Tuesday, April 3, 2012

Bear nibbles

Sudden drop in mortgage deals on offer

The number of mortgage deals on offer has fallen back suddenly, after rising steadily towards the end of last year. The number of deals peaked at 2,757 in February, the highest monthly figure since 2007, said Moneyfacts. They then dropped back to 2,325 and 2,288 in March and April respectively.

Posted by mark wadsworth @ 01:51 PM (3356 views)
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2 thoughts on “Bear nibbles

  • sibley's b'stard child says:

    The Moneyfacts figures show that nearly two-thirds of all deals on offer still require a downpayment from the borrower of 20% or more of the property’s value.

    Well, there’s a tacit consensus as to how far lenders think HPs will fall over the next few years.

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  • The number of deals being down is insignificant to the tighter criteria now being applied by lenders – I suspect by the time the full MMR is in place the market will be well and truly choked. The FSA/BOE/Government will of course see none of this coming !

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