Mortgage trends

Large loans are no longer a rarity in the world of intermediary mortgage lending and are increasingly becoming available for applicants traditionally regarded as 'sub prime'. Recent market research by Future Foundation reported that the number of 'mass affluent' individuals in the UK (those with around £50,000 in liquid assets) is set to grow by a third to five million by 2005. Enhanced employee share ownership, static top-rate income tax and declining corporation tax are all expected to contribute to this increase in personal wealth. Although this news was reported primarily in connec...