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Mortgage activity &’039defying expectations&’039

by admin
13 March 2012
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House prices are stabilising because of a rise in the number of mortgage applications so far this year, mortgage broker Mortgage Advice Bureau has claimed.

Using data from more than 300 brokers and 700 estate agents across the UK, the broker’s National Mortgage Index found that mortgage activity has defied expectations made at the beginning of the year.

Helped in part by the end of the Stamp Duty holiday for first-time buyers and also by concerns over increases to lenders’ SVRs, the number of mortgage applications in February was up 20.9% compared to January – where the number of applications was up 52.7% on December 2011).

Brian Murphy, head of lending at Mortgage Advice Bureau, said: “Activity among mortgage borrowers has ratcheted up further in February following a positive start to the year. The end of the Stamp Duty concession for first-time buyers had an impact on this but so has the increased availability of 95% mortgage deals.

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© 2018 Trek Publishing Limited. Website design by Bedazzled Media Limited.
Company Number 11335497. Registered Office: Butterick Building Unit K, 38 New Lane, Havant, P09 2ND

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  • MORTGAGES
    • Mortgage type
      • Discount mortgages
      • Fixed rates
      • Fee-free
      • Interest-only
      • Offset
      • Remortgages
      • Trackers
      • Variable rates
    • Conveyancing
    • First time buyers
    • Help to Buy
    • New build
    • Overseas
    • Regulation
    • Self build
    • Shared ownership
  • BRIDGING
  • BTL
    • Consumer BTL
    • HMOs
    • Limited Company BTL
  • COMMERCIAL
    • Asset finance
    • Auction finance
    • Commercial mortgages
    • Development finance
    • Invoice finance
    • SME finance
  • DISTRIBUTION
  • G.I.
  • LATER LIFE
    • Equity release
      • Lifetime mortages
      • Drawdown
    • Pensions
    • Retirement borrowing
  • LOANS
  • PROTECTION
    • Critical illness
    • Income protection
    • Group protection
    • Life cover
    • PMI

© 2018 Trek Publishing Limited. Website design by Bedazzled Media Limited.
Company Number 11335497. Registered Office: Butterick Building Unit K, 38 New Lane, Havant, P09 2ND

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