Legal & General: Mortgages falling
www.moneynews.co.uk > Mortgages > Legal & General: Mortgages falling
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Money News |
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Legal & General: Mortgages falling
Thu 3rd Apr 2008
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Research from Legal & General indicates that two-thirds of mortgage advisers forecast that home purchases will make up less than 40 per cent of mortgage business in the next three months.
The same survey reveals that respondents also think that remortgage activity will increase as more people seek out new deals, to the point that it makes up the difference created by the fall in new home loans.
"The Bank of England indicates that the value of remortgage lending last month was way above the previous six-month average," Legal & General commented.
"We expect this trend to continue throughout the spring."
Legal & General recently introduced a Mortgage Purchase Index to help uncover trends in the market.
Related News : Mortgages |
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Related News : Halifax |
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