A mortgage product analysis has revealed that an increasing number of mortgage, first time mortgage and remortgage products have appeared on the market, with nearly 200 more products appearing in the last month.
A mortgage product analysis has revealed that an increasing number of mortgage, first time mortgage and remortgage products have appeared on the market, with nearly 200 more products appearing in the last month.
Analysts have warned that an interest rate increase could see potential new homeowners spending more than half of their take home pay on their mortgage repayments.
Halifax are urging first time buyers to believe that they can still get a mortgage, despite a general perception amongst non-homeowners that they will never get on the housing ladder.
New figures from the British Bankers’ Association (BBA) underlined the current stagnant position of the UK housing market as they revealed mortgage approvals were down by 6 per cent.
Ben Wilkie, the editor of What Mortgage? magazine has given advice to first time buyers struggling to find an affordable mortgage, and one that they can secure with their limited deposits.

To secure a first time buyer mortgage and move into your first home now requires £36,500. This includes deposit, fees and costs
The Land Registry Index has recorded the first drop in house prices since March 2009. First time buyers may take note of the figures, which are based, not on deals in progress, but on sales already completed

The stamp duty break for houses under £250,000 is now ‘under review’ by government, following the June 2010 budget report.

Did you know that independent mortgage advice saves you, on average, nearly £1,000 per year on your mortgage repayments? Read our top tips on first time buyer mortgages.

Mortgage lending in February was up a healthy 12%, following a bout of cold feet (and hands) that kept buyers at home during the January blizzards, the Council of Mortgage Lenders revealed today.
















