Thursday, June 12, 2008

Gross lending increases but loans for house purchases down close on 40%

First time buyers put down 13% deposit in April as home loans plummet 40%- CML

Fixed-rate loans became more popular in April suggesting that borrowers are looking for security over future mortgage payments, according to the Council of Mortgage Lenders. The proportion of borrowers taking out fixed-rate products increased to 59% in April, from 54% in March. This is the largest proportion since December last year...

Posted by converted lurker @ 12:35 PM (408 views)
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