Mortgage Approvals are UP! CONFIDENCE RETURNS to UK housing market.
UK Mortgage Market Insights
by Craig
1M ago
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 ..read more
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UK House Prices Are UP!
UK Mortgage Market Insights
by Craig
1M ago
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, notin ..read more
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£5000 DEPOSIT MORTGAGE FOR FIRST TIME BUYERS
UK Mortgage Market Insights
by Craig
1M ago
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. Fur ..read more
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Mortgage Rates set to DROP!
UK Mortgage Market Insights
by Craig
1M ago
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 potenti ..read more
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Mortgage CRISIS Ahead?
UK Mortgage Market Insights
by Craig
1M ago
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 ..read more
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Mortgage Rate SHOCK! What Next?
UK Mortgage Market Insights
by Craig
1M ago
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 withd ..read more
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Interest rates UP! Repossessions UP! House Prices DOWN!
UK Mortgage Market Insights
by Craig
1M ago
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% mo ..read more
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UK Mortgage Rate Mayhem!
UK Mortgage Market Insights
by Craig
1M ago
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. Furthe ..read more
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Uk Mortgage Market Insights - week ending 16th February 2024
UK Mortgage Market Insights
by Craig
1M ago
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 s ..read more
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UK Mortgage Rate CRISIS!
UK Mortgage Market Insights
by Craig
1M ago
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 redu ..read more
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