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Gary Bush
Media Coverage
Yahoo News
Barclays announces change to accounts ‘from tomorrow’ in ‘refreshing departure’These rate changes are effective from tomorrow, Wednesday 8 May.
Daily Mail
House hunters are heading back to London or deciding to stay in cityThe London property market is bouncing back as fewer people in the capital search for countryside homes and others who have left consider moving back, experts say.
This Is Money
Major mortgage lender ups rates for second time this weekLenders continue to increase interest on their home loans, meaning borrowers may miss out on the cheapest deals unless they act quickly.
FTAdviser
First time buyers’ 99% mortgage with £5k deposit launchedA 99 per cent mortgage product for first time buyers has been launched by Yorkshire Building Society and Accord mortgages.
B2L Insider
‘The rental market is broken’: Average UK private rents rise by 9%, as landlords pass on higher costs onto tenantsAverage UK private rents have increased by 9% in the 12 months to February 2024, confirmed the ONS latest price index of private rents published today (20th March).
Express.co.uk
Mortgage arrears surge by 50% in just one year sparking home repossession fearsThe value of outstanding mortgage balances in arrears is over 50 percent higher than it was a year ago.
The Observer
How to survive UK mortgage turmoil as rates go up and deals are pulledHomebuyers have to try to navigate their way to an affordable deal with no help in the budget to ease the pain
Birmingham Live
NatWest under fire over new rules for existing customers and ‘it’s not good’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.
Sky News
Money blog: NatWest increases mortgage rates for existing borrowersNatWest is increasing rates for existing borrowers from tomorrow. Read this and all the latest consumer and economic news in the Money blog. Leave your money problem, or comment on any of our stories,...
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.
The Intermediary
Ultra long mortgages FOI “highlights the bind many borrowers are in at present” - The Intermediary - Latest UK mortgage newsIn the last quarter of 2021, nearly a third - 31% - of new mortgages had an end date beyond the state pension age.
Daily Mail
Newlyweds reveal why they moved to Wales but returned after six monthsEXCLUSIVE: Newlyweds Tess and Jimi Aldcroft, 35 and 39, (pictured) moved to Brecon to escape the intensity of London just after the pandemic - but moved back within just six months.
Yahoo News
NatWest rolling out change to accounts from tomorrow and ‘has little choice’Bank rates up to 0.22 per cent higher from Tuesday 30 April as the Cost of Living crisis continues across the country.
Introducer Today
Bank of England Base Rate Cut - when will it happen?Bank of England Base Rate Cut - when will it happen?
The Intermediary
NatWest makes “encouraging” changes to new business mortgage productsThe changes will come into effect from tomorrow (21st March 2024).
The Intermediary
Total number of individual and company insolvencies rise in February, data revealsThe number of registered company insolvencies in February 2024 was 2,102, 17% higher than in the same month in the previous year.
The Intermediary
Coventry for Intermediaries “leads the march” with mortgage rate reductionsIn its residential range, the lender will be withdrawing all of its fixed rates at 80% loan-to-value (LTV) for new borrowers.
The Intermediary
UK economy sees 0.2% growth in January – ONSReal GDP was estimated to have fallen by 0.1% in the three months to January 2024, compared with the three months to October 2023.
The Intermediary
Annual pay growth slows to 6.1% in January – ONSIn light of labour market data, Newspage asked experts when the Bank of England should cut the base rate — and if a cut may now come sooner.
FTAdviser
Blow to borrowers as major lenders hike mortgage ratesA series of mortgage rate increases among the biggest lenders, including NatWest, Santander, and Halifax, have been announced.
Mortgage Solutions
Hunt drops 99 per cent mortgage idea just days before Budget – reports - Mortgage SolutionsChancellor Jeremy Hunt has reportedly scrapped the idea of a 99 per cent mortgage scheme after lenders raised concerns.
