What the papers say – 30th and 31st May 2015

The Times looked this weekend at strategies for borrowers trying to secure a mortgage in a climate of tighter lending criteria, including reducing spending on non-essential items in the run up to applying, and taking steps to improve credit score. Alternative mortgage options were also highlighted, such as the Government-backed Help to Buy scheme, and deals through mainstream lenders that allow parental assistance.

The Telegraph looked at the booming Buy-to-Let market, reporting on recent research which revealed that Manchester, Hull and Blackpool are currently the best places to invest – due in part to strong rental demand and a modest rise in property prices.

Elsewhere, the Mail on Sunday highlighted the rock-bottom mortgage rates currently on offer in comparison to someone taking out a mortgage 20-25 years ago, while the Independent looked at the launch of the UK’s first web-only auction for new-build properties, due to launch this month.

YOUR HOME OR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

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