Oct
21
21/10/2010
Figures showing August mortgage activity have been released and show that lending was down 5% from July and down 3% from August 2009 in regards to loans granted to first-time homebuyers. Data also shows that the typical required deposit for these borrowers fell slightly from 24% to 21%. Remortgaging made up only 25% of home loans granted in August – a result of the continuing tight conditions on credit. Additionally, there is still not much incentive for borrowers to opt for deals other than those with low interest rates.
Due to the knock on effect this will have on the mortgage market, it will be even more difficult to sell house fast, due to a lack of potential buyers. If you need to sell home fast a sell house quick specialist can turn around a quick house sale in days. Sell home fast specialists buy for cash and charge no estate agency or valuation fees. These specialists are particularly helpful if you need a quick house sale to save a broken house chain or to allow you to relocate.
For a valuation to sell house quick, call Property Rescue on 0800 1313 999 or email them sales@propertyrescue.co.uk. You will obtain a sell house fast response within hours.