Summary
THE latest property market figures show a two-speed mortgage market has developed in the last few months, with the number of loans for buying a house going up, but the number of remortgages plummeting.
The low figures for homeowners borrowing against their existing homes skews the overall amount, according to the Council of Mortgage Lenders, which prepared the data.See the full content of this document
Extract
Moving Matters: Low Rates Split Loans Market
At GBP 12.3 billion, gross mortgage lending fell 36 per cent from August 2008, the CML said; but the number of people taking out a mortgage to buy a property jumped 29 per cent in August compared with the same month a...
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