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About the Author

Malcolm Davidson

Managing Director of UK Moneyman Ltd.

Malcolm Davidson

Malcolm is one of the UK’s most well-known and respected Mortgage Advisors. He is passionate about providing a 5* customer experience and he has also trained and mentored dozens of fellow Advisors in a career that is now in its third decade.

In addition to his day to day duties as Managing Director, Malcolm still gives out mortgage advice and feels lucky that his job is also very much his hobby.

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February 2023 Mortgage Market Update

Mortgage News

There are a record number of mortgage deals coming to an end this year and fixed rate mortgage rates have been coming down despite the base rate rising! 

The Bank of England have put the rate up yet again today so it now stands at 4% and they might not have finished yet! However, Lenders factor things like this in weeks in advance and that is why we are in this curious situation that fixed rates are not spiking like they did at the back end of last year.

A good time to start looking at your remortgage options is 6 months before your product expires. This will give us plenty of time to compare the deals offered by your existing lender to what is on offer in the market. We also have access to some exclusive deals.

If you are purchasing a new property, 2023 has started strong and lots of new listings are coming to the market daily. If priced right, these usually sell quickly. We are still seeing many people in competition with other buyers despite what the mainstream media would have you believe, so having an Agreement in Principle (AIP) in place prior to offering is essential. We can arrange an agreement in principle within 24 hours of your application, get in touch today.

Estate agents can be very persuasive in selling both their mortgage and conveyancing services. Approach with caution here, you don’t need to use them if you don’t want to or even go in and see them. Also, do you really want your estate agent knowing your maximum borrowing when you’re trying to negotiate the purchase price of a property?

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Insurance (Life, Critical Illness & Income Protection)

Do you know what you are paying for with your current insurance products?

You’d be surprised how many people don’t know or can’t quite remember. Maybe we can save you money or you can get better quality cover for what you are already paying

Also, any recent life events such as a new child, marriage, divorce, change of job, decreased or increased borrowing should be considered.

Some of the newer benefits available with our insurance policies are children’s critical illness cover, 24/7 access to a GP and get a second opinion for a medical condition

We’re available 7 days a week to answer all of your questions

Book your free mortgage appointment at a date and time that works for you. Alternatively, you can speak to our team by calling the number below. We can’t wait to hear from you!



About the Author

Malcolm Davidson

Managing Director of UK Moneyman LTD

Malcolm Davidson

Malcolm is one of the UK’s most well-known and respected Mortgage Advisors. He is passionate about providing a 5* customer experience and he has also trained and mentored dozens of fellow Advisors in a career that is now in its third decade.

In addition to his day to day duties as Managing Director, Malcolm still gives out mortgage advice and feels lucky that his job is also very much his hobby.

Learn More

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UK Moneyman Limited is Registered in England, No. 6789312
Registered Address: 10 Consort Court, Hull, HU9 1PU.

Authorised and Regulated by the Financial Conduct Authority.

We are entered on the Financial Services Register No. 627742 at www.register.fca.org.uk

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