Green Mortgage Products Might Change Behaviour
The Mortgage Works, who are the buy-to-let section of Nationwide, is looking to connect with landlords who have energy-efficient rental properties. The Green Further Advance product can be used to carry out sustainable home improvements. Some of the most likely changes landlords can make include: Adding solar panels to the property Upgrading or replacing the…
More Mortgage Options For Buyers
The 95% LTV mortgage scheme, backed by the Government, is now in place. This means prospective homebuyers should find there is support in their attempts to buy a home. Some of the companies have released statements about the scheme A Santander spokeswoman said: “We’re pleased to be supporting the Government’s 95% mortgage guarantee scheme and…
Are 40 Year Mortgages A Good Idea?
There is no denying buyers need assistance when stepping onto the property ladder. There is a lot to be said for finding a mortgage that is affordable. For many people, the thought of extending their mortgage carries positive and negative elements. The positive side comes with spreading the cost of the mortgage out over more…
Mortgage Lending On The Rise
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…
Are Interest-Only Mortgages Coming Back?
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…
Greater Deposits Make Mortgages More Affordable
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,…
More Mortgage Options For Homebuyers
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…
Mortgage Approvals Reached A Record Level In 2020
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…
More Green Mortgage Products For UK Home Buyers
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…
Generation Home Offering Different Style of Mortgage
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…