As the hottest season rolls spherical once more, the dilemma of entertaining children weighs closely, with faculties ending and the UK collectively contemplating investing in at-home air-con items.
But there isn’t a summer season break for the mortgage market.
The yr to date has been one among recalibration, if not full restoration from the struggling market skilled since 2020. And, 12 months since the basic election, it’s a case of, ‘Rather a lot completed, extra to do.’
We’re making massive plans at Mortgage Strategy Towers, with a bunch of thrilling new occasions in the works. Mortgage Innovation & Technology Live is deliberate for December
In June, the information that dealer charges had been rising by 2.4% went down like a lead balloon with a big cohort of the adviser group, unsurprisingly.
However, the hike is significantly lower than the 9% rise seen in 2024 and, if it goes a way in direction of the regulator’s promise to deliver innovation to the market sooner — and never in a way that drives customers away from recommendation, which many have feared — then the charge is probably a neater capsule to swallow.
There’s been a variety of motion in the market of late, regardless of the heat making us all need a relaxation. Earlier this month, Santander bought TSB for £2.65m, making it the fourth-largest mortgage lender in the UK, whereas rumours are rife that personal fairness agency Pollen Street Capital, proprietor of Shawbrook, is making a bid to take over Metro Bank.
There isn’t any summer season break for the mortgage market
We’re additionally busy making massive plans right here at Mortgage Strategy Towers, with a bunch of thrilling new occasions in the works. The first of which, Mortgage Innovation & Technology Live, is deliberate for December this yr and guarantees to deliver the trade collectively to debate the most important matters related to market professionals. Exciting occasions throughout!
In the July/August version of MS, now we have the typical array of reports and opinions on the most vital points in the market. The print journal is on the point of take its typical break for the month of August. I’m undecided what its plans are however I’ve heard it’s off on a Caribbean cruise, fortunate factor!
The information workforce, in the meantime, will proceed to replace the MS web site with all the trade information and views.
Wishing you all a soothing summer season and a manageable stage of heat!
This article featured in the July/August 2025 version of Mortgage Strategy.
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