Daily Archives: May 25, 2016

First Time Buyer Mortgages Fall In 1st Quarter of 2016

May 25, 2016 by in category Mortgage News

Council of Mortgage Lenders (CML) figures revealed that compared to the previous three months, lending to first-time buyers dropped in quarter one across the UK, with Scotland suffering the biggest decline as the value of fledgling loans fell 24%. Scottish first-time buyers borrowed £600m in Q1, around a quarter less than final quarter of 2015. […]

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Seven day mortgage switching proposed

May 25, 2016 by in category Mortgage News

Under new plans being consulted on by the Government, borrowers could be allowed to switch their mortgages in seven days, Including mortgages, it has called for evidence to find out how long it takes people to switch providers across a number of markets, Over the coming months,the Government will meet with industry bodies to discuss […]

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