News
Mortgage applicants in a market review muddle
SEVENTY-EIGHT-PER-CENT of those looking to buy a house in Wales in the year do not know what the Government’s Mortgage Market Review (MMR) is, or how it may affect them, according to a report commissioned by Experian, the global information services company.
The study also finds that nationally, of those that have heard of the MRR:
• 43% think the introduction of the MMR means they can apply with smaller deposits – when larger deposits to make mortgage repayments more manageable, are likely to be needed; and
• 19% believe lenders will have relaxed their lending criteria after April 26 2014 – when affordability checks will in fact become much more stringent
The MMR, which aims to make mortgage lending more responsible and stable was introduced on April 26. However, it does mean that those hoping to borrow to purchase a property will need to show they have considered how they will be able to manage their repayments now and into the future should interest rates rise.
With more than 10% of Britons surveyed saying that they plan to buy a property this year, Experian has launched a dedicated online resource Mortgage Matters, www.experian.co.uk/mortgages, which contains lots of guides, articles and videos to help people make their property dreams a reality. Experian and This Is Money are also giving people the chance to win a £20,000 deposit to help make these property dreams a reality!*
Peter Turner, Managing Director, Experian Consumer Services, UK & Ireland, said: “It is clear that many aspiring homeowners are in a great muddle about the MMR and many more are unaware of the amount of preparation that should be invested in getting your finances and credit history in order before you make any mortgage application. The Mortgage Matters website was designed to help people navigate the mortgage application journey and this amazing prize could really help make a dream come true for one first time buyer.”
For those who have dreams of owning a home, in order to stand the best chance of securing a mortgage – and to get one with the best interest rate – homebuyers need to get their finances in the best possible shape. However, it appears very few potential buyers are doing that.
A fifth (19%) don’t plan on preparing their finances before their mortgage application, while another fifth (18%) only plan on preparing a month prior to their application. Moreover, fewer than one in four (23%) have checked their credit score in the last six months, which would help provide a clear picture of their financial situation and how they are likely to be viewed by lenders.
Of those looking to buy a property:
• Only a fifth plan to make a clear six-month budget;
• A quarter (26%) plan to clear outstanding debt;
• A further 15% plan to pay down any outstanding credit;
• Only a third plan on cutting back on luxuries in the lead up to their application.
Peter Turner continued: “Time spent preparing your finances now will pay dividends in the future. We’d advise potential homebuyers to look at their financial situation as soon as they make the decision to look for a home, and not just before they apply for a mortgage. This will give you the chance to make any improvements necessary and get accepted – and at the best rates, too.
Here are some simple tips from Experian CreditExpert to help you prepare for a mortgage application after the Mortgage Market Review:
1. Know your budget. As soon as you decide to look for a property, scrutinise your last few months’ outgoings carefully to understand your spending habits. Are there things you could do without to finish each month with cash in the bank?
2. Know what you can really afford. Visit a broker or use an online mortgage calculator to work out your likely repayments. Importantly, play with the interest rate settings to see if you could afford repayments if rates rise by 1%, 2% or more.
3. Make sure your credit report is up to date. As well as checking your outgoings, you should also check your credit report, which includes a record of all your borrowing over the last six years. Ensure everything is accurate and up-to-date.
4. Does your Experian Credit Score need work? The Experian Credit Score is a guide to help you understand how a lender might score your credit worthiness. If it’s lower than you expected, ask the experts for help and ensure your credit report paints the best picture possible before you make your application.
5. Build good behaviours. Finally, from now until your application, try to appear like an ideal mortgage borrower. Show you can make it through several months with a slight surplus. Don’t take out additional borrowing and try to demonstrate you can comfortably manage any outstanding credit commitments you have.
Crime
Former Lostprophets singer’s killing ‘not justified’, jury told
JURORS in the trial of two prisoners accused of murdering former Lostprophets singer Ian Watkins have been told that his horrific crimes “did not justify his killing in any way”.
Watkins, who was serving a 29-year sentence for child sex offences, was attacked in his cell at high-security HMP Wakefield on October 11 last year.
Leeds Crown Court heard that Rico Gedel, 25, stabbed Watkins three times with a makeshift knife before allegedly passing the weapon to fellow prisoner Samuel Dodsworth, 44.
Both men deny murder and possessing a knife in prison.
‘Done nothing to provoke attack’
Prosecutor Tom Storey KC told the jury on Monday that Watkins had “done nothing whatsoever” to provoke the attack in the period leading up to it.
He said: “However heinous his crimes were, that did not justify his killing in any way.”
The court has heard that Gedel hated being housed with sex offenders and had threatened to hurt “any number of paedophiles” if he was not transferred.
Gedel told the trial he chose Watkins largely because he was nearby, having been placed in the next cell the night before.
Alleged motive
Mr Storey said Gedel’s alleged words before the attack — “This is what paedophiles deserve” — were a clear indication of motive.
