If you’re asking yourself ‘how do I go about selling my house quickly‘, you may be interested to hear that mortgage payments in October 2011 hit their most affordable levels since 2004.
This is according to statistics published by the Council of Mortgage Lenders, which said low interest rates are helping to ease the financial pressure on homeowners.
However, it added that the housing market was slowed somewhat by the large deposits still required by people buying a property for the first time, which hit around 20 per cent.
CML director-general Paul Smee said it is possible that there will be a rise in mortgage lending in the early months of next year as people rush to take advantage of the reduction in stamp duty.
“The underlying picture of the market overall, however, is level, albeit at low levels of lending activity,” Mr Smee added.
December 16, 2011 at 3:52 pm | Uncategorized |
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