Housing Costs and Policy Add Pressure on Buyers
The average cost of moving home in England is now reported at £17,413, while house prices fell 0.2% in September and annual growth has weakened. Higher mortgage rates are also affecting activity, with reports of falling approvals and a year-on-year decline in property sales. These conditions make a complete assessment of upfront costs and affordability […]
Protection Gap: A Timely AI Engagement Opportunity
National Friendly has launched Mortgage Protect, a short-term income-protection product available alongside active mortgage or remortgage applications without health or lifestyle questions at application. Meanwhile, AMI research indicates that between 79% and 95% of consumers who dropped out of a protection journey said something could have changed their decision. This suggests advisers have a significant […]
AI in Mortgage Advice: Keep the Human in Control
Industry commentary increasingly positions AI as a practical tool for mortgage firms rather than a substitute for advice. Potential applications include client triage, meeting-note summaries, CRM prompts, lender-criteria search and identifying protection or remortgage opportunities. The value is likely to be greatest where AI removes administrative friction and gives advisers more time for complex client […]
Higher LTI Lending Expands Buyer Options
Skipton Building Society has widened access to its LTI Booster range, allowing eligible borrowers to borrow up to six times income at up to 90% loan-to-value. Separately, The Cambridge has introduced a 98% mortgage, while evidence suggests many first-time buyers are relying on side income to build a deposit. These developments create opportunities for advisers, […]
Mortgage Rates Hit 6%: AI Can Help, But Advice Matters
Average five-year fixed mortgage rates have reached 6%, with average two-year fixes close behind at 5.98%, amid swap-rate volatility and higher gilt yields. Product pricing remains uneven: Accord has cut all residential new-business fixed rates by 0.10%, while TSB and Coventry Building Society have increased selected pricing. For advisers, this is a fast-moving sourcing and […]