Mortgages

Securing a new home is much more than a financial transaction, it’s a hugely emotional decision as well.
As experts in mortgages we can help guide you through the process, from securing the best deals in the market, submitting your application and seeing the offer through to completion.

Home Ownership & Renting Demographics

Data from the Labour Force Survey at the end of 2016 shows…

  • Around 65% of UK households were owner-occupiers
  • 17% were renting from a private landlord and 18% were renting from a social landlord
  • Social renting has declined since 1996, while private renting has increased
  • The rate of owner-occupation is also slightly lower than it was ten years ago
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100 50 25 75 0 1996 2006 2001 2011 2016 Home OwnershipRenting
100 50 25 75 0 1996 2006 2001 2011 2016 Home OwnershipRenting

Independent Mortgage Advice

It is vitally important that you seek independent financial advice in seeking a mortgage, to ensure you are receiving the best deal available in the market.

There have been 340 lenders registered with the FCA since 2007, meaning there are thousands of different deals on offer each week.

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The outstanding value of all residential mortgage loans was £1,451 billion in 2019 Q1, 3.4% higher than a year earlier. The value of gross mortgage advances was £63.3 billion in 2019 Q1, 1.4% higher than a year ago. The value of new mortgage commitments (lending agreed to be advanced in the coming months) was £63.8 billion, 4.5% higher than a year earlier. £1,451 £63.3 £63.8 Values in billions
£1,451 £63.3 £63.8 Values in billions The outstanding value of all residential mortgage loans was £1,451 billion in 2019 Q1, 3.4% higher than a year earlier. The value of gross mortgage advances was £63.3 billion in 2019 Q1, 1.4% higher than a year ago. The value of new mortgage commitments (lending agreed to be advanced in the coming months) was £63.8 billion, 4.5% higher than a year earlier.

Key Drivers in the Mortgage Market

The council of mortgage lenders research in August 2019 shows the key drivers of the mortgage market.

It is important you seek independent advice whether you are a first-time buyer, moving up the ladder or a professional property investor.

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First time buyers Loan size Loan to value Loan income multiple Repayments as % Income Homemovers Homeowner Remortgages £172,158 £225,756 £179,400 76.9% 67.7% 57.6% 3.51 3.28 2.74 16.9% 17.3% 16.3%
First time buyers Loan size Loan to value Loan income multiple Repayments as % Income Homemovers Homeowner Remortgages £172,158 £225,756 £179,400 76.9% 67.7% 57.6% 3.51 3.28 2.74 16.9% 17.3% 16.3%
Source: The Council of Mortgage Lenders

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