Mortgage Finance Gazette
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.
Mortgage industry predictions for 2025 – Mortgage Finance Gazette
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.
Landlords upbeat over portfolios for year: Butterfield
Oct 14, 2024 · This is according to Butterfield Mortgages whose survey of 501 UK landlords with BTL mortgages, found that two-thirds (60%) are optimistic – both in terms of capital growth and rental returns – about the future performance of their property investments.
BoE figures show increase in mortgage approvals
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.
FCA’s plans for review of vulnerability are ‘no surprise’: Gething
Dec 17, 2024 · Gething says: “A simple check firms can undertake themselves is the number of vulnerable customers they have recorded.” “A recent FCA survey revealed that 49% of portfolio managers and 69% of stockbrokers reported they had zero vulnerable customers – which should be a big red flag.”
Budget 2024: OBR shares its house price and rates forecast
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 …
Mortgage Finance Gazette Rated For Service 2025
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.
Older borrowers taking out longer loan terms increases 156%: …
6 days ago · The number of older borrowers taking out longer loan terms has increased 156% over the last five years, Quilter reveals. Analysing data from New Freedom of Information, Quilter found that in the first nine months of 2024, 22,103 mortgages with a term of 35 years or more were sold to people aged over ...
Santander, HSBC and TSB all increase rates despite BoE cut
Nov 12, 2024 · Bank rate decision. Mojo Mortgages head of mortgages John Fraser-Tucker pointed out that the move by lenders might to some seem counterintuitive given the Bank of England’s recent decision to lower the base rate to 4.75% – the second reduction this year.
Buyers to pay stamp duty on 93% of homes if Budget rumours right
Oct 29, 2024 · Leeds estimates that the average first-time buyer renting privately in London would need to save for an extra 12 months to afford their own property if current threshold lapse, on top of the 25.8 years it would likely take them to save the initial average deposit.