Historically, brokers would support halifax one minute for its ‘hot two- year fix’, then abbey the next. According to abbey, nearly half the 1, 000 buyers- in- waiting asked said they planned to save a deposit of more than £13, 000 before buying. Christopher may, director at the mortgage times group, discusses its proposition for mortgage advisers under statutory regulation.

Contact our advertising team for advertising and sponsorship in times online, the times and the sunday times. Property in nine out of ten british towns is now beyond the reach of first- time buyers, according to new halifax research. A first- time buyer couple now has to stump up an average of £29, 200, the equivalent to 74% of their joint take- home pay.

Lenders now give details of how much a mortgage will cost if rates move up, so make sure you read them closely. Mortgages plc has clarified its criteria on its ‘house to let’ product. I estimate that it will have around 6000 intermediaries whether they be directly authorised or appointed representatives. Many lenders force borrowers to buy these as a condition of the mortgage. As with all mortgages, these vary, but can be around 5% of the loan if you pull out early. You can choose from hundreds of mortgage products and once you have chosen a suitable mortgage, you can easily apply for it online.