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 appeared in from Mortgage Introducer
Occasionally Mortgage Shop's comments are featured in the press, here you will find some examples of news stories that we have appeared in from Mortgage Introducer
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Technology has become an increasingly prevalent subject within the mortgage market, spurred on by the restrictions of the pandemic, which made many of us more reliant on innovative communication tools. With the gradual expansion of fintech lenders into the mortgage market, some brokers have heralded this alternative option, while others are dismissive. View top firms' comments. https://www.mpamag.com/uk/mortgage-industry/technology/how-do-high-street-and-fintech-lenders-compare/443902
The UK's monthly gross domestic product (GDP) showed no movement in February, missing the 0.1% month-on-month growth expected by analysts following a 0.4% progress recorded in January. The Office for National Statistics (ONS). however, noted that, looking at the broader picture, the UK's GDP grew by 0 .1% in the three months to February 2023. Top Mortgage Brokers React to this Story. https://www.mpamag.com/uk/news/general/uk-economy-flatlines-in-february/442670
As we edge closer to March, the patterns of 2024 are firmly in place in the mortgage market, and principal among these is rising demand amongst first-time buyers. So, how is this area of the market performing in 2024? Mortgage Introducer reached out to several brokers operating within the space to find out: https://www.mpamag.com/uk/mortgage-types/first-time-buyer/first-time-buyer-market-how-is-it-performing-in-2024/478605?utm_campaign=Editorial-MI-NS&utm_content=283680139&utm_medium=social&utm_source=linkedin&hss_channel=lcp-10642925
HSBC has announced rate cuts on its residential fixed rate products, becoming the first high street lender to do so, as swap rates continue to head on a downward trajectory. From tomorrow, July 26, certain two-, three-, and five-year fixed fee saver, fixed standard, premier exclusive, and tracker standard products at up to 90% loan-to-values (LTV) on the lender’s residential first-time buyer and home mover products, residential remortgage, and international residential purchase ranges will have their rates decreased. Meanwhile, Accord Mortgages has also announced reductions of as much as 0.45% on its residential fixed rates, also taking effect from tomorrow. Financial Advisers React: https://www.mpamag.com/uk/news/general/hsbc-becomes-first-high-street-lender-to-slash-mortgage-rates/453884
With inflation rising by 0.7% on a monthly basis, according to the latest consumer price inflation (CPI) figures from the Office for National Statistics, Mortgage Introducer sought the views of several brokers to understand what this means for the housing market. Brokers react to the latest inflation data: https://www.mpamag.com/uk/mortgage-industry/market-trends/inflation-rise-is-a-disaster-for-the-market/450294?tu=dfdc9428-69d3-4fa0-bb8c-cbbfb4c802a1&utm_campaign=&utm_medium=20230623&_hsmi=263669015&_hsenc=p2ANqtz-8SWXcZVdNlcwgCM50DDLXhFn54NSFdyVqZxUlOflSooJWxI_gqIZCeCPnFboYm8z772S2xSYCF-3y0Q0ATNcl2QCQKdw&utm_content=dfdc9428-69d3-4fa0-bb8c-cbbfb4c802a1&utm_source=
Barclays has completed the acquisition of Kensington Mortgages, subject to regulatory approval. As part of the agreement, all of the specialist lender's employees will become part of the wider Barclays group, though Kensington will continue its day-to-day operations as usual. Reaction from brokers has been mixed, including one from our very own catwalk model. https://www.mpamag.com/uk/mortgage-types/residential/kensington-sells-to-barclays-to-build-on-expansion-plans/439524
Annual inflation rate in the UK remained at 6.7% in September, dividing expert opinion on whether the Bank of England will raise or maintain interest rates again in November. The latest consumer price inflation (CPI) data published by the Office for National Statistics (ONS) on Wednesday also showed a 6.1% rise in core inflation in the 12 months to September, down from 6.2% in August. “After last month’s fall, annual inflation was unchanged in September,” reported Grant Fitzner, chief economist at the Office for National Statistics. “Food and non-alcoholic drinks prices eased again across a range of items with the cost of household appliances and airfares also falling this month. These were offset by rising prices for motor fuels and the cost of hotel stays. Experts give their opinions: https://www.mpamag.com/uk/news/general/uk-inflation-stays-at-67/463493
High street lender Santander has announced further rate reductions on selected residential remortgage fixed rates by 0.04% to 0.11%, with lowered rates available from tomorrow, September 7. However, brokers were apparently disappointed by the small rate cuts made by Santander. https://www.mpamag.com/uk/mortgage-types/residential/santander-cuts-rates-by-up-to-011/458762?hsmemberId=627862&tu=dfdc9428-69d3-4fa0-bb8c-cbbfb4c802a1&utm_campaign=&utm_medium=20230906&_hsmi=273188599&_hsenc=p2ANqtz-8o5mFfCXzBSf2NufKDGj_Hig2BccSMjy9xlOmlybqqmP8LP7JtiepSi-A12vkD9wKQ_641LXUiHcjz84BjnfE6B3ZW8Q&utm_content=dfdc9428-69d3-4fa0-bb8c-cbbfb4c802a1&utm_source=
Reliance on the Bank of Mum and Dad will persist until house prices drop. While the entire housing market has endured a raft of challenges in recent times, first-time buyers have felt the brunt of these. As a result, many first-time buyers’ reliance on the Bank of Mum and Dad has only grown. So, what have brokers seen on the ground? https://www.mpamag.com/uk/mortgage-industry/market-trends/how-important-is-the-bank-of-mum-and-dad/468742?hsmemberId=627862&tu=dfdc9428-69d3-4fa0-bb8c-cbbfb4c802a1&utm_campaign=&utm_medium=20231204&_hsmi=285070640&_hsenc=p2ANqtz-_ZGgXZXi_7_4oJ4BVjT6SDEQ_Id8lvvgWcaX-Rizp0UcLWViIsGomsdHdlSSOkf9Vns4tbgS2JkITvbL8M9CW3noRxTg&utm_content=dfdc9428-69d3-4fa0-bb8c-cbbfb4c802a1&utm_source=
In a market beset by challenges for first-time buyers, the increasing importance of family assistance is clear to see. Parents are expected to provide £17 billion in gifts and informal loans this year, with most transfers from the over-50s to children in their late 20s and early 30s, according to the Institute for Fiscal Studies. Mortgage Introducer spoke to Gary Bush (pictured), financial adviser at MortgageShop https://www.mpamag.com/uk/mortgage-types/residential/how-important-is-the-bank-of-mum-and-dad-for-first-time-buyers/466399
