Ch-ch-changes, turn and face the strain….
The immortal words of Mr Bowie have never rung truer. We’re halfway through the year yet the mortgage industry has dealt with enough change in these past six months to fill a decade.
Mortgage rates are rising steadily. Those who’ve been around a while know rates remain low, historically, but for those new to the industry the rises are unheard of.
Either way, clients new and returning will require more coaching through the increases and I’m sure you’ll be doing a fair share of counselling as borrowers panic under seemingly endless price hikes in all areas. Our feature by Gary Adams looks at mortgage rates past, present and future, and whether the era of cheap money is over for the long term.
Landlords are back in the spotlight; as if the buy-to-let market needed more blockades!
With remortgage levels rocketing, according to the FCA’s May data, brokers have done a stellar job of helping clients to lock in deals before more rises.
Protection has also come to the fore. At judging for this year’s Mortgage Strategy Awards, more brokers than ever mentioned their focus on protection. In our cover feature we look at how this part of the market is becoming an integral part of intermediaries’ service offering.
Landlords are back in the spotlight; as if the buy-to-let market needed more blockades! News analysis by Becky Bellamy discusses the new PRS measures. But in this month’s BTL Watch Jeni Browne explains why it’s not time for property investors to throw in the towel.
As we went to press, the industry was about to gather for Ukraine Aid in King’s Cross, London; sure to be a cracking day of good music and company. It’s such a worthy cause and once again proves what we can do if we all pull together.
The magazine takes a siesta for the month of August but we will be back with you in September. You can keep up to date on Mortgagestrategy.co.uk.
The industry has dealt with enough change in these past six months to fill a decade
Do one thing for yourself in the next few months: turn off your phone and laptop and take a proper break from work.
It’s been non-stop out there and, after all, you can’t pour from an empty cup.
This article featured in the July edition of MS.
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