Independent Mortgages Direct NE

Gary

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

Bank of England Holds Base Rate At 5.25% While Swap Rates Fall Below 4%

Base Rate Held At 5.25% The Bank of England (BoE) Monetary Policy Committee voted again today to hold the Base Rate at 5.25% for the third consecutive month amidst concerns that stubborn inflation remaining more than double the BoE’s 2% target is starting to affect the wider economy with fears of a protracted slump or

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Lenders Cut Rate For 2024

Competition Mounts For Market Share In 2024 – Further Mortgage Rate Cuts

Nationwide Building Society has reduced selected rates across their range again today, the eleventh reduction in four months, as they try to remain competitive amidst stiff competition from several other lenders jockeying for market share into the first quarter of 2024. The tables below show further Swap Rate reductions in the last three weeks since

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Aldermore Ltd Co Buy To Let Specialists

Aldermore – Limited Company But To let Specialists

Excellent team meeting with David McKenzie, presenting Aldermore’s Buy To Let proposition with a flexible approach to underwriting for Limited Company applications. Many of their product features for serious landlords looking to build a portfolio in the most tax-efficient manner, including:  Tax Efficiency & Planning Personal Liability Estate Planning and Inheritance Access to Finance Flexibility

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Coventry Building Society

Coventry Champions Self Employed & New Build Mortgages

Great meeting today with Team Coventry Building Society’s Mark Simpkins and Phoebe Lenderyou, talking through this year’s market volatility and looking forward to proposition improvements and increased competition in 2024 through enhancements to their Self-Employed and New Build mortgage offerings backed by an exceptional average of eight days to offer current service levels. Self Employed

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Eleven Downing Street

Autumn Statement – Chancellor Forecasts Sub 2% Inflation In 2025

Inflation Forecast In today’s Autumn Statement (for Growth), Chancellor Jeremy Hunt said the Government was on track to reducing debt, cutting taxes, and controlling inflation. With inflation down from 11.1% when he and Prime Minister Rishi Sunak took office to 4.6%, he went on to say the Office for Budget Responsibility (OBR) has forecast inflation

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Four High Street Lenders Offer Further Rate Reductions

Swap Rates Stabilise As Lenders Offer Further Rate Reductions

Chancellors Autumn Statement Following last week’s figures for inflation and stabilisation of the Swap Rates, some lenders have started to offer further rate reductions ahead of Chancellor Jeremy Hunt’s Autumn Statement tomorrow.  This pivotal Autumn Budget will lay out the government’s policy, budget changes, and economic outlook, providing forecasts often used by business planners for

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Inflation Graph To October 2023

Inflation Falls, Swap Rates Down – Mortgage Rate Cuts On The Way ?

The Office for National Statistics (ONS) released figures today showing better-than-expected figures for inflation, which fell sharply from 6.7% in September to 4.6% in October. The sharp fall in inflation is mainly attributed to another fall in energy prices.   The sharp fall in inflation justifies the Bank of England (BoE) Monetary Policy Committee’s decision to

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