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...Boulger points to Virgin Money’s Fix and Switch product, a five-year fixed-rate mortgage which waives its early repayment charge after two years....
...Perenna Bank, a new lender focused on long-term fixed rate mortgages, won a government green finance grant to develop a product to encourage retrofitting: It thinks a discount of 0.2 to 0.3 percentage points...
...This is mortgage spreads, in pink, and investment-grade credit spreads, in green. They’ve blown apart. Unhedged: Why? Bassman: As a conceptual example, say the bond market is at $100....
...Mortgage rates have eased from their 2023 highs, allowing more buyers to consider a purchase. Mortgage approvals hit 55,000 in January 2024, up from 44,000 in September 2023....
...The “effective” interest rate — the actual interest paid — on newly drawn mortgages fell 0.29 percentage points to 4.9 per cent in February....
...But if you do believe that there is a size factor, the above point about valuation shifts still applies). The second point is closely related....
...“Many people watching have had to change their plans over the last year or so because of higher mortgage rates, energy bills, higher taxes,” she told BBC Breakfast....
...The public has yet to be convinced of that point....
...The BoE data also showed the “effective” interest rate — the actual interest paid — on newly drawn mortgages fell by 6 basis points to 5.28 per cent in December, marking the first drop since November 2021...
...Shakespeare’s green-eyed monster is stalking the biggest UK and European public companies....
...The “effective” interest rate — the actual interest rate paid — on newly drawn mortgages fell 0.29 percentage points to 4.9 per cent in February, according to the central bank....
...“2016 was a turning-point year — the Brexit vote hit employment growth in London and we started to see lower inward investment on the increased uncertainty,” he said....
...The BoE also reported that the “effective” interest rate — the actual interest paid — on newly drawn mortgages fell 9 basis points, to 5.19 per cent in January....
...The 0.19 percentage point jump from February 9 marked the biggest weekly increase since rates hit a 23-year high in October....
...The BoE said January’s “effective” interest rate — a measure of the weighted average cost — on newly drawn mortgages fell 9 basis points, to 5.19 per cent....
...My overall point was about how important creative thinking is.”...
...The BoE data on Tuesday also showed that the share of gross mortgage advances for buy-to-let purposes fell by 4.9 percentage points year on year in the final quarter to 7 per cent, the lowest since 2010....
...US mortgage rates ended 2023 more than 1 percentage point below their recent peak, buoying the domestic housing market going into the new year....
...Miranda Green What, a last-minute chicken run? George Parker Why not? Miranda Green Whoa! Lucy Fisher One to watch. Miranda Green Lucy, what about you?...
...Under Keir Starmer’s plan, the restructured tax will raise £10.8bn over five years to fund half of its flagship “green prosperity” plan which it slashed last week from £28bn a year to £4.7bn a year....
...Miranda Green So in a sense, he won. And that’s the point. Robert Shrimsley In a sense, he won. Miranda Green He wants to win . . . Robert Shrimsley The argument, yeah....
...Net mortgage approvals for house purchases rose to 50,100 in November from 47,900 in October, according to the Bank of England....
...Miranda Green Yeah, absolutely. So and of course, to your point on the childcare reforms, it’s very interesting this in terms of who benefits....
...This is part of the “green squeeze” currently affecting African producers....
...But the latest data from the Bank of England suggests that was roughly the point at which behaviour changed, and a lot more mortgage borrowers tilted towards shorter-term fixed rates: Look at that squeeze...
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