Almost one in three households – around 30 per cent of customers – is paying too much for its mortgage, according to an interim market study report from the Financial Conduct Authority (FCA). The study, which examines first-charge, residential mortgages, also concluded that many applicants are failing to find the best deal to suit their circumstances.
More than half the population would like to build their own home however many people feel too many obstacles stand in their way. In our self-build buyer’s guide, we dispel some common myths about self-builds and show you how to finance your own dream home, for a fraction of the price of a resale property.
When director Max Mace came into the industry in 2008, just after the 2007 recession, lenders catering to clients with poor credit had almost completely disappeared. Some lenders moved to more mainstream lending only and many of the adverse lenders from the early 2000s were forced to exit the market completely.