Episodes
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Analyzing the UK's February 2024 Money and Credit Report: Trends and PredictionsCraig 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 Report00:11 Key Points from the February 2024 Report01:01 Deep Dive into Mortgage Lending Trends03:03 Understanding Consumer Credit Dynamics03:57 Household Deposits and Economic Optimism05:26 Concluding Thoughts and Call to Action
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Unexpected Twist in UK House Prices: March UpdateCraig 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 Index00:29 Analyzing the Numbers: Monthly and Annual Changes00:47 Nationwide's Chief Economist Weighs In01:02 The Impact of Interest Rates on the Housing Market02:33 A Glimpse into the Future: Interest Rate Predictions and Market Dynamics03:44 Navigating the Current Market: Tips for Buyers04:05 Engaging the Audience: Share Your Thoughts
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UK Mortgage Market Weekly Update - March 28th, 2024The 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 Overview00:33 Welcome and Introduction00:39 Lender Rate Changes and Market Analysis02:07 Criteria Changes and Their Implications02:51 Speculation on Bank of England Base Rate Cut03:55 Innovative Mortgage Product for First-Time Buyers05:58 Navigating Social Media for Financial Advice08:35 Understanding Swap Rates and Future Mortgage Trends09:49 Closing Remarks and Social Media Engagementhttps://www.fca.org.uk/news/press-releases/fca-warns-firms-and-finfluencers-keep-their-social-media-ads-lawfulhttps://www.bloomberg.com/news/articles/2024-03-25/traders-bet-boe-more-likely-to-start-rate-cuts-than-fed-or-ecbhttps://moneyweek.com/personal-finance/mortgages/Yorkshire-99-LTV-mortgage
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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 Insights03:24 Exploring the Swap Rate Market and Its Implications04:18 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 Data07:39 Land Registry House Price Data: Understanding the Current Market09:12 Wrapping Up: Your Thoughts and Future Topics
https://www.ons.gov.uk/economy/inflationandpriceindices/bulletins/consumerpriceinflation/february2024https://www.bankofengland.co.uk/monetary-policyhttps://www.gov.uk/government/statistics/uk-house-price-index-for-january-2024/uk-house-price-index-summary-january-2024 -
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 Insights00:21 Deep Dive into the Latest Jobs Data and Economic Analysis02:20 Exploring This Week's Lender Rate Changes03:52 Unpacking Recent Criteria Changes in the Mortgage Market06:18 Analyzing the Latest Mortgage and Arrears Data08:10 UK GDP Report: A Glimpse into the Economy's Performance09:33 RICS Residential Market Survey: Understanding the Current Trends12:03 Swap Rate Chart Analysis: What's Happening in the Market?14:06 Closing Thoughts and Invitation to Subscribehttps://www.ons.gov.uk/employmentandlabourmarket/peopleinwork/employmentandemployeetypes/bulletins/uklabourmarket/march2024https://www.bankofengland.co.uk/statistics/mortgage-lenders-and-administrators/2023/2023-q4https://www.ons.gov.uk/economy/grossdomesticproductgdp/bulletins/gdpmonthlyestimateuk/january2024https://www.rics.org/news-insights/market-surveys/uk-residential-market-survey
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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)
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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)
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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
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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)
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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
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In this episode, we delve into the UK mortgage market updates for the week ending 2nd February 2024. We discuss the Zoopla and Nationwide house price reports and their implications, the Bank of England's mortgage approval statistics for December 2023, and the outcome of the latest MPC Bank of England meeting. We also cover which lenders have altered their rates and criteria this week. Stay tuned for all the key developments and predictions about the future of the market.00:00 Introduction to the Episode00:22 Welcome and Overview of the UK Mortgage Market00:29 Analysis of the Zoopla House Price Index01:12 Insights from the Nationwide House Price Index02:02 Discussion on Mortgage Rates and Affordability02:55 Review of the Bank of England's Mortgage Approvals Data04:22 Highlights from the MPC Meeting at the Bank of England06:01 Update on the Latest Swap Rate Chart06:35 Changes in Lenders' Criteria07:32 Updates on Lenders' Interest Rates09:28 Conclusion and Invitation for Engagementhttps://www.bbc.co.uk/news/business-68164273https://www.zoopla.co.uk/discover/property-news/house-price-index/https://www.bankofengland.co.uk/statistics/money-and-credit/2023/december-2023https://www.nationwidehousepriceindex.co.uk/reports/house-prices-begin-2024-on-a-more-upbeat-note
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UK Mortgage Market Insights: Week of January 26th, 2024
In this episode, we discuss the latest lender rate changes, lender criteria changes, the government's proposal of a 99% mortgage, the lack of housing supply in the UK, and when the first Bank of England base rate cut might occur. We also analyze the recent swap rate chart and its implications. Moreover, we cover the revisions made by various lenders such as Mpowered, Kensington, HSBC, Halifax, Hodge, NatWest, and Leeds Building Society. Lastly, we examine both rate reductions and increases from lenders during the week.
