Mortgages Yorkshire

Times are changing

Over the past few years we have had an increase in the amount of people who are opting to rent as opposed to buying their homes. The question that needs to be asked is, is this out of choice or necessity?

Nation in financial difficulties

Being in the middle of a recession is a very difficult time not just for the county and government but for people individually. Inflation for this year seems to be higher than employee’s year on year pay increases and some have even had pay freezes. This causes a vicious circle where people are not buying as many consumables and therefore pushing up these consumables. This has also had an impact on mortgages especially in areas such as Sheffield and Yorkshire.

Mortgages have been on the decrease in recent years, in-fact the average age for a couple to buy their first home together is currently 35. People are also staying at home with their parents until their 30’s, rather than stepping out into their own mortgages. Yorkshire and the North of England is one of the many places that has been hit by the decrease in mortgage applications, but properties in this area are definitely on the up.

Factors to consider

The average amount you can get a mortgage for at present is roughly 3.5 times your salary, this was higher a few years ago which is one of the reasons why it is difficult to get on the property ladder. The best thing to do is to save up money before you consider taking out mortgages. Yorkshire has many types of employment opportunities and you will soon be saving for the house of your dreams.

The only way is up

One of the great reasons to start on the property ladder with a mortgage in Yorkshire is the stunning views that can be found throughout, with many properties available in this area to take out mortgages. Sheffield is one of the great areas within Yorkshire where you can combine the hustle and bustle of city life with the surrounding countryside; you wouldn’t want to miss out on applying for your own mortgage within Sheffield.


Blountfs.co.uk specialise in Mortgages Yorkshire . We are an independent mortgage broker catering for your financial needs. Our advisors will find the right mortgage for you; visit us for Mortgages Sheffield .