PRESS COVERAGE
New 100% LTV mortgage aims to help tenants escape ‘rental trap’
Skipton Building Society's Track Record Mortgage removed what Adrian Anderson described to Estate Agent Today as the 'stumbling block' that had kept capable renters locked out of homeownership: the deposit. He provided detailed commentary on the product's significance - assessing whether it represented a genuinely scalable solution to the deposit barrier or a niche product with limited reach. Adrian Anderson welcomed the innovation while setting out the specific eligibility criteria and the risks that come with zero equity from day one.
Extract Published - 10th May 2023
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'Unhelpful' interest rate rise hits the housing market
'Particularly challenging for variable rate holders' - that was Adrian Anderson's assessment of the Bank of England's March 2023 rise to 4.25%, as quoted in Estate Agent Today. He set out the accumulated burden on tracker borrowers who had seen their rate rise by over four percentage points since December 2021 - a payment increase significant enough to destabilise household budgets planned around much lower costs. For those on variable deals still deliberating whether to fix, his message was that the time for deliberation had passed.
Extract Published - 24th March 2023
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‘End of an era’ - property sector digests record interest rate rise
The end of ultra-low interest rates - that was how commentators framed the Bank of England's November 2022 decision to raise rates by 0.75% to 3%, the largest single increase in over thirty years. Estate Agent Today featured Adrian Anderson's measured response to the milestone. He noted that with the base rate now forecast to peak closer to 4% than the 6% feared after the mini-Budget, those on historically low fixed deals still had time to prepare. His practical advice: 'Consider overpaying into the mortgage to help reduce the capital and get used to the higher monthly payments for when your fixed rate ends.'
Extract Published - 4th November 2022
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‘A safe pair of hands?’ – property industry reacts to new Chancellor
'A safe pair of hands' - that was how Adrian Anderson described the appointment of Jeremy Hunt as Chancellor in his reaction for Estate Agent Today, expressing cautious optimism that the change in approach could begin to calm markets that had been driving mortgage rates sharply higher since the mini-Budget. He explained how a credible Chancellor willing to reverse unfunded tax cuts could reduce pressure on gilt yields - and why lower gilt yields translate directly into lower fixed-rate mortgage pricing. The appointment came at a moment when lenders and borrowers desperately needed a signal that policy stability had returned.
Extract Published - 17th October 2022
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Mortgage rush predicted as interest rates hit highest level since 2008
A mortgage rush was the outcome Adrian Anderson predicted for Estate Agent Today following the Bank of England's September 2022 rise to 2.25% - and his call to action was unambiguous: 'The message to mortgage borrowers is very simple - don't wait, take action now as it's likely the situation will get worse in the short term.' He explained that lenders were already repricing their best fixed deals and that borrowers who delayed securing an offer while hoping for a clearer rate picture would find fewer, and more expensive, options when they eventually did act.
Extract Published - 23rd September 2022