The Chartered Surveyors Monthly Survey Has Reported An Increase
In New Home Buyer Enquiries For 6 Months In A Row
Released
on: May 19, 2009, 6:50 am
Author: Direct Traffic Media
Industry: Financial
London
and Country Mortgages own experience is similar. Applications
from first time buyers
and next time movers more than doubled between January and
April 2009.
At
last we seem to have some sustained improvement in the housing
market. The chartered surveyors monthly survey has reported an
increase in new buyer enquiries for 6 months in a row and this
is now feeding into actual sales. This has resulted in a decrease
in the time to sell a property.
Another
positive indicator is the Nationwide Consumer Confidence Index.
In April 2009 this saw the largest rise for the last 2 years.
In addition, the extension of the increased stamp duty threshold
to £175,000 until the end of 2009 announced in the budget
gives more time for would be purchasers below this threshold to
complete on their property transaction.
From
a product point of view, borrowers can lock in to extremely competitive
fixed rate deals andencouragingly
for those with smaller deposits competitive rates are once more
available. Major lenders including Abbey and Woolwich have recently
increased the LTV (loan to value) on some of their better deals.
Whilst
we are far from out of the woods, there are signs at least that
potential buyers are coming back into the market. Those that do
will be able to take advantage of the low interest rates currently
on offer.
Potential
borrowers wanting to see how much they may be able to borrow can
use L&C’s
FREE mortgage calculator.
For more information and no-fee advice, borrowers can call
free on 0800 373300 or request a call back.
Notes to Editor:
London & Country (L&C) is the UK’s leading no-fee
mortgage broker. Based in Bath, it provides whole of market advice
via telephone and post to clients nationwide. As well as residential
mortgages, it also specialises in the Buy-to-Let and adverse-credit
sectors.
L&C
is a Climate Neutral company and for the last seven years has
invested in climate friendly projects and tree-planting to help
offset its emissions and those of its customers.
L&C
has won numerous awards including:
Best Mortgage IFA/Adviser of the
Year – Money Marketing, 2004, 2005, 2006 and 2008
Best Technology Adviser – Money Marketing 2007
Best Mortgage Broker outside London – Mortgage Strategy,
2004 and 2005
Best National Broker – Mortgage Introducer 2005, 2006 and
2007
Best Overall Broker – Mortgage Introducer 2005
Overall broker of the year – Pink Home Loans, 2006 and 2007
Top 100 company in the Sunday Times Fast Track 100 for 2004 and
2005
Business of the Year – The Bath Business Awards 2005
Growth Strategy of the Year – National Business Awards (Wales
and West) 2008
Business Leader (Broker) – British Mortgage Awards - 2008
Online Mortgage IFA of the Year – Financial Adviser - 2008
Press Contacts:
Richard Morea, Technical Manager
Office: 01225 341312
Mobile: 07970 885168
David Hollingworth, Head of Communications
Office: 01225 341211
Mobile: 07710 634044
www.lcplc.co.uk
2012
