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A quarter of UK adults admit they have no idea when they would be ready to apply for a mortgage, according to new research from The Mortgage Lender (TML). Looking at what consumers think makes them ready to apply for a mortgage, having a steady and secure income came top (27%). This was closely followed by being in
Ready or not? An important question when it comes to mortgage lending, as a successful loan agreement means both the lender and the homebuyer are confident the buyer is ready for the financial responsibilities of homeownership. This article sheds light on what it means to be mortgage ready – and provides a look at strategies that can help lenders find more qualified buyers. Read More.