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What is happening to the mortgage market?

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  • What is happening to the mortgage market?

    Has anyone got any ideas on the property market right now. i have been told that it is becoming increasingly difficult to get a mortgage because of what has happened in the US. Anyone know of any companies out there that are easy to get through?

  • #2
    The credit crunch means lenders are getting seriously picky - that means damn good credit ratings and avoidance of risk.

    Still available, but after being told they were selling mortgages too easily, lenders are finally tightening up.

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    • #3
      I don’t think that finding a company that it is easy to get a mortgage through is necessarily the best for anyone; we assist people and make them aware of the options available to them based on there lending ability.

      If you need any advice or help please free to email us!

      Regards
      Regards

      bonettipropertyconsultants.co.uk

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      • #4
        "i have been told that it is becoming increasingly difficult to get a mortgage because of what has happened in the US."

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        • #5
          yes that is in fact very true, but whatever goes up must go down..so lets wait for it to get better..there is a lot of people that have a lot of money on this....so..they will fix it hehe
          Countrylife - Houses and properties for sale

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          • #6
            Some lenders are starting to decrease the LTV (loan to value) they are willing to offer, meaning larger deposits will have to be found.
            Gift Wrapped Mortgages

            Independent Mortgage Broker

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            • #7
              What Credit Crunch?

              In my experience those investors who manage their finances properly have no problem with securing 90% BTL finance on a 'No Money Down' Deal. I have a great relationship with my commercial bank who are adapting to support me in the current marketplace with lending day one with option to refinance within 3 months. This is not bridging and is a lot cheaper. He would be happy for me to introduce more customers!
              PM me for more details.

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