Hints and tips:
...James Pickford is deputy editor of FT Money. james.pickford@ft.com...
...David Hollingworth, associate director at L&C, said borrowers on tracker deals are likely to be reviewing their positions....
...On an interest-only deal, that would fall to £917 a month, according to broker L&C Mortgages....
...David Hollingworth, associate director at L&C, said: “I don’t think we’re out of the woods in terms of the movement in fixed rates at the moment.”...
...For a borrower with a £200,000 mortgage over 25 years on a standard variable rate of 7.99 per cent, their payments will rise by £67 a month — or £800 a year — according to broker L&C Mortgages....
...In spite of expectations that the Bank of England will raise its main interest rate this week, lenders’ appetite for business had sparked a renewed “price war” for new customers, L&C said....
...David Hollingworth, director at mortgage broker L&C, suggested the government’s original timeline for withdrawing the scheme now appeared out of kilter with market sentiment....
...David Hollingworth, director at L&C Mortgages, said: “Lenders could see their way to dropping fixed rates back a little bit. There’s more scope for them to do that.”...
...David Hollingworth, director at L&C mortgages, said it was a “real positive” that some lenders had already started to come back with fixed rate mortgages, which should lead to “more competition, sharpening...
...“The base rate changes are coming thick and fast,” says David Hollingworth, director at mortgage broker L&C....
...“The government is saying that I can’t let this flat out if it’s not at C. What if I can’t reach that and I’m forced to sell?...
...The government now proposes to raise that threshold to £10,000, given the extra cost of lifting a home to a C rating....
...Second, they were purchasing newer homes, built within the last decade, which in almost all cases carry a “B” or “C” rating....
...The National Residential Landlords Association, which represents landlords, has called for more government help for landlords in meeting the EPC level C target....
...Some will start dumping properties which they cannot get up to “C” due to the cost of changes or other reasons, causing, as the FT’s James Pickford explained, knock-on effects on affordability and the housing...
...David Hollingworth, associate director at broker L&C Mortgages, said: “Fixed rates have already reacted to the market expectation of a rate rise, so have been on the rise with the record low sub-1 per cent...
...which are the only kind of mortgage borrowers are interested in at the moment — are already on the move as a result of that expectation rising,” said David Hollingworth, associate director at broker L&C...
...David Hollingworth, director at broker L & C Mortgages, said lenders were moving to cut the flow of new business as they dealt with tens of thousands of requests for mortgage payment delays....
...Tech entrepreneur Vin Murria’s Spac has raised its bid for ad group M&C Saatchi again....
...Reporting by Josephine Cumbo, Joshua Oliver, James Pickford and Stefan Wagstyl...
...David Hollingworth, director at broker L&C Mortgages, praised TSB for “having a go” in an area of the market that many other lenders had long since eschewed, but added that the fleeting nature of the offer...
...David Hollingworth, director at mortgage broker L&C, said that the options for low-deposit lending were already limited as the housing market emerges from lockdown....
...Reporting by Madison Darbyshire, Josephine Cumbo, Emma Agyemang and James Pickford...
...25 years with a standard variable rate deal of 5 per cent, a half-point rate cut would reduce monthly payments from £1,169 to £1,111 — a difference of £690 per year — according to estimates by broker L&C...
...David Hollingworth, associate director at broker L&C Mortgages, says Tesco’s existing fixed-rate borrowers should review the options offered by the bank and compare them with those available elsewhere, “...
International Edition