First-time buyer mortgage rejections spike: Here’s how to boost your chances of being accepted

First-time buyers are more likely to be rejected for a mortgage than they were before the pandemic, a new study has found. Only one in five prospective first-time buyers were able to get a mortgage on their first attempt, according to Aldermore Bank’s annual survey of people who have got on the housing ladder. This … Read more

Mortgage borrowing reaches record £11.8billion high in a month

Mortgage borrowing reaches record £11.8billion high in a month as housing market is fuelled by stamp duty holiday and low mortgage rates Figures show net mortgage borrowing is at the highest since records began Housing experts say home owners are taking advantage of low mortgage rates  The break from stamp duty is also sending borrowing … Read more

Mortgage borrowing reaches record £11.8billion high in a month

Mortgage borrowing reaches record £11.8billion high in a month as housing market is fuelled by stamp duty holiday and low mortgage rates Figures show net mortgage borrowing is at the highest since records began Housing experts say home owners are taking advantage of low mortgage rates  The break from stamp duty is also sending borrowing … Read more

Home loan for LESS than 1%: Are we in for a mortgage price war?

Home loan for LESS than 1%: Lowest rate in a year, new 95% deals for first-time buyers… Are we in for a mortgage price war? Hinckley & Rugby BS has a two-year discount variable mortgage at 0.99% Meanwhile, a raft of state-backed 95% mortgages went live on Monday  Experts say the surge in offers is … Read more

Nationwide lets first-time buyers borrow 20% MORE – if they lock mortgage rate for five years 

Nationwide lets first-time buyers borrow 20% MORE as it raises mortgage limit to 5.5 times salary – but they must lock in for five years  UK’s second-largest mortgage lender changes loan-to-income calculation – but only for first-time buyers fixing their rate for between five and 10 years They will be able to borrow 5.5 times … Read more

The house I’m buying has been ‘down-valued’ by the mortgage lender. What do I do?

I am a first-time buyer, and have just made an offer on my dream property. The seller accepted, and I began my mortgage application. I had already passed the lender’s affordability checks for the size of loan I require. However, I have now hit a bump in the road. A surveyor visited the property to … Read more

Homeowners paying over the odds for home insurance from their mortgage lender

A significant number of homeowners could be overpaying for their home insurance because they bought a policy from their mortgage provider, instead of searching for the best deal. Almost a third of homeowners have taken out an insurance policy through their mortgage provider at the time of their house purchase, according to research by Compare … Read more

What should I do if I’m struggling with a monthly mortgage payment?

Missing a mortgage payment is something most homeowners would never dream of doing but often it can be taken out of their control.  Throw an illness, family emergency or global pandemic into the mix, and paying the monthly balance can quickly become a struggle. This is especially true for those without significant savings.  Currently, 43 per cent … Read more

Mortgage approvals up 40% on long-term average

Pandemic property boom drives mortgage approvals up 38% on long-term average, Bank of England data shows Mortgages for new home purchases 38% above 10-year average in February   Approvals dipped slightly compared with January but could surge again following the extension of the stamp duty tax holiday and first-time buyer boosts People borrowed £6.2bn against their … Read more

Fund star James Anderson to quit Scottish Mortgage

Fund star James Anderson to quit Scottish Mortgage: Industry poster boy stepping down after 22 years James Anderson said he will hand over the reins at Scottish Mortgage Investment Trust in April 2022 after 22 years at the helm  Anderson transformed the trust from a little known outfit into a FTSE 100 giant with assets … Read more