First Mortgage News

The Scottish Government is to invest a further £40 million in a scheme designed to help first time buyers and “second steppers” on low to moderate incomes get onto the property ladder. This takes the total available to £70 million for the financial year 2015/16. The Open Market Shared Equity Scheme (OMSE), offers eligible buyers […]

Ruth Alexander from BBC Radio4’s Money Box Live discussed the latest news from the mortgage market on Wednesday. Sharing their experiences alongside her were her guests including: Melanie Bien, Mortgage and Property Finance Expert, Ray Boulger, Senior Technical Manager, John Charcol and Kevin Gardiner, Sales Manager at First Mortgage. Whether you are a first time […]

With consumer confidence at an all time high, the buy-to-let market in the UK is looking exceptionally healthy. Around 17,700 buy-to-let loans were handed out in November 2014, totalling £2.4bn, according to figures released by the Council of Mortgage Lenders (CML). Recent surveys have also claimed nearly half of UK homeowners have their sights on […]

Since its launch, the Help to Buy initiative began much stronger than had been anticipated, with a total of 4,100 homes have been bought in the last 15 months. The scheme aims to rejuvenate the house-building industry, helping first time buyers and current owners purchase a new-build home through a shared equity agreement. With Help […]

The mortgage market over past months has been subject to competition on an unprecedented level, with many brokers predicting it will continue past the forthcoming general election. With lenders now extending their product ranges and giving greater choice to the consumer, it could not be a more exciting time to gain a foothold on the […]

Encouraging Signs for the Market in 2015 2014 was another year of growth in the Scottish property market. In the third quarter, there were 7,500 first time buyer loans, an increase of 15% on the same quarter in 2013. Figures from the Council of Mortgage Lenders (CML) also revealed that during this period, first time […]