UK Mortgage Market Insights - week ending 15th December 2023

In this episode, we analyse the UK's mortgage market for the week ending on the 15th December 2023. We examine lenders that have changed their interest rates and lending criteria, key economic data such as the Bank of England base rate and GDP, and an updated swap rate chart, making predictions for future mortgage rates. We also delve into specific changes made by Skipton, Nationwide, Santander, Virgin, and Metro Bank, and explore the implications of these changes for potential borrowers. Lastly, we discuss the latest wage growth data, the Bank of England's mortgage lending data, and the latest GDP data, before concluding with thoughts on the recent Bank of England meeting and a look at the lenders that have reduced their mortgage rates this week.   00:00 Introduction and Overview 00:35 Lender Criteria Changes 01:56 Latest Wage Growth Data 03:13 Bank of England's Mortgage Lending Data 04:40 Latest GDP Data 05:33 Bank of England Interest Rate Decision 06:33 Critique of the Monetary Policy Committee 07:31 Latest Swap Rate Chart 08:50 Lender Rate Reductions 09:37 Closing Remarks and Future Engagements