A shortage of mortgage products has contributed to a fall in the number of home sales being completed, it has been claimed.
According to the National Association of Estate Agents (NAEA), the number of houses up for sale decreased for the first time in four months.
The association's market report for June showed that the average number of sales completed per estate agency branch dropped from eight in May to six.
NAEA president Michael Jones commented: "It's encouraging to see that increasing numbers of buyers have entered into the market.
"There is clearly demand for property at present but these figures suggest that the banks are still being restrictive in their mortgage lending policies to buyers."
In contrast, David Hollingworth, at Bath-based broker London &Country Mortgages, claimed recently that mortgage seekers are continuing to benefit from the Bank of England's decision to leave the base rate at a record low level.
Mortgage shortage blamed for housing market slowdown
Mortgage Quote Line
0845 108 0505
Mortgage shortage blamed for housing market slowdown
Fri, 16 Jul 2010
Recommended links
Mortgage CalculatorMortgage rates
Shared property
Shared ownership
Right to Buy Mortgages
shared equity mortgages
Mortgage approvals halved in January 2010
Mortgage approvals fall sharply
Drop off in mortgage approvals during January
Two-year high for mortgage approvals, but 2009 low
Base rate decision meets with approval
Mortgage approvals increase
Rics welcomes rise in mortgage approvals
Mortgage approval rate hits two-year November high
Mortgage approvals hit highest level since 2008
UK mortgage approvals highest of the year
BSA sees mortgage approvals rise
18 month high for mortgage approvals
Mortgage approvals by banks continuing to rise
Mortgage approvals rise again
Future mortgage approval drops predicted
Mortgage approvals on the rise
Mortgage approvals at thirteen month high
Mortgage approvals increase
Approvals for mortgages climb
Mortgage approvals up in February
missold mortgage claims
Payment protection insurance - PPI
equity release mortgages
| mortgages news |
|---|
| Yorkshire Building Society makes mortgage more accessible - Thu, 02 Sep 2010 |
| Lloyds TSB launches new fixed-rate mortgage - Thu, 02 Sep 2010 |
| Skipton launches new mortgage range - Wed, 01 Sep 2010 |
| More News |
Mortgage Rates by Lender 
Worried about Mortgage Repayments?
- Join our petition to Government to bail out burdened individuals, not just banks.
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