Thinking of buying a new home in 2013? Your timing couldn’t be better, as recent reports suggest it will be easier to get a mortgage in 2013, partly due to a “Funding for Lending” scheme launched to banks and building societies in late 2012.
This is great news for first time buyers, meaning that mortgage funds and the range of available mortgage products looks set to increase, and potentially many more competitive deals such as 85% to 90% mortgages will be on offer. Home owners wishing to move will also benefit; even if your current property has reduced in equity, banks will be able to help you maximise your borrowing options. Another all-round plus is reduced mortgage interest rates which have been falling since late 2012 and are expected to drop further in 2013.
Click here to download our “Mortgage Hints & Tips” and read more about how Mactaggart & Mickel can help you to choose the right mortgage, plus find details of our range of Assistance Plans to help you secure your dream home.