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Brokers in Sheffield searching for LTV Mortgages

Brokers in Sheffield searching for LTV Mortgages

6 months during Lockdown, Mortgage Brokers in Sheffield have overwhelmingly searched for ‘Temporary Maximum LTV mortgages’.

For 6 months during Lockdown, Mortgage Brokers in Sheffield have overwhelmingly searched for ‘Temporary Maximum LTV mortgages’, and highlighting how the lack of availability of high LTV mortgages has become such a challenge.

Consumers across the region, particularly those looking for higher LTV mortgages, and as the looming end to the furlough scheme gets closer continues to feature prominently as those on the scheme to get mortgages approved before they end.

The Maximum Age at End of Term was in the second top spot for residential. One reason for this could be recent news that 23% of homebuyers are reliant on the ‘bank of mum and dad’ post-pandemic. However, parents or guardians are helping to secure mortgages, their age may well be taken into account before approval is granted. Therefore, the mortgage could be limited by the age of the parents offering a helping hand, impacting mortgage terms.

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