Inflation falls To 1.7% The Office for National Statistics (ONS) has reported a sharp drop in inflation for September 2024. The Consumer Prices Index (CPI) rose by just 1.7% in the year to September, down from 2.2% in August.This is the lowest inflation rate in over three years, falling below the Bank of England’s 2% […]
UK Inflation Falls Below 2% Target, Pressure On Bank of England to Act Read More »
Specialist Property Finance 🌟 Huge congratulations to Paul Mansell, for passing the London Institute of Banking & Finance (LIBF) Certified Practitioner examination in Specialist Property Finance (CPSP)! 🌟 This is a fantastic achievement and a testament to Paul’s expertise and dedication in the field of specialist lending. If you’re seeking expert advice on specialist property finance,
Certified Practitioner In Specialist Property Finance – Paul Mansell Read More »
Mortgage Rates Rise Mortgage lenders are raising rates in response to global economic uncertainty and a consistent rise in swap rates. This shift intensifies market competition as lenders battle it with reduced profit margins to secure market share and build a strong pipeline ahead of 2025. Several factors contribute to this trend, including the increasing
Global Volatility Drives Up Mortgage Rates – What You Need to Know Read More »
Budget Anticipation The upcoming Autumn Budget is becoming a critical factor influencing financial markets. This budget is particularly significant as it arrives at a time when the UK is grappling with inflation, slowing economic growth, and the need for fiscal responsibility after years of pandemic-related borrowing. The budget’s impact on inflation, government debt levels, and
Beat The Budget – Book Your New Mortgage Rate Early Read More »
THANK YOU 🌟🌟🌟🌟🌟 Another amazing week here at IMDNE as we received more glowing 5-star reviews from our incredible clients! The Team are beyond grateful for their kind words and trust in our services. Your feedback fuels our passion and commitment to delivering exceptional experiences every day. Thank you for choosing us, and we look
Great Week For Client Reviews Read More »
Green Living Reward – Cashback We had a fantastic meeting with Dale Wighton from Halifax, who couldn’t help but grin ear to ear as he split the beans about Halifax’s new “Green Living Reward” You know it will be good when someone smiles that much while talking about a rewards program. Halifax is about to
Halifax Launch “Green Living Reward” Cashback Reward For Mortgage Customers Read More »
Base Rate Held Bank of England’s (BoE) Monetary Policy Committee (MPC) voted 8-1 to maintain the current Base Rate at 5.00%. The BoE decision to hold its base rate at 5%, even after the US Federal Reserve (Fed) cut its base rate by 0.5%, could be due to several key factors reflecting differences in economic
Base Rate Held At 5.00% – Inflation Stands At 2.2% Read More »
Rate Reductions Continue Continued reductions in swap rates have further lowered lenders’ fixed-rate mortgage products. With increasing competition, lenders may continue cutting rates to undercut rivals and attract more customers. This decline in mortgage rates has not only heightened competition but also improved affordability for borrowers. As competitive pressures drive borrowing costs down, consumers benefit from
Enhanced Affordability For Borrowers As Swap Rates Fall Below 4% Read More »
Policy & Criteria Changes for New Build Houses Policy Change Atom Bank has launched products designed to help people in Greater London and the South East acheive theit homeowner dreams by enhancing affordabioty and increasing the Loan to Value (LTV) limits for New Build houses within the postcode prefixes listed below. Greater London SM,
ATOM Bank Launch 95% LTV For New Build Houses In Greater London & South East Read More »
Base Rate Reduced To 5.00% The Bank of England (BoE) has cut interest rates from 5.25% to 5%, marking the first reduction since the pandemic began. The decision was close, with the BoE’s monetary policy committee (MPC) voting five to four in favor of the cut. Policymakers have been trying to manage inflation, which was
Bank of England Lowers Base Rate From 5.25% To 5.00% Read More »
