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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.


    • #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!




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


        • #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


          • #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


            • #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.