Gary Boakes's Media Coverage

Your Money

Halifax has announced it will drop interest rates across its mortgage products, going against the grain of its lending rivals.

Evening Standard

One broker called the change “a tactical moved timed perfectly”

The Intermediary - Latest UK mortgage news

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

The Intermediary

Brokers welcomed the news and said it should boost the property market as the year draws to a close.

Birmingham Live

This morning, both HSBC and TSB announced cuts, following on from Virgin Money yesterday.

The Intermediary - Latest UK mortgage news

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

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

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

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

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

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

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

Express.co.uk

Rising prices for motor fuel made the largest upward contribution to the change in annual inflation rates.

The Intermediary

Brokers 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

The lender has relaxed its rules, giving more customers access to higher loan-to-income (LTI) multiples.

Financial Reporter

Halifax is the latest lender to reduce rates across its range.

BirminghamLive

Brokers welcomed the news but warned that, with SWAP rates edging up, the rate battle may slow in the weeks ahead.

Mortgage Professional

Brokers discuss their experiences with setting up a business

The Intermediary - Latest UK mortgage news

These reductions will include products in its new business, existing customer moving home, switcher and additional borrowing ranges.

Bridging & commercial

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

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

Selected 2-year and 5-year purchase deals will see a reductions of up to 0.19% and 0.15%.

BirminghamLive

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

Career change after financial crisis brought him back to the mortgage industry

Mortgage Professional

Brokers see competitiveness ramping up between lenders

The Guardian

Administrative hold-ups leave buyers missing best mortgage deals and some owners unable to sell

Financial Reporter

Rates have reduced across residential and buy-to-let purchase and remortgage deals.

Financial Reporter

Clydesdale Bank has also announced reductions across its range.

Express.co.uk

Mortgage interest rates could have already “peaked” following an unexpected drop in inflation in June.

inews.co.uk

With property prices continuing their downward trend, it may be tempting to try and ‘time the market’

Mortgage Professional

HSBC withdraws certain products, Nationwide adjusts rates

MSN

Angry homeowners sold cheapest mortgages in history consider legal action

The Sunday Telegraph

Borrowers stung by high interest rates complain advisers should have told them to fix for longer

Financial Reporter

Jencap Partners says the number of mortgage complaints and claims will inevitably increase, regardless of whether they have any merit.

Mortgage Solutions

A 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

Cardiff-based Jencap Partners has warned that ambulance chasers could start targeting brokers with claims regardless of merit.

IFA Magazine

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 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

Mortgage 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

The 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

Borrowers 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

Homeowners 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 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

A number of brokers have expressed their frustrations about being unable to service a client while on holiday overseas.

Mortgage Professional

Brokers share thoughts on lenders increasing rates

Mortgage Strategy

Accord Mortgages will lift home loan rates for new customers by up to 40 basis points in a move that will see the old prices withdrawn at 8pm today (9 March) and replaced at 8am tomorrow (10 March). The...

The Intermediary

Barclays bank is increasing interest rates on several of its mortgage products for both residential purchase and remortgage applications.

Mortgage Solutions

A four-day working week is a good idea in theory, but not really compatible with the workload of a typical mortgage broker, intermediaries have suggested.

Mortgage Strategy

HSBC has increased prices across a number of its fixed rate product ranges and pushed up its standard variable rates (SVR). The lender’s residential SVR has increased from 6.79% to 6.99% and the buy-to-let...

Mortgage Solutions

Mortgage approvals for both house purchase and remortgage fell to their lowest levels in over 10 years in January.

FTAdviser

House prices have increased by 20.4 per cent on average over the past three years, as brokers warn of a housing bubble “crash”.

Mortgage Solutions

Brokers have said that more lenders will likely increase their loan to income (LTI) multiples in a bid for market share.

Mortgage Solutions

Rate switch cancellations will become more and more common over the coming weeks as mortgage rate pricing continues to decline, which could lead to an increase in lender workload, brokers have said.

Financial Reporter

Brokers are split on when they think two-year fixed rates will drop below 4%.

IFA Magazine

With inflation coming down faster than expected last month, Bank Rate likely to be close to its peak and the possibility of rate cuts later this year to stimula

Daily Express

HSBC gives first sub-four percent offer since last year’s mini-Budget while houses prices ″set to fall by 20 percent’.

mirror

An analysis by the Labour party found average increases of between £1,000 and £13,000 across every constituency in the UK - as around four million households with mortgages will be exposed to rate rises...

This Is Money

December was the fourth consecutive month that the number of people borrowing to buy a home went down, according to the Bank of England.

Mortgage Solutions

House prices in the UK declined 0.6 per cent to £258,297 between December and January as values continued to slip.

