Gary Bush's Media Coverage

Yahoo News

These rate changes are effective from tomorrow, Wednesday 8 May.

Daily Mail

The 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

Lenders continue to increase interest on their home loans, meaning borrowers may miss out on the cheapest deals unless they act quickly.

FTAdviser

A 99 per cent mortgage product for first time buyers has been launched by Yorkshire Building Society and Accord mortgages.

B2L Insider

Average 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

The value of outstanding mortgage balances in arrears is over 50 percent higher than it was a year ago.

The Observer

Homebuyers have to try to navigate their way to an affordable deal with no help in the budget to ease the pain

Birmingham Live

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

NatWest 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

“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

In the last quarter of 2021, nearly a third - 31% - of new mortgages had an end date beyond the state pension age.

Daily Mail

EXCLUSIVE: 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

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?

The Intermediary

The changes will come into effect from tomorrow (21st March 2024).

The Intermediary

The number of registered company insolvencies in February 2024 was 2,102, 17% higher than in the same month in the previous year.

The Intermediary

In its residential range, the lender will be withdrawing all of its fixed rates at 80% loan-to-value (LTV) for new borrowers.

The Intermediary

Real 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

In 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

A series of mortgage rate increases among the biggest lenders, including NatWest, Santander, and Halifax, have been announced.

Mortgage Solutions

Chancellor Jeremy Hunt has reportedly scrapped the idea of a 99 per cent mortgage scheme after lenders raised concerns.

The Intermediary

This 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

The average house price was recorded at £260,420, compared to a slightly lower figure of £257,656 in January.

Evening Standard

More ‘doom and gloom’ for borrowers ahead of Chancellor Jeremy Hunt’s budget next week

Mortgage Solutions

Interest 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

Anyone 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

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

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

One 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

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

Former 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

Around 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 need to be creative in finding the right protection solutions for clients with reduced budgets, intermediaries have suggested.

Mortgage Solutions

Inflation 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

Lenders are reducing rates despite some concern that upheaval in the Red Sea could hit the UK economy.

Evening Standard

Metro Bank and TSB were among the latest lenders to cut rates

Birmingham Live

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

The 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

An early election and more support on affordability are among brokers’ Christmas wishes, from a hopefully obliging Santa.

Your Money

Barclays will slash mortgage rates across its residential, buy-to-let purchase and remortgage ranges, with competitors set to follow

The Intermediary

Approximately 2,466 companies registered for insolvency throughout November.

Express.co.uk

Mortgage rates have been on the rise but lenders such as Santander are continuing to help property owners during a trying time.

Financial Reporter

Residential 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 year

Mortgage Solutions

Borrowers 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...

FTAdviser

The mortgage guarantee scheme has been extended by 18 months to June 2025 from December 2023, following an announcement by Jeremy Hunt in the Autumn Statement today (November 22).

FTAdviser

Barclays’s announcement of the first sub-5 per cent 2-year fixed remortgage product in months will “fire up the rest of the high street”, EHF Mortgages managing director, Justin Moy,...

Mortgage Solutions

The intermediary market has been a ‘cottage industry’ for too long, with consolidation among advice firms inevitable and necessary, brokers have argued.

London Property News

Barclays has just announced the first sub-5% 2-year fixed remortgage product for months, which will go live on Friday. Brokers said it would fire up the rest of the High…

Birmingham Live

Following the news, one broker said some rates, based on the current direction of travel, could even start with a three before the year is out in December.

The Intermediary

Hot on the heels of HSBC, Halifax has announced it is reducing its mortgage rates again on Wednesday 15th November. Following the news, one broker said some rates, based on the current direction of travel,...

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...

Introducer Today

King’s Speech This Week - leasehold reform backed by mortgage bosses

The Intermediary

Fragile client confidence and elevated borrowing costs were often cited as reasons for weaker sales.

Mortgage Solutions

Brokers have suggested that schemes like the shared ownership programme can prove effective in helping more first-time buyers onto the ladder, and prevent homeownership becoming an elite privilege.

Mortgage Solutions

Brokers hold the key to dealing with mortgage jargon, but the industry as a whole would benefit from a crackdown on meaningless terms, intermediaries have argued.

Birmingham Live

The Chair invited the Committee to vote on the proposition that Bank Rate should be maintained at 5.25 per cent.

The Intermediary

Financial 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.

The Guardian

Remortgaging at lowest level since January 1999 as borrowers face higher repayments

The Intermediary

Brokers said the reason for the low volume of remortgages is the sharp rise in product transfers, as many people have no choice but to stay with their existing lender, lenders placing more emphasis on...

Central FM

Lenders last month approved the lowest number of mortgages since January, according to figures from the Bank of England.

Financial Times

Figures from Bank of England reflect impact of high interest rates on lending and come days before policymakers’ vote

Sky News

The impact of rising interest rates is felt further as policymakers at the Bank of England prepare to make their next determination on borrowing costs.

Introducer Today

Rate Rise Rumours - latest inflation data may trigger new hike

Mortgage Professional

Maintain or raise interest rates – what will be the Bank of England’s next move?

FTAdviser

Skipton Building Society has introduced a range of low rate two-year fixes aimed at helping existing borrowers with payment difficulties, in a move one broker has called “unprecedented”.

FTAdviser

Metro Bank is holding discussions regarding the sale of its £3bn residential mortgage portfolio as part of an attempt to “shore up its balance sheet further”.

Protection Reporter

In the last six months, the individual protection market has lost Canda Life, Aegon, and now AIG Life UK, leaving advisers concerned about the future of innovation.

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.

Financial Reporter

Residential, product transfer and additional borrowing rates have reduced by up to 0.35%.

Mortgage Professional

Brokers have contradicting views on whether three-year fixes are taking over

Mortgage Professional

One broker compares it to marmite

FTAdviser

The Bank of England’s decision to hold interest rates is “quite simply fantastic news”, according to R3 Mortgages founder and director, Riz Malik.

Express.co.uk

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.

BirminghamLive

Accord have also today announced another wave of fixed rate cuts across their residential range, with up to 0.48% off their highest loan-to-value products.

Introducer Today

Mortgage affordability to be hit by council mayhem

Financial Reporter

Brokers warned bankruptcies would cause significant increases in council tax bills

This Is Money

Britain’s biggest lenders have made a series of rate reductions in recent days, giving borrowers much-needed respite after rates soared over the summer.

FTAdviser

Brokers have warned couples to be careful of who they fall in love with following the story of a pair who were refused a mortgage after one had poor credit.

The Intermediary

From tomorrow, the Society will introduce reductions across its residential, buy-to-let, new build and Government scheme product ranges.

The Intermediary

Andrew Bailey, the Governor of the Bank of England, said that the UK is transitioning from a phase of necessary rate increases to nearing the peak of the cycle.

Birmingham Live

The high street bank has confirmed cuts from 0.04% to 0.11% and the launch of a new remortgage product up to 60% LTV from Thursday September 7.

Mortgage Professional

Brokers express disappointment over the marginal rate reductions

The Intermediary

Newspage asked brokers what level they think average 2-year fixed rates need to drop to in order to reignite the property market.

The Intermediary

With 2- and 5-year swap rates also coming down over the past 24 hours, brokers welcomed the move by the TSB, albeit with caveats.

Mortgage Solutions

Around 72 per cent of brokers said they have seen no change when it comes to lender innovation on housing energy efficiency, a poll reveals

This Is Money

Halifax has increased its maximum working age from 70 to 75 for applicants wanting to pay off a home loan with their wages.

Financial Reporter

Brokers discussed the pros and cons of taking a mortgage to the age of 75.

Express.co.uk

Under current plans, the installation of gas boilers will end in 2035, though the Housing Secretary has hinted at a rethink.

Mortgage Professional

Brokers hope more big lenders will follow suit

FTAdviser

The ability for consumers to self-service their mortgage after taking initial advice is “baffling” and “flies in the face of regulatory rules”, according to Hudson Rose managing director, Graham Taylor.

Mortgage Solutions

Mortgage borrowers are potentially missing out on better deals by choosing a product transfer without advice, brokers have said.

Mortgage Solutions

The media, the government and the Bank of England have all come under fire by mortgage brokers for their role in contributing to the ongoing difficulties in the mortgage market.

Mortgage Professional

Brokers have reacted to the latest inflation data

The Intermediary

Meanwhile, the core inflation rate, which excludes volatile elements like energy and food costs, reached its highest level since 1992.

The Northern Echo

The Bank of England base rate now stands at 5 after a 0.5 percentage point hike on Thursday.

Manchester Evening News

Mortgage rates are at their highest in almost 15 years

The Independent

The Bank has pushed the base rate up to 5%, the highest it has been in nearly 15 years.

CityAM

“I fear for the property market, and a house price crash seems inevitable at this point,” Jamie Elvin, director at Brighton-based Strive Mortgages, said.

The Intermediary

Many in the financial services industry are bracing themselves for the fallout from another interest rate hike.

