The UK mortgage market is experiencing a period of significant change and uncertainty, with a general election on the horizon and ongoing inflation and interest rate fluctuations. Despite these challenges, there are still opportunities for growth and innovation in the market.
One notable development is the completion of LiveMore’s first securitisation of prime and near-prime owner-occupied mortgage loans, valued at £208.1m. This milestone marks an important step forward for the later life lender, which has grown significantly since its founding in 2020.
The securitisation received strong investor demand and was rated by S&P and Moody’s. LiveMore’s managing director of finance and capital markets, Simon Webb, commented that the transaction demonstrates market confidence in later life lending as a financially sound investment.
The securitisation is a key part of LiveMore’s ongoing growth and expansion, which is focused on filling the gap in quality mortgage finance for later-life borrowers.
Meanwhile, the wider mortgage market is bracing for the impact of the general election, which could lead to a period of caution among buyers and sellers. However, some experts believe that the election could actually boost the market, as a new government may bring fresh housing policies and a renewed focus on the sector.
Inflation remains a key concern for the economy, with the latest figures showing a 2.3% increase in the Consumer Prices Index. This has led to a mixed bag of rate rises and cuts among lenders, making it tricky for brokers to advise clients.
Despite these challenges, there are still reasons to be optimistic about the market. For example, Nationwide’s latest house price index showed annual growth of 1.3% in May, up from 0.6% in April. And some lenders, such as Generation Home, are introducing new initiatives to help brokers manage client expectations.
Ultimately, the key to navigating the current market uncertainty is for brokers to stay informed and adaptable, and to keep a close eye on developments in the sector.
Will the general election boost the mortgage market?
The upcoming general election could have a significant impact on the mortgage market, with some experts predicting a surge in activity as buyers and sellers look to take advantage of any new housing policies.
Later life lending: a sound investment?
LiveMore’s recent securitisation has demonstrated market confidence in later life lending as a financially sound investment. But what does this mean for the wider market, and how can brokers take advantage of this growing sector?
Inflation and interest rates: what’s next?
The latest inflation figures have led to a mixed bag of rate rises and cuts among lenders. How can brokers navigate this uncertainty, and what does the future hold for interest rates?
