First Mortgage News

On the 3rd of August, the Bank of England increased the interest base rate from 5% to 5.25%. However, there seems to be some positivity amidst this rate hike, thanks to the behaviour of mortgage lenders leading up to the announcement.     We witnessed major banks such as Santander, Barclays, and HSBC take steps to […]

Inflation has been a contentious hot topic throughout the past year, with a range of reactions. However, recent developments suggest a shift towards a more optimistic outlook. The Office for National Statistics has recently reported a significant drop in the UK’s inflation rate to 7.9% in the year to June 2023. This is the lowest […]

Home Buying Schemes for 2023   Saving for your home can be a challenging process, which is why the UK government has introduced several options to assist people, such as first-time buyer schemes, support for low income families, and those with disabilities, with their finances in regard to making a home purchase. These programmes assist […]

What Is Happening to the UK Property Market?  The ever-evolving housing market is a dynamic field that presents continuous changes. Although we can make informed estimations by analysing historical trends, the most effective approach to truly understanding the present scenario is by experiencing it first-hand.    What is Happening To House Prices? A recent article […]

Since 2007, approx. 340 regulated mortgage lenders and administrators have been required to submit a Mortgage Lending and Administration Return (MLAR) each quarter, supplying data on their activities to the FCA. Our team dove into the data and found some facts and trends that we predict to continue in 2023. UK Mortgage Facts & Predictions for […]

First Mortgage is delighted to be supporting Oor Wullie’s BIG Bucket Trail and Edinburgh Children’s Hospital Charity this summer! This is a once in a lifetime opportunity to participate in the world’s first nationwide public art trail to significantly boost Scotland’s provision for children and young people in hospital. We are proud to be playing […]