MARKET COMMENTARY
THE INS AND OUTS OF MORTGAGE BROKERAGE. LEE LANGLEY Principal OnPoint Mortgages www.onpointmortgages.com
Lee Langley is the Principal of OnPoint Mortgages, and an
The low cost of mortgage funding and flexible affordability calculations mean this is a good time for first time buyers with sufficient deposit. Recently, we have noticed an increase in applicants looking to get on onto the property ladder due to a potential 014 – Qandor – Issue No. 6
reduction in house prices over the coming months. This especially appears to be true amongst those with the ability to work from home, who may now be in a position to expand the location of their search for a property outside of the more expensive areas within cities and towns. The prevalence towards working from home will certainly be something that developers will want to consider in future projects. Moving forward, the mortgage industry will need to ensure those reliant on higher LTV products, often those whose families are unable to contribute towards a deposit, are not locked out of buying and are still able to
