As 2022 draws to a close, we thank each and every client, supplier and partner who’ve helped to make this another fantastic year for Stratton Thorpe Mortgage Solutions. Some of our 2022 highlights:
Winning Best Bespoke Mortgage & Protection Advisory Firm - Oxfordshire, 2022 SME UK Enterprise Awards.
Growing our team with Helen & Olga joining us so that we can assist more clients in the Oxfordshire area as well as further afield.
Expanding our extended network of brokers with Mandy Beaumont of Fairford Consultants covering the Surrey area and Gaurav Sharma of GS Mortgage & Protection Solutions in Coventry/Rugby area.
Celebrating our third anniversary during which we’ve arranged almost a quarter £billion in mortgage loans!
Working with some amazing charities and local community sports groups.
We look forward to continuing to provide our personalised service in 2023 and helping more and more homeowners, first-time buyers, property investors and protection clients. Wishing you a happy and healthy festive period to you and your loved ones.
If you are an existing Stratton Thorpe client and not yet given us a review or your feedback, we would absolutely love to hear from you. It will only take a couple of minutes and will mean the world to us! Thank you.
win a £200 shopping voucher in our CHRISTMAS COMPETITION
Enter our 2022 Christmas Competition with a chance to win a fabulous £200 VOUCHER from a supermarket of your choice. Yes, that's right, £200 to spend on festive treats for you and your loved ones this Christmas. Competition opens on Friday 9th December and closes on Friday 16th December 2022 with entry through our Facebook and Instragam pages. See below for links. Good luck! 🎅🎄
Our growing Network!
Our network of extended brokers has continued to grow throughout 2022. We now have mortgage and protection experts covering Oxfordshire, Cambridgeshire, Northamptonshire and Bedford, Coventry and Rugby, Midlands and Surrey.
DOUBLE BONUS REFERRAL SCHEME - ENDS 31st december 2022
Earn £100 for every person you refer to Stratton Thorpe
To celebrate our recent 3rd Anniversary and thank our loyal clients, we have DOUBLED our referral bonus to £100! That’s right, receive a £100 Amazon voucher every time you recommend our mortgage broker service to your family, friends and colleagues.
if you are reading this, chances are you have already experienced our award-winning tailored mortgage and protection advice service. We most likely saved you time, money and stress to smooth the process of securing your mortgage. If so, receive a double bonus reward from us when you recommend and refer Stratton Thorpe Mortgage Solutions.
Terms & Conditions
Double Bonus £100 Voucher Scheme available until 31st December 2022
Available on our mortgage broker service only
To qualify, simply pass on our details and ask them to mention your name and Ref:ST2022 when they contact us
If the person you have referred successfully takes out a mortgage through us, you will receive a £100 Amazon voucher as a thank you
Voucher to be sent to you via email within 30 days of the mortgage completion
You may refer as many people as you wish. However, a maximum of three vouchers can be claimed in any 12 months
MORTGAGE NEWS & UPDATES
Nationwide latest lender to make fixed rate cuts
Nationwide has made cuts of up to 70 basis points across its two-, three-, five- and ten-year fixes and its two-year trackers.
For first-time buyers this includes the 60% LTV two-year fix with £999 being cut by 35 basis points to 5.54% and the 95% LTV ten-year fix with £999 having 20 basis points removed, taking its rate to 5.89%.
The headline cut – 70 basis points – occurs on the 95% LTV three-year fix with zero fee, which is now priced at 5.99%.
In its remortgage range, Nationwide has made cuts of up to 40 basis points. Standout changes comprise the 90% LTV three-year fix with zero fee being cut by 40 basis points, to 5.99%, and the 80% LTV five-year fix with £999 fee being reduced by 10 basis points to 5.29%.
The new customers moving home range, meanwhile, has seen, among other cuts, the 95% LTV three-year fix with zero fee received a 55 basis points cut, giving a rate of 5.99%, and the 60% LTV two-year fix with £999 fee having its price lowered by 35 basis points, to 5.54%.
Additionally, existing members moving home mortgages have had cuts of up to 55 basis points and shared equity rates are now cheaper b up to 35 basis points.
Nationwide director of mortgages Henry Jordan says: “Following recent uncertainty, markets have stabilised and swap rates have continued to fall. This allowed us to cut rates for existing mortgage members switching at deal maturity earlier this month and we are now reducing new lending.”
SOURCE - MORTGAGE STRATEGY
Remortgaging to grow nearly 30%: Revolution Brokers
The total value of remortgage lending in 2022 will hit £107bn, calculates Revolution Brokers.
This marks 29.5% growth on the previous year and is 6% higher than was lent out in 2019.
SOURCE - MORTGAGE STRATEGY
UK house prices increase by 8% in September: Zoopla
House prices in the UK increased by 8.1% in September, down from 8.2% last month, according to Zoopla’s latest house price index.
The data shows that the strength of demand and sales agreed over the last six months drove the annual increase. The ongoing supply shortage also played a part. The surging rise in mortgage rates to 6% has seen buyer demand fall by a third since the mini-budget, as Zoopla highlights that mortgage rates of 4% to 5% “are likely to become the new normal”.
The drop in new buyer interest over the last month has been spread across the UK, with the biggest drops in new buyer interest in the South East with a decrease of 40% and in the West Midlands where there has been a decline of 38%.
SOURCE - MORTGAGE STRATEGY
Record number of landlords lift rents in Q3: Paragon Bank
A record 65% of landlords raised rents over the last three months, according to a survey for Paragon Bank.
The lender says this beats the previous all-time high of 62% of landlords hiking rents in the first quarter of this year, “marking a consistent and significant rise in tenant demand since the low net increase of 14% was recorded in the second quarter of 2020”.
It adds that 39% of landlords reported that demand “increased significantly”, the highest mark for this metric since it was first tracked in 2011.
Only 1% of landlords felt that tenant demand had “decreased slightly”, while none said it had “decreased significantly”, a survey first.
SOURCE - MORTGAGE STRATEGY
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