FTAdviser

Mortgage approvals fell for a fourth consecutive month in December 2022 reaching the lowest level seen since May 2020 during the first lockdown

Mortgage Professional

Find out why they believe that good advice should not cost a thing

IFA Magazine

Scott Taylor-Barr, Financial Adviser at Carl Summers Financial Services: “I’m a self-employed mortgage adviser, with over 25 years’ financial service

Financial Reporter

Paul Lewis said

Mortgage Solutions

Specialist Lending Solutions “In Focus” series deep dives into different areas of the specialist lending market. For this quarter, we are looking at the second charge market and are asking brokers what...

Mortgage Solutions

Specialist Lending Solutions “In Focus” series deep dives into different areas of the specialist lending market. For this quarter, we are looking at the second charge market and are asking brokers what...

Mortgage Professional

The danger of propping up negative equity situations is real, but some see value down the road

Mortgage Solutions

Average rates for two and five-year fixed rates remain above five per cent, but brokers expect that the range of mortgage pricing could come down to three to four per cent this year.

Mortgage Solutions

A greater use of social media and a renewed focus on specific areas of the mortgage market are among the changes brokers have said they are making this year.

Mortgage Solutions

In anticipation for 2023, Mortgage Solutions talked to brokers to ask what their expectations are for next year and how brokers can prepare.

Financial Reporter

Brokers have called for a rethink around risk by lenders when it comes to the employed versus the self-employed.

Mortgage Solutions

The Treasury is allegedly planning to extend the mortgage guarantee scheme, which is due to expire at the end of this year, to better support first-time buyers.

Mortgage Solutions

First-time buyers and home movers are increasingly extending their mortgage terms to 35 or 40 years in order to lower their payments.

Daily Mirror

House prices seem to be cooling after a year which has seen mortgage rates rocket - but what will happen next year in 2023? We ask the experts for their predictions

Mortgage Solutions

Equity release pricing has started to come down from the highs seen during the mini-Budget.

Mortgage Solutions

Demand for new house purchase mortgages will weaken in 2023 and 2024 as cost of living increases and the rising rate environment puts pressure on affordability.

Financial Reporter

The maximum loan-to-income multiple for self-employed applicants has been lowered from 5.00 times to 4.49 times income.

Daily Mail

Britons had to sacrifice seeing loved ones over the holiday period in 2020 and 2021 due to the Covid pandemic - but now face having to do the same due to union barons shutting down critical services.

The Intermediary

TSB is pausing its new build lending at 90% LTV while reducing the maximum loan-to-income (LTI) multiples for self-employed applicants.

IFA Magazine

This morning’s UK Finance report about mortgage forecasts has predicted a ’softer mortgage market in 2023, as affordability comes under pressure from inflation

inews.co.uk

‘General Melchetts of UK Plc should leave their plush offices and pay a visit to the millions of small businesses fighting to survive’

This Is Money

Of adults who reported difficulty in affording rent or mortgage payments, 27% had moderate to severe depressive symptoms, according to the ONS.

Financial Reporter

Newspage asked brokers what they’re doing to help support clients who may be struggling emotionally as well as financially.

IFA Magazine

Yesterday, IFA Magazine highlighted the responses of a number of brokers to a report which linked depression to the cost of living crisis - including mortgage w

Mortgage Solutions

Lenders have been guilty of ‘persecuting’ self-employed borrowers since the pandemic, brokers have claimed, a situation which has only been exacerbated by the impact of the mini-Budget.

The Intermediary

A report published by the ONS earlier this week revealed a clear link between depression and people struggling with mortgage and rent payments, energy bills, and increased personal debt.

IFA Magazine

Following the Halifax November house price index announcement that highlighted that the UK housing market is continuing to slow, a selection of estate agents a

IFA Magazine

As the cost of living crisis continues to hit families and businesses alike, the ONS published a report this morning about depression and the cost of livin

IFA Magazine

For years, the financial advice profession has been grappling with the challenge of trying to make financial advice accessible to more and more people. There is

Mortgage Strategy

November saw the Office for National Statistics issue a positive report: that, in October, transactions had risen 2% on a monthly basis to 108,480. However, many brokers were quick to discount this news....

Mortgage Professional

The rate reduction across its product portfolio is effective from today

Financial Reporter

Rates have reduced by up to 55bps.

FTAdviser.com

Many advisers agree there is a huge advice gap that is still growing and while some have come up with innovative ways to serve the less asset rich others believe the burden should not fall on the advice...

The Intermediary

The move has been broadly welcomed by brokers as one that “may reignite the buy-to-let market”.

The Intermediary

The move has been widely welcomed by brokers who have seen the market fluctuate widely in the months since the ill-fated Prime Ministership of Liz Truss.

Salisbury Journal

A SALISBURY woman has won two big awards in the financial sector.

Financial Reporter

Should house price growth be included in the 2% inflation target?

Mortgage Solutions

Annual house price growth in the UK slowed to 4.4 per cent in November, down from 7.2 per cent in the prior month, according to Nationwide

The Intermediary

Nationwide’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%.