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Blog – Lending at an ultimate high

By Jenna Mistry

Latest figures have shown Mortgage Lenders are financing the largest house spree in the last five years. The Council of Mortgage Lenders has suggested first time buyer mortgage lending has also increased by almost a third within the past 12 months. This increase has come about even before the second phase of the Help to Buy scheme commences.

Phase two of the Help to Buy scheme is designed to make 95% of mortgages available to first time buyers. Barclays Bank has now joined Santander, RBS, Halifax and HSBC as the latest lender to confirm it will take part in the second stage of the governmental scheme.

It is great to see more than half of the lenders within the mortgage market signing up to help promote the governmental Help to Buy scheme which lends a helping hand when purchasing homes.

 

 

EdwardHandsandLewis
www.ehlsolicitors.co.uk Edward Hands & Lewis is a firm that has evolved over time with a commitment to its core values. We have never forgotten that we are here because of our clients who have supported us over many years. We are proud to be at the heart of the communities in which we serve and we are equally proud of the team that we have to provide such service. We aim to provide value for money with a commitment to good, clear and concise advice. We take the time to ensure that our advice and assistance matches your goals. Unlike many professional services organisations, brevity and helpfulness are our watchwords. The agile and creative minds of the people we employ equip them to advise the same client on a diverse range of matters. This multi-specialism makes our lawyers and advisors expert on a range of the legal and other issues affecting their clients’ business. The strength and depth of our client relationships avoids wasted time and cost: it enables us to keep up to speed on business and sectoral developments and there is no need to field large teams of experts as a matter of course. While we have been established for many years, we pride ourselves on forward-thinking and believe we have achieved the right blend between traditional and modern. Whether you are an existing client of ours, are about to become a client or are looking to join us, we sincerely hope that your experience is a positive one.
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