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
UK Housing Market Round-Up: 2025
14 days ago
Property search site Zoopla has estimated that the UK housing market will end 2025 with approximately 1.15 million completed sales – 4.5% more than the previous year.
Take a look at the 2025 summary of the UK housing market.
Best UK Mortgage Rates this Week
14 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.
Buying in the New Year
15 days ago
If buying your first property, or moving home, is on your to-do list this year, the new year can be a great time to take this big step. In this short blog, we look at what you need to consider as you plan and prepare for your home-buying journey.
Just because the Bank of England decides to reduce the base rate, this doesn't automatically mean that your mortgage rate will go down.
Autumn Budget 2025: A Summary
26 Nov 2025
Chancellor, Rachel Reeves, has delivered the Autumn 2025 budget. We have summarised the government's plans for tax and spending.
Renters' Rights Act
14 Nov 2025
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.
A welcome change in school is coming as financial literacy is due to become compulsory in schools in England.
The Government has announced that as part of the new national curriculum, children in primary and secondary education will be required to learn about budgeting, compound interest, managing money, and mortgages.
The top 10 most beautiful villages in the world
24 Oct 2025
Forbes has published a global ranking of stunning locations and one popular picturesque corner of the UK has nabbed top spot.
More information
Trusted by
