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Top related persons:
Nicholas Mendes - 2 John Charcol - 2 Mendes - 2 Oliver Knight - 1 Knight Frank - 1 Oscar Wong - 1 Ed Monk - 1 Richard Donnell - 1
Top related locs:
Britain Bank of England States
Top related orgs:
Bank of - 2 Fidelity International - 1 CNBC - 1 Mortgage - 1 Bank of England - 1 National Institute of Economic - 1 Social Research - 1 Soaring - 1

Search resuls for: "Nicholas Mendes"


3 mentions found


☆ Britain faces a mortgage crisis with renters and homeowners in the crossfire. Here's how to protect your money
  + stars: | 2023-08-02 | by ( Sophie Kiderlin | In | ) www.cnbc.com   time to read: +5 min
"Demand is being stoked by a strong jobs market, record immigration and rising mortgage rates," Donnell said. Mortgage crisisBritain's mortgage crisis has been brewing for months. Nicholas Mendes, a technical mortgage manager at mortgage broker and advisor John Charcol, told CNBC Make It that there are pros and cons to both. Prospective buyers may feel "trapped" in the rental market, which could deter them from trying to buy, they told CNBC Make It. Higher mortgage rates are prompting some of those who still have mortgages to pay off to pass on those additional costs to renters, he said.
Persons: Oliver Knight, Knight Frank, Oscar Wong, Ed Monk, Richard Donnell, Zoopla, Donnell, Monk, Nicholas Mendes, John Charcol, Mendes, Urvish Patel, Barry Naisbitt Organizations: Fidelity International, CNBC, Mortgage, Bank of, Bank of England, National Institute of Economic, Social Research Locations: Britain
☆ Is Britain on the edge of a mortgage market meltdown?
  + stars: | 2023-06-22 | by ( Sinead Cruise Iain Withers | Sinead Cruise | Iain Withers | ) www.reuters.com   time to read: +6 min
WHY HAVE UK MORTGAGE RATES SOARED? There are two main types of mortgage rate - variable and fixed. Fixed rate mortgages lock in a particular interest rate upfront, usually for a period of two to five years. Banks say they have to reflect these market moves to avoid pricing mortgages at a loss. Critics say banks could do much more, particularly as they have passed rate rises through to savers much more slowly than mortgage rates have risen.
Persons: BoE, Banks, Nicholas Mendes, John Charcol, Mendes, Jeremy Hunt, Hunt, Roger Gewolb, Sinead Cruise, Iain Withers, Catherine Evans Organizations: Soaring, Bank of, WHO, Finance, ASK, Labour, Fair Finance, Reuters, Thomson Locations: Britain, Bank of England, States
☆ UK mortgage rates are soaring: Here's what you need to know as a first-time buyer
  + stars: | 2022-10-10 | by ( Sophie Kiderlin | ) www.cnbc.com   time to read: +4 min
Uncertainty around the U.K. housing and mortgage market has spread among first-time buyers. Unfortunately, a number of other factors are simultaneously making their lives harder: namely, inflation, interest rates and mortgage market disruption," he told CNBC Make It. However, what they have saved on SDLT [stamp duty] will likely be eaten up on higher mortgage rates pretty quickly," he said. So, what about mortgage rates? This could go up even further, Nicholas Mendes, a technical mortgage manager at mortgage broker and advisor John Charcol, believes.
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