• Dedicated advisory and support team
  • Award winning financial planners
  • Individual, Tailored Relationships
  • Established 2007
  • Dedicated advisory and support team
  • Award winning financial planners
  • Individual, Tailored Relationships
  • Established 2007

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
Click to enlarge
100 50 25 75 0 1996 2006 2001 2011 2016 Home OwnershipRenting
100 50 25 75 0 1996 2006 2001 2011 2016 Home OwnershipRenting
Source: Labour Force Survey

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.

Click to enlarge
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.
Source: FCA

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.

Click to enlarge
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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The value of investments can fall as well as rise. The guidance and/or advice contained within this website is subject to the UK regulatory regime, and is therefore targeted at consumers based in the UK. Redbourne Wealth Management Limited is an appointed representative of Best Practice IFA Group Limited, which is authorised and regulated by the Financial Conduct Authority. Redbourne Wealth Management Ltd is entered on the FCA register under reference 564064. Redbourne Wealth Management Ltd is registered in England, no. 06430777.

The Financial Ombudsman service is available to sort out individual complaints that clients and financial services businesses aren’t able to resolve themselves. Contact details are on the Financial Ombudsman website.

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