Halloween Break
Our office will be closing this afternoon for a few days. It’s not the usual Halloween break for the people of Derry this year but hopefully everyone can make the most of it. We’ll be back next Tuesday at 9am
Bank of Mum and Dad funds half of first-time buyer purchases amongst under-35s
Research commissioned by Legal & General discovered 56% of those making their first home purchase did so thanks to a financial gift from family or friends. It also found 71% of these new homeowners admitted they would not have been…
Potential help for First Time Buyers
The government is reportedly considering the introduction of a first-time buyer scheme that will see long-term fixed-rate mortgages made available at 95 per cent LTV. Prime minster Boris Johnson spoke to The Telegraph ahead of the conservative part’s virtual conference this weekend,…
Struggling to get a mortgage as a crunch hits first-time buyers and banks say...
It’s mayhem in the mortgage market at the moment due to a paperwork backlog at banks and pent-up demand from the lockdown. Lenders are making changes to their home loan deals with little or no notice to limit the amount…
Mortgage delays of up to a month as lenders blame working from home issues
Home working by bank staff has been blamed for causing a massive backlog of mortgage applications that is hammering first-time buyers and delaying house purchases by up to a month. Sources said banks are failing to cope with a sharp…
More buyers turn to shared ownership due to lack of low deposit mortgages
Aspiring homeowners are turning to shared ownership to get onto the housing ladder, according to the latest figures from Leeds Building Society. In July, the Society saw a record number of applications for this type of mortgage. Between June and…
Further bad news for First Time Buyers
HSBC is withdrawing mortgage products above 85 per cent LTV for new business from today, 2 September As one of just a few large lenders offering products at LTVs above 85 per cent, HSBC says that sustained levels of high…
1st time buyers pressing ahead with housing plans in 2020
Lockdown hasn’t reduced ambition of 1st time buyers but methods to get on the ladder have been changing 93% of first-time buyers are still considering buying in 2020, with the majority (51%) stating that they definitely intend to buy this…
Summer holidays
Office closure info Our office will be closed from 1pm on Friday 24th July until 9am on Monday 17th August for our summer holidays Hope everyone has a great break of their own, whether it’s far away or more…
Low Deposit Mortgage Update
Majority of lenders not yet ready to return to 90% or higher borrowing in N.Ireland Getting more and more enquiries in recent days from customers hoping to purchase with a 5% or 10% deposit. The problem is that very few…