Albion Financial Advice Services Ltd

🚨 Exciting News for Homebuyers! 🚨 HSBC is joining the rate-cut party! 🎉 Effective from tomorrow, Tuesday 23rd July, HSBC is reducing rates across a wide range of residential and buy-to-let (BTL) mortgage products. 🏠💰 ✅ Existing customers can benefit from lower rates on 2- and 5-year Fixed Fee Saver at LTV ratios of 60%-95%. ✅ First-time buyers and home movers, enjoy reductions on the 2-year Fixed Fee Saver and Standard at various LTVs. ✅ Energy-efficient homebuyers, you’re in luck! Rates are dropping for homes rated A or B. 🌱🏡 ✅ Remortgaging? Lower rates for 2- and 5-year Fixed Fee Saver and Standard at multiple LTVs. ✅ BTL customers, get ready for reduced rates on 2- and 5-year Fixed Fee Saver and Standard products. Major lenders are following suit, so now’s the perfect time to secure a great mortgage deal! 💼📉 #HSBC #MortgageRates #HomeBuying #RealEstate #FinancialNews #FirstTimeBuyers #Remortgage #BTL #EnergyEfficientHomes #HomeLoans #PropertyMarket 💪✨

Mortgage Market Update 22.07.2024 Mixed Economic Signals Last week presented mixed economic indicators that could affect the Bank of England's interest rate decision on August 1st. 📉📈 A significant IT failure on Friday, dubbed the 'Biggest IT fail ever' by Elon Musk, followed issues with the CHAPS payment system on Thursday, which disrupted many home moves. 🏠💻 Inflation and Wage Growth Headline inflation remained at 2% on Wednesday, which might suggest a rate cut is possible next month. However, services inflation stayed high at 5.7%, which is a concern for the Bank of England. 💸 Wage growth dropped to 5.7% for the three months ending in May. This decline wasn't enough to convince the Bank of England that a rate cut is necessary, despite the demand from businesses and households. 💼 Retail Sales and Financial Strain Retail sales fell by 1.2% in June, much worse than expected. This decline is due to prolonged financial strain on households, not the weather. Over the past four years, the economy has faced a global pandemic, high inflation, and rising interest rates. 📉🌧️ Rising Insolvencies Insolvency data revealed that 10,395 people in England and Wales entered insolvency in June 2024, an 11% increase from May and 33% higher than June 2023. Company insolvencies also rose by 16% from May and 17% from the previous year. 📊💔 Bank of England's Focus on Inflation Despite the economic struggles, the Bank of England remains focused on its 2% inflation target, although it has only achieved this target 30% of the time since 1997. 🎯 Positive News on Mortgage Rates Major lenders like Halifax, TSB, and NatWest continued to reduce mortgage rates last week, which is good news for borrowers and the property market. Property prices rose by 2.2% in the year to the end of May, according to the Land Registry. 🏡📉 Lenders seem to anticipate a rate cut, possibly following the lead of the US Federal Reserve, which markets expect to cut rates in September. If this happens, the Bank of England may follow, providing much-needed support to businesses and households. However, as the rising insolvency figures suggest, this support might come too late for many. 🚀 Conclusion As the economy faces multiple challenges, the Bank of England's actions will be closely watched in the coming weeks. 👀 --- #MortgageUpdate #Economy #BankofEngland #Inflation #MortgageRates #FinancialNews #PropertyMarket #Insolvencies

🎭✨ Historic Victorian Theatre Sold for £77k! ✨🎭 🏛️ The Grand Theatre in Doncaster, a Grade II-listed Victorian gem that opened in 1899, has been bought at auction for £77,500 after lying empty for nearly 30 years. Initially a theatre, later a bingo hall, and closed since 1995, this iconic building was sold by Mark Jenkinson auctioneers with hopes for a bright new chapter. 🔨 Auctioneer James Vandenbrook expressed optimism that this sale could spark a revival for this much-loved structure. Despite its current disrepair, the theatre has a rich history and significant potential, having been part of a campaign to restore it to its former glory. This campaign, which included a feasibility study, highlighted the need for urgent repairs and potential future use at a reduced capacity from its original 900 seats. 🏛️ Earlier this year, The Grand was listed on the Theatres at Risk Register by the Theatres Trust, emphasizing its cultural importance and the need for restoration. In April, the theatre celebrated its 125th anniversary, with campaigners calling for its return as a performance venue. 🎉 Anticipating the day when The Grand Theatre will see the curtains rise once more! 🌟🎭✨ #TheGrandTheatre #VictorianTheatre #HistoricBuildings #Doncaster #TheatreRestoration #AuctionWin #CulturalHeritage #TheatresAtRisk #newbeginnings

🚨 GLOBAL CHAOS ALERT 🚨 This morning, the world woke up to unprecedented disruption as a Microsoft crash sent shockwaves through health, travel, banking, and supermarket services globally. What's Happening? Major airports, airlines, railways, GP surgeries, and retail giants are in turmoil due to a CrowdStrike issue causing international havoc. CrowdStrike has isolated the issue and deployed a fix, assuring it's not a cyberattack. Health Services in Crisis: UK: NHS GP surgeries unable to access patient records or book appointments. Germany: Hospitals in Luebeck and Kiel cancel emergency operations. Community pharmacies: Disrupted by IT outages. Travel Disruption: Airports: UK, Australia, Spain, Amsterdam, Germany, India, and USA affected. Airlines: Ryanair, American Airlines, United, Delta, and more grounded. Railways: UK rail services experiencing cancellations and delays. Retail and Banking Mayhem: Supermarkets: Morrisons, Waitrose, Co-op (cash only), Woolworths, Coles. Banks: Issues reported in Australia, Japan, and New Zealand. Television Networks: Sky News: Morning show disrupted. Paramount Global: Channels offline. Affected Places: UK: Airports, GPs, supermarkets. USA: NYC MTA, Washington D.C. Metro, airports. Germany: Hamburg, BER Berlin airports, hospitals. India: Mumbai Airport. Australia: Qantas, Woolworths, Coles. Spain: Airports including Ibiza and Palma Mallorca. Japan: Airports. Thailand: Suvarnabhumi Airport in Bangkok. Hong Kong: International Airport. Stay Updated and follow official channels for the latest news. #GlobalOutage #MicrosoftCrash #TravelChaos #HealthCrisis #RetailDisruption #BankingIssues #StaySafe #CrowdStrike #TechFail #BreakingNews #Disruption 🆘 Please share to keep everyone informed and prepared! 🆘

🚨 Important Alert from the Bank of England 🚨 The Bank of England has announced a global payments issue affecting the CHAPS service, leading to delays in high-value and time-sensitive payments, including some house purchases. This is a significant concern as it could disrupt many transactions and put numerous deals and completions in a difficult situation. The Bank is working closely with a third-party supplier, industry, and other authorities to resolve the issue as promptly as possible. If you are concerned about a CHAPS payment you plan to make or receive today, please contact your bank or other payment service provider. Thankfully, retail payment systems remain unaffected, so cash points, card payments, and bank transfers can still be used as normal. Stay tuned for updates as this situation develops. #BankOfEngland #CHAPS #PaymentAlert #Mortgage #RealEstate #FinancialNews #UKFinance

🚨 Inflation Alert! 🚨 For the second month in a row, UK inflation has hit the Bank of England’s 2% target. 🎯🎉 However, the odds of an August rate cut are still up in the air due to mixed data. 📊🔮 Services inflation remains sticky at 5.7%, largely thanks to a Taylor Swift-packed June. Her Eras Tour brought nearly 700,000 fans to London, boosting spending and stoking the inflation fire. 🔥💃 #Inflation #Economy #TaylorSwiftEffect #RateCut #BankofEngland #UKFinance #StickyInflation #FinanceFunFacts Sources: ITV News, MSN, BBC

🎉 Exciting News! 🎉 We at Albion Financial Advice have been featured in FT Adviser! 📰📈 Did you know? 🤔 Since gaining independence in 1997, the Bank of England has only hit its inflation target 30% of the time. With inflation missing the mark 70% of the time, it's clear we need a more nuanced approach. 🌍📊 Our director, Dariusz Karpowicz CII MP shared his insights on the complexities of modern economies and the need for a balanced strategy. 💬⚖️ Check out the full article for more! 👉 [Link to article] https://lnkd.in/eSbjgQSs #Inflation #Economy #FinancialAdvice #AlbionFinancial #FTAdviser #EconomicGrowth #BankofEngland #InflationTargets

🏡🌟 Big Changes Ahead for UK Landlords! 🌟🏡 With Labour's landslide victory, the private rented sector is about to get a major makeover. From new housing initiatives to the Renters' Charter, here's what landlords need to know to stay ahead! 📈✨ 📢 Highlights: 1.5 million new homes 🏘️ Abolishing Section 21 🚫 Empowering tenants with more rights 🏠✊ Energy-efficient homes 🌿💡 Curious about how these changes will impact you? Dive into our detailed article now! 👇 #UKHousingReform #LabourVictory #RentersRights #LandlordUpdates #HousingInitiatives #WarmHomesPlan #RentalReform #TenantProtections #EPCStandards #HousingLegislation

📉🏡 Exciting News for Borrowers! TSB Joins the Rate Cut Party! 🏡📉 In a big week for borrowers, TSB Bank has announced another round of mortgage rate cuts, bringing smiles to many faces this Monday! 😊🏦 🔻 Effective immediately, TSB has reduced rates across residential, buy-to-let, product transfer, and additional borrowing products by up to 0.2%! 💼✨ Brokers are buzzing, suggesting these cuts could hint at a future Bank of England Base Rate decision, especially with important inflation data dropping this Wednesday. 📊👀 🤞 Could we see a base rate cut in August? Only time will tell! But for now, let's enjoy these positive changes! 🌟 #MortgageRates #TSB #HomeLoans #FinanceNews #PositiveVibes

🏡 Exciting News from Virgin Money: The Retrofit Boost Mortgage 🌟 Virgin Money has just launched the Retrofit Boost mortgage, offering up to £15,000 cashback to help you make your home more energy efficient. Here's what you need to know: 🔸 Cashback Perks: Use up to £15,000 to upgrade your home’s energy efficiency, from insulation to smart home systems. 🔹 Rates and Fees: Five-year fixed rates from 4.99% (75% LTV) and 5.04% (85% LTV), both with £3,000 cashback. Seven-year fixed rate at 5.74% (85% LTV) with £10,000 cashback. Ten-year fixed rate at 5.84% (85% LTV) with £15,000 cashback. 🏠 Why it Matters: With the average Energy Performance Certificate rating in the UK at band D, there’s a big opportunity to improve home energy efficiency and save on energy bills. 🔑 Eligibility: Minimum loan size: £150,000. Maximum loan size: £500,000. Available for residential and buy-to-let purchases and remortgages. Exclusively via intermediaries registered with Virgin Money. 💬 What energy-efficient improvements would you make to your home with this cashback? Let us know in the comments! #VirginMoney #RetrofitBoost #MortgageAdvice #UKProperty #EnergyEfficiency #AlbionFinancialAdvice #HomeImprovement #GreenHomes