Use our mortgage loan tables to help work out your monthly payments for the amount you need.
Use our mortgage affordability calculators to work out how much you could borrow and what kind of deposit you need for a mortgage.
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The number of mortgages approved for house purchase in the United Kingdom fell to 63,793 in December 2018, the lowest number since April, following an upwardly revised 63,952 in November and with market expectations of 63,000. Additionally, approvals of loans secured on dwellings for remortgaging declined to 47,902 from a downwardly revised 48,558 in November while those for other purposes went down to 13,134 from a downwardly revised 14,284. Mortgage lending rose by GBP 4.11 billion in December, above market consensus of a GBP 3.45 billion gain. Mortgage Approvals in the United Kingdom averaged 84.59 Thousand from 1986 until 2018, reaching an all time high of 151.80 Thousand in May of 1988 and a record low of 26.30 Thousand in November of 2008.
US 30 Year Mortgage Rate is at 4.41%, compared to 4.46% last week and 4.22% last year. This is lower than the long term average of 8.07%.
Each European country, however, has its own dynamics on the mortgage market as there are many differences on taxation, rules on consumer protection and how mortgages are provided. The Netherlands, for example, has one of the highest mortgage debts in Europe whilst Spain tries to deregulate its outstanding mortgage lending. Additionally, 10-year deals require a large deposit and tend to be favorable for buyers who know they are going to stay in the same house for the next decade. For young people then, locking into these long-term deals may look like a risk.