00:00 Introduction to the Episode
00:27 Welcome and Overview of the UK Mortgage Market
00:35 Latest Lender Criteria Changes
01:49 Government's 99% Mortgage Scheme
03:18 UK Government's Housing Supply Report
04:39 Latest Swap Rate Chart and Market Impact
05:53 Predictions for the Bank of England Base Rate Cut
07:11 Lender Rate Decreases and Increases
08:22 Conclusion and Final Thoughts
Bank of England set to start on path towards interest rate cuts | Reuters
https://www.theguardian.com/business/2024/jan/21/99-per-cent-mortgage-scheme-uk-housing-market-ministers
https://www.gov.uk/government/statistics/housing-supply-indicators-of-new-supply-england-july-to-september-2023/housing-supply-indicators-of-new-supply-england-july-to-september-2023
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UK Mortgage Market Insights: Swap Rate Fluctuation, Lender Criteria Changes, and Global Impacts | Week of January 12, 2024
This week's episode provides an in-depth analysis of the UK mortgage market, discussing the latest swap rate chart and its implications on mortgage rates going forwards. We also delve into lender criteria changes and how these could affect mortgage applications. We discuss the latest GDP data and consider a crisis in the Red Sea and how it may affect the UK mortgage industry. Finally, we conclude with a round-up of this week's major lender rate changes. Stay tuned for useful insights and updates.
00:00 Introduction and Overview
00:38 Understanding the Latest Swap Rate Chart
01:37 Latest Lender Criteria Changes
03:24 UK GDP Data and Its Implications
04:32 Geopolitical Landscape and Its Impact on Mortgage Market
05:50 The Importance of Early Mortgage Planning
06:54 Lender Rate Reductions This Week
07:56 Conclusion and Final Thoughts
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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
Net mortgage approvals increase in November – Bank of England - The Intermediary - Latest UK mortgage news
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
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In this episode, we cover various topics including the latest swap rate chart, implications for interest rates going into 2024, the Nationwide House Price Index, and the annual house price review. We also discuss the potential spring budget announcement in March 2024 and the possible implications it may have on the housing market. Moreover, we delve into the continued recovery of house prices, the lender rate reductions and criteria changes for the week, and the prospects for first-time buyers, re-mortgages, and fixed-rate mortgages in the coming year.00:00 Introduction and Overview00:32 No Lender Rate Reductions or Criteria Changes00:51 Nationwide House Price Index Analysis01:24 Nationwide's Annual House Price Review02:16 Swap Rates and Market Predictions03:35 Potential Spring Budget and Policies for First Time Buyers03:49 Viewer Engagement and Comments04:57 Conclusion and Social Media Linkshttps://www.nationwidehousepriceindex.co.uk/reports/house-price-recovery-continued-in-novemberhttps://www.nationwidehousepriceindex.co.uk/reports/nationwide-house-price-review-and-forecast-rapid-rebound-in-house-prices-unlikely-in-2024
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UK Mortgage Market Insights: Lender Changes & Inflation Data (Dec 22, 2023)
In this week's UK mortgage market insights, we explore the latest lender criteria changes, analyze updated land registry price data, and discuss the recent consumer price inflation data. We discuss changes from TML, Virgin, and Nat West, and the impact on the mortgage market. We delve into price reductions in the housing market, predictions for 2024, and discuss price inflation and swap rates. The video also covers this week's major rate reductions from several lenders.
