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interest rates


Trying to come up with market forecasts over the past two years has been a bit of a guessing game. However, with almost all restrictions lifted and after 12 months of strong loans in the specialist financial market in 2021, I think we can feel a little more confident for 2022. Although gross lending in …

Eight in 10 consumers are worried about the rising cost of living over the next six months, according to a new YouGov poll. This national survey found that 39% were ‘very worried’ about the cost of living squeeze, with a further 45% describing themselves as ‘quite worried’. The findings come ahead of the Chancellor’s spring …

Molo Finance enters the residential mortgage market after securing a financing agreement with pension insurer Rothesay. The digital mortgage platform has been offering buy-to-let (BTL) products since 2018, with the new deal allowing the company to enter the residential market. Molo does this with its “FlexLife Mortgage” range, with fixed interest rates available over terms …

The LMS Remortgage Healthcheck Index hit its second-highest reading for the fourth quarter of 2021, after rising 2.6 points on faster growth in average approval values. The index, produced in partnership with CEBR, shows that the overall health check index reached 70.1. This was mainly due to a 5.7 point increase in the borrowing costs …

The Suffolk Building Society has launched new two and five year 95% LTV patches. The products, aimed primarily at the first-time buyer market, will also include independent candidates and those looking to buy a new home. The rate on the two-year contract is 3.25%, fixed until April 30, 2024. After this period, the rate reverts …

Shutterstock/Photobank.Kiev.UA Many buy-to-let (BTL) professionals are optimistic about the market outlook after a strong 2021. Mortgage strategy cited good mortgage availability, easing criteria and low rates as reasons for their optimistic outlook. This positivity is despite tougher tax conditions for homeowners and the threat of additional costs to improve the energy efficiency of homes, which, …

The cause of renewed investor interest is the search for an alternative to low savings and fixed bank rates, especially among retirees looking for regular, reliable payments that offer a return above inflation. The annual return of an average $100,000 term deposit account is $520 (or 0.5%). The return on the same amount in an …

More than half – 52% – of mortgages in 2021 were on a five-year solution, LMS’ annual mortgage report shows. Meanwhile, 37% of mortgages taken out were of the two-year type and only 2% at a 10-year fixed rate. Overall, mortgage activity increased in 2021, “with a steady increase in instruction and completion volumes following …

Affinity Mortgages will now be able to offer Proportunity equity loans to its clients, following the lender’s addition to Proportunity’s panel of brokers. The loans, which help people with limited capital to move up the property ladder, are available to first-time buyers and existing homeowners. Loans are made through brokers only, up to a value …

Without wanting to sound like a broken record, 2021 has been another year of uncertainty for all of us, owners included. However, amidst the closures and the alarming rate of inflation, there was something to celebrate for real estate investors! Helped in part by demand initially sparked by the stamp duty holiday, house prices have …

Shutterstock/Anna evlanova.ru The real estate market exploded last year, including the buy-to-let (BTL) sector. According to UK Finance, BTL buying activity grew to £18 billion in 2021, a colossal 83% increase on activity in 2020. Meanwhile, Shawbrook Bank’s 2021 Buy-to-Let report found that the value of the private rental sector grew by 5.8% in 2021, …

Shutterstock/Kletr April 2025 may seem like a long way off, but this date should stick in the minds of homeowners who own energy-intensive properties. In three years, the government hopes to bid farewell to the multitude of drafty and neglected properties that plague some corners of the private rental sector. It plans to make it …

Coming to what is – hopefully – the final round of the Covid pandemic and considering all the changes the past two years have brought to society, the economy and the way we are governed, Mortgage strategy thought it was time to ask a number of lenders what risks they were considering at the start …

“I don’t know about you, but I’m 22.” Yes, a big hello to 2022 and to all of you from Taylor and I. May I be the first to wish you a very happy new year. What? Is it February already? Either way, welcome to a bright new year and I hope you all had …

Remortgage approvals fell seven points in the third quarter of 2021, according to the latest LMS Remortgage Healthcheck Index. The decline was attributed to slower growth in average endorsement values. The LMS report shows the overall health of the mortgage market and tracks the evolution of four key indicators: the volume and value of mortgage …

A total of £4.4bn – or £12m a day – was borrowed through an equity release product in 2021, a new market report from Key details. The data shows that the number of plans organized during the year increased by 4% to 41,991, while the total value released increased by 28%. The average amount subscribed …

The Sunday Telegraph reports that HSBC is considering tightening its mortgage affordability calculations. Sources tell the newspaper that any changes to its rules would be due to the expected rise in energy costs that households will face following the energy price cap which is expected to rise by more than 50% in April. The price …

As inflation hits the headlines for the first time in decades and interest rates rise despite the spread of Omicron, fixed and variable rates remain in the foreground for many mortgage professionals, and what increases in interest rates will mean for customers. Meanwhile, and perhaps under the radar for many, the issue of Energy Performance …

House prices in England and Wales will recover from a December drop in the first two months of next year, according to Reallymoving analysis. The firm says that after a monthly drop of 1.1% in December, house prices are expected to rise 2.5% in January 2022 and 0.2% the following month. This equates to an …

As we progress rapidly in the fourth quarter (Q4) of 2021, demand in the new housing sector remains very strong. Trade statements from home builders and other market commentary indicate that consumer appetite for buying – especially new homes – is unusually high for this time of year. As fall turns into winter, large PLC …