The prosecutor said Watkins had no defensive injuries and there was no sign of a struggle, meaning he was likely taken by surprise.
He told jurors that the repeated use of a makeshift knife showed an intention to kill or cause really serious harm.
The court heard Gedel was laughing after the stabbing and allegedly asked prison officers to “let me know when he dies”.
Knife allegation
Dodsworth denies supplying the weapon or helping with the attack.
Gedel claimed Dodsworth gave him the knife and later disposed of it, but Mr Storey told the jury Gedel had “every reason” to lie about him.
The prosecutor said CCTV appeared to show Gedel handing the weapon to Dodsworth after the attack, and suggested Dodsworth acted as if he knew what was happening.
Judge’s warning
Mr Justice Hilliard told jurors that Watkins had committed very serious offences, but “clearly should not have lost his life in prison while serving his sentence”.
He said they must not decide the case on sympathy, anger or disapproval, but on a “cool, calm, careful and impartial” assessment of the evidence.
Watkins was jailed in December 2013 after admitting a string of child sex offences, including the attempted rape of a fan’s baby.
The trial continues.
Community
New parents urged to claim Child Benefit sooner
HMRC says thousands of families may be missing out by delaying claims
NEW parents across Wales are being urged to claim Child Benefit as soon as possible after new figures revealed that more than 30 per cent are missing out on payments during their baby’s first year.
HM Revenue & Customs (HMRC) says thousands of families are delaying claims and losing out on financial support which could amount to more than £1,400 a year for a first child.
The warning comes as more than 140,000 babies were born between April and June last year, with HMRC encouraging parents who welcomed a child this spring to make a claim using the HMRC app or online through GOV.UK.
While 6.8 million families claimed Child Benefit in the year to August 2025, only 68.8 per cent did so before their baby’s first birthday.
Child Benefit is worth £27.05 a week, or £1,406.60 a year, for an eldest or only child. Families can also receive £17.90 a week, or £930.80 a year, for each additional child, with no limit on the number of children they can claim for.
HMRC said Child Benefit can be claimed 48 hours after a baby’s birth has been registered, but payments can only be backdated for up to three months from the date the claim is received.
Myrtle Lloyd, HMRC’s Chief Customer Officer said: “Spring is a wonderful time to welcome a baby and claiming Child Benefit as soon as possible means your family can benefit from much-needed financial support.
“It is quick and easy to claim Child Benefit via the HMRC app at a time that suits you.”
Parents making a new claim will need their child’s birth or adoption certificate, bank details, their National Insurance number and, if they have one, their partner’s National Insurance number.
For children born outside the UK, parents may also need the child’s original birth or adoption certificate and passport or travel document.
HMRC says payments are usually made automatically into a bank account every four weeks.
Claiming Child Benefit can also help protect a parent’s future State Pension entitlement through National Insurance credits, particularly for those who are not in paid employment or receiving credits through another route.
It also means a child will automatically receive their National Insurance number when they turn 16.
Parents or partners earning more than £60,000 a year may have to pay the High-Income Child Benefit Charge. However, HMRC says families can still claim Child Benefit and choose not to receive the payments, while still receiving National Insurance credits.
Families who previously opted out of Child Benefit payments can restart them through the HMRC app or online.
Photo caption: Helping hand: HMRC is urging new parents to claim Child Benefit as soon as possible after welcoming a baby (Pic: HMRC).
Community
Views sought on new West Wales Learning Disability Strategy
A CONSULTATION has been launched on a new regional strategy aimed at improving support for people with learning disabilities and neurodivergent people across West Wales.
The proposed West Wales Learning Disability Strategy 2026-2031 covers Pembrokeshire, Carmarthenshire and Ceredigion, and has been developed following two years of engagement with people with learning disabilities, neurodivergent people, families, carers, councils, health services and support organisations.
It would replace three separate but similar local strategies with one regional plan, supported by local action plans for each county.
The strategy has been reviewed by the Regional Improving Lives Partnership, which includes Pembrokeshire County Council, Carmarthenshire County Council, Ceredigion County Council, Hywel Dda University Health Board, Dream Team, Carmarthenshire People First, Pembrokeshire People First, the West Wales Regional Partnership, and projects funded through the Regional Integration Fund.
The plan is informed by the West Wales Population Needs Assessment and focuses on ten priority areas identified during engagement.
These include information, advice and assistance, social services, health services, education, children and young people, socialising and friendships, day opportunities, volunteering and work, housing, transport, advocacy, and support for carers.
Pembrokeshire County Council is now asking residents, service users, families, carers and organisations to give their views on the recommendations.
The consultation is open until Sunday (Jul 5).
People can take part online through the West Wales Regional Partnership Board website, on the West Wales Learning Disability Partnership page.
Anyone who would like a paper copy can contact [email protected] or call 01437 764551.
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