UK Mortgage Market Insights - week ending 5th January 2024
2024-01-05
Latest UK Mortgage Market Insights: Week Ending January 5, 2024
This week’s episode provides an overview of the UK's mortgage market, focusing on lender rate reductions, criteria changes, and the latest Halifax house price index report.
The video highlights important updates from Metro bank which includes increased affordability for buy-to-let landlords and improvements for joint borrower and sole proprietor mortgages. The impact of the Bank of England's money and credit report on future borrowing is also discussed.
A look at the latest swap rate chart shows movement in the right direction, triggering lender rate reductions.
The Halifax house price index covering December indicates house prices might fall between 2% and 4% in 2024.
Major lender rate reductions for the week are from Halifax, Leeds, HSBC, LendInvest, Fleet Mortgages, Kensington, and TSB among others.
00:00 Introduction and Overview
00:29 Lender Rate Changes: Spotlight on Metro Bank
01:32 Understanding the Latest Swap Rate Chart
02:14 Insights from the Bank of England Money and Credit Report
03:46 Analyzing the Halifax House Price Index
05:05 Lender Rate Reductions: The Rate War is Underway
06:24 Closing Remarks and Reminders
Money and Credit - November 2023 | Bank of England
https://www.halifax.co.uk/assets/pdf/december-2023-halifax-house-price-index.pdf
‘The gloves are off’: More lenders join mortgage rate price war | Evening Standard
- No. of episodes
- 26
- Latest episode
- 2024-04-03
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A weekly update of all the key goings on from the current week in the UK mortgage and property world.