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MANSFIELD’S MORTGAGE BROKER IN THE PRESS
Shaw Financial Services is frequently approached by local and national press, mortgage trade press magazines, property, mortgage, economic podcasts, and occasional TV and radio interviews. Our extensive experience and in-depth knowledge of the mortgage and property markets are the primary reasons behind these requests.
Consequently, our insights and opinions are regularly featured in prominent publications such as The Daily Mail, Telegraph, The Times, Daily Mirror, Guardian, Evening Standard, FT Adviser, Metro, Financial Reporter, The Sun, and Daily Express. We have also recently provided interviews on various media platforms, including Sky News, ITV News, Channel 5 News, BBC Radio 4, LBC Radio, and many others. For your convenience, we have provided links below to some of our previous press contributions. Simply click on the link to access the corresponding story.
SKY NEWS
Mortgage expert Lewis Shaw has warned the high street banking giant “won’t be the last lender that is likely to increase their rates this week in response to volatile swap rates”.
He advised those buying or remortgaging to get their documents over to their broker as soon as they ask them.
THE TIMES
Lewis Shaw from the mortgage broker Shaw Financial Services said it was important to work out if the saving from remortgaging with a new lender at a lower rate outweighs the cost of a new deal. He said you could pay about £300 in legal and broker fees, and that is not including the mortgage fee.
THE INDEPENDENT
This sentiment was echoed by Lewis Shaw, of Shaw Financial Services, who said: “It’s positive that inflation has remained at 4 per cent when many were expecting a rise; however, with US inflation rising, it means the likelihood of any base rate cut will be pushed back further.
FINANCIAL TIMES
lewis Shaw, founder of mortgage broker Shaw Financial Services, said the speed at which mortgage arrears were increasing was “terrifying”. “This is dire data, and we know that it’s about to get an awful lot worse, with 1.6mn mortgage holders due to renew over the next 12 months at significantly higher rates than anyone has been used to for well over a decade,” he said.
THE GUARDIAN
Mortgage expert Lewis Shaw has warned the high street banking giant “won’t be the last lender that is likely to increase their rates this week in response to volatile swap rates”.
He advised those buying or remortgaging to get their documents over to their broker as soon as they ask them.
THE TIMES
Gazundering happens when someone reduces their offer, having previously agreed a higher price. Lewis Shaw, founder of Mansfield-based Shaw Financial Services told Newspage: “At the eleventh hour, buyers are trying to pull a fast one and that’s crippling chains.”
FT ADVISER
Similar concern was shared by Shaw Financial Services owner and mortgage expert, Lewis Shaw, who said: “There are very few genuine down valuations: it’s mainly overpriced properties.” Shaw added that: “The problem at the moment is many sellers are still failing to understand that houses are worth less as each month passes.”
THE GUARDIAN
Lewis Shaw, the owner of the broker Shaw Financial Services, said that with NatWest following hot on the heels of HSBC, “There’s every chance we could see the remaining big four [Lloyds Banking Group, Barclays, Nationwide and Santander] come to the party this week, too. “It would appear that lenders are struggling to get new business, and the rate tap is the only tool they can turn to.”
THIS IS MONEY
Lewis Shaw, mortgage broker at Mansfield-based Shaw Financial Services, believes that rising interest rates make it impossible to make a profit from buy-to-let in most areas unless you own your investment properties outright or have a lot of equity.
DAILY EXPRESS
Lewis Shaw, mortgage expert at Shaw Financial Services, said another hike would be “absolutely crazy”. He said: “After everything that households and businesses have been through the past few years, this is the icing on the cake. It’s tantamount to kicking the country when we’re on our knees.”
EVENING STANDARD
Lewis Shaw, Owner and Mortgage Expert at Shaw Financial Services, noted that HSBC was catching up with the market by offering longer deals.
DAILY EXPRESS
Lewis Shaw, founder of Mansfield-based Shaw Financial Services, saying: “2024 will be the year of the remortgage, and given current market predictions, it will be absolutely brutal.”
