As we come into spring after what has felt like months of cold and darkness, a busy few months lie ahead. Tax Year end paired with a potential summer property boom will see both us at Mortgage and Property Investment Magazine, and our readers, as busy as ever.
A disappointing, if not surprising, Bank of England announcement is the headline of the month as interest rates held at 5.25%, a 16-year high.
Whilst a rate reduction was always unlikely, it would have given an extra boost to a market that is already on the up after a difficult 18-months. Successful mortgage applications are increasing property prices continue to strengthen and confidence is slowly returning to the market.
However, there still seems to be a reluctance from everyone to take the plunge and be the first to lower rates but it does now appear to be a matter of when rather than if.
In this month’s edition…
In this month’s issue of Mortgage and Property Investment Magazine our selection of industry experts have shared their thoughts on what the BoE decision means for the market and where it may head in the future.
Whilst our industry experts take a look the Bank of England base rate, Moneyfacts UK Mortgage Trends Treasury Report data published in March, has taken a look at the average shelf-life of a mortgage product as well as difference between an average two- and five- year fixed rate.
The report found that the average mortgage rates on the overall two- and five-year fixed rate deals rose, breaking six months of consecutive cuts.
IFA Talk Mortgage & Property Special
This month’s Mortgage and Property Special edition of IFA Talk saw Mike Lindsay-Bailey from new mortgage lender, Perenna and Thomas Farquhar from clean-tech innovator, Heatio talk to us about how retrofitting can shake up the mortgage market.
During the conversation, they explore some of the specialist finance needs which retrofitting can involve whilst also uncovering how innovative new schemes are disrupting the more traditional mortgage market by helping people retrofit the homes they currently live in.
Find time to relax
At Mortgage and Property Investment Magazine we are huge advocates for a good work/life balance and taking care of mental health.
The next few months will see tax year end, a busy summer period in the property market and potentially a general election. All of which will further add to the workload of advisors and brokers.
In light of this, we’d urge all our readers to find time to relax in between the busy periods, recharge and avoid burning out. Utilise the bank holidays to reset and make sure you are primed to tackle a challenging but exciting period.
Alex Sullivan
Managing Partner,
Mortgage and Property Investment Magazine
