SALES NEWS: Housing market bolstered by more buyers seeking mortgages
The housing market may be slowing as Christmas approaches but 2017 overall looks like being an improvement on last year in terms of mortgage availability. New figures show that in 2017:
– Mortgages for existing owners moving house were up 3% on 2016
– Loans to first time buyers rose 1%
– the data is from UK Finance, representing 90% of lenders.
UK Finance also reports that new applications, which will be completed in the next two months, keep up the relatively strong performance.