2022 has been an unpredictable year for the mortgage market, to say the very least. After nearly two and a half years of soaring property prices pushed up by a shortage of stock, buyers are now contending with a Bank Rate of 3%, high inflation and the beginning of a recession. And while September’s ill-fated …
Just eight weeks after Kwasi Kwarteng dished out a raft of cuts in his ill-fated mini-Budget, his successor, Jeremy Hunt, introduced a series of tax rises and spending cuts. Stressing a focus on ‘stability, growth and public services’, the Chancellor warned that high inflation is the ‘enemy of stability’. The Office for Budget Responsibility’s latest …
The Bank of England has raised interest rates from 2.25 to 3 per cent, the eighth consecutive increase, and the biggest jump in three decades. Seven members of the Monetary Policy Committee favoured a 75 basis points rise, with one voting for a 50 basis points increase and the remaining member voting for an uptick …
After a year of many twists and turns, the latest Bridging Trends figures have been released and show that a total of £214.7m in bridging loans was transacted during the third quarter of 2022 by those who contribute to the data*. This is a record high and a 20% increase on Q2’s figure of £178.4m. …
Back in 2008, Tomer Aboody and Joshua Elash founded MT Finance on the basis of being trustworthy, flexible, and transparent. And while the company may have grown dramatically in the last 14 years, these principles remain just as important to us all. We listen and review every case, finding solutions; this is why every award …
After years of rock-bottom interest rates, it finally looks as though they are heading for 5 per cent, with some commentators even suggesting 6 per cent. We don’t expect the situation to get as bad as that but we wouldn’t be surprised if rates stabilise at around 4 per cent over the next two years. …
A few weeks ago, in early September, we packed up our bags, belongings and computers and bid a fond farewell to Holborn Tower, MT Finance’s home of over four years. Our next stop? The 20th floor of The Broadgate Tower, an imposing skyscraper on the edge of The City. A space found and organised by …
Chancellor Kwasi Kwarteng’s so-called mini-Budget was one of the most revolutionary Budgets seen in a generation. Extensive tax cuts aimed at boosting the UK’s economy have since sent the markets, and pound, into freefall. main measures Mr Kwarteng announced that the additional rate of tax of 45 per cent would be scrapped, while the …
The Bank of England has raised interest rates from 1.75 to 2.25 per cent, the seventh consecutive increase, as it tries to get a handle on soaring inflation. Five members of the Monetary Policy Committee favoured a 50 basis points rise, with three members voting for a more aggressive 75 basis points increase and one …
Just when it looked as though they couldn’t possibly edge any higher, given rising food, fuel and energy bills, along with interest rates, house prices continue to do just that. Figures out this week from the Land Registry reveal that the annual rate of UK house price growth soared to 15.5 per cent in July, …
