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.
Related articles:
Download our Free First Time Buyers Guide
Recent posts
On Wednesday, 13th May, King Charles delivered his speech at the House of Lords, outlining the government’s plans for the upcoming year.
Here is a summary of the housing and energy/environment points.
From 18th May 2026, Lloyds Banking Group is launching a ‘£5k Deposit mortgage’ to help first-time buyers get onto the property ladder sooner.
Homeowners could be faced with paying over £3,000 more per year on their mortgage if the conflict in the Middle East continues, following new analysis from INTEREST from Moneyfacts.
Best UK Mortgage Rates this Week
9 days ago
Here are the lowest fixed mortgage rates of the week, available to first-time buyers, home movers, buy-to-let, and those remortgaging.
Call us for more information: 01628 507477 or email: team@mortgagerequired.com.
Renters' Rights Act
17 days ago
The Renter’s Rights Bill became law at the end of October, which means it has been signed off by the King, and it is now the Renters’ Rights Act. Despite this becoming law, these changes are likely to start changing within the next six months, with the aim of being fully implemented throughout 2026 and into 2027.
Green Mortgages | Rewards and Benefits
17 days ago
Mortgage lenders are starting to recognise their “Green” responsibilities when it comes to the different products they offer.
Costliest Streets in Great Britain
21 days ago
Recent data from Rightmove shows the most expensive streets in Great Britain, with the majority being situated in the capital.
The Bank of England Governor, Andrew Bailey, has advised that, due to the “very big energy shock” the economy is facing, they won’t be in a rush to increase UK interest rates.
More information
Trusted by
