BANK OF ENGLAND VOTES TO CUT THE BASE RATE TO 4.5 PER CENT IN FEBRUARY 2025

The Bank of England has today decided to cut the base rate to 4.5%. Commenting on the Bank’s decision, Mark Harris, chief executive of mortgage broker SPF Private Clients, says: “As widely expected, the Monetary Policy Committee voted to reduce interest rates by a quarter-point to 4.5% at today’s meeting. Members voted by a majority […]
SPF PRIVATE CLIENTS LAUNCHES BUSINESS FINANCE DIVISION

SPF Private Clients (SPF) is launching a Business Finance division to assist small and medium-sized enterprise (SME) owners access competitive funding solutions. Craig Ashton and Tom Naidu will draw upon their backgrounds in business finance and commercial lending to offer the full range of business finance solutions to existing clients of SPF and parent company […]
FALLING INFLATION ENHANCES CHANCE OF FEBRUARY RATE CUT

News that the rate of consumer prices index (CPI) inflation fell to 2.5 per cent in December, a surprise dip from November’s 2.6 per cent, bodes well for the future direction of interest rates. Although the Bank of England’s inflation target is 2 per cent, it is encouraging that it is moving in the right […]
SPF PRIVATE CLIENTS OPENS DUBAI OFFICE

SPF Private Clients (SPF) continues its expansion plans with the launch of an office in Dubai, moving a director from London to head up the team. The award-winning financial services intermediary intends for the Dubai office to serve as a hub for further expansion into the United Arab Emirates (UAE) and wider region. Marcus Hodges, […]
WHAT DOES THE MORTGAGE MARKET HOLD FOR EARLY 2025?

Borrowers looking for a bargain will be hoping for January sales from lenders with lower mortgage rates as we kick off the new year. The trend in new mortgage pricing was downwards in December, but mortgage rates are likely to continue to yo-yo over the first quarter of this year at least. It is only […]
BANK OF ENGLAND VOTES TO HOLD THE BASE RATE AT 4.75 PER CENT IN DECEMBER 2024

The Bank of England have today voted to hold interest rates at 4.75 per cent. While it is no surprise that the Bank of England has maintained interest rates at 4.75 per cent given the recent rise in inflation, borrowers will still be disappointed. The trend in new mortgage pricing is downwards but mortgage rates […]
Howden’s new headquarters for the North West officially open

This week saw the official opening of Howden House, Howden’s new headquarters for the North West, within which SPF has a long-established team of advisers. Our team was joined by Carl Shuker (CEO, Howden UK&I Retail) and other senior leaders and colleagues from across the business. Ayrton Fielding, director at SPF, says: “Moving into this […]
BANK OF ENGLAND VOTES TO CUT THE BASE RATE TO 4.75 PER CENT IN NOVEMBER 2024

The Bank of England has cut rates by 25 basis points to 4.75 per cent. As widely expected, the MPC voted to reduce interest rates by a quarter-point to 4.75 per cent at today’s meeting. This is hugely positive for borrowers, with the Bank of England doing the right thing given inflation is below the […]
REACTION TO THE AUTUMN BUDGET 2024

Chancellor of the Exchequer, Rachel Reeves, delivered the Labour government’s first Budget on 30 October with a promise to “restore economic stability” and “invest, invest, invest” to promote growth. In her statement, she outlined a number of new tax and spending measures that she said would create “an economy that is growing, creating wealth and […]
SPF APPEAR ON THE ‘FINDING PERFECT PROPERTY’ PODCAST

Our own Sarah Kelly and Rob May recently appeared on the ‘Finding Perfect Property‘ podcast, created by Black Brick. Finding Perfect Property takes a deep dive into buying property – the pitfalls, the challenges, and how to get it right. Each month Black Brick’s founder Camilla Dell interviews top professionals, from financial experts to leading […]