Mortgage Solutions

Mortgage brokers have said borrowers should remain calm and look beyond average rate figures as Moneyfacts revealed the average two-year fixed rate was now 6.01 per cent.

Your Money

Mortgage brokers have said borrowers should remain calm and look beyond average rate figures as Moneyfacts revealed the average two-year fixed rate was now 6.01 per cent.

London Property News

Ahead of this week’s Monetary Policy Committee meeting, UK newswire, Newspage, asked a selection of financial services experts whether they think the Bank of England should increase rates this week…

This Is Money

Repayments on new mortgages accounted for an average of 20 per cent of borrowers’ gross incomes between January and April, according to trade body UK Finance.

Financial Reporter

Brokers are split on the future for mortgage rates.

The Intermediary

The number of residential mortgage products available in the UK market has risen above 5,000, according to recent research from Moneyfacts.

Daily Mail

The average five-year fixed mortgage deal in Britain fell to 5.54 per cent today from 5.55 per cent yesterday - while the average two-year was at 5.9 per cent today, unchanged from yesterday.

Introducer Today

Will There Be A Housing Crash?

The Intermediary

After the UK saw its first annual house price decline in 11 years experts give their take on what’s next for house prices.

FTAdviser

The launch by Skipton Building Society of a deposit-free mortgage, specifically aimed at renters has taken the headlines by storm.

Daily Mail

The latest figures from the Office for National Statistics (ONS) showed inflation still at 10.1 per cent in March after a surprise acceleration in February.

The Argus

Some experts said the increase in mortgage approvals for house purchase is a sign of the housing market being more resilient than previously thought.

Evening Standard

Some experts said the increase in mortgage approvals for house purchase is a sign of the housing market being more resilient than previously thought.

FTAdviser

The government’s ban on financial cold calling has been welcomed by financial advisers who say the move will help build trust in the financial industry.

FTAdviser

Mortgage brokers have expressed frustration at continued conditional selling in the housing market, with some reporting unfair practices by housing associations responsible for shared ownership schemes.

Mortgage Solutions

Lenders have been urged to focus their efforts on building relationships with brokers, ensuring that intermediaries do not spend interminable periods on hold, if they want to offer better support.

Financial Reporter

Industry experts agreed that whether a buyer or a seller has the upper hand can differ by location, property type, and more.

IFA Magazine

Newspage®, asked mortgage brokers and financial services tech experts how fintech lenders compare to traditional high street lenders. The views of brokers

Mortgage Professional

Brokers examine the benefits of high street versus fintech lenders

Financial Reporter

Brokers were split on the potential strengths of fintech mortgage lenders.

Financial Reporter

Brokers discussed the pros and cons of longer term mortgages.

Express.co.uk

EXCLUSIVE: Zero-deposit mortgages could prove invaluable to people trapped in extortionately-priced rental cycles, but are they as good as they sound? Express.co.uk spoke to mortgage experts to find out...

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.

IFA Magazine

AI technology is without doubt the future we are heading towards. However, what that future looks like is still unclear. How will AI be used? Will it repl

Mortgage Solutions

Three-year fixed mortgages could be a good product for borrowers who feel alternatives are too long or short, but a lack of options and inconsistent pricing means they are often not chosen.

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).

IFA Magazine

With the latest UK inflation data published this morning showing an unexpected jump to 10.4% to the end of February from 10.1% in January, it will not only give

IFA Magazine

Free PR platform, Newspage, asked brokers what they think of mortgage comparison sites. Some believe they have a role, others believe they simply cause confusio

Financial Reporter

Mortgage brokers were split on whether the use of AI tools like ChatGPT would be a help or hindrance to the conveyancing and remortgage process.

FTAdviser

Brokers have said they are sceptical of fintech lender Gen H’s new in-house conveyancing service that promises to pass profits back to the customer.

Financial Reporter

Brokers discussed what rate decision they believe the Bank of England will make.

Mortgage Solutions

Barclays’ acquisition of Kensington Mortgages could reinforce its existing proposition and signal the start of high street lenders diversifying into new markets.

IFA Magazine

Following Robert Gardner of Nationwide outlining the challenges faced by first-time buyers this morning in the lender’s February HPI, Newspage asked brokers wh

CityAM

The number of mortgage deals available has surpassed 4,000 for the first time in six months according to a financial information website.

Mortgage Solutions

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

IFA Magazine

Following the Nationwide January house price index published this morning, Newspage have shared the thoughts of estate agents, mortgage brokers and financial

The Intermediary

House prices declined for the fourth consecutive month in December with the rate of annual house price growth dropping to 2.8%, according to Nationwide’s latest house price index.