First Mortgage News

What constitutes a self employed worker varies amongst lenders, with many categorising an individual who is self employed as owning at least 20 to 25% of a company. However self employed workers are diverse and sit in various “sub-categories”, and many providers have individual criterion for borrowers who are sole traders, limited company owners or […]

With mortgage rates at all time lows, now could not be a better time to think about your options whether you are looking to climb up the property ladder, remortgage or simply buy your first home. Securing a cheap mortgage deal will undoubtedly result in lesser mortgage payments, however it is not just the headline […]

Surge in Mortgage Product Volumes Latest figures released from Mortgage Advice Bureau, have revealed the total number of mortgage products is now at a post-recession high.Twelve months on from the Mortgage Market Review (MMR), the total number of products has soared by 19%, from 11,416 to 13,539. This is the greatest figure recorded on the […]

Moving home can be an exciting time, but it can also be extremely stressful and expensive. It is not just about the cost of the house and getting a mortgage arranged, there are also a number of associated costs which need to be taken into account and unfortunately, these have risen dramatically in recent years. […]

Mortgage rates are at all time lows, average fees have fallen and, coupled with more product choice for consumers, it is an exciting time to get a foothold onto the property ladder. Recent figures released by the Bank of England reveal lenders approved 61,760 mortgages in the month of February alone. This represents an increase […]

MMR Twelve Months On The Mortgage Market Review (MMR) was introduced in April last year as part of the new affordability rules brought in as a measure to ensure borrowers could afford their mortgage payments. Twelve months on, it’s impact has not had not been as dramatic as first anticipated.Gross mortgage lending reached £16.5 billion […]