The mortgage industry has signalled the emergence of the “super prime” mortgage borrower.

At a recent launch of the 2020 Vision Study undertaken by the Building Societies Association, a speaker revealed that lenders are creating a “super prime” category of mortgage borrower who all lenders are now energetically competing for. These are borrowers who have more than 30% equity in their home and a spotless credit history.

The creation of this new category results from the lenders needing to have the highest quality mortgage book so that they can easily re-sell it to other financial institutions in order to finance their own increased lending.

These super primes tend to be older than the average new mortgage client and have professional qualifications. As such they also tend to be more financially aware and savvy. They are also high users of the internet!

So if this sounds like you, congratulations. You’ll have no problem getting a mortgage or re-mortgaging and you will be able to pick and choose amongst the best deals in the market.