There was an increase in mortgage lending of 4.2% on the year-on-year figures for the last quarter of 2020. This saw mortgage lending reach a level of £76.6 billion in this quarter, according to Bank of England fixtures. The share of mortgages which have a low loan-to-value fell by 4.5% on the previous year. This…
Diversity in mortgage products is a positive thing, but not every mortgage product is suitable for every person. There has been a rise in interest-only mortgages, but there are many thoughts as to whether this is good news for the industry, and for applicants. Andrew Montlake, managing director at mortgage broker, Coreco, said; “Many people…
It is perfectly understandable that many home buyers need assistance when buying their first house. There is a lot of money involved with buying a property, and the size of deposit needed to buy a home is huge. This places buyers under considerable pressure, and if people are in a position to assist loved ones,…
As we move into 2021, there should be greater options for mortgage seekers and home buyers. The stamp duty holiday has ignited demand for homes and mortgages, but as things stand, this holiday is set to end in March. This will likely see the market settle down, and this will coincide with mortgage lenders providing…
When you consider the ups and downs of the property and mortgage markets in 2020, the number of approvals for the mortgage sector are astounding. According to a study published by Trussle, it appears as though mortgage approvals were at a record high. In the second half of the year, there was an increase of…
Many prospective buyers will be keen to see a wider range of mortgage products on offer in 2021. A wider range providing greater financial support could be the difference between a household buying a home or not. There are also calls for major lenders to be more proactive when it comes to energy-efficient products that…
If you are looking to arrange a mortgage, but feel as though you need additional help, support might be on offer from a new mortgage lender. Generation Home aims to assist buyers in a fresh way, allowing friends or relatives to also “boost” their savings and invest in the property. Sophia Guy-White is one of…
We all know 2020 has been a challenging year, and many people’s hopes of entering the housing market have been hampered. However, this isn’t the case for every prospective buyer. There is good news for some first-time buyers with news that the Nationwide aims to make it easier for these buyers to arrange a mortgage.…
There has been a lot of talk about negative interest rates, and if you want to know what it means for mortgage holders, we are here to help. The Bank of England base rate of interest has been held at 0.1%, which is a historic low. However, many industry professionals are looking into the impact…
If you are looking to arrange a mortgage, you might think it is an impossible task. This is wrong. A huge number of people arrange a mortgage, even people who aren’t in great financial shape. You will also find many current homeowners have previously been denied a mortgage. A recent study by a financial services…