The Mortgage Charter Whilst the Government is actively committed to halving inflation by the end of 2023, the current pressure on household spend continues due to the impact of successive base rate rises. In recognising that this is a concerning time for mortgage holders, particularly those who are due to come to the end of …
News
‘Best Broker Firm for Overall Quality 2023’ award for Springtide Capital
We have won the ‘Best Broker Firm for Overall Quality’ With numerous changes happening on a national and global scale, Springtide Capital are proud to have sustained our high-level of overall quality and remained a trusted expert in the mortgage market. We are pleased to have been recognised by the Legal and General Mortgage Club …
Return of 100% loan to value mortgage
The housing market needs first-time buyers to keep it moving. While the average age of first-time buyers has been creeping up and now stands at over 33 years of age, the number of buyers has dwindled, falling by more than 10% between 2021 and 2022. People are finding it harder and harder to make the …
Mortgage market review
In a month where inflation remains stubbornly high, The Bank of England’s Monetary Policy Committee (MPC) continues to revise monetary policy to meet the 2% inflation target. At its meeting this month the MPC voted to increase Bank Rate by 0.25 percentage points, to 4.5%. This is the 12th consecutive rise in interest rates. The …
Six major lenders update their cladding criteria
In the period since the tragic Grenfell Tower fire of 2017, understanding unsafe cladding has been a key issue when it comes to mortgages. Many of those living in similar buildings have been unable to remortgage or to sell their properties. Steps taken in response to the Grenfell Tower tragedy understandably resulted in revised regulation …
Getting you through the mortgage maze. Prepare, seek advice and get ahead
With hundreds of mortgages available, it can be daunting getting started on the journey to securing a mortgage. There are many things you can do to make the process as easy as possible. Here we will highlight some of them. Preparation Get your paperwork in good order. Having the information to hand from the outset …
Why use a mortgage broker?
How many times does the average person in the UK move house? Surprisingly, according to a recent poll from Zoopla it’s only once every 23 years. This has risen dramatically since the late 80s when the average was a little under nine years. Given this and the fact that about 85% of current mortgage stock …
Mortgage Outlook for 2023
All experts are predicting a bumpy ride for the economy in 2023. However, even just a few weeks into the year, we are beginning to see more positive signs that the picture won’t be as gloomy as was forecast at the end of last year. While consensus is that the UK will go into recession, …
Securing a mortgage in a volatile climate
On September 21st, the Bank of England raised the base rate to 2.25% which in turn has increased mortgage rates. The Bank of England may continue to increase interest rates in a bid to stem surging inflation to reach its target of 2%. The continued rises are unsettling both first-time buyers and those remortgaging, with …
The current mortgage market – our brief overview
The present uncertainty around mortgage rates and the general economic outlook has understandably caused some nervousness amongst buyers and homeowners. What is happening to mortgages? The Bank of England recently raised the base rate to 2.25% and made it clear that it is prepared to continue to raise rates in order to reduce inflation to …