than move elsewhere, according to latest figures from UK Finance. The trade body...
FTAdviser
Homeowners opt for product transfers over remortgagingMortgage brokers have reported a rise in popularity of product transfers as borrowers opt for the low-stress option and lenders prioritise customer retention.
Mortgage Solutions
Public’s trust in Martin Lewis ‘an opportunity’ for advisers ‒ analysisThe financial services industry is responsible for the lack of trust it enjoys from clients, compared with the likes of Martin Lewis, brokers have suggested.
The Sunday Times
When it pays to get out of a Help to Buy mortgageBorrowers coming to the end of the interest-free period of their Help to Buy loans would be better off remortgaging to a standard loan in the longer term, if th
Your Money
Borrowers stuck on 7% default rates as Land Registry backlog ‘beyond a joke’ - Your MoneyHomeowners remortgaging their properties are coming off cheap fixes onto pricey standard variable rates of up to 7.5% because of big delays - up to two years - at HM Land Registry (HMLR).
Mortgage Strategy
All BTL fixed rates cut as part of new Coventry deals – Mortgage StrategyAll buy-to-let (BTL) rates have been reduced by Coventry for intermediaries as part of a series of rate cuts and product launches announced today. Some BTL products are going down by up to 100 basis points,...
FTAdviser
Brokers frustrated at advice restrictions when overseasA number of brokers have expressed their frustrations about being unable to service a client while on holiday overseas.
Mortgage Professional
Barclays ups rates on select residential mortgagesBrokers share thoughts on lenders increasing rates