View more on these topics

FTBS face limited range of direct mortgage deals

First-time buyers looking to borrow more than 90% LTV have only 36 direct mortgage deals to choose from, reveals research from

The online mortgage company has found that the number of first-time buyer mortgages available has fallen by 80% in the past year.

At the end of August it says there were 230 discounted and variable mortgage rates available direct to borrowers, compared to 583 first-time buyer mortgages being offered at the same time last year.

Lenders who remain in the 95% LTV market include Principality, Abbey and Halifax.

Francis Ghiloni, marketing and business development director at, says: “First-time buyers should be benefiting as house prices fall but unfortunately they are unlikely to be able to benefit as very few have around £15,000 for a deposit.

“It’s easy to see why so few have bought in the last six months. There’s little availability when it comes to generous LTV ratios, and the few lenders still offering above 90% tend to charge a little extra to cover the cost of the increased risk of loss in the event of a forced sale.”


Central banks pump £100bn into markets

Central banks pumped £100bn into world markets last week to ease the suffering of financial institutions in the UK and around the world.

Property investment – Do your homework

I managed to watch both Panorama and The Price of Property last night,
and I must say I am finding the latter interesting indeed, especially the historical context of the housing boom we have seen over the previous years in different areas.

Banks set up $70bn borrowing pool

A group of 10 international banks has established a $70bn (£39bn) borrowing facility to provide liquidity in the face of unprecedented volatility in the money markets.

The Perils of Passive Investing

The era of loose monetary policy created an environment that rewarded passive investors in the US. However, with the US raising interest rates for the first time since 2006, Felix Wintle explains why he believes active investing will be more important than ever. In the video Felix discusses: The rising cost of capital and its […]


News and expert analysis straight to your inbox

Sign up