Latest news for mortgage brokers and introducers - Introducer …
Rightmove becomes a bigger player for lenders and brokers. Mortgage arrears drop despite small rise in possessions. Bridging loans continue record-breaking growth. Renovation not relocation – house prices deter movers. Bank of England “navigating treacherous waters” over rate decision.
Big rise in new homes registrations means good news for …
19 hours ago · There were 19,879 private sector registrations in Q3 2024, up a substantial 58% on 2023. The rental and affordable sector saw more modest increases, with 8,845 registrations in Q3 2024, up 12% on Q3 2023 (7,866). Wood explains: “Private sector registrations experienced something of an uplift in Q3, up 58% compared to the previous year.
2025 rate falls will trigger more house sales – Rightmove forecast
19 hours ago · Tim Bannister Rightmove’s Director of Property Science, states: “Despite the post-Budget gloom, the market is more positive than last year, with average asking prices currently 1.2% higher than in 2023, in line with our forecast of a 1% increase for 2024. “We now predict that we’ll see a stronger year for prices in 2025.
Budget blues mean lenders raise rates despite Bank of England cut
19 hours ago · A slew of lenders have decided to increase mortgage rates, triggered by the expectation that the Budget will lead to higher inflation. At the end of last week Barclays, Coventry Building Society, HSBC, Nationwide, Santander, TSB and Virgin Money were amongst those to increase rates, despite the recent Bank of England base rate drop.
Breaking News Archives - Introducer Today
Nov 6, 2024 · Breaking News. 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. Written by Graham Norwood.
Housing transactions to surge in Q1 2025 – analysts’ predictions
Housing transactions in the first quarter of next year will surge, analysts predict. The end of the first time buyers’ stamp duty holiday has been confirmed as April 1 next year. This holiday was ushered in by the [2022] mini-Budget, and means there’s no stamp duty for first-time buyers on the first £425,000 of a property’s value – up ...
Mortgage approvals hit two year high despite Budget anxiety
UK net mortgage approvals edged up in September – the highest level in more than two years – after the interest rate cut at the start of August lured more buyers back to the market. Mortgage approvals on house purchases for September sit at 65,647 up (+1.1%) from 64,958 in August. Following revised figures from the Bank of England, this ...
Savills predicts rate falls to trigger year-on-year price growth until ...
Nov 6, 2024 · The five-year mainstream house price forecast launched by Savills today expects house prices to increase by 4% in 2025 (up from 3.5% previously) or £14,500, and by 23.4% by the end of the five years to 2029. Source: Savills Research. Light at the end of the tunnel. The impact of the cost-of-living crisis and rising mortgage rates is still felt ...
Bank of England “navigating treacherous waters” over rate decision
Nov 6, 2024 · Gabriel McKeown, Head of Macroeconomics at Sad Rabbit Investments says: “The Bank of England is navigating treacherous waters as it approaches this week’s rate decision. The recent Budget has cast a long shadow over policy deliberations. Following the inflation rate plummeting to below target for the first time since 2021, the stage was set ...
Brokerage creates ‘super agency’ alongside home seller and …
Three regional businesses – one mortgage broker, one conveyancer, the other an estate agent – have joined forces to create what the trio call “a super agency” to handle every aspect of a home move, plus legal and ancillary services. Sort Legal – with a head office iin Derby and a hub in Cardiff – has teamed up with South Shields ...