Executive Mortgage Solutions

06/01/2024

6/1/2024: Well, some changes afoot! In August last year, I had EMS de-regulated and haven't really worked since. However, I have been made so welcome by Hannie Mason of Mortgages with Hannie in Silsden that I asked her if I could join her Practice. As from 2/1/2024, I am now fully re-authorised as Christopher Watson, Mortgage Consultant at Mortgages with Hannie, and am 'back in business' ready to receive existing and new customers alike. This sophisticated and progressive mortgage brokerage is able to offer me the ability to keep working for a few more years, even at my advanced age, by providing all the back office support I've been missing for a long time, and assisting with any or all of my customers in the event of my unavailability etc. Happy New Year 2024 to one & all!

03/03/2022

1/3/2022: Bank of England mulls affordability stress test rethink
Rules introduced in 2014 to restrict the amount mortgage applicants could borrow may be reversed following a review by the Bank of England (BoE). The Financial Conduct Authority introduced strict rules governing how lenders assessed mortgage applications in the wake of the credit crunch, saying lenders had to consider the applicant’s income and expenses instead of lending borrowers a multiple of their annual salary. On top of these affordability assessments, rules from the BoE force lenders to “stress” this affordability should their mortgage rate be 3% more than its standard variable rate for two-year fixed rates. The Bank now believes the affordability stress test could be removed completely without jeopardising the economy’s stability. Sarah Coles, senior personal finance analyst at Hargreaves Lansdown, said that while letting people borrow more money “looks like a risky move at a time when house prices are sky high and the outlook is uncertain,” the Bank is “convinced the extra test isn’t fair any more, and that without it, there are still enough protections in place.”

16/11/2021

I'm delighted to say that the EMS practice has now been joined, officially as of yesterday, Monday 15/11/2021, by my new Mortgage & Protection consultant, Cleo Howell. As many of you know, Cleo was formerly the FD at LCF Law with 20+ years service to them. Cleo is available for any new enquiries regarding mortgages &/or protection insurances via [email protected], the office landline on 01943 607652, or her mobile on 07803 125563
My existing Mortgage & Protection consultant, Andrew Lambert, continues to be available on the same basis via [email protected], or his mobile on 07990 533047. As he is home-based, the mobile number is primary
And, last but not least 😀, I continue to be available to all existing customers and their kind referrals, as I have been for the past 37 years!

17/08/2020

Sales climb to 10-year high
Figures from Rightmove show that the housing market has had its busiest month in more than 10 years in July. The property platform says the number of monthly sales agreed in Britain was up 38% on the same period last year and worth a total of more than £37bn, with more properties coming on to the market than in any month since 2008. Rightmove says the average asking price on a property in Britain is now £319,497. While asking prices have fallen by an average of 0.2%, this has been driven by a 2% drop in London.
The Times, Page: 35 The Guardian, Page: 26

Yorkshire leads on house price growth
Analysis from property website Home shows that amid the post-lockdown recovery in the property market, Yorkshire is leading the way with 8.1% year-on-year price growth. The North West of England is also performing well, with growth of 6.7%, while the Asking Price Index for August shows Scotland has seen growth of 6.6%. Asking prices in July were up for a third consecutive month in all English regions, Scotland and Wales. The lowest level of growth was seen in Greater London, where asking prices were up 0.5%, while the South East was just ahead at 0.6%.
Yorkshire Post

25/03/2020

Although face to face meetings are now a nono, Andrew Lambert and I are still happy taking online/telephone enquiries. Stay safe eveyone 😉

16/01/2020

Welcome to 2020 and, with the Election and Brexit woes behind us now, a hopefully prosperous few years ahead! On a sad note, my son, Tom decided over the Christmas & New Year break to leave EMS to return to the building trade. It's a great shame as he was doing really well but the 'office' environment and the inherent difficulties of financial services were a bridge too far for him. Anyway, I'm here to receive any enquiries moving forward and, having more or less wrapped-up his project management duties of the past 6 months, Andrew Lambert is also available

17/06/2019

I am very pleased to say EMS has now been re-joined by my son, Thomas Watson after an absence of just about 4 years! Tom is now fully re-licensed and, as from today, Monday 17 June 2019 is ready and available to receive any mortgage and protection enquiries. Tom's mobile number is 07968 349210 and his email is [email protected]. The office number is 01943 607652 😊

06/07/2017

I'm delighted to announce that Andrew Lambert has recently re-joined EMS after a 9 years absence, and having spent the past few years at Skipton Building Society HQ. Andrew is a highly qualified mortgage & protection practioner and will be pleased to receive any enquiries.

14/04/2017

Just when you thought mortgage rates couldn't drop any lower, challenger bank Atom has broken a new record with a five-year fixed rate starting at just 1.29 per cent.

The deal, which is available to borrowers with 40 per cent equity or deposit for a £900 fee, is the lowest five-year fix ever seen and blows the next cheapest rate, of 1.74 per cent from First Direct with a £1,658 fee, out of the water.

More rock bottom rates are also available to borrowers with small deposits. That includes a 90 per cent loan-to-value mortgage from Atom, fixed for five years, now available at a rate of just 1.99 per cent with a £900 fee.

Read more: http://www.thisismoney.co.uk/money/mortgageshome/article-4401008/Atom-slashes-5-year-fix-rate-mortgages-record-1-29-low.html
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Just when you thought mortgage rates couldn't drop any lower, challenger bank Atom has broken a new record with five-year fixed rates starting at just 1.29 per cent.

27/04/2016

Mortgage borrowing at eight-year high
Mortgage borrowing reached its highest level in eight years in March. A total of £17.1bn was borrowed for property purchases last month, a 64% increase on a year earlier and the highest figure since April 2008, according to figures from the British Bankers' Association. The average amount borrowed for a purchase was £184,200 last month, compared to £167,700 a year earlier. Last month's figure represented a £3,300 increase compared to February. The BBA figures also reveal the number of mortgage approvals in March to be 20% higher than a year ago.
The New Day, Page: 10-11 Financial Times Evening Standard, Page: 38