Hints and tips:
Related Special Reports
...Simon Gammon, managing partner at Knight Frank Finance, said: “Demand for mortgages to buy homes has been rising since the new year and momentum will continue to build into the summer.”...
...Its price to book value of nearly 3 times trumps that for mortgage-heavy Wall Street banks like JPMorgan, Bank of America and Wells Fargo. But Rocket doesn’t have appreciably higher return on equity....
...The number of new mortgages taken out by older borrowers — aged over 55 — fell by 37 per cent year-on-year in October, November and December last year, according to data from trade body UK Finance....
...In Canada and the US, lenders and mortgage brokers are required to be licensed with local financial authorities....
...But Chris Sykes, consultant at broker Private Finance, said the minimum five-year fix would allow borrowers time to work through any short-term fluctuations in property prices and for the mortgage balance...
...Simon Gammon, managing partner at broker Knight Frank Finance, said: “The recovery in housing market activity is taking hold despite an uncertain start to the year for mortgage rates.”...
...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...
...Karen Noye, mortgage expert at wealth management company Quilter, said: “The large increase in mortgage rates seen over the last couple of years is really starting to bite for some borrowers and this is...
...The problem from the perspective of a markets and finance blog is that mortgage-market dynamics hinge on quantifiable and measurable metrics, whereas the UK rental market is more like a prisoner’s dilemma...
...Please email money@ft.com and we will keep your message in confidence....
...Net mortgage approvals for house purchases rose from 51,500 in December to 55,200 in January — the highest in 15 months and above the 52,000 forecast by economists polled by Reuters....
...Katy Eatenton, mortgage and protection specialist at financial services group Lifetime Wealth Management, said the data highlighted “the immense pressure tenants are under....
...I can’t flaunt it on my wrist or ring finger, but I can thankfully afford to pay my mortgage and my tax bill....
...Stephen Perkins, managing director at Norwich-based broker Yellow Brick Mortgages, said: “The start of 2024 was exceptionally strong as the mortgage rate war reigned supreme and demand went through the roof...
...Tomer Aboody, director of property lender MT Finance, said high inflation and interest rates had weighed on the property market last year, but “better sentiment is expected with encouraging prospects for...
...House prices rose at the end of last year, according to the mortgage providers Halifax and Nationwide....
...Sberbank’s net interest income climbed almost 40 per cent in 2023, driven by growth in its mortgage and corporate loan portfolios, which increased by around 35 and 25 per cent respectively....
...HSBC has become the latest lender to raise its residential mortgage rates following similar moves by Santander, NatWest and Nationwide in recent weeks....
...Although critics questioned how Freeman could be struggling to afford a £2,000 mortgage on a salary of nearly £120,000, the Tory MP told The New Statesman on Monday that his finances were “not what they...
...“The Prudential Regulation Authority could have concerns about banks’ exposure to 99 per cent loan-to-value mortgages, even if partially underwritten by government, and could look for additional capital...
...Two and five swap rates used to price mortgages have fallen sharply in recent months and are down almost 150 basis points since the summer....
...Even the inventory of new homes dipped a bit in 2023, as high mortgage rates put a damper on Americans’ desire to finance anything....
...Big lenders Barclays and Santander announced fresh mortgage rates cuts this week, adding to cuts by HSBC and Halifax last week....
...“We’ll need to be more prudent with our finances and tighten the purse strings a little. But before, it would have just been too tight,” he says....
...Harps Garcha, director at Slough-based broker Brooklyns Financial, said: “Lower mortgage rates, falling inflation and the prospect of a cut to the base rate sooner rather than later, are driving demand and...
International Edition