The Bank of England has released data that indicates mortgage approvals reached a four-month high in January. This meant approvals rose for the second month in a row, moving up from the 60,349 in December to achieve a level of 60,786 in January. While this only amounted to a difference of 437 month-on-month, many have … Continue reading “4-Month Rise Seen for Mortgage Approvals | The Mortgage Broker”

A new survey has discovered 40% of would-be homeowners admit to suffering from stress when applying for a mortgage. Trussle asked 2,000 mortgage borrowers in the UK about the different elements involved in purchasing a property, and the results were very revealing. The survey was conducted to tie in with Stress Awareness Month, which takes … Continue reading “40% of People Suffer from Stress When Applying for a mortgage”

The Moneyfacts website reported this week that there has been a “strong resurgence” in low-deposit mortgages, with the number of such deals increasing from 2,527 to 3,180. Research published by the site found that there has even been a rise in the number of 90 per cent and 95 per cent loan-to-value (LTV) mortgages, especially … Continue reading “More 90-95% LTVC Mortgages to be Found in Jan… | The Mortgage Broker”

The Clydesdale and Yorkshire Banks said that they are committed to helping younger people get a foot on the property ladder and followed in the footsteps last week of banking giant HSBC, by offering first-time buyers a 95 per cent loan-to-value (LTV) mortgage. Interest rates for these new mortgages vary from 5.49 per cent to … Continue reading “More 95pc LTV Mortgages Appear on Market | The Mortgage Broker”

We are starting to see some innovation within the mortgage market and it is great to see Woolwich launch a new mortgage deal aimed at buyers with a restricted deposit. Their new mortgage deal is available at 95% and has been called the Family Springboard Mortgage How does the deal work? If you are looking … Continue reading “95% Mortgages at Competitive Interest Rates | The Mortgage Broker”

Nationwide said that it had managed to achieve growth across the board, with a 48 per cent increase in mortgage agreements, taking the total sum advanced to £8.9 billion and helping push its underlying profits to £172 million in the six months to the end of September. The news was not only positive for people … Continue reading “Nationwide Grows Mortgage Business in 2011”

Many people are finding it increasingly difficult to get their feet on the first rung of the property ladder. What with the combination of high property prices and mortgage lenders asking for the minimum of a ten percent deposit, many prospective home buyers may feel defeated before they have even found the home of their … Continue reading “A Guide to Shared Ownership | The Mortgage Broker”

The Nationwide building society launched a new two-year fixed rate mortgage deal this week, aimed at existing customers, people seeking to move home and first-time buyers alike. The 90 per cent loan-to-value (LTV) mortgage comes with an interest rate of 5.29 per cent with a £900 arrangement fee, or a rate of 5.69 with no … Continue reading “Nationwide Launches Cheap Mortgages for 2012”

Just as the number of mortgages applied for and agreed in the UK started to show overall and significant signs of improvement, air once again seems to have started to escape from the bubble. With many consumers and industry experts pointing a finger squarely at 11 Downing Street. Chancellor of the Exchequer, George Osbourne received … Continue reading “New Buy Scheme, Same Old Story?”

The Mortgage Broker now has access to a wide range of niche buy to let mortgage products to complement its existing comprehensive range of standard buy to let products. The new Niche products now include: HMO’s Multi Let Properties Ltd company lending Where the Ltd company is a standard trading company 100% exposure lending E.g. … Continue reading “New Buy To Let Products Launched!”