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).

Lenders Cut Rate For 2024

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

Interest Rates, Mortgage Market /

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 […]

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

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

Inflation, Interest Rates /

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

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

Lenders Cut Rate For 2024

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

Interest Rates, Mortgage Market /

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

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

Aldermore Ltd Co Buy To Let Specialists

Aldermore – Limited Company But To let Specialists

Buy To Let /

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

Aldermore – Limited Company But To let Specialists Read More »

Coventry Building Society

Coventry Champions Self Employed & New Build Mortgages

Mortgage Market, New Build /

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

Coventry Champions Self Employed & New Build Mortgages Read More »

Eleven Downing Street

Autumn Statement – Chancellor Forecasts Sub 2% Inflation In 2025

Inflation, Interest Rates, Mortgage Market /

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

Autumn Statement – Chancellor Forecasts Sub 2% Inflation In 2025 Read More »

Four High Street Lenders Offer Further Rate Reductions

Swap Rates Stabilise As Lenders Offer Further Rate Reductions

Interest Rates /

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

Swap Rates Stabilise As Lenders Offer Further Rate Reductions Read More »