Mortgage Hub Expert Ltd - Vicky Patterson

01/01/2025

Happy New Year to all you wonderful people !

03/12/2024

Still bending over backwards for my lovely clients!

25/11/2024

04/11/2024

Nationwide have released their latest house price index. This shows that whilst house price growth has slowed, prices continue to increase with the average house price £265,738. When interviewed, Robert Gardner, chief economist at Nationwide said “The price of a typical UK home increased by 2.4% year on year in October, though this represented a modest slowdown from the 3.2% pace recorded the previous month. House prices rose by 0.1% month on month in October, after taking account of seasonal effects. Housing market activity has remained relatively resilient in recent months, with the number of mortgage approvals approaching the levels seen pre-pandemic, despite the significantly higher interest rate environment.” He added: “Solid labour market conditions, with low levels of unemployment and strong income gains, even after taking account of inflation, have helped underpin a steady rise in activity and house prices since the start of the year. Providing the economy continues to recover steadily, as we expect, housing market activity is likely to continue to strengthen gradually as affordability constraints ease through a combination of modestly lower interest rates and earnings outpacing house price growth.”
October saw a month where many lenders increased their interest rates, this was due to turbulence with swap rates (essentially banks hedging their bets against potential interest rate fluctuations). This is encouraging news - as the economy starts to settle, we are starting to see a few lenders relax their affordability calculations and more confidence in the housing market. It will be interesting to see any potential impact that the budget may have with first time buyers when the stamp duty threshold is lowered back to £300,000 next April, as this will add urgency for first time buyers to complete before next April (the temporary stamp duty threshold of £425,000 will reduce back to £300,000 at the end of March 2025).

28/10/2024

Day 1 of half term.. good luck and enjoy!!

21/10/2024

No, I am not getting up today Mum!! 🤣❤️

14/10/2024

Happy Monday everyone ! I just wanted to say a huge thank you to all my wonderful clients for keeping me so busy!

30/09/2024

Happy Monday all!!! A very busy week ahead for me 😁😁 couldn’t resist posting this beautiful little face to brighten up a very miserable Monday morning!

23/09/2024

Rates are slowly going down!! Whoop!

16/09/2024

Looking at all your options around consolidation your debts into your mortgage and saving money each month, get in touch today!