| Industry News |
|
| News » Residential Property Law » Higher LTVs 'on the way' |
|
02/06/2009
Higher LTVs 'on the way' |
|
Higher loan-to value (LTV) mortgages are on the way soon, it has been claimed.
Chief executive of property firm Assetz Stuart Law said the catalyst for a shift in lending policies by banks and building societies will be the start of rising house prices.
Mr Law commented that Nationwide's figures this month showing a house price rise of 1.2 per cent - the second increase recorded by the lender in three months - provided support for his belief that "house prices are firming".
He added: "It is likely we will see a flurry of higher loan-to-value [mortgage] rates released as soon as it is widely recognised that the market has stabilised."
Such a situation could help bolster mortgage lending as more buyers take advantage of higher LTVs.
Those wishing to buy a home may wish to see a solicitor to deal with the legal aspects of the subject.
Nationwide's figures are not the only evidence produced in recent days to suggest the property market may be stabilising.
Figures from Hometrack showed that May prices were unchanged from April's, the first time in 20 months it had not recorded a fall.
Written by Laurence Smith
 |
| |
| 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