SALES NEWS: Mortgage market still strong as lowest-ever rate launched
The mortgage market remains strong, with latest figures from the Bank of England showing that lending to home buyers and those remortgaging bounced back in September after two months of falls.
There were 66,140 approvals for house purchase lending and 44,719 for remortgaging in September, up from 63,636 and 41,347 respectively in August.
Meanwhile the Yorkshire Building Society has announced Britain’s cheapest mortgage. At 0.98 per cent this is the lowest rate mortgage ever offered, and is available for those remortgaging.
This makes it ideal for those wishing to change an existing mortgage in order to, perhaps, help others in their family buy a property, or to buy a second home of their own.