| Industry News |
|
| News » Residential Property Law » Bank report reveals positives |
|
24/07/2009
Bank report reveals positives |
|
The mortgage market is starting to show more positive trends, a report by the Bank of England has concluded.
In its latest agents' summary, the Bank found that professionals in the housing sector have observed an upturn in a number of indicators.
These included "enquiries, offers and completed transactions - albeit from a low base", it stated.
Another finding was that first-time buyer activity has shown some signs of rising, although there was also concern expressed over the extent to which the supply of mortgage finance is improving.
Those keen on taking out a mortgage now may wish to speak to a property lawyer.
Another report from the Bank of England suggesting things are moving in the right direction was its latest Trends in Lending survey, out earlier this month.
It found evidence from the views provided by banks and building societies to suggest that "mortgage lending for house purchase may continue to strengthen in coming months".
Written by Pauline Adams
 |
| |
| Related Articles |
13/01/2010
Residential property prices show new rise
The price of residential property in the UK has continued to increase, according to new figures from the Department for Communities and Local Government (DCLG).
|
06/01/2010
Prime property supply 'set to rise'
The supply of prime properties is set to increase after the general election this year, it has been predicted.
|
04/01/2010
Opportunities to invest in new build properties 'to rise'
Those looking to invest in new build property will get more opportunities to do so in 2010, it has been suggested.
|
31/12/2009
London property investment demonstrates resilience
The residential property sector in London has demonstrated greater resilience compared with other regions over the course of the past 12 months, Land Registry figures have revealed.
|
30/12/2009
Mortgage market competition 'to increase'
Those investing in property will be able to enjoy an easing of finance in the property market in 2010, it has been predicted.
|
News Archive