Hints and tips:
...“We had a lot of good news in recent months, helped by falls in inflation,” said David Hollingworth, associate director at broker L&C Mortgages....
...However, “If people do lock in a rate, it doesn’t mean they have to take it when the time comes,” says David Hollingworth, associate director at L&C Mortgages....
...Five unmissable stories this week Baillie Gifford’s flagship Scottish Mortgage Investment Trust asked one of its non-executive directors to resign at a board meeting on Thursday, following what he said...
...“The base rate changes are coming thick and fast,” says David Hollingworth, director at mortgage broker L&C....
...“The people who are going to feel this immediately are on the variable deals — particularly those on standard variable rates,” said David Hollingworth, associate director at L&C Mortgages....
...“There are no equivalent 100 per cent mortgages in the standard market,” says David Hollingworth of UK mortgage broker L&C....
...David Hollingworth, associate director at broker L&C Mortgages, said the rise to 1 per cent could leave borrowers on a 25-year repayment mortgage at a standard variable rate of 4.24 per cent paying an extra...
...That’s F-L-I-C. For more information about your rights as a tenant, do check out the Generation Rent website. Jason Butler is on Instagram and Twitter. He’s @jbthewealthman. Timi is @mrmoneyjar....
...rising,” said David Hollingworth, associate director at broker L&C Mortgages....
...David Hollingworth, associate director at broker L&C Mortgages, says talk of an impending base rate rise and the resulting withdrawal and repricing of some of the historical lows in mortgage rates has put...
...“Anything below 1 per cent is really just clinging on now,” says David Hollingworth, associate director at broker L&C Mortgages....
...Refining capacity is to shrink c.30% by 2030, from c.1.7mbd to 1.5mbd by 2025 then to 1.2mbd by 2030....
...“A lot of lenders moved away from accepting as much variable income as they did before the pandemic,” says David Hollingworth, director at mortgage broker L&C Mortgages....
...Capital: Expects half of the c.80bp transitional relief from 2Q20 to unwind over the course of 2H20. Mortgages: Notes that attrition has recently reduced from c. 15% to 11-12%....
...Here’s Investec (sell) to summarise: [L]ockdowns are impacting consumption in North America (c. 30% of sales), Europe (c. 20% of sales), India (c. 10% of sales), Africa (12% of sales) and many countries...
...On current multiples LSL is trading on a PE of 12.8x fo Dec 2020 while Countrywide is on 12.2x our 2020 estimates albeit it has c. £75m of debt vs a market cap of c. £123m....
...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, “...
...In essence, there is no value in growing finely priced mortgage assets funded by expensive fixed term bonds....
...David Hollingworth, director at mortgage broker L&C, said that if new lending criteria or mandatory requirements on lenders were applied to mortgage prisoners, there may be practical difficulties in implementation...
...David Hollingworth, associate director at broker L&C Mortgages, said: “The regulator’s move to increase access to retirement interest-only recognises that older borrowers will have different requirements...
...David Hollingworth, director at broker L&C Mortgages, said that, depending on the size of the loan, it may be worth opting for a high initial fee for a lower rate regardless of the tax change....
...David Hollingworth, director at L&C Mortgages, says interest rates on fixed-rate mortgages had already been edging up since Mark Carney, BoE governor, dropped hints of a rise in base rates in September:...
...Lord Davies, the former UK trade minister who chairs Corsair, is likely to take a seat on the L&C board. L&C and Corsair declined to comment....
...L Brands itself has posted consecutive quarters of slowing sales, pushing its shares down by a third for the year....
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