Mortgage Brokers ‘Seeing Rise in Lending Agreed for Their Clients’
UNITED KINGDOM, JUL 22 – Nearly 80% of mortgage brokers report increased lending as lenders raise loan-to-income caps and ease affordability rules, boosting average mortgage sizes by £11,500, HSBC UK survey shows.
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I’m a mortgage broker - here's why I wouldn't advise borrowing 6 times your income
The past few years in the mortgage and property markets have been among the most tumultuous we’ve seen since 2008. The terms “interest rate shock,” “gilt yields,” and “cost of living crisis” have found their way into the lexicon. But what do these abstract terms look like in real life?Last month, I sat across from a young couple who’d stretched themselves to the maximum to buy their first home in 2020, before Covid-19, when mortgage rates were m…
Broker confidence rises on rule changes and less turbulent economy: HSBC – Mortgage Strategy
A vast majority of brokers have seen a rise in lending following recent regulatory conditions and more settled business conditions. Almost eight in ten intermediaries, or 78%, noted an increase in the amount of lending agreed for their clients, data from HSBC's latest quarterly Mortgage Broker Barometer shows.
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