Mortgage Market Weekly Update 30/06

Mortgage Market Update

The effect of last week’s Bank of England base rate rise has not been immediately evident. New enquiries are holding up, as are reservations in most regions adding weight to the recent view that those who have a compelling reason to move will continue to do so. As expected, many lenders had already factored the rise into their product offerings and as such we have seen very little movement on products other than smaller building societies re-pricing their whole range.

MORTGAGE WEEKLY UPDATE – 30th June 2023

Spotlight On: Mortgage Affordability

When referring to ‘mortgage affordability’, many people immediately think of monthly mortgage payments. However, in the mortgage world, this term can also refer to the

Spotlight On: Let to Buy

Let to Buy is simply the process of letting out your existing property to enable you to move forward with a new residential purchase.

Spotlight On: Perenna Bank

A relatively new lender, but one that you may start to hear more and more about, is Perenna Bank. Providing lending of up to 6x

Spotlight On: Foreign Nationals

As Part Exchange enquiries increase and Home Movers continue to lead the way in terms of reservation numbers, many purchasers will already have a mortgage

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MORTGAGES ARE SUBJECT TO STATUS, VALUATION AND LENDER CRITERIA AND ARE NOT AVAILABLE TO PERSONS UNDER THE AGE OF 18.

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YOUR HOME OR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
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