Borrowers were stretching finances in October, with ‘income multiple used for affordability assessment’ being the second-most searched term.
Haysto said that it could no longer contribute to a problem that so many of its customers have been affected by.
The first purchases completed in November, include a property in North Tyneside which was introduced by Midlands-based advisers New Homes Mortgage Services in Cannock.
Four of the new products are available to international residents at 65% and 75% finance-to-value (FTV), fixed for 2- or 5-years for finance up to £500,000.
With the average UK house price standing at £246,244, prospective buyers need to save a 5% deposit of at least £12,312, on average.
The average UK house price was at a record high of £270,000 in September 2021, £28,000 higher than the same time last year.
Family Building Society has increased the maximum loan-to-value (LTV) and reduced rates on selected products.
57% of advisers said protection discussions with clients have increased in the past 12 months and 42% said their clients are now more open to discussing protection.
Aris Karidis will head the team responsible for maintaining and enhancing systems for Enra and its subsidiaries.
After a successful pilot with Legal & General Mortgage Club and Sesame Bankhall Group, MBS Lending has opened the platform to the whole of its intermediary panel.