Mortgage approvals for house purchases rose to 74,000 in January, above the 12-month pre-pandemic average up to February 2020 of 66,700, new data from the Bank of England shows.
The average maximum loan available to buy-to-let (BTL) landlords in the UK increased to £421,053 in January, up from £401,053 in December, representing a year-on-year increase of 13%, according to the latest Mortgage Broker Tools (MBT) Affordability Index. BTL affordability has increased to its highest level since
Tightening mortgage affordability could put the brakes on a remortgage boom, according to the latest Mortgage Broker Tools (MBT) Affordability Index. Only 78% of the remortgage cases processed through the platform were considered to be affordable in January, the lowest level since July 2020, and a fall from 85% in
Mortgage Broker Tools has added Vida Homeloans to its MBT Affordability research platform. The platform will include details of Vida Homeloans’ 270 products, which include residential, buy-to-let, HMO and multi-unit block products, as well as those aimed at clients buying flats above commercial properties and expat