Mortgage Market - Independent Mortgages Direct NE

Coventry Champions Self Employed & New Build Mortgages

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 …

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Autumn Statement – Chancellor Forecasts Sub 2% Inflation In 2025

Inflation, Interest Rates, Mortgage Market / By Gary

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 …

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Nationwide 0% Green Additional Borrowing

Nationwide Additional Borrowing At 0%

Mortgage Market / By Gary

Existing Nationwide mortgage customers looking to fund any home improvements listed above may be eligible for their NEW – 0% Green Additional Borrowing product fixed for five years. SCHEDULE AN CALLBACK

Darlington Building Society – Self Build Mortgage Products

Mortgage Market / By Gary

Excellent team meeting with Sarah Rose from Darlington Building Society, sharing details of their new application system and extensive mortgage range covering the following specialist areas. Lending Into Retirement With No Maximum Age Holiday Lets Expat Buy to Lets Self-Build & Custom Build Renovation Projects – See Below Self Build Project If you’re looking for …

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Mortgage Price War Predicted As Lenders Offer Rate Reductions

Interest Rates, Mortgage Market / By Gary

Despite last weeks interest rate increase by the Bank of England (BoE) in a further attempt to control inflation the UK’s largest residential mortgage lender Halifax have adjusted their pricing and reduced rates by as much as 0.71% on selected fixed rate product with other big lenders having already done so sparking predictions of a …

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Mortgage Rate Reductions As Swap Rates Stabilise

Interest Rates, Mortgage Market / By Gary

Following recent reductions in Swap Rates lenders are cutting product interest rates ahead of next week’s Bank of England (BoE) Monetary Policy Committee meeting on 3rd August at which they are widely predicted to increase the Base Rate further in order to keep the pressure on to reduce inflation to their 2% target. If you …

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Chancellor Agrees New Support Measures for Struggling Mortgage Holders

Mortgage Market / By Gary

The Chancellor met with the UK’s principal mortgage lenders and Financial Conduct Authority (FCA) to agree support for people struggling with mortgage repayments. The lenders attending the meeting cover over 75% of the mortgage market and agreed the following Mortgage Charter:

Mortgage Product Numbers Fall As Lenders Pull Deals

Interest Rates, Mortgage Market / By Gary

The number of residential mortgage products has fallen by almost 7% from 5,385 deals to 5,012, while the number of buy-to-let mortgages has decreased by 14% from 2,748 deals to 2,343 in the last week which is having the predicted impact on mortgage rates with the average rates on a two and five year fixed …

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90% Lending Returns

Mortgage Market / By Gary

Lenders start to increase lending with 90% products launched this week.