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Financial Blog

Record 6 month high in mortgage approvals

During February a huge 61,760 mortgages were granted in England alone. This is the equivalent of the entire population of Shoreham-By-Sea! The Bank of England shows that February hit a 6 month high in mortgage approvals, the highest figure since August 2014.

Source: BBC

So what does this mean for the market? More buyers means more demand and more demand drives house price rises.

Mortgage Approval Brighton

Sadly, there are still thousands of people who struggle to obtain the right mortgage for them and even more who struggle to obtain a mortgage at all.

At Number One Mortgages we offer help to those who haven’t found it so easy to obtain the right mortgage. With so many products in the marketplace it’s hard to know what will suit your financial situation best and so many end up with a mortgage that becomes more of a hindrance than a help.

We work with our clients to develop an idea of what is important to them from a mortgage, we know the right questions to ask and this helps us search the entire marketplace to make a recommendation based on learnt facts about their individual situation.

We help complete all of the paperwork to a suitable standard giving them a greater chance of a quick acceptance and mortgage offer in principle. This free’s up their valuable time to join the thousands of other people searching the competitive property market to find their perfect home.

Want to discover how we’ve helped others just like you achieve their property ownership goals? Read these interesting case studies.

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