Mortgages reach a 13-year high: More than 100,000 loans for house purchases approved in November

Mortgages reach a 13-year high: More than 100,000 loans for house purchases got the go-ahead in November, marking highest monthly figure for more than three years Some 105,000 loans for house purchases got the go ahead, the BoE said This was up from 98,300 in October and marked the highest monthly figure since August 2007 … Read more

Mortgages reach a 13-year high: More than 100,000 loans for house purchases approved in November

Mortgages reach a 13-year high: More than 100,000 loans for house purchases got the go-ahead in November, marking highest monthly figure for more than three years Some 105,000 loans for house purchases got the go ahead, the BoE said This was up from 98,300 in October and marked the highest monthly figure since August 2007 … Read more

Borrowers looking for furlough-friendly mortgages skyrocket in November

Can you get a mortgage on furlough? Lenders are tightening the screws but if you know where to look, it is possible Searches for furlough-friendly mortgages were up 230% in November  Many lenders shunning furloughed workers unless they have returned to work But there are still options available, say mortgage advisers  By Ed Magnus For … Read more

Best first-time buyer mortgages: NatWest relaunches a 90% LTV

First-time buyer boost: NatWest joins growing list of lenders relaunching mortgages needing 10% deposits that were pulled in the Covid-19 pandemic Four new products available at NatWest and Royal Bank of Scotland  The two and five-year fixed term deals will require a 10% deposit  They are open to both first-time buyers and home movers   Yorkshire … Read more

First-time buyer 90% mortgages are reserved for ‘gold-plated’ borrowers, warn mortgage brokers

Aspiring homeowners hoping to buy their first property with a 10 per cent deposit face limited choice and higher costs than they did a year ago. Of the 86 mortgages available to first-time buyers with a 10 per cent deposit, only 25 of these mortgages are available to all, according to analysis by Defaqto. It … Read more

First-time buyer mortgages are back: Banks launch a host of new deals

First-time buyer mortgages are back as banks launch a host of new deals and cash incentives By Money Mail Reporter For The Daily Mail Published: 22:02 GMT, 1 December 2020 | Updated: 22:02 GMT, 1 December 2020 First-time buyers have been offered a glimmer of hope as banks launch a host of new deals and … Read more

Hope for first-time buyers as YBS launches 90% mortgages

First-time buyers squeezed by the mortgage crunch have been given another ray of hope as Yorkshire Building Society launches home loans for borrowers with a 10 per cent deposit.  The move from one of Britain’s biggest building societies is better news for borrowers who have seen nine in ten of the mortgages for those with … Read more

Mortgage rates plummet for those with lots of equity while 90 per cent mortgages get more expensive

Cash-rich borrowers are being offered ever-cheaper mortgages while lenders have hiked prices for first-time buyers with small deposits for the fourth month in a row.   With 95 per cent deals having vanished from the market, 90 per cent deals have become a lifeline for would-be homeowners struggling to save a deposits worth tens of thousands … Read more

Home buyers to stump up 40 per cent deposits as TSB and Barclays stop handing out mortgages

Now home buyers need to stump up 40 per cent deposits to get a mortgage as economic devastation from coronavirus threatens a new credit crunch TSB has withdrawn two-year mortgage deals with less than 40 per cent deposits Barclays has ended mortgages for borrowers with less than a 25 per cent deposit A Bank of … Read more