Mortgages Break 2000 Barrier

The number of mortgage rates on the property market has officially broken through the 2,000 barrier for the first time in over a year according to financial group Moneyfacts.co.uk.

In their report they revealed that there are now 2,003 different mortgages to choose from – more than 400 new deals since the beginning of 2010.


However, the last time the property market witnessed such deals was back in December 2008 when 300 deals were literally taken off the market overnight – diving to as low as 1,783 deals - following the onset of the recession…

Either way, such increases in mortgage availability are a clear indicator that confidence is returning to the property market. Aside from loosening their lending criteria, property prices have also grown by a steady 9.3% in 12 months.

In addition it is also believed that there has been a:

• 38% increase on 90% LTV’s
• 58% increase on 80% LTV’s
• 28% increase on 85% LTV’s
• Similarly 95% LTV’s are making a comeback growing to a total of 11!

Admittedly, the number of mortgage deals available is still down by 1,079 but with mortgage loans falling on average by 0.2%, all signs indicate that the property market is improving.

Original Article

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Jatinder Singh, Property Mentor Delegate

After years of watching others earn large capital gains from property, I knew reading about this niche wasn't enough to satisfy my curiosity, I needed to get MY slice of this strong investment vehicle too. That was x years ago and since then I have managed to: invest in 2 properties (one with a £60,000 saving); earn consistent £1,000+ monthly cash flows, and have got a couple more properties waiting in the pipeline. Read more