Posts

The Left Behind Generation Of “Second Steppers”

Gross mortgage lending in 2018 has been predicted to rise for the eighth year in a row to reach its highest level since 2007, according to the fifth annual market review and forecast from the Intermediary Mortgage Lenders Association’s (IMLA), published today. Read more

10 Minute Turnaround For Tuna… And Mortgages

Jamie Oliver’s bestselling 30 Minute Meals book was published in 2010. Two years later his 15 Minute Meals book knocked JK Rowling’s new novel off the bestseller top spot. And last year his 5 Ingredients, quick and easy food was a favourite stocking filler. This latest speeded-up offering reduced the number of items to shop for to 5 and gave us the recipe for delivering Seared Sesame Tuna to the plate in just 10 minutes. Read more

35 Year Mortgages – Can You Afford Not to Have One?

One in four first time buyers are taking out a mortgage that will last 35 years or more. Claire Miller, writing for the The Mirror, reports this week on a phenomenon, which could see borrowers in mortgage debt all their working lives and possibly well into their 70s. Read more

Mark Carney’s Warning: We Need a New Zeitgeist of Affordability

Mark Carney warned this week that Britain could be heading for another economic crash as households over extend on consumer credit. It seems, as a nation, we have short memories. Read more

Tumbleweed Rolls through the Branches as Banks go Digital

Last week in this blog I flagged up Radio 4’s The Bottom Line’s interesting debate about the impact of fintech on the banking scene. If you had time to tune in, you will also have heard Anthony Jenkins, former CEO of Barclay’s Bank talk, in almost apocalyptic terms, about the accelerating fall in branch traffic. He quoted customer traffic as falling by 15% per annum and said: “If you walk into a branch in central London now, you can see the tumbleweeds rolling through the aisles.” Read more

Ten Minute Mortgages for the Self-Employed

If you’re self-employed, you may be reeling a little from the changes in your tax fortunes as last week’s budget rise in national insurance contributions for the self-employed was reversed this week. Read more

Kick the Pizza Habit & Pass the Mortgage Stress Test

It’s February, it’s miserable, the days are getting a wee bit longer, but not much. It’s time to think about holidays, get something in the diary to look forward to. And most of the planning is great. City break, ski, beach or an adventure? But, its not all fun in the sun. Once we start signing on the line, we are simultaneously worst-case scenario planning. We take out insurance in case we’re ill and have to cancel, in case we break a leg, in case we lose all our luggage and have to improvise a new holiday wardrobe, in case we get food poisoning and have to fly home early. We take contingency planning very seriously – even if it is only a quick flip to France. Read more