

The mortgage market had seen a rise on the amount lent by 15% in march 2009 creating speculation of a recovery from the recession. This talk was soon rubbished when the latest figures for April 2009 suggested otherwise. Mortgage lending during the month of April fell 9% to just £10.4 billion, over 60% lower than the amount lent during April 2008.
Experts claim rising unemployment, pay and bonus freezes, the prospect of the continuing fall in house prices as well as the large deposits wanted by mortgage lenders are putting prospective house buyers off.
There was however good news for those looking for a mortgage. The Bank of England suggested the current interest rates will stay low well into 2010.
If you are looking to make the most of these cheap interest rates while they last and want to know how much a mortgage will cost you then complete the form and one of our expert advisors will call you back!