David Burrows

1 day ago | mortgagestrategy.co.uk | Roger Baird |David Burrows

The downturn in the UK construction sector showed signs of easing last month, with output and new orders falling at the slowest pace since the start of the year, data from the S&P Global UK Construction Purchasing Managers’ Index reports. The industry activity survey posted a 47.9 mark in May, up from 46.6 in April, signalling the slowest reduction in output since January. Lower business activity has been recorded throughout 2025 to date, “but the latest fall was only modest,” it adds.

3 days ago | mortgagestrategy.co.uk | David Burrows |Roger Baird

The Monetary Policy Committee denied there was any ‘group think’ or a ‘cluster pattern’ in how the members voted on interest rates. Asked by Select Committee member and Liberal Democrat MP Bobby Dean why specific members seemed to consistently vote the same way – Catherine Mann and Huw Pill; and Andrew Bailey and Sarah Breedon – the BoE governor Andrew Bailey played down claims of a serious ‘divide in the committee’.

3 days ago | mortgagestrategy.co.uk | David Burrows |Roger Baird

The Financial Conduct Authority (the FCA) has set out the finalised revisions to its Enforcement Guide, including an amended investigation publicity policy. The FCA insists the updated Enforcement Guide will be a more user-friendly document that benefits firms and consumers. The streamlined guide should make it easier for firms and advisers to access key information.

3 days ago | mortgagestrategy.co.uk | David Burrows |Roger Baird

Nearly half of the UK’s BTL landlords (44%) intend to put up rent in response to the new Renters’ Rights Bill, according to a new survey from Landbay. Of those who are raising rents specifically because of the Renters’ Rights Bill, landlords with portfolios of between four and 10 properties are most likely to hike rents (32%), closely followed by those with between 16 and 30 properties (28%). Properties in the South East are most likely to be impacted, followed by those in the North West.

4 days ago | mortgagestrategy.co.uk | Roger Baird |David Burrows

Halifax will lift selected fixed-rate residential loans by up to 16 basis points tomorrow, while Market Financial Solutions reduces rates across its bridging range. The high street lender will raise some two-, three- and five-year remortgage fixes by as much as 16bps, it says in a broker note, without giving further details. It adds that two- and five-year product transfer and further advance fixes will rise by up to 15bps.