New research by Leeds Building Society shows £16 billion-worth of interest-only mortgages will mature this year. This sum is covered by almost 136,000 mortgages of this type. Meanwhile, more than £50 billion is due to be cleared by interest-only mortgage holders by 2020. According to the research, there are around 1.6 million mortgages of this … Continue reading “£16 Billion in Interest-Only Mortgages Set to Mature in 2017”

The Help to Buy scheme launched by the government has never been far from the news since its inception. Now official figures have revealed encouraging results over the first nine months the scheme has been in operation. More than 17,000 properties have been bought with the help of the scheme during this period. In addition … Continue reading “17,000 Property Purchases Completed Under Help to Buy Scheme”

There have been signs for a while indicating the housing market has been picking up. The final month of 2013 certainly bore this out as the latest figures reveal more people had their mortgage applications reviewed that month than they had since the recession began back in 2007. A total of 46,521 mortgage applications were … Continue reading “2013 Ends on a High Note for the Housing Market”

The 2014 Homeowner Survey has revealed some startling statistics with regard to the state of the property market and more importantly the people who currently have mortgages. The opinions and feelings of those in the age group 25-34 make stark and worrying reading. For example 70% of homeowners in this age group stated they had … Continue reading “2014 Homeowner Survey Reveals Worries of Younger Home Owners”

The buy-to-let market has been hit by many changes in the past few years. Changing taxes, regulations, and other alterations have all hit the BTL market, just as they were designed to do. It is perhaps not surprising then to learn that UK Finance’s original forecast for buy-to-let mortgage lending for the year looks set … Continue reading “2018 Buy to Let Lending Will Drop Far Short of Forecasts”

The challenge of saving up enough cash for a deposit on a mortgage is something many would-be homeowners will be familiar with. However, the outlook may be brightening in this area, with a significant number of mortgages available for those with just 5% of the property price available to put down as a deposit. Statistics … Continue reading “288 Deals Offered to Those Looking for 95% Mortgages”

The latest reports are revealing that 30-year mortgages are gradually becoming more common among all those who are buying property in the UK. The results are in for the second quarter in 2014 and they reveal that around 171,000 loans were granted during that period of time. Of these, approximately 20% of them were taken … Continue reading “30-Year Mortgages Becoming More Common | The Mortgage Broker”

The traditional length of a mortgage used to be 25 years. However, if new reports are taken into account, this may be changing even as you read this. According to new information released by Halifax, a significant proportion of first-time buyers are now opting for a 35-year mortgage term instead of the traditional 25-year term. … Continue reading “35-Year Mortgages Becoming More Commonplace”

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”