Thursday 6 January 2011

Mortgage demand dip predicted by lenders

Demand for home loans is expected to fall in the coming months as the mortgage market continues to stagnate.

Lenders believe that demand for mortgages for house purchases will drop in the first three months of 2011 as people delay decisions to move.

The views are reported in the Bank of England's Credit Conditions Survey, with lenders also expecting the recent jump in remortgaging demand to stall.

Read the article here Mortgage demand dip predicted by lenders

Click here to read the full report The Bank of England's Credit Conditions Survey