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)