Hints and tips:
...Simon Gammon, managing partner at mortgage broker Knight Frank Finance, said the combination of lower than expected inflation figures and the BoE’s decision to hold rates firm — amid optimistic comments...
...“It gives people options,” said Gammon....
...“We are seeing a delay in what we hoped would happen, that mortgages would come back down to 3 to 4 per cent,” said Gammon....
...“They tend to be like buses — when you have one lender who moves, that reorders who is the most competitive,” said Simon Gammon, founder and managing partner at broker Knight Frank Finance....
...Simon Gammon, managing partner at mortgage broker Knight Frank Finance, said: “Rates at this level are going to come as a shock to the 1.4mn or so households that face remortgaging this year.”...
...Simon Gammon, founder and managing partner at broker Knight Frank Finance, said: “They’re nervous about lending at a loss.” The issue of rising mortgage costs is becoming increasingly political....
...James Christopher, a homeowner near Norwich in his forties, came to the end of his five-year fix — on a rate of 1.9 per cent with Nationwide — in March....
...Simon Gammon, managing partner at broker Knight Frank Finance, said that was “a highly personal decision” because it came “with the risk that your monthly payments will rise if the BoE opts to raise interest...
...“At the moment, five-year fixed rates are cheaper than two-year fixed rates,” said Gammon....
...Simon Gammon, managing partner of mortgage broker Knight Frank Finance, says the “full shock” of the mortgage rate rise has yet to hit landlords, but will intensify later this year as more fixed rate terms...
...Chief operating officer James Dixon and chair David Gammon seem to think the reward isn’t enough. In the past few weeks, Dixon has sold £281,000 worth of shares while Gammon sold £490,000....
...“We’re in for a bumpy week,” said Simon Gammon, managing partner at broker Knight Frank Finance....
...Simon Gammon, managing partner at mortgage broker Knight Frank Finance, said: “We are expecting fixed rates to continue to fall back slightly — they are still overpriced because lenders don’t have an appetite...
...“They’re essentially pricing themselves out of taking on lots of work while they assess,” said Simon Gammon, founder and managing partner of Knight Frank Finance....
...Gammon at Knight Frank Finance says the shift in mood among buyers seeking mortgage finance has been tangible over the past month, as the “sellers’ market” of the past two years fades....
...Simon Gammon, managing partner at Knight Frank Finance, said: “Lenders are already repricing their product lines rapidly, often as much as twice a week....
...Simon Gammon, managing partner at broker Knight Frank Finance, said the time taken between agreeing a rate and drawing down the money had “ballooned” in the past fortnight....
...Reginald Gammon was more direct, with a realistic rendering of marchers on the National Mall. Hope segues to despair with John F Kennedy’s assassination a few months later....
...Beckham, we discover, loves going out to expensive restaurants but is also partial to jellied eels, gammon with pineapple and toasties filled with baked beans....
...The prospect of rate rises nonetheless means those who have stretched their finances to take out a mortgage should consider their options to lock in a cheaper deal before rates rise further, said Simon Gammon...
...“It’s rubbing salt in the wound,” says Gammon....
...Reporting by Emma Agyemang, Josephine Cumbo, Madison Darbyshire, James Pickford and Stefan Wagstyl...
...“If you have significantly improved a property and created value, the only way a bank would be prepared to lend on that new value would be if they could go and have a look,” said Simon Gammon, managing partner...
...Additional reporting by James Pickford in London...
...Speed is the chief motivation for this open-ended arrangement, Mr Gammon says....
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