9
Mar
More mortgages available, expert notes
The number of mortgage products available in the UK has risen, it
has been pointed out.
Commenting on the subject, editor of What Mortgage Ben Wilkie said
there is rising confidence in the market.
This means that those seeking flats for sale in Manchester, as well as other homes
across the country, have more finance options available to
them.
Mr Wilkie stated: "I think there's a bit more confidence in the
market; the housing market seems to be back on a slightly more even
keel [and] there's bit more confidence to mortgage
companies."
They are realising they have to be more flexible with their
loan-to-values in order to attract consumers, he added.
The expert's remarks were made in the wake of the release of
figures by Moneyfacts, which revealed that availability of lower
deposit mortgages has nearly doubled year-on-year in March.
At the start of the month, there were 1,798 deals requiring
deposits of between zero per cent and 40 per cent.
