View more on these topics

BBA Lending Figures

January has never been a particularly strong month for mortgage data and this year the drop has been exacerbated by the Stamp Duty holiday that ended in December and last month’s dire weather.

However, activity picked up towards the end of January and into February so we expect to see stronger figures from February on until they begin to tail off again in the second half of the year.

January’s figures shouldn’t dampen the spirits as the mortgage market has got off to a flyer compared to this time last year, with hundreds of new products hitting the market and enquiry levels rising dramatically.

Many people have put their lives on hold for two years and increasingly seem to have decided that now is the time to make that move, or hedge against future rate rises.

As competition has seeped slowly back into the market, lenders are being forced to look beyond the 60% Loan-To-Value and below market, which is now saturated.

They are starting to venture into higher LTVs and are even returning tentatively to the buy-to-let arena in search of higher margins.

But let’s not be under any illusions here, the mortgage market, like the economy, is still in the very early stages of recovery and could be set off course by any number of external factors.

But in the meantime, now is the best time in a long time to take advantage of some highly competitive products.


Banned firm should have protected itself against fraudsters

I was interested to read the story on Mortgage Strategy Online last week about the FSA banning Walthamstow mortgage broker Kevin Byrne for lacking the integrity and competence to prevent his business, Forest Financial, being targeted by mortgage fraudsters. I know the easy answer is to blame the FSA here and rant on about how […]

InFocus - thumbnail

In Focus — February 2015

Jelf Employee Benefits looks at the issue of paying anaesthetist fees when the patient had no chance to discuss or agree to them prior to care; and provides recommendations for avoiding this scenario.


News and expert analysis straight to your inbox

Sign up