Look out for a rise in arrears – Pike
Lending and house sale volumes have benefited hugely through a mix of people’s desire to relocate, the stamp duty holiday and more relaxed lending policies. The post Look out for a rise in arrears –...
View ArticleBoE could hike bank rates three times in 12 months – O’Leary
The Bank of England may move on interest rates as soon as November or the month after as inflation is expected to rise, according to Goodbody’s chief economist Dermot O’Leary. The post BoE could hike...
View ArticleLenders are responding to increased demand for second charges – Simpson
Even while many lenders pulled back their appetite for second charge lending during the pandemic, client demand remained strong and there have been two areas in particular that have increased the most...
View ArticleEmployment changes shape mortgage criteria searches in October – Knowledge Bank
Mortgage criteria relating to time in employment and self-employed borrowers with one year of accounts were among most searched for criteria by brokers in October. The post Employment changes shape...
View ArticleAround third of first-time buyers accepted for mortgage on first try
Just over a third, 35 per cent, of first-time buyers are accepted for a mortgage on their first try, down from around half, 48 per cent, in March last year before the pandemic. The post Around third of...
View ArticleA year of significance for the mortgage industry – Pike
Following the five-day, three-household damp squib of a festive season at the end of 2020, it soon became apparent that the country would be in lockdown again well into the Spring of this year. The...
View ArticleFurlough, footprints and freelancers made up key criteria in 2021 – Firth
The more things change, the more they stay the same. While 2021 has had a seismic shift in criteria with over 46,000 changes, some common themes have emerged throughout the year. The post Furlough,...
View ArticleSantander amends self-employed mortgage income policy
Santander has updated its policy for self-employed mortgage borrowers when assessing income. The post Santander amends self-employed mortgage income policy appeared first on Mortgage Solutions.
View ArticleSpecialist lending market will fill gap for first-time buyers – Gee
Historically speaking there have always been a huge number of variables affecting the housing and mortgage market, but these appear to have amplified in recent years. The post Specialist lending market...
View ArticleLenders treating self-employed borrowers ‘like second-class citizens’– analysis
Mortgage brokers have accused lenders of treating self-employed applicants like “second class citizens”, with borrowers suffering because lenders do not take the time to understand their income. The...
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