Friday, 29 July 2011

Gross mortgage lending up by 16%...

It seems apparent that a lot of people are still set on moving house or  purchasing their first home, despite the fluctuating prices and how difficult it is to get a mortgages as well as a lack of decent houses on the market. Analysts are continuing to predict a continuing fall in house prices, but with the number of people renting at record highs at the moment, many first-time buyers believe that now is just as good a time as any.

In June, gross mortgage lending was up by 16%, however any slight increase looks good against the low levels of lending that we have seen in recent months.

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