Independent Mortgages Direct NE

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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).

Interest Rate Seesaw Green & Red

Lenders Increase Rates As Swap Rates Remain Steady

Interest Rates, Mortgage Market /

Lenders Increase Rates This week, a wave of lenders increased their rates upward, driven by unexpected inflation figures. As consumer prices returned above initial forecasts, lenders faced heightened operational costs and increased risk exposure. To maintain profitability and safeguard against inflationary pressures, these lenders are compelled to adjust rates accordingly. What Next For The Bank […]

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Dudley Building Society

Ex-Pat Foreign Currency – Residential and Buy to Let Mortgages

Buy To Let, Purchase /

Ex-Pat & Foreign Currency Residential & Buy-to-Let Mortgages In today’s global market, navigating the intricacies of mortgage offerings can often feel like traversing a complex maze. However, amidst this complexity, there are gems to be found with lenders’ propositions tailored to meet the diverse needs of potential homeowners and property investors. One such gem is Dudley

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Glenhawk Bridging

Glenhawk Offers Flexible Bridging Finance Solutions

First Time Buyer, Interest Rates, Purchase /

Bridging Finance – Flexible Solutions Great meeting between Paul Mansell and  Annaliese Melvin from Glenhawk, a leading name in bridging finance, who has recently unveiled a comprehensive range of new products designed to cater to diverse property scenarios. Whether you’re a seasoned property investor, a developer, or a homeowner looking for financial solutions, Glenhawk’s latest

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Victoria Goodman - TSB

TSB Increases Affordability For First Time Buyers

First Time Buyer, Interest Rates, Purchase /

Increased Affordability For First Time Buyers Excellent team meeting today with Victoria Goodman, discussing how many first-time homebuyers need help determining if they can afford their dream house, particularly in light of soaring property prices. In a unique and bold move, TSB has introduced new products to their mortgage range, specifically designed to improve initial

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Mortgage Rate Lottery Ball

Has The Bank Of England Waited Too Long To Cut Rates?

Interest Rates /

Tracker Mortgages – Time to Get Out? Economists and financial experts analysing the mortgage market recommend that now might be the best time to switch from a variable-rate mortgage. This advice comes after approximately 77,900 homeowners opted for variable-rate mortgages in 2023, the highest number since 2017. Currently, the lowest available tracker mortgage rate is

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HSBC

HSBC’s Pivotal Role in Shaping the Mortgage Market

Mortgage Market, Purchase, Re-Mortgage /

Excellent team meeting today with Lucy Hall, discussing how HSBC has emerged over the last six months as a formidable force in the mortgage market, significantly influencing lending trends and interest rates. This period has seen the banking giant expand its mortgage offerings and introduce competitive rates that have benefitted borrowers. HSBC’s strategic moves have enhanced

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Swap Rates Break 4%

Swap Rates Break Through 4% As Lender Competition Slows

Interest Rates /

Mortgage Rates Under Pressure The swift rise of swap rates to over 4% marks a critical juncture for the mortgage industry. This increase elevates the cost of borrowing for lenders, directly impacting their profit margins. Fueled by intense competition, the recent trend of reducing mortgage rates faces a sustainability crisis. Lenders can only maintain these

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Enhanced Affordability For Company Directors

Virgin Money & Clydesdale Offer Enhanced Affordability For Company Directors

Mortgage Market /

Excellent team meeting with Kim Dickinson, presenting Virgin Money and Clydesdale’s Enhanced Affordability calculations for Limited Company Directors. Mortgage affordability can significantly improve by strategically utilising both salary and share of company profits. Traditionally, lenders focus on personal income for mortgage assessments. However, directors often reinvest earnings into their businesses, understating their true financial capacity.

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