The catalyst for the recent turmoil in the mortgage market is, we can all agree, unprecedented. But the resultant situation that faces mortgage lenders isn’t. Far from it.
You only need go back to 2007/2008 for a recent example of lenders facing a similar scenario.
Back then, global money markets collapsed, plunging not just institutions but countries into financial uncertainty. Their banks had to make decisions whilst surrounded with looming recessions and a future of unknowns.
The same is true as we look ahead today. The question is, what are banks and building societies doing differently this time around?
Continue reading »Post-Lockdown (2021) UK Mortgages: a Generalisation Theory
You may well be familiar with this story. High Street lenders have already deeply scarred most contractors and freelancers by the time they reach us.
You can make getting a mortgage as a self-employed contractor as hard or as easy as you’d like. Go the traditional High Street route and you’re in for a hard, dissatisfying slog. But find a contractor specialist broker? Your hardest job will be choosing matching curtains and carpet.
It’s thanks to the IT crowd that bespoke 
The six-year holiday is officially over. Earlier this year, Mark Carney, BoE Governor, forewarned banks that the base rate would rise.
