Exciting, exciting, exciting! And then: Scary, scary, scary. Possibly the initial thoughts of most first-time buyers.
The Financial Conduct Authority (FCA) has said there is no evidence that the misselling of interest-only mortgages was widespread.
Time to shop around! David Hollingworth advises consumers to look around for mortgage deals to make sure they aren’t missing out on better rates Hardly a day goes by without a mortgage lender announcing an improvement to its mortgage rates. This increased level of competition has on occasion seen some 2 year fixed deals drop
Any mortgage borrower in the UK is likely to be aware of the tough lending conditions that have dominated the market in the last few years. Lenders have tightened their criteria and getting a mortgage has become much harder than it was in the boom years. The goal posts continue to move even now, as lenders continue