UK Mortgage Market Insights (Craig)

A roundup of this weeks key mortgage & property market updates.

Latest UK Mortgage Market Insights: Week Ending January 5, 2024

This week’s episode provides an overview of the UK's mortgage market, focusing on lender rate reductions, criteria changes, and the latest Halifax house price index report.

The video highlights important updates from Metro bank which includes increased affordability for buy-to-let landlords and improvements for joint borrower and sole proprietor mortgages. The impact of the Bank of England's money and credit report on future borrowing is also discussed.

A look at the latest swap rate chart shows movement in the right direction, triggering lender rate reductions.

The Halifax house price index covering December indicates house prices might fall between 2% and 4% in 2024.

Major lender rate reductions for the week are from Halifax, Leeds, HSBC, LendInvest, Fleet Mortgages, Kensington, and TSB among others.

00:00 Introduction and Overview

00:29 Lender Rate Changes: Spotlight on Metro Bank

01:32 Understanding the Latest Swap Rate Chart

02:14 Insights from the Bank of England Money and Credit Report

03:46 Analyzing the Halifax House Price Index

05:05 Lender Rate Reductions: The Rate War is Underway

06:24 Closing Remarks and Reminders

Money and Credit - November 2023 | Bank of England

Net mortgage approvals increase in November – Bank of England - The Intermediary - Latest UK mortgage news

https://www.halifax.co.uk/assets/pdf/december-2023-halifax-house-price-index.pdf

‘The gloves are off’: More lenders join mortgage rate price war | Evening Standard

In this episode, we cover various topics including the latest swap rate chart, implications for interest rates going into 2024, the Nationwide House Price Index, and the annual house price review. We also discuss the potential spring budget announcement in March 2024 and the possible implications it may have on the housing market. Moreover, we delve into the continued recovery of house prices, the lender rate reductions and criteria changes for the week, and the prospects for first-time buyers, re-mortgages, and fixed-rate mortgages in the coming year. 00:00 Introduction and Overview 00:32 No Lender Rate Reductions or Criteria Changes 00:51 Nationwide House Price Index Analysis 01:24 Nationwide's Annual House Price Review 02:16 Swap Rates and Market Predictions 03:35 Potential Spring Budget and Policies for First Time Buyers 03:49 Viewer Engagement and Comments 04:57 Conclusion and Social Media Links https://www.nationwidehousepriceindex.co.uk/reports/house-price-recovery-continued-in-november https://www.nationwidehousepriceindex.co.uk/reports/nationwide-house-price-review-and-forecast-rapid-rebound-in-house-prices-unlikely-in-2024

In this episode, we delve into the UK mortgage market updates for the week ending 2nd February 2024. We discuss the Zoopla and Nationwide house price reports and their implications, the Bank of England's mortgage approval statistics for December 2023, and the outcome of the latest MPC Bank of England meeting. We also cover which lenders have altered their rates and criteria this week. Stay tuned for all the key developments and predictions about the future of the market. 00:00 Introduction to the Episode 00:22 Welcome and Overview of the UK Mortgage Market 00:29 Analysis of the Zoopla House Price Index 01:12 Insights from the Nationwide House Price Index 02:02 Discussion on Mortgage Rates and Affordability 02:55 Review of the Bank of England's Mortgage Approvals Data 04:22 Highlights from the MPC Meeting at the Bank of England 06:01 Update on the Latest Swap Rate Chart 06:35 Changes in Lenders' Criteria 07:32 Updates on Lenders' Interest Rates 09:28 Conclusion and Invitation for Engagement https://www.bbc.co.uk/news/business-68164273 https://www.zoopla.co.uk/discover/property-news/house-price-index/ https://www.bankofengland.co.uk/statistics/money-and-credit/2023/december-2023 https://www.nationwidehousepriceindex.co.uk/reports/house-prices-begin-2024-on-a-more-upbeat-note

UK Mortgage Market Insights | Week ending 8th December 2023

In this episode, we provide comprehensive insights on the UK mortgage market for the week ending the 8th of December 2023. We cover lender mortgage rate reductions (with significant changes from Kensington, Accord Mortgages, Skipton, Bank of Ireland, TSB, Halifax, Santander, Nationwide, and TMW), along with lender criteria changes. We also discuss updates from the Rightmove and Halifax house price index, and the UK Finance data. The discussion delves into various topics affecting the market, such as affordability issues, the cost of living crisis, and updated lender tactics to keep up with market changes. Finally, we take a glance at the updated swap rate chart. Viewer interaction is encouraged via lives on TikTok every Tuesday and Thursday.

