Latest news for mortgage brokers and introducers - Introducer …
Estate Agent Today provides daily industry, Estate Agency, Property Market, Housing, Moving Home and Online Estate Agent News updates for the UK's letting agent community.
Good News – modest improvement in housing affordability
1 day ago · There’s been a modest improvement to housing affordability over the past year says the Nationwide – but it remains stretched by historic standards. The improvement is down to earnings growth marginally outpacing house price growth and a slight reduction in average borrowing costs. Even so, a ...
Gatehouse tries to woo landlords with new buy to let loan range
1 day ago · Gatehouse Bank has announced a series of changes to its range of Buy-to-Let (BTL) Purchase Plans. This includes the launch of a new 5% fee option on two-year and five-year fixed term BTL products for UK Expats and International Residents, which is available to individual applicants as well as UK-registered SPV Limited companies.
Breaking News Archives - Introducer Today
6 days ago · Here is today’s latest news from the world of mortgages and introducers. Join the debate by leaving a comment below a story. Remember, you will need to be logged-in to do this.
Mortgage Revolution – government urges relaxation of lending rules
Jan 20, 2025 · Media reports over the weekend suggest that UK financial regulators have proposed allowing banks to lend more mortgages to first-time buyers with smaller deposits and lower incomes. This is a bid to kick-start growth in the economy, in response to a government call for more risk-taking by regulators ...
Mortgage sector cheered by latest upbeat housing market data
The mortgage sector has reacted positively to the latest house price data. The Halifax says UK house prices finished 2024 up 3.3% over the past year, with the average house price now at £297,166. Prices actually fell back slightly in the single month of December, by 0.2%, following five consecutive ...
Higher-than-expected mortgage rates hurting buyers
Jan 20, 2025 · Mortgage rates remain at unexpectedly high levels, which means many buyers are not seeing significant affordability improvements. That’s the warning from Rightmove. Its weekly mortgage tracker shows that the average five-year fixed mortgage rate is now 4.75% compared with 4.78% at this time last ...
Let’s Go! Upbeat forecast for 2025 mortgage market from IMLA
Other key predictions include an increase in gross mortgage lending from £237.5 billion in 2024 to £275 billion in 2025 (a rise of 16%), growing further to £295bn in 2026 (up 11%), with house purchase lending of £177bn and £190bn respectively, and remortgaging of £88bn then £94bn.
Mixed messages - transaction tumble over a month, but are up …
Government figures released over the weekend show that the provisional seasonally adjusted number of UK residential transactions in November was 92,640. This was 13% higher than in November 2023 but 8% lower than October 2024. The provisional non-seasonally adjusted number of residential ...
Bad News as rates set for a week of rises - Introducer Today
It offered the lowest interest rate for a five year fixed deal on a 60% loan-to-value mortgage at 3.68% and its products were amongst the cheapest rates for an equivalent 90% LTV mortgage at 4.49%.