Mortgage market 'to progress' in 2010
02 February 2010 12:42:50
 |
| New report suggests mortgage market recovery is set to continue. |
Intermediary lender Platform conducted a study which found that 66% of its contemporaries are expecting business to pick up this year, with 74% believing house prices will rise by up to 5%.
In addition, the report, titled 'Intermediary Outlook Survey', revealed that the majority of respondents are planning for interest rates to increase by a maximum of 0.5% in the coming 12 months.
"The research has shown that intermediaries are confident that the next 12 months will be positive for the market and that the sector is ready to do business," said David Tweedy, director of Platform.
"[It] gives mortgage providers an unrivalled opportunity to reassess their proposition and service practices by accurately gauging the position of the market."
Despite the overall optimism, over a third of intermediaries (39%) also noted that dual pricing will continue to provide a major problem for the sector.
According to new Bank of England figures, 59,023 home purchase loans were approved in December, down from 60,045 during the previous month.
‹ Back
Other Mortgages News
-
Tracker mortgage rates fall to record low
Tracker mortgage rates have reached a record low. -
Mortgage market 'to progress' in 2010
New report suggests mortgage market recovery is set to continue. -
Mortgage market 'will recover' after recession
Mortgage activity to improve after recession ends. -
Fixed-rate mortgages 'becoming cheaper'
Lenders are reducing fixed-rate mortgage costs.
All Mortgages News
Other Home Page News
-
Brits turn to credit cards for living expenses
Almost half of UK consumers are turning to credit cards as they struggle to cover living expenses until payday. -
Bruce Willis Boosts Russia's Trust Bank
Celebrity marketing might not be the safest choice but Trust Bank has found the recipe for success. -
Warning - credit card scam exposed
Online financial scams keep increasing every year in the UK market - learn more about the latest phishing scam and how to protect yourself from fraudsters. -
No fee and low fee cards
New Cashback and Rewards credit cards from Sainsbury's with extremely low rates.
All News Stories
Product Offers
Please ensure that you fully read the terms & conditions of any product or policy before you decide to proceed and are fully aware of the total costs and the benefits and any exclusions or limitations applicable to the product or plan.
Please note that the product links will take you direct to the Issuer or Insurer's site direct and we cannot be held responsible for the information which they provide within their own sites. On some comparison tables we use a star rating which rates products by visitor popularity.
Please ensure that you fully read the terms & conditions of any product or policy before you decide to proceed and are fully aware of the total costs and the benefits and any exclusions or limitations applicable to the product or plan.
Please note that the product links will take you direct to the Issuer or Insurer's site direct and we cannot be held responsible for the information which they provide within their own sites. On some comparison tables we use a star rating which rates products by visitor popularity.