00:00 Introduction and Overview

00:32 Lender Mortgage Rate Reductions

01:01 Lender Criteria Changes

02:00 Right Move House Price Index Analysis

03:31 UK Household Finance Review

05:48 Halifax House Price Index Insights

07:47 Swap Rate Chart Update

08:59 Conclusion and Final Thoughts

A roundup of the key market movements and updates

UK Mortgage Market Insights: Lender Rate Changes and SWAP Rate Analysis - Week Ending 23rd February 2024

The video script covers the latest lender rate changes, criteria modifications, and a deep dive into the SWAP rate chart to forecast mortgage rates.

It highlights Skipton Building society, Accord, and Metro bank's criteria changes for the week. It reports rampant mortgage rate changes across the board by various lenders with a particular focus on the actions of the Halifax.

The script also delves into an explanatory session on the SWAP rate chart's implications for mortgage rates. Furthermore, it investigates the concept of tracker mortgages, advises on their relevance given the market conditions, and underscores the importance of individual circumstances and professional financial advice.

Lastly, it provides information on other channels where viewers can access regular updates.

00:00 Introduction to the Latest Lender Rate Changes

00:14 Welcome and Overview of the Mortgage Market

00:37 Latest Lender Criteria Changes

01:27 Impact of Lender Rate Changes on Mortgage Rates

02:44 Halifax's Unexpected Rate Reduction

04:33 Understanding the SWAP Rate Chart

07:15 The Dilemma of Choosing a Tracker Mortgage

08:21 Stay Updated with the Latest Mortgage News

08:44 Conclusion and Invitation for Interaction

In this week's episode, we're going to look at the usual swap rates and the lender rate reductions.

We're also going to look at some UK finance data, the arrival of a sub 5%, two year fixed rate. We're going to delve into some RICS commentary regarding house prices slowing, and also we're going to touch on a housing scheme that's been introduced in Wales to help people that are struggling.

In this week's episode, we're going to be covering all the usual subjects such as swap rates, lender rate increases, lender rate decreases, improvements in lender criteria, along with some really important news regarding the Bank of England base rate, and Bank of England mortgage approval data. We're going to take a look at the Nationwide house price index, and then we've got news regarding some changes to council tax and houses of multiple occupation.

This episode provides a comprehensive update on the UK mortgage market for the week ending March 15, 2024. It begins with an overview of the latest jobs data from the ONS. The episode then discusses recent changes in lender rates and criteria adjustments made by banks such as NatWest, Santander, and others, with some increasing rates and others reducing them. Additionally, there's an analysis of the latest mortgage and arrears data from the Bank of England. Following this, the UK's GDP data for January 2024 is reviewed. The episode also covers the RICS residential market survey. Lastly, there's a discussion on the latest swap rate charts. 00:00 Welcome to This Week's UK Mortgage Market Insights 00:21 Deep Dive into the Latest Jobs Data and Economic Analysis 02:20 Exploring This Week's Lender Rate Changes 03:52 Unpacking Recent Criteria Changes in the Mortgage Market 06:18 Analyzing the Latest Mortgage and Arrears Data 08:10 UK GDP Report: A Glimpse into the Economy's Performance 09:33 RICS Residential Market Survey: Understanding the Current Trends 12:03 Swap Rate Chart Analysis: What's Happening in the Market? 14:06 Closing Thoughts and Invitation to Subscribe https://www.ons.gov.uk/employmentandlabourmarket/peopleinwork/employmentandemployeetypes/bulletins/uklabourmarket/march2024 https://www.bankofengland.co.uk/statistics/mortgage-lenders-and-administrators/2023/2023-q4 https://www.ons.gov.uk/economy/grossdomesticproductgdp/bulletins/gdpmonthlyestimateuk/january2024 https://www.rics.org/news-insights/market-surveys/uk-residential-market-survey

In this episode, we analyse the UK's mortgage market for the week ending on the 15th December 2023.

