Compared to the end of the financial crisis in 2012, the number of mortgage deals in the UK surged by over 20%, according to the Bank of England.
The government backed Help-to-Buy scheme was mostly responsible for these increases, although it has been warned by Mark Harris, chief executive of mortgage broker SPF Private Clients, that mortgages would not get any cheaper.
With the surge in house prices, averaging an impressive 11% rise in London last year, investors and first time buyers are competing for property purchases in London and the UK.
Businesses too have also seen the surge in property prices in the UK and dependent on their turnover and assets, can obtain commercial mortgages to buy commercial property or businesses in their entirety.
At business funding, our expert mortgage brokers can help source competitive mortgages with up to 80% Loan to Value (20% initial deposit required). Find out more here and speak to one of our advisers now.