The Nationwide mortgage market review reveals property prices are rising.

The recently published Nationwide mortgage market review has revealed that UK house prices are on the up. Both the UK property and mortgage market are finally moving in the right direction.

According to the Nationwide, house prices rose by 0.4% in May which it claims shows that the housing market is finally gaining momentum.

Lenders are starting to loosen their criteria, mortgage rates are falling and property sales are increasing in number. Things are beginning to move again making now a good time to buy.

The Nationwide Nationwide mortgage market review also shows that mortgage approvals in the first quarter of this year rose by 4% on the same period last  year.

Why are mortgage approvals rising?

More properties are being purchased which according the the Nationwide mortgage market review can be attributed to the help the Government is offering both lenders and would-be buyers.

Firstly last August the Government released the Funding for Lending Scheme, which has given lenders access to cheaper funding. In turn they are then passing on cost savings to buyers and remortgaging home-owners in the form of lower mortgage rates.

Secondly the new Government scheme Help to Buy has greatly improved the mortgage prospects for many. Those would-be buyers with just 5% as a deposit can now receive up 20% of a property's value in the form of a loan. This help with a deposit means many more can now afford to buy, and because they have a larger deposit lenders are prepared to offer them a cheaper rate.

Finally help is on hand to get more buyers on the property ladder and more second steppers moving up.

Whatever kind of mortgage you are looking for Deal Direct can help.

We have access to exclusive mortgage deals from lenders such as the Halifax, mortgage exclusives that are not advertised anywhere on line and only available through us. If you would like a quote for one of our exclusives deals such as a 2 year fixed rate mortgage at 1.94% call an adviser on 0800 048 8828.

Let us help you climb on the property ladder, move to a larger home or remortgage to a lower rate.

For advice and low rate quote call today.