Are you applying for a mortgage this weekend?

Mortgage application approvals have shot up to their highest level in nearly a year, according to bankers.
The British Bankers Association (BBA) says that the number of applications being signed off increased by 7% in April compared to March, meaning some 42,116 applicants were given the green light.
It is the fastest rise since September 2013, and the highest number for 10 months.
The BBA is optimistic that the trend will continue in the coming months, which is another welcome vote of confidence in the property market.
Certainly, there have been plenty of very competitive mortgage rates on offer for homebuyers and investors as we continue to see record low interest rates and falling inflation.
Indeed, analysts expect interest rates to remain on hold for some time, with some forecasting that a rise will only come later in 2016.
At McAndrew Martin, we’ve also seen a rise in demand for our surveys and property related services, including mechanical, electrical and structural engineering, architectural design, land and new homes developments, boundary work, legal services, conservation and project management.
It is crucial to get the right survey when you are buying a property – indeed, a mortgage application can rise or fall on the findings of a survey.
A survey by a professionally qualified chartered surveyor will ensure that the prospective buyer has the full picture from which to make a decision about a property.
It can save the buyer money in the long term by ensuring there are no hidden – and costly – surprises after purchase.
Choosing a local surveyor with local knowledge, local connections, a stake in the local community and an interest in the local economy is also vital.
As a being well-established local firm of more than 25 years’ standing, we know just how important it is to reach and exceed the highest standards of service.
Operators working a distance will lack the local knowledge and contacts as well as the availability to be on hand locally and provide a personal service.
Indeed, in some cases local practices may have even carried out a survey on the same property several times – so they will know its history and any issues – as well as any specific issues in the area as a whole.
So, if you are thinking of moving home or taking advantage of low rates to invest in a buy to let property, please do consider a local surveyor.
If you’re not househunting or looking into a mortgage application, have a good weekend too. We’ve had another busy week so we’re looking forward to relaxing weekend before heading full steam into June on Monday.
If you’re out and about, why not visit the Portsmouth News website – or buy a copy of the paper – to see what’s on this weekend.
It’s at
You can also visit the BBA website at
Please do like us on Facebook, follow us on Twitter @McAndrewMartin and connect with us LinkedIn when you get the chance too!

Mortgage application approvals have shot up to their highest level in nearly a year, according to bankers. The British Bankers…

11th June 2024

Is your supply chain secure?

Disruption of critical infrastructure is becoming more and more prevalent with hackers targeting UK Government departments directly, with recent high profile and high impact attacks on the NHS (link) and UK MOD Payroll (link). Whilst the obvious targets would seem to be in the defence environment, hackers are looking to…
4th June 2024

McAndrew Martin proudly supports Thomas Bennett CC Fundraiser

McAndrew Martin proudly supports Thomas Bennett CC Fundraiser for St Catherine’s Hospice At McAndrew Martin, we believe in supporting our local communities. Recently, we were approached by our client, BAM FM, with a request to support the inspiring children of Thomas Bennett CC about sponsoring their efforts to raise funds…
28th May 2024

Empowering Future Engineers: Max Marshall inspires students at TBS, Ascension Island

At McAndrew Martin, we believe in nurturing curiosity and inspiring the next generation of engineers. Recently, our very own graduate engineer, Max Marshall, visited TBS (Two Boats School) on Ascension Island to engage with Year 11 students, to shed light on the fascinating realm of structural engineering. Max, who has…
23rd April 2024

Mc Andrew Martin Limited has been awarded a place on the Framework for Worldwide Electrical Inspection & Testing Programme

We are delighted to announce that following a rigorous tender process, Mc Andrew Martin Limited has been awarded a place on the Framework for Worldwide Electrical Inspection & Testing Programme in the Asia region covering a range of FCDO assets in some highly prestigious countries such as Hong Kong, Malaysia…
15th April 2024

A Glimpse into the Minds of our winners of the McAndrew Martin Ltd Staff Awards

As we celebrate the successes of the past year at MML, it’s time to recognise the outstanding individuals who have played a pivotal role in our achievements. Today, we have the privilege of hearing from some of our award winners as they share their thoughts and reflections. Lee Sergeant –…
4th April 2024

Bastion Protects as Partner of the Year

At our recent End of FY Presentation event, MML were delighted to invite our trusted partner Bastion Protects and present them with the award for MML’s Partner of the Year.Over the past 12 months, MML and Bastion Protects have joined forces on over 100 projects throughout the UK, consistently surpassing…
4th April 2024

McAndrew Martin Ltd completes MBO, backed by private equity firm Roycian Ltd

Roycian, the Private Equity firm backed by a portfolio of private investors and family offices, completes £7million MBO of specialist property services business, McAndrew Martin Ltd. Founded in 1989 by Bill McAndrew, McAndrew Martin is an award-winning, multi-disciplinary property services business, with its headquarters in Cosham, Hampshire. The business provides…
21st March 2024

Welcoming Dave Sykes as Director of Security

McAndrew Martin Ltd is excited to announce that David Sykes has joined our team as Director of Security to lead our new Security consultancy business. With 22 years in the British Army in security and intelligence roles, and a further 11 years supporting blue chip clients in UK, Dave brings a wealth…
13th March 2024

McAndrew Martin Ltd.’s Inaugural Staff Awards Ceremony

The inaugural Staff Awards Ceremony, hosted at the Portsmouth Marriott Hotel, marked a significant milestone in McAndrew Martin Ltd.’s history. Employees gathered for an afternoon dedicated to celebrating staff members’ efforts and providing crucial updates on the company’s direction. Here’s a brief recap of the afternoon: Bill McAndrew, our founder,…