The UK mortgage market is in a much healthier place than it was at this time last year, but it`s still a long way off being as buoyant as it was before the financial crash.
Council of Mortgage Lenders figures show that gross lending for home loans stood at £17 billion in November 2013, down from £17.6 billion the month before, but 30 per cent higher than the same month in 2012.
CML chief economist Bob Pannell remarks that overall lending for 2013 is set to reach £170 billion, higher than the £156 billion estimated. However, it`s still less than half of the £363 billion lent at the height of the lending boom in 2007.
If you want to speak to an experienced mortgage broker about getting a free quotation and finding the right mortgage for your circumstances from their panel then please get in touch with First Choice Finance at firstchoicefinance.co.uk, or by calling either 0800 298 3000 or 0333 0031505 if on a mobile.
Homeowner Secured Loans
Rates From 7.1% APRC
Representative Example £30,000 over 72 months @ £679.90 repayments. Total payable of £49,949. 20.1% APRC including £2,975 intermediary fee and a £995 lender fee. Loans secured on property.
First Choice are tied to certain loan providers.
Mortgages & Remortgages
Borrow £80,000 over 25 years
At 4.6% Variable, £461.95 for
300 months. Total Payable
£138,585. Total Cost Of
Credit £58,585 (incl £1360 fee).
Unsecured Personal Loans REPRESENTATIVE 49.9% APR (VARIABLE)
First Choice are tied to certain unsecured lenders.
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT. Security is required on
Established In 1988. Company Registration Number 2316399. Authorised & Regulated By The Financial Conduct Authority (FCA). Firm Reference Number 302981. Mortgages & Homeowner Secured Loans Are Secured On Your Home
First Choice Finance is a trading style of First Choice Funding Limited of The Old Courtyard, 103 Buxton Road, High Lane, Stockport, Cheshire. SK6 8DX. Copyright protected 2014.