The number of mortgages approved by high street banks jumped to the highest annual total in a decade last year amid signs the housing market is moving up a gear.
First-time buyers faced having to raise around £3,000 more for a deposit in 2019 than a year earlier, according to analysis.
Lenders tightened their credit scoring criteria and chopped zero-interest periods on new credit card lending towards the end of 2019, a Bank of England survey has found.
British mortgage customers borrowed less in November than during the same month in 2018 as the country prepared for the election, new data has shown.
The proportion of low-deposit mortgages being handed out is at its highest since 2008, Bank of England figures show.
Thousands of people have signed a petition to make reliable rent payments proof that an individual is able to afford a mortgage.
Credit rating agency Moody’s has published figures showing mortgage arrears in Aberdeen running at double the UK average rate following the oil price slump.
The “Bank of Mum and Dad” will help finance 25% of UK mortgage transactions this year, according to research.