Amid a worsening economic climate, the housing market is grinding to a halt – mortgage approvals for house purchases are down 64% on last year, with remortgages having fallen by 28% in the same period.
But there is light at the end of the tunnel, with lenders offering more deals to the right kind of borrower. There are also contractor-friendly products that recognise contractors are neither employees nor self employed.
Have you been experiencing problems getting a mortgage or remortgage?