Latest news for mortgage brokers and introducers - Introducer …
First time buyers need SEVEN YEARS to save 15% deposit. Most brokers hit trouble with lenders’ technology – new stats. Mortgage expo next year to build on success of 2024…. 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.
Bridging Market shows strong performance in Q3 - Introducer Today
19 hours ago · 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 ...
Specialist lender snapped up by property and financial platform
19 hours ago · Fast-growing property and financial services platform OneDome wants to acquire specialist mortgage provider Albany Park. The purchase of Albany from Hatbox Group is pending regulatory approval by the Financial Conduct Authority; if it goes ahead it will marks what OneDome calls “a significant step in its mission to simplify the home-buying process and expand its suite of services within the ...
Rightmove becomes a bigger player for lenders and brokers
2 days ago · 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 ...
Transactions to rise but mortgage rates and taxes will dampen …
2 days ago · Hamptons says house prices will rise by 3.0% across Britain next year, followed by 3.5% in 2026 and 2.5% in 2027 as the affordability picture improves. But it has downgraded longer term growth due to high interest rates and taxes bearing down on the market. The agency claims that 2025 will mark the beginning of a new property market cycle.
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 ...
Second Charge mortgages becoming much more popular – new …
Analysis of official data from the Bank of England and Finance & Leasing Association reveals that second charge mortgage lending to UK consumers grew 17% year-on-year in H1 2024. As a result, second charge mortgages recorded the fastest growth rate of any market segment, beating the 13% growth in first-time buyer lending and 5% growth in ...
Increasing mortgage options for first time buyers
5yr 5.03% Fixed LTV 95%. 5.03%. £0. Katie Brain adds: “There’s also some uncertainty around the stamp duty threshold. It’s currently £425,000 for first time buyers but this could potentially drop to £300,000 in April 2025, depending on the budget announcements at the end of this month.
Trouble Ahead for housing market, warn brokers on Budget Day
Mortgage advisers see a difficult few months ahead for the housing market, research suggests. Mortgage network PRIMIS surveyed 223 appointed representatives across England in mid-October and found that 60% believe today’s Budget will negatively impact the housing market. However, they did also see differing fortunes for key markets in the Budget.
hottest locations for Britain’s first time buyers - Introducer Today
Luton. Eastern England. 70%. £245,207. Great Britain average (excluding London) 49%. £247,862. Leading the list, Manchester saw first-time buyers account for 75% of all home purchases made with a mortgage last year, up from 65% (+10pp) in 2020. The city is well-known for its young and vibrant population.