New Mortgage Guides

Other Mortgage Guides

Mortgage Types

Mortgage Tools

Purchases continue to lead the UK mortgage market
Wed, 21 Jul 2010
New figures have revealed that six out of ten mortgages taken in June 2010 were for purchases.

According to the latest John Charcol mortgage index, purchase activity continued to maintain dominance over remortgaging, as it has done for the last 12 months.

Indeed, the only time when remortgaging has accounted for more business during the last year was in February, although this may be the result of the poor weather "keeping purchasers tucked up indoors than remortgaging proving popular".

Drew Wotherspoon, director of marketing at John Charcol, commented: "For those borrowers who are in a position to remortgage it would seem that they are waiting for some movement in bank rate, or at least some more definitive information as to when it will move.

"Whilst this strategy is understandable increasing numbers of borrowers could be considerably better off if they moved their home loan now."

Meanwhile, Paragon Mortgages PRS Trends Report revealed recently that nearly three times as many landlords reported that tenant demand was rising rather than falling during the second quarter of the year.

Link to this page

Copy and Paste the following HTML into your page.

Mortgage lenders

Browse mortgage lender offersMortgage Rates by Lender

  • Browse current mortgage offers from over 90 lenders.
Browse

Worried about mortgage repayments?Worried about Mortgage Repayments?

  • Join our petition to Government to bail out burdened individuals, not just banks.
Sign the petition

Free mortgage quoteFree Mortgage Quote

Apply Here

Mortgages in Scotland Mortgages in Scotland

Read More

Equity releaseEquity Release

  • Unlock equity in your home.
Apply Here

Switching mortgagesSwitching Mortgages

Read More

Home reversion plansHome Reversion Plans

Apply Here

Commercial mortgages Commercial Mortgages

  • Commercial property loans
  • Starting a business?
Apply Here

Arrears & CCJs?

  • Remortgages
  • Sub prime mortgages
  • Arrears, CCJs
  • Self certification
  • Debt consolidation
Apply Now

Protect your mortgageProtect Your Mortgage

  • 3 months free mortgage protection cover
Apply Now

Mortgage Newsletter