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Poor credit history and not having a large enough deposit remain the biggest hurdles for prospective first-time buyers trying to get a foot on the property ladder, as new research from Aldermore reveals that just one five were able to get a mortgage on the first attempt.

It seems like yesterday we were discussing last year’s burgeoning holiday lets market and now we’re experiencing the same trends for 2021. Deterred by the thought of quarantine hotels, country restrictions and the likelihood of catching the coronavirus itself, Brits are once again preparing for a summer of staycations.

Despite Britain making clear strides with its vaccination rollout, foreign travel still looks set to remain somewhat uncertain this year. Many Brits are expected to opt for a staycation over a holiday abroad, mirroring the staycation boom that we all got to enjoy last summer. Because of this, those with a second home or money to invest are increasingly viewing holiday letting as an attractive property investment to consider.

As we head towards the anniversary of the first lockdown it’s hard to escape the ongoing social and economic impact of Covid-19. From a commercial perspective you only have to step outside to see real life examples. The empty, non-viable retail units now lining our high streets are a case in point.

With New Year resolutions made, many in the UK will be looking ahead having firmly shut the door on 2020. Despite a particularly difficult year generally, and with our current lockdown status in force; on a social and an economic level, those serving the mortgage industry can still look to the future with optimism.