Comment on Bank of England mortgage approval figures

Published:

30/03/2009

Topic:

Press Release,Mortgages

Commenting on Bank of England figures showing mortgage approvals have jumped to a nine month high, Louise Cuming, head of mortgages at moneysupermarket.com, said;

"This is undoubtedly good news and we should be cautiously optimistic about its implications for the housing market. People are being enticed on to the housing ladder by historically low rates and decreasing house prices. Even if prices start to rise again and interest rates creep up, there is still a long way to go before we see the rates and asking prices of two years ago, so this trend could well continue.

"Indeed, moneysupermarket.com is seeing increased desire among borrowers to take advantage of the low fixed rates currently available. The fact that borrowers can buy the peace of mind that comes with knowing they can afford a mortgage for a specific period of time is certainly fueling these early signs of recovery."

- ENDS -

 

Download This Press Release

Download as RTF

Related Links

Related Resouces