Hello Market Watcher and welcome you to come back from anywhere.
Thank you for those who have always held the fortress for others.
It’s a summer full of prevalence, to say the least, and the next few weeks are expected to be as unpredictable as the last few minutes of the football transfer deadline.
Summer vacation is always a fun time to think about the year’s development and try to get some much needed energy before running at the end of the year. Before you know it, everyone is preparing for next year’s Christmas and plans, not even finished.
Putting NI on rental income is the last straw for many people
This time I spent two weeks in the United States and visited my family, and things there did seem to have had a profound impact. American society seems to be changing rapidly.
In some places, people don’t feel like they can talk about certain things – they’re bubbling here, too, not just on social media channels, which have become war zones. The scars of separatist politics are like medals everywhere, and the only dialogue is strictly uncivilized.
Plus the blamed cocktails, fake news and total nonsense are real fears of the unknown – no, it has nothing to do with immigration, but artificial intelligence (AI). This is affecting the job market, with some graduate roles declining, and anecdotes about high-paying technicians or data analysts already being replaced by AI.
Now, it seems that there is only a 50/50 chance this year to be downgraded for so long
It’s all very stark for the first-row defender, and when I was going to refresh and be full of energy, but, man, considering a lot of things are going on around the world, it’s hard, which makes people even more intensified by the glorious self-public people. Sometimes it is difficult to know where real life and fantasy meet.
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In Britain, we have our own battles, not around the current government, which are all hit by the blows of these separatist politics.
It’s not a bad idea to try to incorporate some new expertise into the government a little bit, but I do wonder if they’re talking to the right consultant.
We all know that a wise move may be to include 2P in the income tax for everyone and be completed, but being bound by their election commitments means a range of other measures need to be taken to make all possible with potential consequences.
It may be frustrating to return to that much beloved political football landlord trying to squeeze out more political football from it. Putting national insurance into rental income will be the last straw for many, most of which are decent, and a smaller private rental sector has serious social and economic implications.
Latest changes to mortgage rules proposed by regulators soar a lot of drinks on both sides of the debate
The market itself seems to be frightened, it’s about the 30-year government bond yields that have jumped to their highest levels since 1998, meaning that government borrowing is more expensive when we don’t need it, and the budget helps us.
We will see what this brings, but there is always reason to stay optimistic, especially in our market. There are still key differences between now and the terrifying truss mini budget, especially since not all gilded schedules have been affected this time, and the UK is not alone as France, Germany and the United States have seen similar rises.
Global pressure
Global pressure beyond our control has further exacerbated things, making the problem more acute and the Prime Minister’s work harder. Watch this space!
All this combination means the next Bank of England tax rate decisions have also become more divided, and now there is only a 50/50 chance this year seems to be a longer time.
The government has suffered four blows in the politics of these departments
Now, I travel with me again to the mysterious money market, while the three-month Sonia meanders 0.17% to 4.20%, but the swaps move upward maliciously.
Since the previous column:
2-year payments rose 0.14% to 3.71%
Payments rose 0.17% to 3.71% in 3 years
Payments rose 0.19% to 3.80% in 5 years
Money has increased by 0.23% in 10 years to 4.16%
So, what about our little tranquil mortgage industry lagoon? Again, there are challenges everywhere, but, you know? We have been here many times before and always have the upper hand, especially when we stand together.
Latest changes to mortgage rules proposed by regulators have soared a lot of drinks on both sides of the debate. It’s nice to know that Ami is in the tide, reflects the perspective of the hard-working agent community and, like many, continues day after day to prove the great value of the proposal.
We all know that a wise move may be to include 2P in your income tax and can be done.
What the public really wants is advice and protection, so they have voted with their feet. No lender who attracts borrowers offers the protection brought by this advice, which is important to their profit margins, but this is not better for clients and is certainly different from lenders’ commitment to brokers and the health of the industry as a whole.
That said, it seems that many lenders are listening to brokers involving standards and other feedback, and some good changes have occurred.
Leadership Fees
Santander continues to lead the charges, reborn like a knight in shiny armor into the intermediary world. It has made many broker-friendly changes, and its latest change is to allow borrowers to adopt product transfer rates early without having to wait until the actual current interest rate expires. There will be a new option to click on “Today” and if the tax rate is better, all fines will be waived.
HSBC has improved its revenue multiples, and first-time home buyers can now borrow up to 5.5 times the revenue. It also raises the maximum deadline and age of some and some applications.
What the public really wants is advice and protection, so they have voted with their feet
Lovely Coventry confirms that the new affordability rules mean that those with auto loans can now borrow more. Meanwhile, the tempting Skipton made a series of changes to its self-employed standards, required documents, and contractor revenue calculations and standards.
The Darlington Building Society has gradually returned to borrowers who accept foreign currency payments. With up to 80% of LTV available, it will accept 16 global currencies, i.e. expats or UK residents obtained in these currencies. Definitely worth checking out.
Interestingly, while not surprising, the discovery Vitality report found that one-third of those moving clients never censored their protection. About 63% of movers have looked at their protections but made no changes, which suggests that many people do not have the right cover and represent an opportunity for review. Interestingly, the results of the next AMI report are shown as the industry.
Finally, I hope you all goes well as we enter the final stage of the year. Hopefully I’ll meet many of you at various events by the end of the year, so please stop and say hello. And continue to fight.
Zero heroes
this LTI Change Raft Improved the borrowing capacity of many people
Small building society Continue to provide customers with such important choices
AI If used well, it can be a blessing, not a curse – more training is needed in the industry
quantity People don’t review their protection needs – We have the opportunity to help here
this It is recommended to trigger rule changes – It will not benefit consumers and take away protection
Do you know what makes me smile?
There’s a lot going on in the mortgage market, from the bias of the president of the Association of Mortgage Agency (AMI), I’ve been saying, I’ve always felt relieved that AMI is fighting our position on so many fronts.
I have had a lot of debate about AMI work with brokers, but our world is much better than where there is no such thing as it. The team of Stephen, Stacey, Rachel, Sabrina and Claire is incredible, with a wide range of knowledge and passion for everyone.
AMI is an important part of making our industry great
AMI is now more obvious on social media, and has done a lot of things and even more work to do.
It really deserves our support and welcomes conversations and feedback. As I discovered, it’s much more to be involved and influence internal changes than to shout outside.
AMI is an important part of making our industry great and the key to continuing to make it better.
Andrew Montlake is a director of Coreco
This article is in the September 2025 version Mortgage Strategy.
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