Increasing number of mortgage products encourages market
22 January 2010
Home buyers now have the most mortgage products to choose from since May 2009*, fuelling a continued recovery within the property market.
Over 2,500 mortgage products are now available, thanks to a third consecutive month of increases. In August 2007, in comparison, where were over 30,000 mortgage products on the market. This indicates that although the market is moving in the right direction, there is still a long way to go to full recovery.
Hannah-Mercedes Skenfield, mortgage channel manager at moneysupermarket.com, stated: “This is good news for buyers, as passing the 2,500 barrier does suggest that those looking for a mortgage are finding more and more choice, and where there is choice, there is competition.”
She added: “This is also now the third successive month on month growth of available products, which suggests the increases are sustainable.
*Figures from moneysupermarket.com
Source; mortgagestrategy.co.uk
Disclaimer
These particulars are intended only as general guidance. The Company therefore gives notice that none of the material issued or visual depictions of any kind made on behalf of the Company can be relied upon as accurately describing any of the Specified Matters prescribed by any Order made under the Property Misdescriptions Act 1991. Nor do they constitute a contract, part of a contract or a warranty.
