Is it getting easier to obtain mortgage funding?

[realdeals]

Over the last few months I have seen various articles suggesting that mortgage regulations in the UK are being slackened while others suggest it is still difficult. What has been your recent experience?

 

[Wesley Davidson]

As a broker i can confirm property finnace is easy to come by with lenders only requiring a 5% deposit. Adverse credit is not an issue and short period of self employment are not issue (above 1 year).

Lenders are falling over themselves to lend with free valuations and cash back to entice you to them.

Asides from self-cert (which I don't endorse) and 100% mortgages (the latter is being discussed) the market is as good as it has ever been right now.

 

[diyhelp]

What does this indicate - a move towards business at any cost? Or a bouyant market? I would be interested to hear your views.

 

[Longterminvestor]

What happened to the 20% deposits introduced after the financial crash? Whatever happened to the need for due dilligence?

 

[Ben Gerritsen]

Yes, It is easy to get mortgage funding.

 

[diyhelp]

Maybe concerns over Brexit will dampen "over exuberance" in the mortgage market? Surely the market wont find itself in gthe same mess as just prior to the last financial crash?