|
|
| MORTGAGE GROWTH SHOULD FUEL CONFIDENCE IN HOUSING MARKET |
| |
Award-winning national estate agency network Sequence is urging those looking to move home or buy a property for the first time in 2010 not to be put off by the belief they won’t get a mortgage. According to Sequence, the number of mortgage products on the market has increased substantially so now is a great to time to discuss your buying options.
Figures from leading mortgage technology provider Mortgage Brain show the number of mortgages available had gone up by just over 50 per cent by the end of the first quarter of 2010 when compared to the previous year. Mark Lofthouse, CEO for Mortgage Brain, which analyses mortgage product availability, explains: “Although the number of mortgage products available has fluctuated, there has been an upward trend in the market so that there are now over 1,500 more products on the market from lenders than this time last year. Indeed, mortgage product numbers have increased in nine out of the last ten months.”
“This is great news for anyone looking to move this year” says Greg Woodhams, National Mortgage Services Director, Sequence. “Getting a mortgage has clearly been a major stumbling block for buyers over the last couple of years as lenders previously reduced the number of mortgages they offered and increased their loan-to-values. Whilst mortgage providers still require at least 10 per cent deposit on a property, the number of products available has increased so buyers have more options when it comes to getting their dream home.”
Sequence has seen increased confidence in the housing market since the start of 2010. Access to a greater number of mortgages should improve confidence even further as the housing market continues to grow this year.
- ends -
Further information:
For further information and photography, please contact the press office on 01525 215419 or email Julia Brook, Group PR Manager: Julia.brook@sequencehome.co.uk or Christine Webb, Group PR Executive: Christine.webb@sequencehome.co.uk
Notes to editor:
Sequence (UK) Limited is an Appointed Representative of Connells Limited who are authorised by the Financial Services Authority for the advising and recommending of regulated mortgage contracts and general insurance contracts. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
About Sequence:
Sequence is a wholly owned subsidiary of the Connells Group. Together, Connells and Sequence make up the second largest estate agency network in the country with almost 500 branches. The Sequence national network comprises over 290 branches trading under 11 well-known, local names. As well as residential sales, Sequence offers a mortgage service and has a network of residential letting offices and land and new homes centres. It also offers a nationwide asset management service and is the UK’s largest residential property auctioneer. For more information, visit sequencehome.co.uk
Sequence trades under 11 well-known, local names:
Allen & Harris West, South Wales and Scotland
Bagshaws Residential East Midlands
Barnard Marcus Within the M25
Brown & Merry Home Counties
Fox & Sons South Coast
Jones & Chapman North West
Manners & Harrison North East
Roger Platt Home Counties
Shipways West Midlands
Swetenhams North West
William H Brown Home Counties, East Anglia, East Midlands and Yorkshire
About Mortgage Brain Limited• Mortgage Brain Limited is the most widely used and preferred provider of point-of-sale, compliance, mortgage sourcing and electronic trading products and services for mortgage intermediaries.
• MBL Holdings, formed in 1986, is jointly owned by Abbey (Including Alliance & Leicester), The Lloyds Banking Group (including C&G, Halifax, Bank of Scotland, Lloyds TSB Scotland, Intelligent Finance, Birmingham Midshires), Nationwide (including The Mortgage Works), Northern Rock, Royal Bank of Scotland (including NatWest) and Barclays Woolwich.
• The consortium of six owners, together with their subsidiaries, collectively account for in excess of 65% of the new business mortgage market within the UK.
• MBL Holdings currently has over 26,000 users of its products and services.
• Mortgage Brain is a Microsoft Gold Certified Partner.
For further press information, please contact:
Damion Clark at the Mortgage Brain Press Office.
Tel: 01223 492130 or 07789 911314
Email: damion@realpublicrelations.com
For all other enquiries, please contact:
Mark Lofthouse, CEO of Mortgage Brain.
Tel: 01527 557203 or 07776 143 056
Email: mark.lofthouse@mortgage-brain.co.uk
|
| |
|
 |
