Apply first Time home LoanFirst-time application for a home loan
HSBC enables you to apply for a mortgage online, in a branch or by telephone and to obtain advice from our mortgage advisors. Submit your application now or track your application. Similar to a guarantee loan, if the borrower/tenant cannot pay on time, you are liable for the amount due.
Guarantee loan may impact mortgages requests, creditors advise against
Do I tend to get a professional mortgages? Prior to the credit crunch 10 years ago it was not hard to find a 95% or even 100% LTV and more than fivefold your pay grade mortgages - in fact it has since become clear that it was too simple and a monetary catastrophe just sitting there awaiting it.
According to a poll commissioned by the Local Government Association (LGA), the home ownership rate among 25 year old people has more than halved in the last 20 years. According to a report published by real property agent savings agent Savilles, only 20% of 25-year-olds still own their own home, down from 46% in 1996.
Whilst house values have risen steadily in recent years, a recent Halifax survey found that the overall value of private homes in the UK has for the first time surpassed £5.5 trillion. Over the last few years, the "Bank of Mothers and Fathers" has become an important asset for the descendants of the family and for first-time purchasers who set their feet on this important first step of real estate management.
Over the past few years, we have seen not only some historic low interest on mortgages, but also an onslaught on real estate investment. Now, the flood can at last turn, as creditors begin to raise their cheapest mortgages, and the buy-to-loan numbers fall in the course of the new rules. Housing prices rose in October and showed a 1.4% rise per month.
The Halifax Home Prices Index, which showed the biggest month-on-month increase since March, shows this. It was well above the 0.3% Halifax index in September and contrasts with the indications of a slowdown in the real estate index over the last 6 month.