Archive for the ‘mortgage’ Category

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Mortgage Approvals rises in March

March has seen an increase in the number of mortgages approved in the UK. The total number is 52,000 up from 48,000 in February. Indications are that First Time Buyers are looking to get onto the housing ladder but the tight restrictions imposed by lenders is still making life hard for them. There are more deals now available but lenders are still wanting large deposits to get the best deals and 10% minimum deposit for buyers. Someone therefore buying a home at £160,000 would need £16,000 deposit and would need to allow several thousands to cover costs and moving in expenses for a new home.

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