Nicholas Hague’s Post

“Loans in arrears represent a small share of total housing lending,” the Reserve Bank of Australia (RBA) has reported in its latest Financial Stability Review, confirming that the overwhelming majority of borrowers are keeping up with their mortgage repayments. “Less than 1% of all owner-occupier housing loan balances are 90-plus days in arrears. While banks expect arrears to increase slightly, arrears rates remain around their pre-pandemic levels.” That said, the RBA noted that loan arrears had risen steadily from late 2022, shortly after interest rates started increasing. Borrowers with high loan-to-value ratios or high loan-to-income ratios have been most likely to fall into arrears. “By contrast, arrears rates of other mortgagor groups, such as recent first home buyers, have not risen as much,” the RBA said. “The same observation holds for those who borrowed at low (including fixed) rates, most of whom have now transitioned to loans with higher interest rates.” Concerned about rising interest rates or loan arrears? Stay informed and take control of your financial future! Our expert brokers are here to guide you through the changing market and help you navigate your options. Contact us today for personalized advice and solutions. https://lnkd.in/g6Yi4XYa . #CentralLendingSolutions #property #realestate #homeloans #PropertyMarket #RealEstateUpdates #HomeLoans #MortgageAdvice #LoanArrears #FinancialStability #InterestRates #FirstHomeBuyers #PropertyFinance #MortgageTips #FinanceExperts #RBA

“Loans in arrears represent a small share of total housing lending,” the Reserve Bank of Australia (RBA) has reported in its latest Financial Stability Review, confirming that the overwhelming majority of borrowers are keeping up with their mortgage repayments. “Less than 1% of all owner-occupier housing loan balances are 90-plus days in arrears. While banks expect arrears to increase slightly, arrears rates remain around their pre-pandemic levels.” That said, the RBA noted that loan arrears had risen steadily from late 2022, shortly after interest rates started increasing. Borrowers with high loan-to-value ratios or high loan-to-income ratios have been most likely to fall into arrears. “By contrast, arrears rates of other mortgagor groups, such as recent first home buyers, have not risen as much,” the RBA said. “The same observation holds for those who borrowed at low (including fixed) rates, most of whom have now transitioned to loans with higher interest rates.” #evokecapital #financebroker #mortgagebroker #mattspears #finance #lending #property #realestate #mortgage #australia

🏠 European consumers are being squeezed by high housing costs. ↗️ #Housing costs have surged more than 10% since the interest rate hike cycle began in 2022! Rising costs have driven up variable mortgage rates, meaning hardship for potential borrowers and homeowners. 🪄 Finance Watch believes a few key changes to current legislation could bring consumers relief from the #AffordableHousing crisis: ✅ Require creditors to offer both fixed and variable rate mortgages that aren’t bundled with unnecessary add-ons  ✅ Strengthen rules to prevent the mis-selling of mortgages to households unable to repay them, and to prevent financial exclusion based on discrimination ✅ Enforce fairer forbearance measures when consumers face financial hardship ✅ Enhance the supervision of non-bank mortgage lenders 🛡️ Legislators should bolster #ConsumerProtection by laying down stronger rules for creditors and credit intermediaries. To learn how Finance Watch is advocating #affordability, fair access and #DebtRelief in EU housing, explore our latest position paper. 👇 https://lnkd.in/euBNnstG #FinancialInclusionFriday

Today the Bank of England voted to reduce interest rates from 5.25% to 5%. Commenting on the decision, Kevin Shaw, our National Sales Managing Director, said: "The reduction in interest rates announced by the Bank of England today is good news for the property industry and the millions of people wishing to move, remortgage or get onto the housing ladder after a period of uncertainty. "LRG (our umbrella company) has seen positive trading in July, with sales figures strong and an increasing number of new applicants registering. Today’s decision is a strong indication that growth is here to stay. "There’s lot of pent-up demand in the market after months of political uncertainty and today’s decision on rates is the starting pistol that we’ve been waiting for. "After a good July, we look forward to an even better August and the likelihood, in many cases, of getting people into their new homes before Christmas." #bankofengland #baserate #interestrate #mortgages #movinghome

