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).

Swap Rates Break 4%

Swap Rates Break Through 4% As Lender Competition Slows

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

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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Interest Rate Seesaw Green & Red

Lenders Fight For Market Share As Swap Rates Increase

Mortgage Rates Fall As we step into 2024, the mortgage lending sector is witnessing an intense battle for market share. This competition is unfolding against a backdrop of global financial pessimism, heavily influenced by current UK and world events. The uncertainty surrounding these events is shaping monetary policies, adding layers of complexity to an already

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Specialist Lending Story

Specialist Lending – Helping Clients Acheive Their Goals

Specialist Finance An amazing start to 2024 as our Specialist Finance Team, in partnership with Cambridge & Counties helps a client achieve their goal. We have has always been driven by a passion to see clients succeed, and this year, we’re already witnessing the remarkable value that tailored financial solutions can bring to ambitious projects. Specialist lending

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Lenders Cut Rate For 2024

January 2024 Kicks Off With A Bang As Lenders Slash Rates Early

The UK’s largest mortgage lender, Halifax, has slashed rates to remain competitive as major lenders compete to undercut each other.  This is excellent news for homeowners and mortgage borrowers for several reasons: Lower Monthly Payments Refinancing Opportunities Increased Buying Power Stimulating the Housing Market Help Ease Financial Stress Attract First-Time Buyers Market Competition Driving Down

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Bank of England

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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