House Purchase Lending 50% Higher Over September 2013

There has been a lot of influence in the property market, with house purchase lending 50% higher over the past month of September 2013.

It poses to raise questions as to what the needle mover was, that influenced this move by the Bank of England which has now started to breathe some life back into the UK property market.

With mortgage rates becoming more favourable, lenders can begin to step up and compete.

Further to this, there are strong indicators that the increase in lending is not just for situations where large deposits are required, this has become evident with products that only require deposits of 5%, 10% and 15%.

This signals an opportunity for first-time buyers to look for the opportunity to get onto the property ladder as rent is becoming even more expensive.

Quick Move Property Ltd trading as PropertyBuyer.co.uk

The Old Bank, 259 London Road, Hadleigh, Essex, SS7 2BN

T: 0800 246 1188
T: 01702 742 111

Important: Whilst we make every effort to complete in a quick and reasonable timescale, there are sometimes circumstances that might affect the actual completion date, and in extreme circumstances our ability to purchase. Any initial offer made is provisional and will only be confirmed once we are in receipt of a survey, and the searches and contracts are deemed satisfactory by our legal team. Other factors may affect our decision to purchase, or affect the price we eventually agree. Over recent years financial turbulence and market forces from both inside the UK, Europe and the rest of the world have caused extreme price fluctuations in the UK property market. Property law is such that until exchange of contracts takes place with the legal representatives the transaction is not legally binding. Prior to a legal exchange of contracts we can rescind the agreement at any time if we have any knowledge or we are advised that the property is not as initially described and/or anything comes to light that may have affected its value. Alternatively, the purchase price may be renegotiated by mutual consent. In the event we rescind the agreement then all legal aborted costs, disbursements and survey fees in the transaction will be met by us. We strongly advise not to commit to any expenditure or completion dates until legal exchange has taken place.