The Intermediary
Plans for 99% mortgages apparently scrapped - reaction from brokersThis comes following January reports that the Chancellor was set to introduce 1% deposit, or 99% loan-to-value (LTV) mortgages as part of the upcoming Spring Budget.
The Intermediary
House prices see 0.7% rise in February – NationwideThe average house price was recorded at £260,420, compared to a slightly lower figure of £257,656 in January.
Evening Standard
Nationwide ups mortgage interest ratesMore ‘doom and gloom’ for borrowers ahead of Chancellor Jeremy Hunt’s budget next week
Mortgage Solutions
More options needed to support growing new-build interest ‒ analysis - Mortgage SolutionsInterest in new-build is on the rise at the moment, with lenders needing to be more innovative in order to support new-build buyers.
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?
Yahoo Finance
Mortgage rates are going back UP – but where will they end up?A number of mortgage lenders are raising their costs again in a move which will “bring further tears to the eyes of the general public”.
CityAM
Mortgage rates are going back UP - but where will they end up?A number of mortgage lenders are raising their costs again in a move which will “bring further tears to the eyes of the general public”.
The Intermediary
Brokers report a rise in down valuationsOne broker, Laura Bairstow, said: “We have noticed a definite increase in down valuations, especially in instances where the borrower only has a 5% or 10% deposit.”
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.
Express.co.uk
Slash interest rates to give Britain the boost it desperately needs, Bank toldFormer Brexit secretary Sir David Davis among leading voices calling for Governor Andrew Bailey to cut interest rates to help businesses and mortgage payers.
Mortgage Solutions
Two thirds of advisers see rise in interest-only mortgages – poll results - Mortgage SolutionsAround 64 per cent of advisers have seen a rise in customers choosing interest-only mortgages in the last year, a poll has found.
Mortgage Solutions
Brokers bemoan borrower budgets for protection ‒ analysis - Mortgage SolutionsBrokers need to be creative in finding the right protection solutions for clients with reduced budgets, intermediaries have suggested.
Mortgage Solutions
Inflation rise ‘blip’ that won’t reverse rate drops but beware swap rises – analysis - Mortgage SolutionsInflation increased in December. However, industry experts don’t see this as a portent of doom. But if swap rates rise, that could change.
BBC News
Mortgage rate cuts continue despite economic fearsLenders are reducing rates despite some concern that upheaval in the Red Sea could hit the UK economy.
Evening Standard
Nationwide ‘out in the cold’ as it stays out of mortgage rate price war for nowMetro Bank and TSB were among the latest lenders to cut rates
Birmingham Live
NatWest announces new rules for mortgage customers ‘from today’NatWest says the changes - announced on Monday - are for new and existing customers, taking its best deals below 4% in line with its competitors.
The Intermediary
UK house prices drop 1.8% in 2023, Northern Ireland and Scotland see risesThe Nationwide Building Society’s house price index for 2023 shows a 1.8% decrease in UK house prices compared to the previous year.
Mortgage Solutions
Brokers’ Christmas wishes – an election, affordability help, and a cure for gout - Mortgage SolutionsAn early election and more support on affordability are among brokers’ Christmas wishes, from a hopefully obliging Santa.
Your Money
Barclays back with a bang as it slashes suite of mortgage rates - Your MoneyBarclays will slash mortgage rates across its residential, buy-to-let purchase and remortgage ranges, with competitors set to follow
The Intermediary
Company insolvencies see annual rise of 21%Approximately 2,466 companies registered for insolvency throughout November.
Express.co.uk
Santander slashes mortgage rates again - and it’s going to help property ownersMortgage rates have been on the rise but lenders such as Santander are continuing to help property owners during a trying time.
Financial Reporter
Santander reduces new business and product transfer ratesResidential and buy-to-let rates are reducing by up to 29bps.
Introducer Today
Nationwide’s slashed rates means price war goes on to end of yearNationwide’s slashed rates means price war goes on to end of year
Mortgage Solutions
Brokers bemoan product ‘gaps’ as numbers hit 15-year high ‒ analysisBorrowers 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...