We examine lenders that have changed their interest rates and lending criteria, key economic data such as the Bank of England base rate and GDP, and an updated swap rate chart, making predictions for future mortgage rates. We also delve into specific changes made by Skipton, Nationwide, Santander, Virgin, and Metro Bank, and explore the implications of these changes for potential borrowers. Lastly, we discuss the latest wage growth data, the Bank of England's mortgage lending data, and the latest GDP data, before concluding with thoughts on the recent Bank of England meeting and a look at the lenders that have reduced their mortgage rates this week.

00:00 Introduction and Overview

00:35 Lender Criteria Changes

01:56 Latest Wage Growth Data

03:13 Bank of England's Mortgage Lending Data

04:40 Latest GDP Data

05:33 Bank of England Interest Rate Decision

06:33 Critique of the Monetary Policy Committee

07:31 Latest Swap Rate Chart

08:50 Lender Rate Reductions

09:37 Closing Remarks and Future Engagements

UK Mortgage Market Insights & Economic Update - February 2024

This episode covers the review of the UK's mortgage market and the economic updates for the week ending February 16th, 2024. The video discusses the latest swap rate chart, lender rate changes, inflation data, land registry data, wage and unemployment data, and recently announced UK recession details. It provides in-depth analysis of the Consumer Price Index (CPI) reports, comparing them to previous years. The episode also delves into regional house price trends, wage growth projections and its implications for inflation, and scrutiny of the unemployment rate. In addition, it elaborates on the state of the GDP and speculations around the UK's economic growth. The host also looks at the latest lender criteria changes, the effect of US data on UK's Gilt yields and swap rates, and provides advice on securing mortgage rates in the backdrop of fluctuating lender rates.

00:00 Introduction to the UK Mortgage Market Insights

00:32 Inflation Data Analysis

02:00 Land Registry Data and House Prices

02:52 Wage and Unemployment Data

03:48 GDP Data and Recession Status

05:51 Impact on Swap Rates

06:19 Lender Criteria Changes

07:05 Lender Rate Changes

08:36 Conclusion and Recommendations

Consumer price inflation, UK

UK House Price Index - Office for National Statistics (ons.gov.uk)

Labour market overview, UK - Office for National Statistics (ons.gov.uk)

Average weekly earnings in Great Britain - Office for National Statistics (ons.gov.uk)

GDP first quarterly estimate, UK - Office for National Statistics (ons.gov.uk)

UK Mortgage Market Insights: Lender Changes & Inflation Data (Dec 22, 2023)

In this week's UK mortgage market insights, we explore the latest lender criteria changes, analyze updated land registry price data, and discuss the recent consumer price inflation data. We discuss changes from TML, Virgin, and Nat West, and the impact on the mortgage market. We delve into price reductions in the housing market, predictions for 2024, and discuss price inflation and swap rates. The video also covers this week's major rate reductions from several lenders.

00:00 Introduction to the Latest Lender Criteria Changes

01:26 Overview of the Latest Land Registry Price Data

02:35 Potential Market Shifts and Buying Opportunities

03:36 Insights into Consumer Price Inflation Data

05:14 Implications of Owner Occupied Housing Costs

05:55 Analysis of Swap Rate Chart and Predictions

07:10 Lenders with Reduced Mortgage Rates This Week

08:28 Weekly Q&A Sessions and Closing Remarks

UK Mortgage Market Update: Insights and Analysis for March 2024

This episode provides a comprehensive overview of the UK mortgage market, highlighting important developments and trends as of the week ending March 1, 2024. The host discusses the Money Charity Report, Zoopla House Price Index, UK Monthly Property Transactions Report, and Nationwide House Price Index, providing key insights into mortgage arrears, property transactions, and house price changes. Key points include an increase in mortgage arrears, a general recovery in the housing market with more stable house prices, and a 0.7% month-on-month rise in UK house prices as per the Nationwide report. The episode also covers lender rate changes and criteria updates, indicating higher interest rates but more accessible lending conditions for certain buyers. A potential government-backed 99% mortgage scheme is mentioned but reported to be scrapped. The episode concludes with a call for viewer engagement and subscription to the channel for further updates.

