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 response to FOS figures, though they rose primarily based on the FCA’s stories!
But statistics by no means inform the total story anyway and people available in the market may have a blended bag of experiences and viewpoints — some have had a fantastic month, others not a lot.
Our cowl story this month appears to be like on the first-time purchaser market and its ongoing challenges, with increasingly stress on the Bank of Mum and Dad
Having accomplished judging for the Mortgage Strategy Awards this month, we’ve had a real perception into the numerous trials and tribulations which have offered themselves up to now 12 months. 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 instances, to innovate and to flourish even, all with the top buyer in thoughts, has been inspiring.
The progress that has been made in some ways — from product innovation to work enhancing range and inclusivity, and buyer and colleague help, regardless of the continued carnage attributable to the Truss finances (for which, infuriatingly, she takes no accountability!) — is a credit score to the market.
Thank you to everybody who entered the awards and instructed their story with such coronary heart. Thank you additionally to our judges, who all the time take critically the duty of choosing a winner, understanding the significance of the best resolution.
We have had a real perception into the numerous trials and tribulations which have offered themselves up to now 12 months
Our cowl story this month appears to be like on the first-time purchaser market and its ongoing challenges, with increasingly stress on the Bank of Mum and Dad.
Our second characteristic investigates why final 12 months was “one to neglect” for the fairness launch market, and the steps which can 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 changing into utterly paperless and what wants to vary to make this a chance, and we examine a brand new housing technique coalition aiming to get the federal government constructing extra homes.
I look ahead to seeing you all on the awards in London for the perfect night time of the 12 months in a pair of brief weeks!
This article featured within the May 2024 version of Mortgage Strategy.
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