First time buyers attracted to tracker mortgage deals
Expectations of future cuts in interest rates have led to a “greater appetite” for tracker rate mortgages, one expert has claimed.
Sue Anderson, a spokesperson for the Council of Mortgage Lenders, explained that while first-time buyers have traditionally been more attracted to fixed rate mortgages, changing economic conditions are also changing attitudes.
Anderson said: “At the moment […]
Gross lending in January reaches 11%
Gross mortgage lending rose to an estimated £26.5 billion in January, up 11% from £23.9 billion in December, and reached a similar level to January 2007 when it was £26.6 billion, according to the Council of Mortgage Lenders.
This is a good performance given the unsettled market conditions since last summer. Typically lending is lower in […]
