Latest mortgage deals may give the housing market a lift.
The latest mortgage deals to arise from the funding for lending scheme are expected to give the housing market a lift.
Some sources predict a strengthening housing market towards the end of the year, due to greater mortgage availability. However, while cheaper funding for lenders has led to many cut rates, the main competition has been for high deposit deals.
At Deal Direct we are up to date on mortgage market changes and can offer independent advice and the cheapest rates available. Whether you have a large or small deposit we can source the best rates from lenders throughout the market.
The latest mortgage deals with a small deposit, are at relatively high rates compared to those with a larger deposit. The latest figures suggest the gap may be widening as cheaper funding has had little impact on low deposit deals.
Following the latest RICS figures, some surveyors are optimistic that activity in the housing market could increase in the coming months. House prices may still be falling in some areas but at a slower rate than in previous months.
In some areas the lack of house sales has been blamed on unrealistic expectations of the value of property by sellers. RICS figures suggest that sales are successful in most cases where the initial selling price is more realistic.
With demand from buyers improving in many areas of the country, combined with more mortgage availability, experts are optimistic. If you are looking to move home make sure you get the best mortgage rates on offer.
Call Deal Direct for the latest mortgage deals.
