Davidson Deem - Mortgage Broker

11/01/2024

Mortgage Lenders switch focus to remortgages in 2024 - read Peter's thoughts here in this article by The Intermediary:

This week, both HSBC and Santander repriced, with the cheapest rates available being for remortgages rather than purchases.

08/01/2024

Peter Stokes at Davidson Deem gives his insight on the mortgage market, following HSBC introduction of lower rates sub 4%.

It joins Generation H, which launched its first rate below 4% just before Christmas

03/01/2024

Some interesting insights for borrowers from Peter Stokes, Director of Davidson Deem, as featured in The Telegraph.

Peter expects to see major lenders begin to lower their rates in the coming days and weeks, as they take their cue from smaller lenders and recent changes in swap rates:

Lenders plan to re-launch cheaper loans as markets bet on cuts to borrowing costs

24/12/2023

Merry Christmas and a Happy New Year from all at Davidson Deem.

We hope you have a lovely Christmas.

20/12/2023

Insider Insights: When Will the Bank of England Base Rate See a Reduction?

Davidson Deems' Peter Stokes weighs in on the current base rate hold in this latest publication from The Intermediary news.

Read the article here:

This move followed the central bank’s initial decision to pause rate hikes in September, after 14 consecutive rises beginning in December 2021.

19/12/2023

We aim to make the mortgage process clear and easy to follow

12/12/2023

Self-employed mortgage customer review

06/12/2023

Fixed Mortgage Rate ending 2024 - Explore Your Mortgage Options

At Davidson Deem, we offer a highly professional service, helping you find the best mortgage deals. Whether you are a high-net-worth individual, a Doctor, Solicitor, or other Professional.

Davidson Deem provides a personalised service and has a loyal client base, with some families partnering up with us over several generations.

We source deals from across the UK mortgage market and have particular expertise when it comes to advising high-net-worth individuals including doctors, accountants, lawyers, and company directors.

Discover what sets us apart in the world of mortgage lending and get in contact today, send us a message or use the ‘contact us’ button at the top of the page.

05/12/2023

Many of our clients work for the NHS

04/12/2023

Interest rate projections and swap rates.

Swap rates try to predict the Bank of England’s future base rate, so are heavily influenced by market expectations.

A two-year swap rate is the average expectation of Bank base rate over the next two years, while a five-year swap rate is the average expectation of Bank base over the next five years.

Drop a comment below if you have any questions in regards to swap rates or your mortgage

29/11/2023

Mortgage Portability, Continued...

We often get asked question’s like ‘why should I not fix for 5 years, even though I may move in 2 years, as the mortgage is portable?’

Advantages
- Potentially avoiding costly early repayment charges

- Retaining your current rate, which compared to rates at the time of moving may be more competitive

Disadvantages Part 2 (see Mortgage Portability Part 1 posted Monday 27th Nov).

- If your next mortgage is bigger than the current mortgage, you would need to take top up funds with the same lender, from their rate portfolio at that time. If it is uncompetitive, you have no choice but take one of these rates

- If you do top up the mortgage, in an ideal world you want to pick a rate with the same end date as the rate you are porting, so that both sub-accounts mature at the same time. This opens up different possibilities, such as potentially paying early repayment charges on one part of the account, or leaving one account on an expensive variable rate until it ‘catches up’, or renewing each rate in turn and paying double arrangement fees.

Portability is a great feature to have should your plans change. However, we do not usually recommend entering into a fixed rate knowing you will exercise this option for all the reasons above. If you plan on moving in say 3 years, generally it is a good idea to fix for 3 years and not beyond.

28/11/2023

Our clients find our service very efficient