Capital Fortune predict a lender rate war over the forthcoming months and indicate that mortgage interest rates may be set to be the lowest for a lifetime. We have seen a number of regional lenders enter similar spaces to each other, entering more specialist lending over the last couple of years in order to increase volumes and margin. The competition in previous niches is now significant and the increased volumes now only seem sustainable by a focus on lower interest rates, slashing margins.

The challenges for UK expats in Qatar just got worse. A further two U.K. Mortgage lenders have also announced that they are removing Qatar from their lists of acceptable countries for mortgage applications. Importantly, this is with immediate effect. The lenders, one an offshore Bank, one a regional building society, cite the climate of politico- economic uncertainty. 

The Hung Parliament result from the 2017 General Election was an outcome very few predicted.

After a poor campaign from the Conservatives, combined with a surge of grassroots and young support for Labour and Jeremy Corbyn – neither party achieved a majority – leaving the nation in uncertainty. Who knows what will happen next?

March 29^th saw the triggering of Article 50 in the UK. In doing so, a period of uncertainty is expected within the mortgage market. The economy, domestic political issues, the stock markets, inflation, house prices, property, the retail sector – all are now being viewed through the Brexit prism, all judged in relation to Brexit and its potential consequences.

Mortgage rates may be showing signs of rising, but that shouldn't dampen borrowers' desire to remortgage, particularly those coming to the end of a fixed two-year term. Indeed, our latest figures show that motivation to remortgage has hit its highest level since 2008, and by all accounts, it's only going to increase in the months ahead.

Competition is still fierce in the mortgage market, and with many high street banks claiming to launch the cheapest products ever on their records, many borrowers could assume that the mortgage rates from these providers will be significantly lower than those offered elsewhere. However, our latest research shows that things aren't always as they seem, as building societies are the clear winners when it comes to the mortgage rate war.

On 1st December, CapitalFortune held its first annual conference, with the focus being on digital and mutual lending within the 21st century.

The results from Newcastle last night around midnight, were the first indication that all was not well with the Remain vote. The North East powerhouse was predicted to be a strong Remain supporter given the high student population but when the result came in 50.5%/49.5%, it was clear the Remain vote may not hold up nationally.

Many banks have taken advantage of the Government's Funding for Lending scheme to fund their mortgage books in recent years, and a lot of those still have a significant sum of cash left to use.

We are pleased to report new research indicating that First Time buyers are at the highest on record for almost 2 years.

First Time buyers have found it difficult to get onto the property ladder, given average incomes in relation to house prices. This is particularly so in London and the South East. It is refreshing to see new research which therefore suggests that an increasing number are able to get over the obstacles and get on the property ladder. During April the number of First Time Buyers obtaining first time buyer mortgages were the highest seen since 2014.