Mortgage advice bureau (mab)
Rates for two-year trackers, two-year fixed and three-year fixed loans in November were the cheapest since 2007 but may be nearing the bottom, according to the Mortgage Advice Bureau.
The government's Help to Buy mortgage guarantee and equity loan schemes combined have helped more than 66,000 households across the country since inception in April last year.
Speaking at The Mortgage and Protection Event in Birmingham, Mortgage Advice Bureau's Gareth Herbert talked about how difficult advisers find picking up the phone to clients after a couple of years.
Other Mortgage advice bureau (mab) articles
Bank mortgage approvals for house purchases fell by 16% in October compared to the same month last year bringing the number of new homeloans agreed to 42,830.
At last week's Legal & General Mortgage Club conference Martin Noone, managing director of the network, told members they needed to look beyond the sole advice model.
In the final episode of our two-part video, our panel debates key strategies to make the most of your client bank and focus on he opportunities in the over 50s market.
Advisers need passion and motivation to increase the protection they sell using existing client banks, said Gareth Herbert, national sales director at the Mortgage Advice Bureau.
UK average house prices increased by 12.1% over the year to September 2014, the highest annual rise since July 2007.
The numbers of new homes in England has risen by 10% over the past year – the highest percentage increase in 12 years, according to new figures from the government.
Mortgage applications reached their highest point of 2014 during October, according to the National Mortgage Index from the Mortgage Advice Bureau (MAB).
The Mortgage and Protection Event, the premier mortgage advice and protection focused conference and exhibition arrives in Birmingham on Monday 17 November.
In Q3 the number of loans made to first-time buyers, home-movers, remortgagers and buy-to-let investors all increased on those made in Q2, according to the Council of Mortgage Lenders (CML).
Home buyers using the Help to Buy mortgage guarantee scheme were able to access the property ladder with average deposits of just £8,974 in September, according to data from Mortgage Advice Bureau (MAB).
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