Despite growing challenges, the overall credit quality of first-time buyers has improved and average monthly mortgage payments have decreased.
Despite growing challenges, the overall credit quality of first-time buyers has improved and average monthly mortgage payments have decreased.
Demand saw a temporary dip due to the May heatwave during the school holidays.
There are reduced options for both new and existing customers.
Towlson will help strengthen intermediary relationships and work with regional distribution teams to support advisers.
Millions of foreign nationals are ready to buy, but has the mortgage market caught up?
The lender's Credit Restore and Credit Revive ranges have both seen cuts, now starting at 6.29% and 5.89% respectively.
The lender's rates now start at 5.39% for near prime mortgages.
Chief operating officer Ian Robinson will assume the role of interim CEO.
The lender says the move to relaunch interest-only fixed rate mortgages will support homebuyers and homeowners facing rising living costs.
Grant Hendry, director of sales at Foundation, says understanding how income is earned, how long it has been sustained and which lenders are best placed to assess it properly has...
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