A survey commissioned by Habito, digital mortgage broker, revealed that 65% of people buying their first home in London, were terrified by the mortgage process. The YouGov survey also (more…)
Millions of borrowers would benefit from BoE base rate cut
According to experts, the monthly mortgage payments of around five million borrowers would be reduced by a cut in Bank of England base rate. A reduction (more…)
Mortgage broker warns of true cost of longer term mortgages
Recent research indicates that more first time buyers are taking on mortgages over longer terms, for 35 or even 40 years. A leading mortgage broker has warned (more…)
Car park space on market for double the average UK property price
A car park space has been put on the market for £350,000, almost double the average price of a UK property. The space is located (more…)
Number of mortgage products reaches new high
According to a recently published report, the number of mortgage products available to borrowers has reached the highest level for seven years. The National Mortgage Index, released by the Mortgage Advice Bureau, states that 15,838 products were (more…)
Approvals for re-mortgages hit four-year peak
Re-mortgages have reached a four-year high, according to data released by the British Bankers' Association. Banks reported a 29 per cent increase in the number of re-mortgage approvals, the highest during (more…)
Number of UK mortgage approvals rises in 2015
According to figures released by the Bank of England, the number of mortgage granted has shot up in 2015. The number of approvals hit its highest level in July 2015 since (more…)
Pension funds could be used to pay off mortgages
More than 500,000 people are planning to repay outstanding mortgage balances with the money from their pension pot, according to research by (more…)
Mortgage lending at Lloyds drops for 2015
According to the six month report produced by the Lloyds Banking Group, the percentage of mortgage lending fell by 19.1 per cent in comparison to (more…)
