9 Mar

More mortgages available, expert notes

More mortgages available, expert notes

The number of mortgage products available in the UK has risen, it has been pointed out.

Commenting on the subject, editor of What Mortgage Ben Wilkie said there is rising confidence in the market.

This means that those seeking flats for sale in Manchester, as well as other homes across the country, have more finance options available to them.

Mr Wilkie stated: "I think there's a bit more confidence in the market; the housing market seems to be back on a slightly more even keel [and] there's bit more confidence to mortgage companies."

They are realising they have to be more flexible with their loan-to-values in order to attract consumers, he added.

The expert's remarks were made in the wake of the release of figures by Moneyfacts, which revealed that availability of lower deposit mortgages has nearly doubled year-on-year in March.

At the start of the month, there were 1,798 deals requiring deposits of between zero per cent and 40 per cent.
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