Monday, June 20, 2011

Locking-in, or locked-out? Depends on which side of he mortgage fence you are on.

Rise in mortgage lending 'fuelled by remortgaging'

However, the rise should not be regarded as an increase in the strength of the property market or an improvement in the number of first-time buyers: the CML says the increase was fuelled by remortgaging rather than house purchase, and adds that this is likely to dwindle going forward as expectations of an increase in interest rates recede.

Posted by rental john @ 02:02 PM (631 views)
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