Independent Mortgages Direct NE

Interest Rates

Mortgage Rate Lottery Ball

Lenders Resume Fight For Business As Swap Rates Continue To Rise

Rate Reductions Amidst Uncertainty In a bold move this week, numerous lenders have opted to reduce their rates, aiming to invigorate business volumes in the face of persistent inflationary pressures. Despite reports indicating stubborn inflation, these lenders are betting on rate reductions to stimulate demand and bolster their market share. The decision comes amidst widespread […]

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Bank of England

Base Rate Held At 5.25% As Inflation Falls To 3.4%

Base Rate: 5.25% Inflation: 3.4% Average House Price: £285,000 Bank Of England MPC – Why They Are Wrong It’s a glaring disgrace that the Bank of England’s Monetary Policy Committee (MPC) has voted 8-1 to turn a blind eye to the genuine financial struggles facing the public despite a noticeable drop in inflation. With inflation

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Interest Rate Seesaw

Lenders Increase Rates As Swap Rates Remain Steady

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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Glenhawk Bridging

Glenhawk Offers Flexible Bridging Finance Solutions

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

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?

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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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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Interest Rate Seesaw

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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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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