7 May

Interest in home-buying 'growing'

Interest in home-buying 'growing'

More evidence that the housing market is currently at an affordable level for buyers has been given by mortgage broker Alexander Hall.

The company has suggested that there has been an upturn in people looking to take out home loans.

Andy Pratt, chief operating officer at the firm, said there are a number of positive patterns in the housing sector at present.

"The positive areas of the market are ... where there has been a pick-up in the number of applicants and the number of people that are interested in buying," he explained.

Mr Pratt added that this section of the market is showing "some very positive signs" ahead of the 2009 second quarter results and the rest of the year as a whole.

His comments follow an announcement by the British Bankers' Association last week, which revealed that 26,097 new mortgages were approved in March.

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