The cost of mortgages rose again in August, according to new research.
Some 35 per cent more chartered surveyors reported a rise than a fall in mortgage prices for the month, the Royal Institution of Chartered Surveyors' study shows.
This is higher than July, in which 30 per cent more surveyors reported a rise.
Also, the number of buyers looking to find a mortgage also increased, with enquiries rising for the 15th consecutive month.
Furthermore, the number of buyers who took out a mortgage also increased, with newly agreed sales rising at the quickest pace since November 2005.
Ian Perry, spokesman for the Royal Institution of Chartered Surveyors, said: "Last week’s interest rate freeze will mean that the housing market will maintain its current positive momentum.
"Would-be buyers have been encouraged by a strong economic performance, but additional rises in interest rates before the end of the year could deter buyers as more pressure builds on personal finances ."
Mr Perry added mortgage affordability is 300 per cent worse than 1996, which will cause many first-time buyers to struggle when trying to find a mortgage.
The Council of Mortgage Lenders claimed earlier in the week that first-time buyers are now paying a higher portion of their salary to fund a mortgage .
Mortgage costs rise in August, study shows
Mortgage Quote Line
0845 108 0505
Mortgage costs rise in August, study shows
Fri, 15 Sep 2006
Recommended links
Mortgage information at your fingertipsFree mortgage quote
Mortgage providers - compare different lenders
An introduction for first time buyers
A directory of UK Mortgage Lenders
Portman cuts mortgage costs
Find a remortgage to cut costs, expert claims
Mortgage costs 'rise again'
Mortgage costs up, according to research
Mortgage costs cause stamp duty rise, figures show
Mortgage costs in October rise, study shows
Mortgage costs in consecutive rise
Mortgage holders told home information packs will cut costs
Property market pushes up costs for mortgage hunters, study shows
Cheap mortgages may have hidden costs
Removal costs overlooked by 92% of new buyers, mortgage study shows
New mortgages range with no upfront costs
Morse boosts mortgage costs, bank claims
Bigger mortgages, smaller costs, claims expert
First-time buyers facing higher costs, study shows
| mortgages news |
|---|
| Mortgage lender invites bids - Wed, 23 Jul 2008 |
| Mortgage fees up by 60 per cent, study shows - Wed, 23 Jul 2008 |
| New mortgage firm set for launch - Wed, 23 Jul 2008 |
| More News |
Mortgage Rates by Lender 
Free Mortgage Quote
Mortgages in Scotland
Equity Release
Switching Mortgages
Home Reversion Plans
Commercial Mortgages Arrears & CCJs?
Remortgages- Sub prime mortgages
- Arrears, CCJs
- Self certification
- Debt consolidation
Protect Your Mortgage