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…
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,…
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…
With stamp duty measures encouraging people to buy property, it is likely a lot of households will consider applying for a mortgage. When you consider the challenges many people, households and businesses have faced in 2020 because of the COVID-19 pandemic, it is positive to see so many people feeling optimistic as to what will…
As would be expected by many people, the number of new home loans approved in Great Britain has decreased by 90% since the outbreak of the COVID-19 pandemic. The Bank of England states this is the lowest level since the early 1990s. Even though estate agents have been operating in the property market since mid-May,…