Mortgage Broker News

First-time buyers 'seeing attractive option of owning a home'

2011-05-13 11:07 - First-time buyers 'seeing attractive option of owning a home'Mortgage brokers have been told of the rise in the number of first-time buyers successfully finding their way onto the property ladder.

According to findings by e.surv, April saw houses with a value of under £125,000 accounting for 27 per cent of all mortgage approvals.

This...

Mortgage advice: 'Work out a budget when saving for deposit'

2011-05-12 10:11 - Mortgage advice: 'Work out a budget when saving for deposit'Brits who are seeking mortgage advice as they look to move into their first home have been given some tips into how to afford a deposit.

Justin Modray, from candidmoney.com, admitted that although the answer may seem "depressing", people should first work out hoe much cash they...

Rise in sellers 'having impact on house prices', mortgage brokers told

2011-05-11 11:26 - Rise in sellers 'having impact on house prices', mortgage brokers toldPeople seeking mortgage advice have been told of the pressure that is being put on the UK's housing market as a result of a growth in selling activity.

The Royal Institution of Chartered Surveyors (Rics) noted that there is a significant gap between the number of homes going up for...

Gap developing in north and south house prices

2011-05-10 11:25 - Gap developing in north and south house pricesBrits seeking mortgage advice have been told of a divide that is growing between northern and southern UK house prices.

Vernon Pethard, managing director at newhomesforsale.co.uk, believes that the movements of new home prices will "vary depending on region".

For...

More first-time buyers seeking mortgages?

2011-05-09 11:01 - More first-time buyers seeking mortgages?More first-time buyers could be seeking out mortgage advice, if new research is anything to go by.

A survey by Rightmove has found that more than 26 per cent of Brits hoping to buy property in April were those looking to get onto the housing ladder for the first time.

This is a...

Mortgage market 'still at low levels'

2011-05-06 11:09 - Mortgage market 'still at low levels'Some reaction has been given about the latest Bank of England mortgage statistics, which may interest those seeking home loans.

It was recently reported that the Bank had seen the number of mortgage approvals sit at 47,557 in March, a jump compared to the 46,708 in February and of the...

Reasons why increase in 90 to 95% LTV mortgages improbable

2011-05-05 11:06 - Reasons why increase in 90 to 95% LTV mortgages improbableThose seeking mortgage advice have been told that the chances of the number of 90 to 95 per cent loan-to-value (LTV) mortgages rising are unlikely.

Ben Wilkie, editor at What Mortgage, believes that there are two reasons that this will probably not be witnessed in the short...

Mortgage brokers told 'flourishing of top-end property not surprising'

2011-05-04 11:06 - Mortgage brokers told 'flourishing of top-end property not surprising'Those seeking mortgage advice have been told of the possible reasons why the UK has seen a rise in the number of £1 million property sales.

Lloyds TSB recently revealed that in 2010, the country there were 7,185 purchases of these types of homes, a rise of 54 per cent compared to the...

Mortgage advice: Surge in housing market activity 'unlikely'

2011-05-03 11:01 - Mortgage advice: Surge in housing market activity 'unlikely'Mortgage brokers have been told that while the spring months are usually a strong time for property demand, the market will not see a significant shift in activity.

This is the view of Liam Bailey, head of residential research at Knight Frank, who pointed out that March and April are...

Mortgage activity 'affected by uncertain economy'

2011-04-28 11:12 - Mortgage activity 'affected by uncertain economy'The banks' net mortgage lending growth figure is significantly ahead of the general mortgage market, according to new research.

According to the British Banker's Association (BBA), the annual growth in March for the former group was 2.3 per cent.

Such a figure means that...