Sustainable thinking leads to green change Ivan GuerreiroLoans Officer, Newcastle Intermediaries Cop26 ended with countless promises and initiatives promising to bring about the green change we need to preserve our world. In terms of housing, green initiatives have been more difficult to start. These days have been littered with projects that have failed or have …

Thousands of adult children are expected to receive Christmas presents, as nearly two-thirds of parents have already helped them buy a home by spending an average of £ 32,440 for deposits, according to Zoopla. The real estate website said 64% of parents helped their kids buy their first home, with 24% of parents saying their …

As we approach the end of a year, I like to take stock of the past 12 months and crystallize my thoughts on what the next 12 might look like and what I can do to improve them. This ritual seems more important than ever given the state of the world over the past two …

UK average house prices hit a new record high of £ 272,992 in November, according to the latest Halifax index. That means a monthly change of 1% – the fifth consecutive month of house price increases – and an annual growth rate of 8.2%. Halifax also notes that the quarterly change – up 3.4% – …

Net mortgage borrowing in October stood at £ 1.6bn, according to new statistics from the Bank of England (BoE), significantly lower than the £ 9.3bn recorded in September and the highest amount low recorded since July 2021. The BoE says the drop was driven by borrowing “postponed to September to take advantage of the stamp …

Image by Shutterstock / Ufuk ZIVANA Equity release professionals appear to be teeming with positivity amid record loan numbers and product selection, as well as low rates. Although many concede that the historically negative reputation of the industry still influences consumers, when Mortgage strategy polled the industry, the mood was surprisingly optimistic about the business …

Kensington Mortgages is launching its first long-term fixed rate mortgages tomorrow, allowing borrowers to freeze their monthly payments between 11 and 40 years. Flexi Fixed for Term offers are priced differently depending on the term chosen and the amount borrowed, but are available up to 95% LTV for new purchases or up to 85% LTV …

A “depressed” stream of new instructions is both dampening activity in the housing market and pushing prices to new highs, according to the Royal Institution of Chartered Surveyors. In its latest residential market survey, Rics shows the net balance of the new set of instructions at -20%, with average inventory levels falling from 42 in …

Bridge loans have returned to the highest levels seen since 2018, according to data from more than a dozen packagers in the industry. Gross lending by contributors to the survey reached £190.24 million in the third quarter of this year, the highest volume since the fourth quarter of 2018. Loans were up 30% to £146.52m …

Shutterstock-Olyy-168221678 The transition sector continues to be one of the success stories of the mortgage market in recent years. The influx of new lenders has lowered rates, making the sector more attractive and degrading the image it once had of last resort credit. A healthy appetite from investors and entrepreneurs has also contributed to the …

The Bank of England (BoE) holding the base rate at 0.10% today sparked a frenzy of commentary from market watchers – indeed, it came as a surprise. The majority of commentators so far agree that the decision is a good thing for the mortgage industry. “Despite growing pressures to tackle rising inflation, it’s encouraging to …

As we all finally settle into the full impact of Section 24, the recent government tax reshuffle has thrown another wrench into the work for rental owners (BTL). While they are certainly not industry-wide of the aforementioned interest relief changes, the changes to Dividend Tax, Corporate Tax, and National Insurance (NI ) will impact many …

Two large equity release lenders have started to tailor rates to individual borrowers and their properties, which is expected to trigger a trend in the industry. Earlier this year, Pure Retirement revealed that it will introduce custom interest rates based on each borrower’s zip code, property type, age, and loan amount. The lender continues to …

You might be able to go back, but I would be surprised if you remember exactly what you were doing on March 21, 2016. This date, however, was momentous for the entire mortgage market – and in particular for advisers, as it saw the introduction of the Mortgage Credit Directive (MCD) into UK financial services …

According to data from Responsible Life, the amount of equity released by lifetime mortgage customers has jumped 31% in one year, driven by a “rush to the middle class”. The end-of-life mortgage broker says the average amount released by its clients over the past 12 months rose from £86,000 to £112,700 in April. He says: …

Forgestone Capital CEO Trevor Blakely. (Courtesy of Forgestone) Forgestone Capital was formed eight years ago and has grown into a full-service real estate investment company with $ 6 billion in assets under management and an additional $ 1 billion in development projects. Along the way, Forgestone assembled a team of 19 people with expertise in …

If you’re looking for a new home, you’ll probably need a mortgage to finance it (unless you have several hundred thousand dollars in the bank). And it’s always a good idea to shop around for a mortgage rather than accepting the first offer you get. The reason? Each mortgage lender is unique, so you can …

We often see very wealthy clients who have significant assets but are having difficulty finding a mortgage due to their income profile. You know the customer profile I’m talking about; you probably meet them a few times a year. They usually have a large, valuable house, which may have been bought by their parents or …

The most popular video on Sam Kwak’s YouTube channel has 3.5 million views. There is nothing fancy. Just half an hour of conversation with Kwak. A few sheets of printer paper and a thick black Sharpie his only accessories. But it does offer something viewers can’t resist: the promise to magically pay off a mortgage …

Writs filed in the Supreme Court of Victoria document the default of numerous loans to finance developments and allege that investors suffered loss and damage due to the conduct and actions of Oliver Hume. The relief sought includes fair financial compensation, including payment of interest owed and the removal of Oliver Hume as trustee of …

“Old Fashioned” Mortgage Offers: Why Bother? We live in the internet age and yet it is common to receive a mortgage offer in the mail. Why do you get such offers, and are they good? The answers may surprise. Check your new rate (November 26, 2021) The mortgage offer and targeted marketing “You have no …