00:00 Introduction to the Latest Lender Criteria Changes
01:26 Overview of the Latest Land Registry Price Data
02:35 Potential Market Shifts and Buying Opportunities
03:36 Insights into Consumer Price Inflation Data
05:14 Implications of Owner Occupied Housing Costs
05:55 Analysis of Swap Rate Chart and Predictions
07:10 Lenders with Reduced Mortgage Rates This Week
08:28 Weekly Q&A Sessions and Closing Remarks
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In this episode, we analyse the UK's mortgage market for theweek ending on the 15th December 2023.
We examine lenders that have changed their interest rates and lending criteria, key economic data such as the Bank of England base rate and GDP, and an updated swap rate chart, making predictions for future mortgage rates. We also delve into specific changes made by Skipton, Nationwide, Santander, Virgin, and Metro Bank, and explore the implications of these changes for potential borrowers. Lastly, we discuss the latest wage growth data, the Bank of England's mortgage lending data, and the latest GDP data, before concluding with thoughts on the recent Bank of England meeting and a look at the lenders that have reduced their mortgage rates this week.
00:00 Introduction and Overview
00:35 Lender Criteria Changes
01:56 Latest Wage Growth Data
03:13 Bank of England's Mortgage Lending Data
04:40 Latest GDP Data
05:33 Bank of England Interest Rate Decision
06:33 Critique of the Monetary Policy Committee
07:31 Latest Swap Rate Chart
08:50 Lender Rate Reductions
09:37 Closing Remarks and Future Engagements
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UK Mortgage Market Insights | Week ending 8th December 2023
In this episode, we provide comprehensive insights on the UK mortgage market for the week ending the 8th of December 2023. We cover lender mortgage rate reductions (with significant changes from Kensington, Accord Mortgages, Skipton, Bank of Ireland, TSB, Halifax, Santander, Nationwide, and TMW), along with lender criteria changes. We also discuss updates from the Rightmove and Halifax house price index, and the UK Finance data. The discussion delves into various topics affecting the market, such as affordability issues, the cost of living crisis, and updated lender tactics to keep up with market changes. Finally, we take a glance at the updated swap rate chart. Viewer interaction is encouraged via lives on TikTok every Tuesday and Thursday.
00:00 Introduction and Overview
00:32 Lender Mortgage Rate Reductions
01:01 Lender Criteria Changes
02:00 Right Move House Price Index Analysis
03:31 UK Household Finance Review
05:48 Halifax House Price Index Insights
07:47 Swap Rate Chart Update
08:59 Conclusion and Final Thoughts
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In this week's episode, we're going to be taking a look at the latest swap rate chart from yesterday evening, we're going to be taking a look at the lender rate reductions for this week. We're also going to cover off mortgage approval data from the Bank of England and property transaction data. We're also going to look at the Nationwide house price index which has just been released and shows some interesting information, so stay tuned for that one. And then I also want to take a look at the TMW buy-to-let barometer, which covers buy-to-let data for the quarter three of this year as well.
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In this week's episode, we're going to be looking at the Land Registry data that was released this week. We're going to be looking at inflation data that was released this week, along with swap rates, lender rate reductions, and a bit of a discussion about where we might see interest rates at the end of the year.
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