Earlier this year a report from the IMLA (The Intermediary Mortgage Lenders Association) found that over 3 in every 4 first-time buyer mortgage applications made via mortgage brokers completed in the first three months of 2018.
This tremendous success rate represents a huge increase on the 2016 figures when less than half of mortgages moved to completion. What’s more, the number of applications that actually secured a mortgage offer increased from 7 in 10 in 2016 to 9 out of 10 in the first quarter of 2018.
These figures should encourage first-time buyers looking to obtain a mortgage offer, although it is also worth noting that these figures refer to applications made through an independent intermediary, such as Mortgage Required.
We have written about the advantages associated with using a Mortgage Adviser to search for and secure a competitive mortgage offer that best suits your needs. For an initial chat feel free to contact us.
To speak to a mortgage adviser, contact us on 01628 507477 for a chat with no obligation.
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