Belmont Thornton Logo
PPI Claims - About PPI

PPI Claim News

Loan refunds: Mortgage activity 'will not pick up'

Those currently seeking out loan refunds may not be surprised to hear that an expert has said the mortgage market will not pick up anytime soon.

Paul Holmes, chief executive officer of Firstrung, a company specialising in delivering solutions to first-time buyers, revealed he does not believe that mortgage activity will pick up for the next few years.

He said: "Most lenders are looking for considerably larger deposits than they were this time last year which bears no comparison to the small deposits they were asking for perhaps five years ago.

"Those deposits and people being able to find deposits are becoming increasingly scarce."

Mr Holmes added that while many parents would have been able to help their child get onto the property ladder, they are now having to think about their own financial future.

He concluded that "mortgage rationing" is going on and that lenders are not going to give out 95 per cent loan-to-value mortgages when they are expecting property prices to fall.

John Fieldman

Having worked in the city for 19 years, John's main focus is interest rates and corporate finance.

Bookmark and Share
Tell a Friend
blog comments powered by Disqus

Enquiry Form

First Name 
Last Name 
Mobile Phone
Home Phone
Address Line 1 
Post Code 
Claim Back Mis-Sold PPI Button

Belmont Thornton Limited is regulated by the Claims Management Regulator in respect of regulated claims management activities; our registration is recorded on the website number 18273

Belmont Thornton Limited is incorporated in England and Wales, Company number 6621233, whose head office at Unit B11, Kestrel Court, Harbour Road, Portishead, Bristol, BS20 7AN and registered office at Harwood House, 43 Harwood Road, London, SW6 4QP.

Belmont Thornton Limited is registered with the Information Commissioners Office. Registration number Z1728023.

Please note that calls may be monitored for the purposes of staff training.

* Belmont Thornton operates on a "No Win No Fee" basis. This means that there are no upfront costs to pay. Our fee only becomes payable on a successful outcome of a claim. A cancellation fee is payable if you decide that having instructed Belmont Thornton to act on your behalf, and after 14 days of signing your Letter of Authority, you do not wish to continue pursuing your claim with us. The cancellation fee is the reasonable costs incurred for the work undertaken. Please see our terms of engagement.

By using our web-site, you agree that we can place the types of cookies described in our privacy policy on your device.Hide