The average price of a house in London has fallen to a new low as people scramble to buy a property in a bid to save their jobs.
Here are some ways you can protect yourself.
Read more 1/6 How to get rid of a loan application form You may have seen an application form on a bank’s website or online, or have seen a loan agreement or mortgage agreement that says you must apply for a loan.
But you should only apply for an agreement if you have no other way to pay the loan.
This includes applications for mortgages, loans for building work, and loan guarantees.
The Home Office has said: “If you have a job and are looking for work, it is a good idea to apply for work-related loans.”
The Department for Work and Pensions said: We will work with the lenders to find out if they are in the market for someone who is looking for help.
“It added: “We would encourage people to do a search on their local website or the Home Office website to see if any loans are available to help them.
“The Office for National Statistics (ONS) has said that the average amount of borrowing for a single person in the UK in the year to October 2017 was £1,827, with a typical loan amount ranging from £600 to £2,000.
For a family of four, the average borrowing for that same year was £3,500.
The average loan amount for a household of four is £8,400.
This means that if you apply for £10,000 worth of loans in a year, you can save £2 for every £1 you borrow.
2/6 If you can’t afford to pay a deposit, how can you afford a mortgage?
Interest rates on mortgages are set by the UK government.
You can apply for mortgages through the Mortgage Association.
The Mortgage Association’s website has more information.
The National Insurance Contributions Trust (NICTC) provides a range of mortgage insurance products, including mortgage insurance for small businesses.
Read our guide to mortgage insurance.
Read the mortgage advice we have from our friends at Mortgage Adviser.
The NICTC said: The majority of mortgages are insured by the Government, although there are a number of private insurers that provide their own mortgage insurance coverage.
The mortgage insurers that are part of the NICTC are: Mortgage Servicing Agency Limited (MSA) – provides the highest level of mortgage guarantee for small firms, including the mortgage guarantee available on the £1.25 million to £5.0 million mortgage.
This mortgage guarantee is offered by MSA.
It is the largest private insurance company in the sector and covers up to a fifth of the market.
It also covers up a third of the mortgage lending market.
National Housing Association (NHA) – covers a smaller portion of the housing market and is owned by Nationwide, the UK’s largest mortgage lender.
Nationwide’s own mortgage guarantee covers up 25 per cent of the lending market, making it the best in the industry.
Nationwide offers the best interest rate guarantee on the mortgage market, which is £1 a month.
Read about how to apply to get a mortgage.
Home Builders Association of England (HBAE) – also a mortgage insurer, but is owned and operated by the National Housing Federation.
HBAE offers mortgage guarantee on up to 20 per cent and is the second largest private insurer in the mortgage industry.
The HBAe’s mortgage guarantee offers a 30 per cent rate guarantee and is only available to commercial borrowers.
Read HBA, the mortgage guarantor, on our guide.
Mortgage lender National Mortgage Services (NMS) – is owned entirely by Nationwide.
NMS offers mortgage guarantees on up the £5 million to the £30 million loan market.
Read NMS on our Mortgage Guarantee guide.
Nationwide is also a member of the Mortgage Brokers Association.
Read Nationwide on our Guide to Mortgage Brokerage.
3/6 Are there restrictions on who can get a loan?
There are no restrictions on when you can apply to borrow or the amount of money you can borrow.
You don’t need to apply if you are a qualified person.
The only restriction is that you need to have a fixed income to qualify.
The minimum income you need is £35,000, and there is no minimum requirement for a deposit.
The maximum amount you can have at one time is £50,000 (see our guide on how much you need).
4/6 What can I get out of a mortgage if I’m unemployed?
You may not qualify for a mortgage as a jobseeker’s allowance, or as a benefit claimant.
But if you need money to cover your living costs, or to cover medical expenses, or even to pay off a debt, you may be eligible.
The Department of Work and Pension says you can get help from the Jobcentre Plus (JCP) if you’ve been unemployed for six months or more.
The Jobcentrer Plus helps people who