Mortgage Market Briefing – February 2020
It has been an encouraging 12 months for the housing market, with prices rising by 0.8% and much of the country returning to growth.
It has been an encouraging 12 months for the housing market, with prices rising by 0.8% and much of the country returning to growth.
Mortgage approvals dipped slightly in January, when compared with a bumper December.
2019 had its ups and downs for the mortgage and property markets, but the 2020s have begun on a positive note.
Low mortgage rates have tempted more existing homeowners to re-enter the market and remortgage in November.
Further cuts to rates in December, especially for borrowers with small deposits, have proved a Christmas gift for first-time buyers.
Low mortgage rates have tempted more existing homeowners to re-enter the market and remortgage in November.
Homeowners who took out a mortgage at the most recent market low may now be looking to remortgage to avoid seeing their monthly repayments spike, according to Moneyfacts.
Market grows slightly between August and September. Lenders’ cut-price deals have helped market remain buoyant. Modest boost for first-time buyers in London.
Market grows slightly between August and September. Lenders’ cut-price deals have helped market remain buoyant. Modest boost for first-time buyers in London.