Mortgage approvals: On the up!

The British Bankers’ Association recently reported that December 2015 saw gross mortgage borrowing reach ￡12.4 billion, a figure 24% higher than in December 2014. In comparison to the year before, mortgage approvals were also up by 24%.

These figures go to show that despite increasing house prices, various other factors make it a great time to get a new mortgage, whatever type of buyer you are.

For first time buyers, the combination of low interest rates and the availability of Government Help to Buy schemes continue to help those with lower income and small deposits into their own homes. If you’re unsure whether you can afford to buy a property and need advice about how to get your first mortgage, come and give our friendly team a visit.

Thinking of moving home this year? Whether you’re looking for a property suitable for your expanding family, downsizing to something a little more manageable or relocating to another area of the country, The Mortgage Hut can help find the perfect mortgage for you.

With house prices increasing but the interest rate staying low, it’s the perfect time for homeowners to consider remortgaging to get a better deal. The Mortgage Hut could help you save money on your monthly payments by finding you a better deal or even help you to release equity from your home.