Dec 23, 2024 · The increase in lending will be underpinned by lower interest rates and a rise in demand for remortgaging as affordability pressures ease. In terms of affordability, the average new borrower currently spends around 15.5% of their income on mortgage interest.

Oct 30, 2024 · In its latest Economic and Fiscal Outlook, published today, the independent body says it expects average interest rates on outstanding mortgages to rise from around 3.7 per cent in 2024 to a peak of 4.5 per cent in 2027, then remain around that …

Nov 29, 2024 · This is according to the latest figures from the Bank of England, which also reveals that net borrowing of mortgage debt by individuals rose by £0.9bn, to £3.4 bn in October, , following a decrease in net borrowing of £0.3 billion in September.

Dec 5, 2024 · Coreco was founded in 2009 by former Cobalt Capital directors Montlake, Matt Lowndes and Francois Taljaard.. They were soon joined by further former senior colleagues from Cobalt, including Ingall, Rob Gill and Roy Hardy after the original brokerage became a casualty of the financial crisis.

Nov 7, 2024 · However, for older renters this drops off, as 28% of 35- to 54-year-olds think it will be possible in their lifetime. Property prices are viewed as the biggest barrier to homeownership by 69%, while 60% cite the cost of a deposit.

Jan 10, 2025 · The Mortgage Lender (TML) has reduced selected rates by up to 20bps on its buy-to-let product range. These rate cuts apply to both two- and five-year fixes on its standard, HMO/MUB, fee saver and multi-loan products. Rates now start from 4.39% for standard properties and 4.59% for HMOs and multi ...

Mortgage Finance Gazette is again partnering with Mortgage Strategy and The Openwork Partnership to bring you MFG Rated for Service 2025. This is the only annual service awards for the UK mortgage lending industry.

Jan 17, 2025 · Around 10% of adults plan to use the value of their home to help fund life after work, and more specifically, 27% of those surveyed are considering equity release as part of their future financial planning, up from 25% in 2023, says the financial firm’s latest Wealth and Wellbeing Research quarterly survey.

Jan 3, 2025 · And the stress of rejection because of these factors is impacting on applicants’ emotional health. For example, a quarter of ‘non-standard’ applicants who have tried to get a mortgage have felt stressed or upset at times during the process – including those who are self-employed, older or divorced. 14% of this group have also felt judged when trying to get a mortgage – rising to ...

Established in 1869 as the Building Societies Gazette, Mortgage Finance Gazette has been the market leading publication for the mortgage lending industry for 150 years.