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”

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”