Alexis Rog

Nov 27, 2024 | mortgagestrategy.co.uk | David Burrows |Alexis Rog

Latest Mortgage Guarantee Scheme statistics figures from the Treasury show that from April 2021 to end of June 2024, 45,775 mortgages have been supported by the scheme with a total value of £8.9bnThe scheme has supported a higher proportion of mortgages in the North West, South East and Scotland; and a lower proportion in London.

Nov 26, 2024 | mortgagestrategy.co.uk | Becky Bellamy |Leah Milner |Alexis Rog

Barclays has reduced rates on selected products across its purchase, remortgage and reward ranges by as much as 0.20%. For remortgage products, the five-year fixed at 60% loan-to-value (LTV) with a £999 fee has been lowered from 4.37% to 4.17%. Meanwhile, the Great Escape two-year fixed at 60% LTV with no product fee has been reduced from 4.72% to 4.62%. Within the purchase range, reductions include the two-year fixed at 90% LTV with no product fee, which has gone down from 5.49% to 5.39%.

Nov 21, 2024 | mortgagestrategy.co.uk | Becky Bellamy |Alexis Rog

Just Mortgages has expanded its self-employed management team in the north with the appointment of Tara Catnott as area director. Catnott brings almost 15 years of experience across financial services and finding new broker talent. She started her career in admin and underwriting roles within secured lending and later mortgages. Most recently, Catnott was head of sales at Echo Finance, helping to grow the business from a team of five employed advisers to 45 self-employed advisers across the UK.

Nov 19, 2024 | mortgagestrategy.co.uk | Becky Bellamy |Alexis Rog

The inflation figure for October is expected to exceed the Bank of England’s 2% target. Markets expect that inflation will rise from 1.7% in September to between 2% and 2.2% in October when the Office for National Statistics data is released on 20 November. The rise is said to be driven by higher household energy bills. In early November, the BoE cut the base rate by 0.25% from 5% to 4.75%. The Monetary Policy Committee voted in an 8 to 1 split in favour of cutting the rate.

Nov 18, 2024 | mortgagestrategy.co.uk | Alexis Rog |Katherine Willis

The success of the release of ChatGPT in December 2022 put artificial intelligence (AI) at the forefront of boardroom discussions across many companies. The ability to generate human-like responses to almost any query with remarkable confidence has captivated many. ‘AI’ is an umbrella term that encompasses a wide range of technology, including machine learning, natural language processing, computer vision, robotics and more.