Mortgage Shop Financial Services In The News & Press Release Coverage
Occasionally Mortgage Shop's comments are featured in the press, here you will find some examples of news stories that we have contributed to featuring Halifax Bank
Occasionally Mortgage Shop's comments are featured in the press, here you will find some examples of news stories that we have contributed to featuring Halifax Bank
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A series of mortgage rate increases among the biggest lenders, including NatWest, Santander, and Halifax, have been announced. Experts Discuss: https://www.ftadviser.com/mortgages/2024/03/12/blow-to-borrowers-as-major-lenders-hike-mortgage-rates/?xnpe_tifc=bIzlhIYXx.VXbIHD4DbXxypsafeWaeiWhFWAhoB9bMP8b9UDRG8.adJShFzpOk4uxF1JbfYjxfeL4nTT&utm_source=exponea&utm_campaign=FTA%20-%20Morning%20Bulletin%20-%20Newsletter%20-%2012.03.24&utm_medium=email
Homeowners can now have a mortgage up to the age of 75 with the country's biggest lender, Halifax. Halifax has increased its maximum working age from 70 to 75, for applicants wanting to pay off a home loan with their wages. The lender said it was upping its age limit to help older workers who needed a mortgage later in life. Financial experts give their opinions: https://www.thisismoney.co.uk/money/mortgageshome/article-12369193/Whats-age-limit-mortgage-Biggest-lender-increases-cap.html
Following the Halifax reporting earlier this week that house prices registered the first annual contraction in more than a decade in May, UK newswire, Newspage, asked property experts if a property market crash is on the cards. The views of 10 can be seen below. https://ifamagazine.com/article/are-we-heading-for-a-property-market-crash-experts-deliver-their-views/
Hot on the heels of HSBC, Halifax has announced it is reducing its mortgage rates again on Wednesday 15 November. Following the news, one broker said some rates, based on the current direction of travel, could even start with a three before the year is out in December. https://www.birminghammail.co.uk/news/midlands-news/six-week-warning-anybody-mortgage-28103472
The London property market is bouncing back as fewer people in the capital search for countryside homes and others who have left consider moving back, experts say. More Londoners are now deciding to stay in the capital as staff are encouraged back into the office and the city's property market appears to regain its appeal to buyers. Others who have moved out from London to the countryside say they have been unimpressed by the lack of things to do, poor local transport and nosy neighbours. Experts give their feelings: https://www.dailymail.co.uk/news/article-13390965/London-property-market-countryside-Rightmove-Foxtons-Hamptons.html
From tomorrow, 1st August, Halifax is increasing the maximum working age using earned income to age 75. Newspage asked brokers what impact will this have on the mortgage market, whether the industry will see a surge in people remortgaging due to the rise in interest, and what the risks are of taking a mortgage to the age of 75. View expert's comments: https://www.financialreporter.co.uk/halifax-ups-maximum-age-to-75-for-mortgage-lending.html
Halifax has just announced selected fixed rate cuts, which will go live from tomorrow. Halifax has delivered a "a massive mortgage curveball" as it cuts fixed rates. Halifax has just announced selected fixed rate cuts, which will go live from tomorrow. With a number of other major lenders announcing rate increases today and this week, we asked brokers what's going on: https://www.birminghammail.co.uk/news/cost-of-living/halifax-issues-24-hour-warning-28686818?utm_source=linkedin.com&utm_medium=social&utm_campaign=sharebar
From tomorrow (Tuesday 1st of August), Halifax will increase the maximum working age, using earned income to age 75. Mortgage professionals shared their thoughts on how this move may affect the market going forward. https://theintermediary.co.uk/2023/07/halifax-increases-maximum-working-age-for-mortgages-to-75/
Following today's report from Halifax on H Pl - mortgage brokers and property experts have shared their reactions with Mortgage and Property Investment Magazine via a leading newswire service. https://ifamagazine.com/article/halifax-hpi-reaction-from-brokers-and-property-experts/
Interest in new-build is on the rise at the moment, brokers have suggested, with lenders needing to be more innovative in order to support new-build buyers. Prospects for new-build buyers appear to be improving, with both Halifax and Virgin Money announcing partnerships with Own New, aimed at helping purchasers with only a five per cent deposit. Brokers told Mortgage Solutions that further options to support new-build buyers were welcome, given the conclusion of the Help to Buy scheme, with many suggesting that interest in newly built homes is actually increasing currently. https://www.mortgagesolutions.co.uk/news/2024/02/27/more-options-needed-to-support-growing-new-build-interest-%E2%80%92-analysis/
