As reported this week in the UK press mortgage lending to house buyers picked up again in May, according to the Council of Mortgage Lenders (CML).The number of home loans for house buyers rose by 4% in the month to 37,400, although that was still 28% lower than a year ago. First-time buyers are still having to put down an average deposit worth 25% of their home's value.
Nearly three-quarters of all new mortgages are being taken out at fixed rates, the highest proportion since August 2007 The CML said borrowers were protecting themselves against possible interest rate increases in the future. With mortgage approvals still rising, the number of loans granted, and completed sales, are all likely to stay on their upward trend over the summer.
Looking for an Estate Agents in Fareham or an Estate Agents In Southampton, then look no further than Dibben and Dibben established Estate Agents in Hampshire for over 20 years.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment