Moneyfacts, the independent mortgage market monitor of all things ‘mortgage’ has reported that overall mortgage availability rose in January 2021, to 3,215 products! That’s the highest since the lockdown began and the 4th consecutive increase in availability in as many months.
Even better news, a mortgage product to have experienced really good growth has been the availability of mortgages where the Loan to value or LTV ratio is 90%, meaning that there are lots more mortgages available to homebuyers with just a 10% deposit. Add to this the fact that from April some lenders will be offering 95% mortgages (backed by the government), this can only be a good thing
This, compared with an apparent restoration of stability in the lending market marks some good news for homebuyers looking to move this year. This stability is being reflected in the lengthening of product ‘shelf life’ and availability of various mortgage products offered by lenders.
Recently, mortgage offers were available for as little as just 28 days. Now many are available for 40 days, making the choice to borrowers wider and more varied.
For more information contact us or book a free video or call appointment.
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
8 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
16 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
16 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
20 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