CITY AM
“It’s written in the stars that house prices are declining and will continue for some time yet. Don’t be misled by the data about price rises in certain areas,” Lewis Shaw, mortgage expert at Shaw Financial Services, said.
iNEWS
Lewis Shaw, Mortgage Expert at Shaw Financial Services, added: “The worry is that all recent rate reductions could be unwound if Wednesday’s inflation data disappoints. It’s now all eyes on Wednesday to see what’s in store for us.”
DAILY TELEGRAPH
Lewis Shaw of Shaw Financial Services said the flurry of negative data underlined that “you can’t jack up interest rates at the speed we’ve seen over the past 18 months and not cause households to sink below the waterline”.
EVENING STANDARD
Lewis Shaw, founder of Mansfield-based Shaw Financial Services, also hoped to see a ‘price war’: “After the rate reductions by HSBC and TSB, Halifax now wants in on the action, which can only be positive.
THE INDEPENDENT
Lewis Shaw, founder of Mansfield-based Shaw Financial Services, said: “June was a busier month than we anticipated. However, there was a noticeable switch from new purchases to clients wanting to remortgage and many looking to consolidate debts.”
THE TELEGRAPH
Lewis Shaw, founder of Mansfield-based Shaw Financial Services said: This is a disaster. With CPI having stayed the same and core CPI rising, we can expect to see gilt yields spike as investors look for higher returns from government debt.
THE SUN
But it’s not all doom and gloom, as Lewis Shaw, founder of Shaw Financial Services, said customers can still get a “large range of options” below 6% if they have a good deposit.
THE NEGOTIATOR
The knock-on effect is mortgage rates will continue to soar and the pain for Households will intensify. With mortgage rates already at the most painful level since the 90s, we can expect a slowdown in the property market and house prices are well and truly in the crosshairs.
THE INDEPENDENT
Lewis Shaw, founder of Mansfield-based Shaw Financial Services, said: “After Wednesday’s inflation data, the Bank of England will be under enormous pressure to hike rates tomorrow.”
THE TIMES
Lewis Shaw, owner of the broker Shaw Financial Services: The UK has one of the most geographically unequal wealth distributions in Europe. Much of that wealth is held in property, so we need a solution to lessen wealth inequality and address the ever-increasing house prices that prevent families getting onto the property ladder.
THE DAILY MAIL
It wouldn’t surprise me if rates go back up,’ says Lewis Shaw from mortgage brokers Shaw Financial Services. ‘The Federal Reserve [in the US] have near enough already said they’re going to raise rates which will mean the Bank of England will follow suit and then it’s like dominoes – up goes gilts, then swaps, then fixed rates. I’d expect to see the headline-grabbers disappear for a while.’
METRO
Lewis Shaw, mortgage adviser at Shaw Financial Services, urges borrowers to think carefully before locking into a five-year fix when it’s likely rates will fall further. Unless you have a small balance and a short term left, anyone jumping into a five-year fixed rate now will likely rue the day they listened to the hype,’ he warns.
iPAPER
Lewis Shaw, founder of Shaw Financial Services, says it’s important to think about why you want a lifetime mortgage and whether there might be less expensive alternatives. He says: “There’s been a move from lifestyle enquiries where people want to gift money to family or buy a motorhome towards needing the money to support pension income and keep heads above water.
FT ADVISER
Speaking to FTAdviser, Lewis Shaw of Shaw Financial Services, a fellow founder of the Broker Collective, said it is designed to address issues that matter to brokers, as opposed to issues that people think matter to brokers. Shaw said of the existing bodies: “It feels as if they are supposed to represent us, but they don’t”.
REUTERS
“This latest increase by the biggest mortgage lender in the UK will spook buyers and sellers alike not to mention those due to re-mortgage in the next few months,” Lewis Shaw from broker Shaw Financial Services said.
THE INTERMEDIARY
Lewis Shaw, founder & mortgage expert at Shaw Financial Services: “The past few months have been difficult, but we’ve hit top gear in the past week, culminating on Monday with swathes of deals pulled and mortgages repriced upwards. I spoke to one broker who said they’re getting anxious opening their email in the morning, and I understand what they meant.
