Front page coverage for Bien Media client in The Times

  • by Melanie Bien
  • 27 Apr, 2017
Bien Media Client SPF Private Clients quoted on the front page of The Times on the cheapest ever mortgage rate
With interest rates at all-time lows, lenders continue to cut mortgage rates. But what caught the imagination of journalists was Yorkshire Building Society’s decision to launch the cheapest mortgage rate ever – a two-year discounted rate at just 0.89 per cent. While mortgage rates are cheap, a rate this low was unheard of and The Times reported it as the lead story or ‘splash’ on its front page.
Bien Media client Mark Harris, chief executive of mortgage broker SPF Private Clients, was subsequently quoted on the front page of The Times , providing insight as to why the lender was launching this rate at this particular time: ‘The debt market is oversupplied and when supply outstrips demand the simple economics is that mortgages become cheaper. If the [general] election means people put decisions to buy on hold then we could see even more competitive deals in an effort to attract borrowers,’ he said.
He added that this may not be the last we have seen of the cheapest rates: ‘The message is the same from all lenders – none of them are overly happy with the volume of business they are doing and want to do more. It’s great news for borrowers.’
To read the article in full, click on the link (subscription required): https://www.thetimes.co.uk/article/lenders-square-up-for-mortgage-price-war-as-rates-hit-record-low-l62vz8bk0

Articles by Melanie

by Melanie Bien 20 Sep, 2017
Property consultancy Tedworth Property Group has started working with PR firm Bien Media
by Melanie Bien 27 Apr, 2017
Bien Media Client SPF Private Clients quoted on the front page of The Times on the cheapest ever mortgage rate
by Melanie Bien 07 Feb, 2017
Bien Media client Jeremy Leaf, a former RICS residential chairman and north London estate agent, discusses the Government's housing White Paper
by Melanie Bien 03 Jan, 2017
Seven property experts give their views as to what will happen with the property market in 2017
Share by: