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
Reasons to get a Buy to Let Mortgage
Yesterday
Following recent changes in the Buy to Let market, some investors may find this product less appealing. However, if done correctly, building a buy to let portfolio can be very profitable.
Stamp duty: how is it changing in 2025?
14 days ago
Helping you understand the upcoming changes in stamp duty (SDLT) from April 2025.
UK homebuyers and homeowners are hoping for stability in 2025.
We are hoping that mortgage rates will ease this year, but how drastically depends on inflation trends, swap rates, and the Bank of England’s decisions in which way the base rate should go.
Budgeting over the Christmas Period
3 Dec 2024
The most wonderful time of the year can easily turn into the most expensive time of the year. Watching the pennies doesn’t mean that the Christmas festivities have to stop, following a few budgeting tips can mean you still have a special Christmas and don’t go into the new year in debt.
Preparing your home to sell in winter
29 Nov 2024
December is usually a less desirable time to buy as many people don’t want to move over the holidays. However, prospective buyers do start to look at this time. Selling your home in winter may require a bit of extra attention to showcase your property at its best.
We look at why mortgage rates increased following the Bank of England's choice to reduce the bank rate, and should you fix now?
UK 2024 Autumn Budget: Housing
30 Oct 2024
On 30th October 2024 the Chancellor, Rachel Reeves delivered the Autumn budget which we had previously been warned would be “difficult”. Below we have summarised the main housing points.
Talking about money with kids
23 Oct 2024
In an increasingly cashless society, money is an intangible concept for children to grasp. In the days of coins and notes, kids could see money as something physical you require to purchase goods and services.
In order to help teach your children about money, we have listed some tips below;
More information
Trusted by
