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There were lots of positives last week with numerous rate cuts and the CML raising its gross lending prediction to £140bn. Also, Northern Rock has tweaked its mortgage offering in response to broker feedback


Hero of the week is Barclays which has reduced rates for the fourth time in six weeks. It has cut its lowest two-year fixed to 2.98% for loans over £250,000. And there is now an offset tracker at 2.79% for loans over £200,000.

Villain of the week are the factors that have driven two out of three 20 to 45 year olds to give up on home ownership. This is a terrifying figure we should work hard to prove wrong. A generation locked out of the housing market is not good for the UK.


Here’s a way lenders could be innovative and help first-timers

Having recently attended Mortgage Strategy’s Mortgage Summit which I found most useful, I would implore lenders to be more innovative when it comes to first-time buyers. Lenders complain that first-time buyer mortgages are a challenge and that the pricing of such deals is a reflection of market conditions. They argue that Basel funding ratios, stepping […]

Bridging is no longer a dirty word

It’s not that long ago that short-term finance, or, perhaps more specifically, bridging finance were viewed as dirty words by mortgage brokers. The rates on offer were punishing, meaning there were only a handful of situations where it would be appropriate to arrange one. Some lenders didn’t exactly uphold great reputations for service standards either; […]


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