The Budget is here
Welcome to November’s edition of Mortgage and Property Investment Magazine where we cover all the latest ongoings from within the property market and provide insight and analysis from the biggest players in the mortgage sector.
October was a month filled with questions and intrigue whilst November promises a month of further excitement in a market that has never been more interesting.
Last month Chancellor Rachael Reeves announced her much awaited Autumn Budget that was earmarked as being a seismic change for the property sector. Whilst these claims may have somewhat been oversold, there were numerous changes, including alterations to stamp duty, that will be of interest to advisors, brokers and their clients.
This next month is likely to be of similar importance with the Bank of England meeting to determine their interest rate decision with the hope that interest rates will continue to trend downwards. There is also the small matter of the US presidential election.
In all, November is set to be an exciting month for the mortgage and property market as we all hope for a strong end to what has been a difficult year and to keep up to date with all the latest developments and the fallout of Chancellor Reeves budget, keep an eye on our website.
In this month’s edition
Now that we have covered the big picture it is time to look at the contents of this month’s magazine. In this issue we cover Halifax’s latest HPI data release, we look at whether or not landlords are fleeing the sector or if in fact the buy-to-let market is looking optimistic. We also uncover the latest data on property transactions for Q4.
First up, Halifax’s HPI data reveals that house prices are continuing to trend upwards as they rise for the third straight month. In response to this a selection of our mortgage and property editorial panel as well as experts from around the industry have shared their thoughts.
Following on from Halifax’s data we have two articles looking at the state of the buy-to-let market as the screw continues to be turned on landlords. Both pieces analyse the strength of the current BTL market and look at whether landlords may be being forced out of the sector.
Finally, Landmark’s CEO, Simon Brown discusses his team’s Q3 Residential Property Trends report that revealed that property transactions were down when compared to Q3 in 2019.
IFA Talk: Mortgage and Property
Our guest on this month’s Mortgage & Property special edition of the IFA Talk podcast was Rachael Hunnisett, Director of Mortgage Distribution at April Mortgages.
April is a lender which specialises in longer term fixes – and in her role there, Rachael is very much involved in driving their intermediary business.
In the conversation, Rachael focused on why clients might want to fix their mortgage for an extended term, whether recent extensions to LTIs are likely to help and whether this is a feature which is likely to grow in popularity in the months and years ahead.
Alex Sullivan
Managing Partner,
Mortgage and Property Investment Magazine
