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Mortgages Archive
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Early signs that first time buyer numbers are up
The Council of Mortgage Lenders has published figures indicating a significant rise in the number of first time buyers for January this year versus the same month last year. The number and value of first time buyer mortgages both grew by 23% compared with January last year. That very positive figure of course belies a [...] -
Interest only borrowers under siege
Only last month we talked about the continued tightening in interest only criteria and I’m afraid that the trend has continued this month. More and more lenders have begun to impose restrictions on interest only lending. The main approaches are either to reduce the maximum percentage of the property value (loan to value or LTV) [...] -
Demographics, house prices and mortgage design
I had planned to talk about the budget today but for one thing everyone’s at it and for another, aside from the 15% rate on those attempting to dodge stamp duty by buying through a company plus retrospective hits for anyone weaselling out of that (got my inner leftie popping the cork on a bottle [...]
