UK Mortgage Market Insights

By Craig

A weekly update of all the key goings on from the current week in the UK mortgage and property world.... more

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FAQs about UK Mortgage Market Insights:

How many episodes does UK Mortgage Market Insights have?

The podcast currently has 26 episodes available.

UK Mortgage Market Insights episodes:

April 03, 2024 Mortgage Approvals are UP! CONFIDENCE RETURNS to UK housing market.
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
...more
6min
April 02, 2024 UK House Prices Are UP!
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
...more
5min
March 28, 2024 £5000 DEPOSIT MORTGAGE FOR FIRST TIME BUYERS
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

...more
11min
March 22, 2024 Mortgage Rates set to DROP!
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
...more
10min
March 15, 2024 Mortgage CRISIS Ahead?
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
...more
15min
March 08, 2024 Mortgage Rate SHOCK! What Next?
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)
...more
12min
March 01, 2024 Interest rates UP! Repossessions UP! House Prices DOWN!
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)
...more
12min
February 23, 2024 UK Mortgage Rate Mayhem!
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
...more
10min
February 16, 2024 Uk Mortgage Market Insights - week ending 16th February 2024
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)
...more
9min
February 08, 2024 UK Mortgage Rate CRISIS!
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
...more
9min

FAQs about UK Mortgage Market Insights:

How many episodes does UK Mortgage Market Insights have?

The podcast currently has 26 episodes available.