As we have discussed in several articles previously, the mortgage market is changing – not that it will have escaped anybody’s attention!

We have also predicted that several new players are likely to enter the market to offer mortgages, such as Virgin and Tesco are currently considering.

Councils are another area of possibility and Edinburgh Council is taking the bull by the horns and is saying it will offer mortgages.

The council has announced its intention to buy up any unsold new homes in the city and offer them for rent.  It will also be offering mortgages to first time buyers or key workers in the city.

We imagine we will see more of this sort of thing in the future, and the importance of using mortgage advisors will be highlighted as they will be know where to source local mortgages that might be more suited to customer’s individual requirements.

Leave a Reply

Your email address will not be published.