Why mortgages will remain hard to get

This isn’t the best of times for those looking for a mortgage. A mere 63,000 were approved in April, down from almost 76,000 in January. That might sound like a lot. But the long-term average from 1993 to 2007 was more like 99,000 a month, says David Smith in The Sunday Times.

Some of this is down to the change in focus of the Funding for Lending Scheme away from mortgages, and some will be a consequence of the April introduction of the Mortgage Market Review (MMR), which forces lenders to be sure that borrowers can afford [...]

MoneyWeek magazine

Latest issue:

Magazine cover
Paying by mobile

Why your phone will replace your wallet

The UK's best-selling financial magazine. Take a FREE trial today.
Claim 4 FREE Issues
Shale gas 'fracking' promises to transform Britain's energy market. Find out what it is, what it means, and how to invest.

Which investment platform?

When it comes to buying shares and funds, there are several investment platforms and brokers to choose from. They all offer various fee structures to suit individual investing habits.
Find out which one is best for you.