Mortgage Market Roundup: Renters’ Rights, New Lending Panels, and Fire Safety Warnings
As the UK mortgage market continues to evolve, several key developments have emerged in recent weeks. From calls for greater support for renters’ rights to new lending panels and fire safety warnings, there’s a lot to digest.
Renters’ Rights in the Spotlight
Renting groups are urging the new Government to provide further support for renters’ rights. This comes as many renters continue to face uncertain circumstances, with rising costs and limited protection. As the cost-of-living crisis continues to bite, it’s essential that policymakers consider the needs of this vulnerable group.
A growing number of renters are facing uncertain circumstances
Lending Panels Expand
Aro Money has added Interbridge Mortgages to its lending panel, expanding its offerings for borrowers. This move is part of a broader trend, as lenders seek to diversify their portfolios and provide more options for customers.
The mortgage lending market is becoming increasingly competitive
Fire Safety Warnings for Landlords
Landlord Licensing & Defence has warned landlords of fire safety violations, highlighting the importance of ensuring that rental properties meet safety standards. With the risk of fires a major concern, landlords must take proactive steps to protect their tenants.
Landlords must take fire safety seriously to protect their tenants
Rate Cuts and New Hires
Buckinghamshire Building Society has reduced rates across its range, making it more competitive in the mortgage market. Meanwhile, Keystone Property Finance has hired a new BDM for the Midlands, as it looks to expand its presence in the region.
Mortgage rates are becoming increasingly competitive
Specialist Finance Appointments
Hilco Real Estate Finance has joined the ASTL, while Pepper Money has promoted Alex Hall to regional development manager. These appointments highlight the ongoing growth and development of the specialist finance sector.
The specialist finance sector continues to grow and evolve
Later Life Lending Insights
One in four over-55s say the cost-of-living crisis has impacted their mental health, according to a study by Key. This highlights the need for policymakers to consider the impact of their decisions on older borrowers.
Older borrowers are facing unique challenges in the current market
The National Average Age of a First-Time Buyer
The national average age of a first-time buyer has been revealed, highlighting the ongoing challenges faced by those looking to get on the property ladder. With rising house prices and limited affordability, it’s essential that policymakers consider the needs of this group.
First-time buyers are facing significant challenges in the current market
Exclusive Interviews
We’ve spoken to Chris Griffin, managing director of Safe&Secure Home Insurance Limited, Jonny Jones, CEO at Interbridge Mortgages, and Richard Angell, gaining valuable insights into the mortgage market and beyond.
Our exclusive interviews provide valuable insights into the mortgage market
