Independent Mortgages Direct NE

Gary Howe

Qualified and experienced Mortgage Broker and Principle of IMDNE with over 30 years experience looking after retail mortgage customers. Authorised and Regulated by the Financial Conduct Authority (FCA Ref 301727) and a member of the Association of Mortgage Intermediaries (AMI).

Royal Exchange Bank of England London Picture

BoE Holds Rates as Inflation Slows – What It Means for Mortgages

Global Risks Reflect Cautious Approach The Bank of England held the base rate at 4.25% this week, citing the need for more evidence that inflation is falling sustainably. While headline inflation has eased to 3.4%, it remains above the 2% target, with services inflation and wage growth still exerting upward pressure. The Monetary Policy Committee

BoE Holds Rates as Inflation Slows – What It Means for Mortgages Read More »

Royal Exchange Bank of England London Picture

BOE Cuts Interest Rates, How Will It Affect Your Mortgage

Further Rate Cuts Anticipated The Bank of England reduced the base rate from 4.5% to 4.25% on 8 May 2025. This 0.25% cut directly benefits approximately 600,000 tracker mortgage holders, who can expect average monthly savings of around £29. Those on standard variable rate (SVR) mortgages may also see reductions, though the extent depends on

BOE Cuts Interest Rates, How Will It Affect Your Mortgage Read More »

Royal Exchange Bank of England London Picture

Bank of England Holds Base Rate at 4.5% Amid Global Uncertainty

Stability Until May Predicted The Bank of England has maintained the base rate at 4.5%, aligning with economists’ expectations amid global uncertainties, including U.S. trade policies and domestic economic challenges. Inflation has decreased from a peak of 11.1% in October 2022 to 3%, but remains above the 2% target. The UK economy grew by just

Bank of England Holds Base Rate at 4.5% Amid Global Uncertainty Read More »

£5k Deposit Mortgages for First-Time Buyers: Eligibility Criteria

£5k Deposit Mortgages for First-Time Buyers: Eligibility Criteria Explained

Product Summary Accord Mortgages has enhanced its criteria for first-time buyer mortgages, making its existing product even more attractive for those entering the property market for the first time. To qualify, at least one applicant must be a first-time buyer—someone who has never owned a property—and applicants must have a minimum deposit of just £5,000.

£5k Deposit Mortgages for First-Time Buyers: Eligibility Criteria Explained Read More »

Mortgage Rates Drop Temporarily Despite Persistent Inflation Concerns

Mortgage Rates Drop – Will It Last? Recently, many lenders have reduced their fixed mortgage rates despite ongoing rises in swap rates. This apparent contradiction arises from lenders competing aggressively for business, temporarily cutting margins to attract borrowers. However, persistent inflation remains a significant concern. Inflation rates continue to exceed Bank of England targets, prompting markets

Mortgage Rates Drop Temporarily Despite Persistent Inflation Concerns Read More »

Property Valuation - Find Out How Much Yours Is Worth

How Much Is Your Home Worth – Find Out Now

Automated Valuation Model (AVM) An Automated Valuation Model (AVM) can be beneficial prior to taking a mortgage as it provides a quick, cost-effective, and reliable estimate of a property’s current market value. This information helps borrowers determine their loan-to-value (LTV) ratio, understand potential borrowing limits, and assess their eligibility for specific mortgage products. Additionally, it

How Much Is Your Home Worth – Find Out Now Read More »

Lenders Cut Rates

Lenders Cut Rates Amidst Rising Competition

Competition Intensifies The UK mortgage market is becoming increasingly competitive, with lenders reducing rates to attract borrowers and expand market share. Despite swap rate fluctuations, banks and building societies are aggressively pricing mortgages to meet lending targets. With housing transactions below pre-pandemic levels and affordability concerns persisting, lenders are using lower rates to retain customers

Lenders Cut Rates Amidst Rising Competition Read More »