Latest news for mortgage brokers and introducers - Introducer …
Nov 13, 2024 · 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.
Budget blues mean lenders raise rates despite Bank of England cut
2 days 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.
2025 rate falls will trigger more house sales – Rightmove forecast
2 days 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.
Opinion – a forecast of mortgage rates and market activity in 2025
2 days ago · The projected base rate for 2025, anticipated around 3.75% by the end of the year, also signals a more predictable environment for both buyers and existing homeowners, as mortgage repayments are expected to stabilise rather than fluctuate. “For those considering a new mortgage or thinking about stepping onto the property ladder, the current ...
Rightmove becomes a bigger player for lenders and brokers
Nov 11, 2024 · Rightmove says it’s enjoyed a 150% rise in mortgage leads for lenders and brokers over the past year. In a trading update at the start of the weekend, the portal posted revenue of some £390m for the four months to the end of October. The update says: “Our strategic growth areas of mortgages, commercial property, and rental services ...
Breaking News Archives - Introducer Today
2 days ago · 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
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 from £300,000. This applies to all homes worth up to £625,000 – up from £500,000 previously. For existing owners, the threshold was doubled from £125,000 to £250,000.
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 ...
Bridging Market shows strong performance in Q3 - Introducer Today
Nov 13, 2024 · Bridging Trends suggests this is a positive sign that signals improvement in operational efficiency alongside a 9% boost in total gross lending, with contributors recording an increase from £201.8m in Q2 2024 to £220.8m in Q3 2024. This is continuing the positive upward trend seen throughout the year and suggests market resilience during ...
Mortgage arrears drop despite small rise in possessions
Nov 11, 2024 · There was a 3% drop in home owner mortgage arrears to 93,630 in Q3, compared with Q2. The figures come from UK Finance which adds that the number of Buy To Let mortgages in arrears fell 4% to 13,000. The overall proportion of mortgages in arrears remains low, at 1.08% of homeowner mortgages and 0.67% of BTL mortgages.