The current mortgage market
The mortgage market has contracted hugely over the last 18 months. Many lenders have found it difficult to raise funds to lend, and those that can borrow are paying more for their funds than they have been.
Lenders are far more discerning over who they lend to – they want plenty of equity, clean credit history, low income multiples and good quality property on which to secure their mortgages.
There are some encouraging signs that competition is returning to the market, with loan-to-values increasing and rates decreasing across the board. Now more than ever professional advice can be priceless in finding the best deals.
We are able to help by searching through the whole mortgage market for a deal that suits you. And we will give you expert advise as part of the process, all designed to minimise your mortgage costs over the long term.
Contact us for a discussion.