We offer all the tools necessary for landing the full scope of business you really deserve.
Feel free to call us: +34 617 369 878

400,000 fewer “mortgage prisoners” in UK

Posted by: In: Real Estate 06 Nov 2014 Comments: 0 Tags: , , , , , , , , , , ,

Rising house prices and increased availability to higher loan-to-value lending has meant there has been a sharp fall in the number of households unable to remortgage, according to findings in Countrywide plc’s latest Quarterly Market Review.

In September, just 5 per cent of mortgaged households would be unable to pass tighter lending criteria, down from 9 per cent a year ago. In the last year, just over 400,000 out of the total 10.8 million mortgaged UK households have found themselves no longer to be mortgage prisoners and as a result have been able to cut their mortgage payments. In London and the South East, less than 0.1 per cent of households now find themselves in a position where they do not have sufficient equity to remortgage.

UK, Mortgage Desk

Source: The Movechannel


Sorry, the comment form is closed at this time.