Uncategorized
UK property market hits turning point
The number of buyers and sellers rose in September helping to revive the property market, according to property group Countrywide.
Chief executive Grenville Turner said:
“Overall mortgage applications rose 1% in September, which demonstrates that the purchase mortgage market is still active with a new wave of buyers entering the market.
“While the third quarter is a traditionally quieter period for the market, mortgage applications are broadly in line with overall house sales.”
Remortgage applications remained at their highest levels since June 2009 for the third month, making up 22% of all mortgage applications.
Buy-to-let mortgages made up 13% of overall mortgage applications, up 4% on September 2009.
Sponsored