00:00 Introduction to the UK Mortgage Market Insights

00:28 Analysis of the Money Charity Report

01:53 Insights from the Zoopla House Price Index

04:06 Review of the UK Monthly Property Transactions Report

06:22 Latest Swap Rate Chart and Lender Rate Changes

08:20 Breaking News: Scrapping of the 99% Mortgage Scheme

09:07 Nationwide House Price Index Overview

10:43 Conclusion and Final Thoughts

PowerPoint Presentation (themoneycharity.org.uk)

House Price Index: February 2024 - Zoopla

UK monthly property transactions commentary - GOV.UK (www.gov.uk)

Property transactions hit lowest level for January in 11 years in blow to market | Personal Finance | Finance | Express.co.uk

Annual house price growth returns to positive territory for first time in over a year in February (nationwidehousepriceindex.co.uk)

Here is this weeks update on all things important in the UK mortgage and property market. In this episode we cover: This weeks mortgage rate reductions from some of the UK's main high street lenders. The weekly SWAP rate update. The introduction of a new long term fixed rate to the UK mortgage market. The removal of EPC requirements for property landlords. The need for self employed individuals to get their tax returns up to date if they are intending to apply for a mortgage soon.

Unexpected Twist in UK House Prices: March Update Craig discusses the latest house price index released by Nationwide, revealing an increase in UK house prices by 1.6% compared to the previous year, despite a slight month-on-month decrease of 0.2% in March. Northern Ireland emerged as the top-performing region, while the Southwest lagged. Nationwide's chief economist comments on the gradual recovery of the market from previous lows, though activity remains subdued compared to pre-pandemic levels. The script also touches upon the impact of fluctuating interest rates on the housing market, noting a recent slowdown due to anticipated long-term high rates set by the Bank of England. However, it suggests that the expected reduction in interest rates might stimulate the market, hinting at a shift from a buyer's to a seller's market. The speaker encourages viewers to consider buying property now and to share their thoughts on the house price trends and their personal experiences in the property market. 00:00 Breaking Down the Latest House Price Index 00:29 Analyzing the Numbers: Monthly and Annual Changes 00:47 Nationwide's Chief Economist Weighs In 01:02 The Impact of Interest Rates on the Housing Market 02:33 A Glimpse into the Future: Interest Rate Predictions and Market Dynamics 03:44 Navigating the Current Market: Tips for Buyers 04:05 Engaging the Audience: Share Your Thoughts

In this week's episode, we're going to be looking at the Land Registry data that was released this week. We're going to be looking at inflation data that was released this week, along with swap rates, lender rate reductions, and a bit of a discussion about where we might see interest rates at the end of the year.

UK Mortgage Market Insights: Lender Rate Updates, Halifax House Price Index & More | Feb 9, 2024

In this weekly episode, we discuss the latest lender rate and criteria changes, analyze the recent swap rate chart, and scrutinize the Halifax house price index. We delve into potential implications for house prices in 2024, foreseeing the Bank of England's plans regarding interest rates. We conduct an in-depth analysis of various lenders' rate changes and tie them to recent swap rate increases. We also explore a new mortgage lender planning to introduce a 'Dutch style' mortgage, offering reduced mortgage interest rates as your loan to value decreases. We encourage your thoughts and predictions for any potential rate cuts and the base rate at the end of 2024.

00:00 Introduction and Overview

00:33 Latest Swap Rate Chart Analysis

02:08 Lender Rate and Criteria Changes

03:36 Understanding Lenders' Rate Strategies

04:53 Halifax House Price Index Review

07:16 New Mortgage Lender Announcement

08:25 Conclusion and Farewell

Halifax UK | House Price Index | Media Centre

In this week's episode, we're going to be taking a look at the latest swap rate chart from yesterday evening, we're going to be taking a look at the lender rate reductions for this week. We're also going to cover off mortgage approval data from the Bank of England and property transaction data. We're also going to look at the Nationwide house price index which has just been released and shows some interesting information, so stay tuned for that one. And then I also want to take a look at the TMW buy-to-let barometer, which covers buy-to-let data for the quarter three of this year as well.

