First Mortgage News

June has witnessed a notable surge in mortgage advisor lending, the strongest recorded since the financial crisis of 2007. Recent analysis of the intermediary market undertaken by Equifax Touchstone revealed total lending rose 26.5% annually, reaching a staggering £16.4 billion. Buy-to-let lending led the charge, with an increase of 37.9% to £3.8 billion, with residential […]

There has been a significant surge in the number of mortgages available to first time buyers according to recent research undertaken by Moneyfacts. The number of home loans have increased to their highest point since the start of the financial crisis. The choice of 90 and 95% loan to value (LTV) products has risen sharply […]

With the average mortgage rates falling to all time lows, the focus has now moved towards long-term mortgage rates which are currently experiencing notable reductions as competition in this sector continues to intensify. Figures revealed by the research group Moneyfacts, show the average two year fixed rate has fallen by as much as 0.02%, reducing […]

The property market in Edinburgh is witnessing a return to pre-recession levels as properties in prime locations are going for well over home report valuations. In some cases, properties are selling for over 20% above their “offers over” price, while houses and flats in sought after areas such as Bruntsfield, Marchmont, Stockbridge and Comely Bank […]

Recent figures released by the HM Treasury show approximately 94,000 people have secured a new property with the aid of Help to Buy (HTB) since its launch in April 2013. It is understood that 80% of these completions were accounted for by first time buyers. These numbers include sales via the equity loan scheme as […]

Self-Employed Mortgages: A Wake up Call for the Industry? Recent figures reveal that 40% of the UK’s self-employed workforce believes their status has significantly reduced their chances of securing a homeloan. According to specialist lender Precise Mortgages, only 5% of self-employed individuals are confident that their chances of getting a mortgage have improved significantly. There […]