Today the Bank of England voted to reduce interest rates from 5.25% to 5%. Commenting on the decision, Kevin Shaw, our National Sales Managing Director, said: "The reduction in interest rates announced by the Bank of England today is good news for the property industry and the millions of people wishing to move, remortgage or get onto the housing ladder after a period of uncertainty. "LRG (our umbrella company) has seen positive trading in July, with sales figures strong and an increasing number of new applicants registering. Today’s decision is a strong indication that growth is here to stay. "There’s lot of pent-up demand in the market after months of political uncertainty and today’s decision on rates is the starting pistol that we’ve been waiting for. "After a good July, we look forward to an even better August and the likelihood, in many cases, of getting people into their new homes before Christmas." #bankofengland #baserate #interestrate #mortgages #movinghome

The UK housing and residential mortgage-backed securities (RMBS) market has been navigating a complex landscape marked by elevated mortgage rates, a cost of living crisis, and shifting economic indicators. But have the tides turned? Recent house price index data published by Halifax highlighted that UK house prices have risen by 4.3% annually in August 2024, their fastest rate since November 2022. ARC Ratings' latest report on the sector delves into the impact of these factors on property prices, loan demand, the broader housing market and RMBS transactions, supported by recent data and market reports. Alongside ARC's recently updated RMBS methodology, available here: https://lnkd.in/dWtVx6q3, this publication highlights ARC's commitment to keeping up to date with all prevalent market trends and factoring them into our ratings analysis. #structuredfinance #securitisation #RMBS #housing #mortgage #economy #UK #rates #credit #creditratings

A growing proportion of buyers who want to purchase their first, or next, investment property lack the funds for a deposit, according to Australian Property Investor (API) magazine. The API Property Sentiment Report for Q3 reveals that 25% of survey respondents – 95% of whom are already property investors or homeowners – say this is the main factor stopping them from buying an investment property. This is a stark contrast to Q2 when only 12% of respondents cited a ‘lack of finances for a deposit’ as their biggest restriction. For self-employed borrowers, securing an investment home loan from a mainstream bank can be even more challenging, and they are often overlooked by these lenders. Fortunately, at Rate Money, we are committed to helping mortgage brokers secure investment home loans for their self-employed clients. We have an intimate understanding of their needs and are able to provide fast, flexible loan assessments as well as charge competitive interest rates. #selfemployed #mortgagebrokers #homeloans

A growing proportion of buyers who want to purchase their first, or next, investment property lack the funds for a deposit, according to Australian Property Investor (API) magazine. The API Property Sentiment Report for Q3 reveals that 25% of survey respondents – 95% of whom are already property investors or homeowners – say this is the main factor stopping them from buying an investment property. This is a stark contrast to Q2 when only 12% of respondents cited a ‘lack of finances for a deposit’ as their biggest restriction. For self-employed borrowers, securing an investment home loan from a mainstream bank can be even more challenging, and they are often overlooked by these lenders. Fortunately, at Rate Money, we are committed to helping mortgage brokers secure investment home loans for their self-employed clients. We have an intimate understanding of their needs and are able to provide fast, flexible loan assessments as well as charge competitive interest rates. #selfemployed #mortgagebrokers #homeloans

A growing proportion of buyers who want to purchase their first, or next, investment property lack the funds for a deposit, according to Australian Property Investor (API) magazine. The API Property Sentiment Report for Q3 reveals that 25% of survey respondents – 95% of whom are already property investors or homeowners – say this is the main factor stopping them from buying an investment property. This is a stark contrast to Q2 when only 12% of respondents cited a ‘lack of finances for a deposit’ as their biggest restriction. For self-employed borrowers, securing an investment home loan from a mainstream bank can be even more challenging, and they are often overlooked by these lenders. Fortunately, at Rate Money, we are committed to helping mortgage brokers secure investment home loans for their self-employed clients. We have an intimate understanding of their needs and are able to provide fast, flexible loan assessments as well as charge competitive interest rates. #selfemployed #mortgagebrokers #homeloans

Always enjoy writing about the UK housing market, which looks set to defy the initial expectation of modest declines throughout the year by many market participants. Supply side constraints, lengthening mortgage terms and cooling inflation, amongst other factors, act as tailwinds to property values despite continued economic uncertainty. #Finance #RMBS #Housing #Research #ARC #Ratings #Residential #Mortgages