We reported at the beginning of March that mortgages would likely become a lot harder to be granted because of new lending guidelines that are to crack down on irresponsible lending by banks and other lenders. These measures are now Read more…

The Council of Mortgage Lenders have released new figures indicating how hard it is for first time buyers to get on the property ladder, judging by the typical mortgage size of February. With the average salary coming in at £26,500, Read more…

Experts believe that the April budget announcement will boost mortgage payments as people can now access their pension pots all in one go. Interest-only borrowers in particular may be able to use this new freedom to their advantage and pay Read more…

Fixed rate mortgages are on the rise as an unprecedented number of house buyers opt for fixed rates over variable rates. 19 out of 20 borrowers chose a fixed mortgage rate in February, according to the Mortgage Advice Bureau, a Read more…

The mortgage lending market has hit its highest point since 2008, having lent a reported £15.2bn in February, which was an increase of 43% from February 2013, so say the Council of Mortgage Lenders (CML). This is a strong figure Read more…

The number of first-time buyers is on the rise, with a 38% rise in the amount of first-time buyers over the last 12 months. However, this may lead to a housing bubble, experts fear. The increasing amount of mortgages acquired Read more…

From April, new “affordability rules” are coming into play which could majorly boost the amount of mortgage rejections. New guidelines by the City regulator as a consequence of the Mortgage Market Review will see lenders looking into the incomings and Read more…

British banks approved more mortgages in January than any other month since September 2007. New data from the British Bankers’ Association (BBA) said mortgages for home purchases reached 49,972 in January, nearly 3,000 more than December’s total of 47,086, according Read more…

While many households have saved a fortune on their mortgage due to low interest rates in the last few years, things may be about to change. David Miles, a member of the central bank’s Monetary Policy Committee (MPC), warned borrowers Read more…

The number of first-time buyers taking out loans continued to grow in December 2013, rising by 37 per cent compared with the same period of the previous year. According to new data from the Council of Mortgage Lenders (CML), the Read more…