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The winners of the British Mortgage Awards 2020 were revealed this afternoon marking a truly extraordinary year. As part of a unique online setting, winners were announced in 29 categories spanning the breadth of the industry.
News that the UK is the first country to approve a Covid-19 vaccine has been welcomed by property experts who hope that a successful roll-out could help to stave off a housing market downturn next year.
BMP Wealth Ltd. is a Hong Kong-based wealth management firm and Altura partner, set up in 2017 to cater to the wealth management needs of what it calls "internationally-minded people," from such countries and regions as the UK and elsewhere in Europe, Canada, Australia and China. And now, it's in the process of entering the American expat wealth management sector as well, the company has told the American Expat Financial News Journal.
The government’s 95 per cent loan to value (LTV) initiative, should it come to fruition, would take pressure off the banks to offer risky loans in the current environment.
Talk of negative interest rates and the gradual rise in mortgage pricing is presenting borrowers with a tricky decision.
The property market will not be shut as England heads into a second lockdown on Thursday, with renters, homeowners and buyers still able to view and move house.
Brokers have reported more down valuations on properties as lender caution remains and a lack of home moves in recent years has resulted in a dearth of comparable property data.
Service levels and communication methods during the pandemic have changed the relationship brokers have with lenders.
Industry pundits have expressed scepticism over Boris Johnson’s party conference pledge to introduce long-term 95 per cent loan-to-value mortgages.
Barclays has taken brokers by surprise after backdating a change to its lending criteria.
A lack of updates, redeployed staff and the need to discuss cases before they are submitted has left brokers speculating whether they are being discouraged from working with overwhelmed lenders.
A decision in principle (DIP) gives some way in indicating how eligible a client might be for a mortgage but with lenders assessing risk and adjusting criteria, they might not be as representative as they once were.
Homeowners will be able to add an additional two storeys to their homes through a fast track approval process, but brokers are not expecting it to make a significant difference to remortgage numbers.
Stay at home orders have eased and this week and prime minister Boris Johnson urged the nation to get back to work – a sign things could be returning to how they once were.
Brokers have reported an immediate surge in demand after the chancellor today announced a stamp duty holiday.
Brokers feel networks and clubs have done well to support them during the pandemic, but more can be done to ease difficulties relating to lender processes and personal wellbeing.
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