Mortgage Advice

First time buyer numbers continue to grow

According to the latest report from the Council of Mortgage Lenders (CML), homebuyer numbers saw a marked increase on February figures as 61,700 loans were taken out during the month - a rise of 27% against February but down 12% on March 2016. First...continue reading

Homeowners seek lower rates and longer deals

Re-mortgaging homeowners are seeking out lower interest rates and longer fixed deals, according to conveyancing service provider LMS. Some 32% of homeowners who re-mortgaged in March moved to a five-year fixed deal, despite just one in ten previousl...continue reading

Mortgage affordability shows “noticeable improvement”

New research from Halifax has found that, since the pre-crisis peak of 2007, there has been a noticeable improvement in mortgage affordability across the majority of all local authority districts. The data revealed that mortgage affodability has imp...continue reading

Over 20% of buyers have less than 15% deposits

Analysis from e.surv has found that over a fifth of mortgages in February were taken out by borrowers with small deposits - a substantially higher figure than both the previous month and the same point last year. According to the report, borrowers w...continue reading

CML: January gross lending highest since 2008

The Council of Mortgage Lenders says gross mortgage lending hit £18.9bn in January, up 6 per cent month on month and 2% year-on-year. The trade body says the January figure is the highest for any January since 2008, when the figure was &po...continue reading

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