The truth about mortgage affordability tests

The truth about mortgage affordability tests

You may have seen the recent media headlines about mortgage affordability tests being withdrawn from August. In reality, this isn’t as significant as it may seem. The Bank of England’s Financial Policy Committee (FPC) has announced it will withdraw its affordability...
House prices hit a new high

House prices hit a new high

Property prices peaked in August and saw the biggest monthly rise since 2004. So what does this mean for the property market for the remainder of 2020? UK house prices hit a new high in August according to Nationwide. The average home sold for £214,123, up two per...
Why is your mortgage application taking so long?

Why is your mortgage application taking so long?

Are you worried that your mortgage application is taking ages? Don’t read anything into it as it’s probably not you – it could well be your lender… If you have applied for a mortgage and your application seems to be taking forever, it may not be a bad sign and...