@MoneyTembo

🏆 The UK's Best Mortgage Broker - British Banking Awards 2023 🏡 Making homeownership more accessible ☝️We help buyers boost their budget by an average of £82k

tembomoney.com
Joined February 2021
  • Tweets385
  • Following157
  • Followers151
96Media
🚨 HSBC Releases Sub 4% Mortgage Rate 🚨 Watch our CMO Polly on Sky News explaining what this could mean for the mortgage market 👉👉👉 youtube.com/watch?v=KvB0eTmh…
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(3/4) It's expected that mortgage rates should continue to go down, despite the recent rises. Unemployment remains low & house prices - an indicator of consumer confidence - are rising again. Although inflation has stayed stable at 4.0%, it’s anticipated that it will go down.
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(4/4) However, swap rates - an indicator of where the market thinks rates will go - have risen sharply over the past month. There's likely to be volatility in mortgage rates over the coming weeks - only time will tell.
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(1/4) Has the worst already past? Last week, worrying headlines emerged that the economy has dipped into a technical recession - defined by failing to grow two quarters in a row - but some think we might already be out of the woods. #inflation #recession #economy #realwages
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(2/4) Pay is rising faster than inflation, with some experts predicting real wages to rise by 2.6pc this year. This will aid spending and promote a return to economic growth - which should propel us out of a recession and might signal the end of cost of living crisis. #paygrowth
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Ouch. First-time buyers in London must save for 31 yrs for - twice as long as their parents. Homes in the capital cost 12x avg salary, while across Britain houses are 9x salaries - a ratio not seen for 150 years 🤯 Read the full article here 👉 👉 👉 telegraph.co.uk/money/proper…

First-time buyers in London must now save for 31 years for a deposit

Homes in the capital cost 12 times the average annual salary

telegraph.co.uk
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🔊 Biggest drop in average 2 year fixed rate mortgage since 2022. The drop was across all deposit sizes, falling from 5.93% at the start of Jan to 5.56% at the start of Feb. Read the full article here 👉 👉 👉 independent.co.uk/money/bigg…

Biggest drop in average two-year fixed mortgage rate on the market since 2022

Moneyfacts recorded a 0.37 percentage point fall in the average two-year mortgage rate on the market between the start of January and February.

independent.co.uk
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The Tembo Lifetime ISA has entered with a bang 💥 From today, we’re offering a 4.3% rate to all first-time buyers who open a Tembo Lifetime ISA with us - that’s the best LISA rate available on the market 🚀
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We’ve got big news! We can officially announce that we have acquired the award-winning Lifetime ISA provider Nude.
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Together, we can continue to make home happen for the next generation, supporting our customers from the moment they start saving, all the way until they buy their first home.
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Bank of England votes to hold base rate at 5.25% for 4th time - the highest level since 2008. Scroll through to get our key takeaways from today’s meeting. #baserate #bankofengland #mpc #baserateofinterest #mortgagerates #interestrates #mortgages
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This weekend, the Tembo team were on the ground at the London New Home Show for the third year in a row. We love these events because they let us speak to home buyers face-to-face. Plus, this year our superstar Liv spoke on the panel about how to finance a Shared Ownership home.
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Did you see us in the weekend papers? Our analysis was featured in the Sunday Express, Mail on Sunday AND the Sunday Mirror - not to mention trade press. It’s not hard to see why, the headline stat was quite eye-catching - a rise of nearly 30% in over 50s buying their first home
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(1) You might have seen us mention to the @FT earlier this month how we share customer reviews internally to keep everyone smiling during the cold winter days. Well, we wanted to spread the joy. Have a scroll through to see some of our favourites from the last few weeks 👉 👉 👉
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(2) “Their service is certainly a cut above the rest” we couldn’t agree more 🏆
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(1) 46% of mortgage holders could be on SVRs, costing them thousands. The average SVR is 8.18%, while the average 2 year fixed rate is 5.59%. For a £200,000 25 year mortgage, staying on the SVR could cost £329 more per month vs remortgaging to a 2 year fixed rate #remortgage
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more replies
(3) More than 1.5m homeowners will reach the end of their fixed-rate deals throughout 2024, with the average annual increase estimated to be £2,900. This means millions of households could end up paying through the nose if they avoid remortgaging and move onto their lender’s SVR.
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(4) That’s why at Tembo, we don’t just help first-time buyers. We also help homeowners looking to remortgage, or struggling to switch due to affordability. As well as searching across the market for the best deals, we can help buyers explore more niche options to help them switch
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(1)👂👂 Have you heard the rumours about 1% deposit mortgages? There’s speculation that the gov is considering a 99% LTV initiative to win favour from younger voters. But is it a good idea? Here’s our two penny’s worth: #1percentmortgage #1percentdeposit #mortgages
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(2) What could the implications of 1% deposit mortgages be?
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