Building societies increasingly popular for mortgages
www.moneynews.co.uk > Mortgages > Building societies increasingly popular for mortgages
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Money News |
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Building societies increasingly popular for mortgages
Fri 13th Oct 2006
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Moneyextra, the personal finance service provider, has discovered that four building societies currently stand in the list of most popular mortgage providers in the UK.
Nationwide had been the most popular mortgage lender throughout last year and continues to be presently. Alongside Nationwide stand Coventry, Skipton and Portman building societies.
Robin Amlot of Moneyextra relayed: "It's early days yet but it's possible that, against the backdrop of rising base rates, building societies may once again be able to play their strengths – focussing on delivering quality deals to members without having to worry about generating returns for shareholders."
An average mortgage value decrease of 8.9 per cent between August and September for Moneyextra customers represents the lowest level since January this year. Moneyextra's customers' average mortgage value is now £134,292.44.
A survey by the Royal Institute of Chartered Surveyors has shown that house prices have risen for the 11th consecutive month.
Related News : Mortgages |
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