Mortgages - from One Click Mortgages

Mortgage figures start to increase

The housing marketing may have reached the bottom as figures show an increase for the third month in a row. From the low in November of under 18,000 to over 28,000 mortgage loans offered in February. This may be good news for home owners, but there are also other worrying factors, that may effect the mortgage market.

A report has suggested that mortgage rates will have to remain at a higher rate over the next five to nine years because of the current finance situation and the fact that the market will be under tighter regulation by the Financial Services Authority.

There has also been a sharp rise in the take up of fixed rate mortgages according to Legal & General with the percentage of residential customers taking them out going up from 65% in the 4th quarter of 2008 to 72% in the first of 2009.

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