There have been statistics aplenty launched in April, with relevance to the mortgage market: home costs fell, product charges noticed an uptick and mortgage-related complaints dropped, in line with FOS figures, though they rose primarily based on the FCA’s studies!
But statistics by no means inform the total story anyway and people available in the market may have a combined bag of experiences and viewpoints — some have had an ideal month, others not a lot.
Our cowl story this month appears on the first-time purchaser market and its ongoing challenges, with an increasing number of strain on the Bank of Mum and Dad
Having accomplished judging for the Mortgage Strategy Awards this month, we have now had a real perception into the various trials and tribulations which have offered themselves previously yr. Some of the anecdotes detailing the total weight of the challenges, on people and companies, have been heart-breaking. Equally, the drive to beat arduous occasions, to innovate and to flourish even, all with the tip buyer in thoughts, has been inspiring.
The progress that has been made in some ways — from product innovation to work bettering range and inclusivity, and buyer and colleague help, regardless of the continued carnage brought on by the Truss funds (for which, infuriatingly, she takes no accountability!) — is a credit score to the market.
Thank you to everybody who entered the awards and advised their story with such coronary heart. Thank you additionally to our judges, who at all times take critically the duty of deciding on a winner, understanding the significance of the best resolution.
We have had a real perception into the various trials and tribulations which have offered themselves previously yr
Our cowl story this month appears on the first-time purchaser market and its ongoing challenges, with an increasing number of strain on the Bank of Mum and Dad.
Our second function investigates why final yr was “one to neglect” for the fairness launch market, and the steps which might be being taken to show this round.
Meanwhile, on this month’s information evaluation items, we have a look at what’s stopping the mortgage market from turning into utterly paperless and what wants to alter to make this a chance, and we examine a brand new housing technique coalition aiming to get the federal government constructing extra homes.
I stay up for seeing you all on the awards in London for the perfect evening of the yr in a pair of brief weeks!
This article featured within the May 2024 version of Mortgage Strategy.
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