Friday, July 8, 2011

Number of mortgages hits two-and-a half-year high

Number of mortgages hits two-and-a half year high

Category: Mortgages
Date: 05/07/2011 figures show that the number of tenders, the mortgage increases, and currently to more than two and a half year is high.

There have been increases on loan to traded tiers, with the exception of 100% loan-to-value mortgages, which lenders to offer again appear.

Currently are 2688 residential mortgage products for buyer to choose from - that since December 2008.

Buyers with a 10% deposit have seen significantly increase their options; There are currently 261 products 90% loan value, up from 176 in the same place in the last year.

The level with the highest number of mortgage products currently is 75% loan value, which is part of something more than 800 home loans residential offerings.

Due to the increasing numbers of mortgage products, prices have fallen. figures last week showed that mortgage rates to their lowest point in 23 years have fallen.

Average two-year 4.32% of the three is fixed rate product years to 4.92% and the five year fixed rate at 5.29%. In addition, is which is the average two year tracker to 3,37% please.

"Lenders seem that recent cuts will apply on all credit to-value-tiers, the good news for buyers only," said Michelle Slade, spokesperson for

"Previously, cuts were applied only to lower loan-to-value bands", she added.

The number of buy-to-let products has also significantly increased.

There are currently 457 buy to let deals on the market, a number that has risen in the past 12 months, 266.

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