Benefits of a Mortgage Broker

Posted by SarahWichelow on Tuesday 22nd of January 2019

Purchasing a property is likely to be one of the biggest financial decisions someone will ever make. No matter how many properties you’ve bought in the past, the world of mortgages can feel like a minefield…

Where can I find a lender? What type of rate is best for me? What rate can I get? What can I afford? How do I apply? How can I know I fit the lender criteria? How long does it take? What if there’s a problem with my application?

And the list goes on! As Mortgage Advisers, it is our job to know the answers to these questions and to guid...


Being a First Time Buyer in today's property market

Posted by PeterEdwards on Monday 7th of January 2019

Being a first-time buyer in today’s property market is not as easy as it was 30 years ago, with millennials at age 30 being 50% less likely to own a home than baby boomers at the same age[1].  There are a range of issues that first-time buyers face and whilst government regulation has tried to address these, the problems are ultimately far greater than any legislation could change overnight.

Income Multiples

From the perspective of a mortgage adviser, the affordability for mortgages isn’t as bad as what individuals imagine it to be.  With ...


Market update: Trade war pauses and Fed hints at slower monetary tightening.

Posted by stefanlubek on Monday 3rd of December 2018

LAST WEEK – KEY TAKEAWAYS


MONETARY POLICY: FED CHANGES TONE

• US equities rallied as Federal Reserve chairman Jay Powell said interest rates are approaching the neutral rate- the level that neither boosts or slows economic growth- and insisted ‘there is no pre-set policy path’; 
• The previous month Powell talked about rates probably being a ‘long way’ from neutral. 
• Omnis view: Powell’s comments suggest the Fed may slow the pace of monetary tightening in 2019, although a rate hike remains likely at its December meeting.

GLOBAL TRADE: T...


Six years on from Automatic Enrolment

Posted by stefanlubek on Friday 30th of November 2018

Six years on from the launch of Automatic Enrolment in workplace pensions figures show there are close to 10million UK workers saving for retirement. But a recent Office for National Statistics (ONS) survey revealed 13% of people believe they don’t know enough about pensions to save into one. So, do you know if you are saving in to a workplace pension, how much you are saving or how much you need to save?

The ONS survey reveals 91% of eligible employees are now contributing to a pension but only 63% have realised they are doing so. If you a...


Market update: Draft Brexit deal ahead of possible Italian sanctions

Posted by stefanlubek on Monday 19th of November 2018

LAST WEEK - KEY TAKEAWAYS

BREXIT: DRAFT WITHDRAWAL DEAL TRIGGERS VOLATILITY IN UK ASSETS

  • The UK and EU agreed a draft withdrawal deal on Tuesday, covering the financial settlement, residency rights and the Irish border;

  • The UK cabinet approved the deal on Wednesday, but several ministers resigned in protest on Thursday;

  • While the initial market reaction to the agreement was muted, the subsequent political turmoil prompted more pronounced market moves: UK government bonds rallied, sterling weakened against the US dollar and sh...


UK and EU agree draft withdrawal deal

Posted by stefanlubek on Thursday 15th of November 2018

On Tuesday 13th November, the UK and the EU agreed a draft Brexit withdrawal deal.

  • The deal covers the terms under which the UK will leave the EU: the financial settlement, residency rights, a backstop to avoid a hard border in Northern Ireland and the transition period;
  • It does not establish the future trading relationship between the two sides, but it includes a statement outlining a trade deal;
  • The UK cabinet approved the deal following a lengthy meeting on Wednesday 14th November;
  • Mrs May must now bring the deal to parliament where...

Market update: US assets rally as midterm elections spring no surprises

Posted by stefanlubek on Monday 12th of November 2018

LAST WEEK – KEY TAKEAWAYS

US: EQUITIES RALLY IN AFTERMATH OF MIDTERMS

• US equities rallied after the midterm elections, as the Democrats won control of the House of Representatives and the Republicans increased their majority in the Senate; 
• The Federal Reserve left interest rates unchanged following its meeting on Thursday but issued an optimistic outlook for the US economy, increasing the likelihood of a hike in December. 
• Omnis view: The midterm elections failed to spring any surprises, which US equities welcomed. However, the prospe...


Market update: Sterling volatile amid mixed Brexit rhetoric

Posted by stefanlubek on Monday 5th of November 2018

LAST WEEK – KEY TAKEAWAYS

UK: STERLING REMAINS SENSITIVE TO BREXIT RHETORIC

• Sterling was up over the course of the week as the chances improved of a soft Brexit;
• In the event of an orderly Brexit, the Bank of England said it would need to gradually raise interest rates to 1.5% over the next three years to keep inflation under control;
• Standard and Poor’s warned a ‘no deal’ Brexit might lead to a recession and a lowering of the UK’s credit rating, although it expects the two sides to reach an agreement during the transition period;
• ...


Key points from the Autumn Budget

Posted by stefanlubek on Monday 29th of October 2018

In a longer than usual Budget speech, and in a slightly more jocular than usual mood, the Chancellor laid out the government’s vision for post-Brexit Britain. With a raft of measures aimed at shoring up businesses, infrastructure and the health service, Mr Hammond used the better than expected public finances to present an upbeat programme. Leaving some of the major announcements for last, this was a Budget to mark the coming of the end of austerity.

Some of the main announcements were:

  • The personal allowance will be raised to £12,500 fr...

Market update: Brexit uncertainty returns as US equities stem losses

Posted by stefanlubek on Monday 22nd of October 2018

LAST WEEK – KEY TAKEAWAYS


UK: MIXED WEEK FOR STERLING AS BREXIT UNCERTAINTY RESURFACES

• Sterling weakened at the start of the week following Brexit Minister Dominic Raab’s one-hour meeting with Michel Barnier, the EU’s chief negotiator; 
• Raab told Barnier that the UK could not agree to the withdrawal deal at the EU leader’s summit on Thursday, and the talks ended in stalemate; 
• Sterling rallied later in the week as data released by the Office for National Statistics showed wages grew at the fastest pace since the financial crisis in t...


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