Analyzing the UK's February 2024 Money and Credit Report: Trends and Predictions Craig provides an in-depth analysis of the Bank of England's Money and Credit Report for February 2024, focusing on mortgages, personal credit, and the economic implications in the UK. It highlights a net borrowing increase in mortgage debt to £1.5 billion and a rise in mortgage approvals, signaling an uptick in the housing market. The script also notes a decrease in consumer credit borrowing and an increase in household deposits, suggesting a shift towards saving due to higher interest rates and a response to the cost of living crisis. The effective interest rate on mortgages has dropped, indicating possibly more attractive lending conditions. The narrative suggests that despite economic challenges, there are signs of improvement and adaptation among consumers, with optimism towards future housing market conditions. 00:00 Introduction to the Bank of England's Latest Report 00:11 Key Points from the February 2024 Report 01:01 Deep Dive into Mortgage Lending Trends 03:03 Understanding Consumer Credit Dynamics 03:57 Household Deposits and Economic Optimism 05:26 Concluding Thoughts and Call to Action

UK Mortgage Market Insights: Swap Rate Fluctuation, Lender Criteria Changes, and Global Impacts | Week of January 12, 2024

This week's episode provides an in-depth analysis of the UK mortgage market, discussing the latest swap rate chart and its implications on mortgage rates going forwards. We also delve into lender criteria changes and how these could affect mortgage applications. We discuss the latest GDP data and consider a crisis in the Red Sea and how it may affect the UK mortgage industry. Finally, we conclude with a round-up of this week's major lender rate changes. Stay tuned for useful insights and updates.

00:00 Introduction and Overview

00:38 Understanding the Latest Swap Rate Chart

01:37 Latest Lender Criteria Changes

03:24 UK GDP Data and Its Implications

04:32 Geopolitical Landscape and Its Impact on Mortgage Market

05:50 The Importance of Early Mortgage Planning

06:54 Lender Rate Reductions This Week

07:56 Conclusion and Final Thoughts

A roundup of the key factors effecting the UK mortgage and Property market this week.

This episode provides insights into the UK mortgage market for the week ending March 22, 2024, focusing on the Bank of England's decision to maintain the interest rate at 5.25% for the fifth consecutive time. It highlights a significant shift in the Monetary Policy Committee's voting pattern, suggesting a future rate decrease. The episode also covers consumer price inflation data, with inflation at 3.4%, and land registry house price data showing an average property price of just under £282,000. Additionally, it discusses lender rate changes, criteria changes, swap rate charts, and the potential impact on the housing market, speculating a shift from a buyer's to a seller's market. Viewer engagement is encouraged through comments, likes, and subscriptions. 00:00 Welcome to the Latest UK Mortgage Market Insights! 00:29 Bank of England Base Rate Decision: Analysis and Insights 03:24 Exploring the Swap Rate Market and Its Implications 04:18 This Week's Lender Rate Changes: Who's Up and Who's Down? 05:21 Lender Criteria Updates: What's New? 05:45 Breaking Down the Latest Consumer Price Inflation Data 07:39 Land Registry House Price Data: Understanding the Current Market 09:12 Wrapping Up: Your Thoughts and Future Topics
https://www.ons.gov.uk/economy/inflationandpriceindices/bulletins/consumerpriceinflation/february2024 https://www.bankofengland.co.uk/monetary-policy https://www.gov.uk/government/statistics/uk-house-price-index-for-january-2024/uk-house-price-index-summary-january-2024

UK Mortgage Market Update: Lender Rates, Budget Impact & More - Week Ending 8th March 2024

