Iress’ Q2 Sourcing Data Insights report shows signs of stabilisation for the mortgage market.
Iress’ Q2 Sourcing Data Insights report shows signs of stabilisation for the mortgage market.
The criteria search system will feature new HMO questions following broker feedback.
The overall fall in applications in Q2 was mainly driven by remortgage applications, which were down 38%.
The average interest rate on newly drawn mortgages increased to 4.35% in June, from 4.22% in May.
The lender has also launched new limited edition mortgage products.
Concerns about getting a mortgage fall as a barrier to buying a home.
During the first five years of the mortgage, a buyer using a no-deposit product would pay an estimated £158,104 in interest alone.
The limited edition range includes two and five-year fixed products, with rates from 3.59%.
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