House purchase driving mortgage market, expert claims by Finance News Bulletin

Published: 16/05/07

The buy of new houses has led to the recent growth in the mortgage market, an expert has claimedA progressively high level of mortgage approvals for new home purchase is the main power behind the "unexpected strength" in the market, affirmed a Council of Mortgage Lenders reportThe body predicts that the number of mortgages taken out will be 20 to 25 per cent higher than that seen in 2005, which is higher than its 16 per cent estimation made in JuneHowever, the Council of Mortgage Lenders' research also shows that the buy-to-let mortgage marketplace has been strong, due to high occupant demand and pressure on rents

"The surprise has been the resilience of the market as a whole in the face of rising tax and utility bills and long-drawn-out affordability," the report said"That households as a whole are under some pressure is evident in the near to the ground levels of consumer confidence over the past day and sharp slowing in unsecured consumer lending growth"nowadays's Most Popular Results Mortgage Enquiry Form Need Life Insurance ------ Mortgages - Information Mortgages - house ------ Financial armed forces - HomeNone of the information on this website is intended to promote any exact mortgage product or provide mortgage advice

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