In this week's episode, Craig provides insights into the UK mortgage market as of the week ending 8th March 2024. He discusses recent changes in lender rates, with most lenders having increased their rates, and highlights specific changes by lenders like Bank of Ireland, NatWest, Clydesdale, Hodge, HSBC, Virgin, BM solutions, Leeds building society, Barclays, Kensington, and Generation Home. Craig emphasizes the urgency of making decisions on mortgage rates due to the potential for sudden rate withdrawals. The episode also covers lender criteria updates, with notable changes from The Nottingham and The Mortgage Works, aiming to provide more borrowing opportunities. The Halifax house price index for February 2024 is analyzed, showing a 0.4% monthly increase and a 1.7% annual increase, indicating a stable start to the year but an uncertain future for the mortgage market. The spring budget is reviewed, with discussions on inflation targets, fuel and alcohol duty freezes, tax changes, and the lack of property market incentives. Finally, Craig reviews the household finance review for Q4 2023 and the latest swap rate chart, concluding with reminders about the importance of seeking advice from qualified brokers in these uncertain times and encouraging viewers to stay updated and engaged with the content.

00:00 Introduction and Overview

00:25 Latest Lender Rate Changes

02:02 Lender Criteria Changes

02:39 Halifax House Price Index Review

05:08 Spring Budget Highlights

06:50 Household Finance Review

09:21 Swap Rate Chart Analysis

11:02 Conclusion and Final Thoughts

february-2024-halifax-house-price-index.pdf

Spring Budget 2024 (HTML) - GOV.UK (www.gov.uk)

Household Finance Review 2023 Q4.pdf (ukfinance.org.uk)

UK Mortgage Market Insights: Week of January 26th, 2024

In this episode, we discuss the latest lender rate changes, lender criteria changes, the government's proposal of a 99% mortgage, the lack of housing supply in the UK, and when the first Bank of England base rate cut might occur. We also analyze the recent swap rate chart and its implications. Moreover, we cover the revisions made by various lenders such as Mpowered, Kensington, HSBC, Halifax, Hodge, NatWest, and Leeds Building Society. Lastly, we examine both rate reductions and increases from lenders during the week.

00:00 Introduction to the Episode

00:27 Welcome and Overview of the UK Mortgage Market

00:35 Latest Lender Criteria Changes

01:49 Government's 99% Mortgage Scheme

03:18 UK Government's Housing Supply Report

04:39 Latest Swap Rate Chart and Market Impact

05:53 Predictions for the Bank of England Base Rate Cut

07:11 Lender Rate Decreases and Increases

08:22 Conclusion and Final Thoughts

Bank of England set to start on path towards interest rate cuts | Reuters

https://www.theguardian.com/business/2024/jan/21/99-per-cent-mortgage-scheme-uk-housing-market-ministers

https://www.gov.uk/government/statistics/housing-supply-indicators-of-new-supply-england-july-to-september-2023/housing-supply-indicators-of-new-supply-england-july-to-september-2023

UK Mortgage Market Weekly Update - March 28th, 2024 The episode covers various lenders' rate changes, and criteria changes that may affect borrowers' capabilities, especially for landlords. It delves into the potentials of a Bank of England base rate cut. Additionally, the episode highlights a new mortgage product from Yorkshire Building Society aimed at first-time buyers requiring only a £5,000 deposit. Social media guidelines released by the Financial Conduct Authority (FCA) are emphasized, instructing viewers on how to verify the legitimacy of financial advice on platforms like YouTube. Furthermore, an analysis of the latest swap rate chart suggests potential directions for mortgage rates. 00:00 This Week's Mortgage Market Overview 00:33 Welcome and Introduction 00:39 Lender Rate Changes and Market Analysis 02:07 Criteria Changes and Their Implications 02:51 Speculation on Bank of England Base Rate Cut 03:55 Innovative Mortgage Product for First-Time Buyers 05:58 Navigating Social Media for Financial Advice 08:35 Understanding Swap Rates and Future Mortgage Trends 09:49 Closing Remarks and Social Media Engagement https://www.fca.org.uk/news/press-releases/fca-warns-firms-and-finfluencers-keep-their-social-media-ads-lawful https://www.bloomberg.com/news/articles/2024-03-25/traders-bet-boe-more-likely-to-start-rate-cuts-than-fed-or-ecb https://moneyweek.com/personal-finance/mortgages/Yorkshire-99-LTV-mortgage