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
6 Garden Tips to Add Value to Your Property
30 Apr 2024
If you are looking at putting your house on the market, you may want to consider giving your garden some TLC. Small changes can make your outside space a lot more attractive to potential buyers resulting in a faster sale.
Averages for a first time buyer in the UK
2 days ago
Getting on the property ladder is a big milestone in life, and is not something to take lightly. There are several things to take into consideration such as saving up for a deposit, finding your dream home, and finding the best mortgage product to suit you. Here we look at UK first time buyer statistics.
Can I get a mortgage without a deposit?
14 days ago
If you are struggling to get over the hurdle of saving enough deposit due to being in a rental property, but wish to purchase your own home, you may be able to with a 100% mortgage. You will need to meet certain requirements and be financially stable.
Reasons to Remortgage your Home
19 Mar 2024
If you are looking at remortgaging your property but you are unsure whether it’s the right decision, we have listed five reasons why it might be for you.
Debt Awareness Week | Consolidating Debts
12 Mar 2024
As the cost-of-living crisis continues, many people across the UK are struggling financially, many of whom are finding it hard to get debt-free.
According to research by StepChange, there are five common reasons people don’t seek help and advice with debt concerns.
Friyay Rate Reviews
6 Feb 2024
Every Friday our experts search the market for the latest rates from every lender saving our clients some serious £'s!
Looking to Extend?
2 Feb 2024
Are you looking to extend your property? There are many benefits to adding an extension to your existing home, here are a few.
Why should you consider Equity Release?
30 Jan 2024
Put simply, Equity Release is where you can release equity (money) tied up in your home for any purpose you like. In this short article, we share some reasons why you may want to consider Equity Release.
More information
Trusted by
