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BBCNEWS BBC News July 7, 2024

are you a first time buyer, have recently taken on a mortgage or are looking to move how is this impacting you? do get in touch on twitter @annitabbc or use the hashtag #bbcyourquestions. cuba is completely without power after hurricane ian has struck the western end of the island. two people are reported dead. florida now braces itself for the category three hurricane with life threatening winds, floods and tidal surges. leaders of several european countries claim that rare gas leaks that have hit the nordstream pipelines were not accidents but deliberate acts . gas flows in the nordstream 1 pipeline were stopped in august. the president of ukraine has pledged to protect citizens in areas of his country which could be annexed by moscow after the kremlin held unofficial referendums. hello and welcome if you re watching in the uk or around the world. watching in the uk the international monetary fund which works to promote stability in the global economy has cri ....

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BBCNEWS BBC News June 4, 2024 09:28:00

Rate5 going to settle down? about a month ago it was around 4%, twice what it was at the beginning of the year and i5 what it was at the beginning of the year and is now looking like 5%. the big question is, could it be even higher than that? lender5 are just looking at getting some pricing they could offer into the market because buying a property, you might buy a property in a month or within six weeks, but then it takes another three months to complete. lender5 are looking for a bit more stability in the market before they come out with a whole new range of offers for borrowers. ., with a whole new range of offers for borrowers. . ., , ., , ., borrowers. and for people who already own borrowers. and for people who already own a borrowers. and for people who already own a property - borrowers. and for people who already own a property who - borrowers. and for people who | already own a property who are paying a mortgage on a property, do you think we are going to see significan ....

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BBCNEWS BBC News June 4, 2024 09:24:00

Thank you very much for your - to change tack. so ian blackford,| thank you very much for your time today, the snp 5 westminster leader, 5o today, the snp 5 westminster leader, so ian blackford. i5 today, the snp 5 westminster leader, so ian blackford. is so ian blackford. some breaking line5 blackford. some breaking lines to bring you, we re from south korea that north korea has fired a missile off the east coast. it could be a ballistic missile, says the japanese mi55ile, says the japanese coastguard. more details on that story at the moment, the5e coastguard. more details on that story at the moment, these lines coming via the reuters news agency, south korea saying north korea has fired a missile. the japanese coastguard also saying north korea has fired a missile, what could be a ballistic missile according to the japanese coastguard. any developments we will of course bring you right up to date with those. mortgage lender5 you right up to date with those. mortgage lenders h ....

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BBCNEWS BBC News June 4, 2024 09:45:00

Correct rate5 re optimise and understand what the correct rates to be offering would be. re trench and re optimise. new products should return to market. after this period. but what it means for borrowers i5 market. after this period. but what it means for borrowers is different. with it means for borrowers is different. with rates substantially higher, new house buyer5 with rates substantially higher, new house buyers are going to face higher monthly repayments. and with bank affordability criteria here meaning that they will look for a certain amount of coverage in people s monthly earning5 certain amount of coverage in people s monthly earnings to cover the repayments that they face, these higher rates mean that it is substantially less likely that first time buyers will have access to mortgage debt. first-time buyers will have access to mortgage debt. first-time buyers will have access to mortgage debt. yes, that decision to mortgage debt. yes, that decision to actually buy t ....

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BBCNEWS BBC News June 4, 2024 09:46:00

Support for lenders. .. for lenders, from lender5 support for lender5. for lenders, from lender5 for borrowers and more flexible term5 from lender5 for borrowers and more flexible terms as we go into a period of uncertainty?- flexible terms as we go into a period of uncertainty? yes, as you sa , the period of uncertainty? yes, as you say. they will period of uncertainty? yes, as you say. they will be period of uncertainty? yes, as you say, they will be some period of uncertainty? yes, as you say, they will be some substantialj say, they will be some substantial increa5e5 say, they will be some substantial increases in monthly repayments. about 1.8 million households are going to be coming off fixed term mortgages over the next year. this is the point at which rate5 mortgages over the next year. this is the point at which rates will be the highest. they will be refinancing into quite expensive deal5. what we saw during the covid cri5i5 deal5. what we saw during the covid crisis wa ....

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