Mortgage best deals fund northern property purchases.

Those borrowers needing mortgage best deals to fund a property purchase, may find they have more success in getting what they want if they live in the north of England.

The north – south property divide is growing and, as buyers in the north purchase lower value property requiring a smaller deposit, they are potentially in a stronger buying position than their southern counterparts.

The Council of Mortgage Lenders has advised that despite December's figures showing an increase in lending for a fifth month running, the housing market is still expected to experience a slow first half to the year.

Lenders are taking an increasingly cautious approach to mortgage lending and some have already announced slight rate increases to their mortgage best deals.

Rightmove’s first Consumer Confidence Survey of 2012, found that the majority of the public believe the balance of power currently lays firmly with buyers. Analysis also shows regional and local variations providing further evidence of a north – south divide.

The report highlight that the ‘price pessimists’ who expect prices to be lower in 12 months’ time, continue to outnumber the ‘price optimists’ who expect prices to be higher.

Lenders have been more competitive in recent months however, the amount of lending could fall back because of crisis in the eurozone.

Experts at Deal Direct advise borrowers to act quickly in order to secure one of lenders mortgage best deals before the cheapest rates start to be pulled.

Deal Direct can help you get the best mortgage deal available in the UK today.

Fill in our enquiry form opposite or telephone 0800 048 8828.