19 Jan

Mortgage figures 'good news for house buyers'

Mortgage figures 'good news for house buyers'

The passing of a mortgage products milestone last week should be welcomed by those seeking property for sale in Manchester and elsewhere, it has been suggested.

Mortgages channel manager Hannah-Mercedes Skenfield of moneysupermarket.com said it is "good news for buyers" that 2,500 mortgage deals are available for the first time since May 2009 and noted that the growth in the number of products appears sustainable after three successive monthly increases.

"Passing the 2,500 barrier does suggest that those looking for a mortgage are finding more and more choice - and where there is choice, there is competition," she commented.

Ms Skenfield added that while there is still a long way to go before the market returns to pre-recession levels, when there were more than 30,000 mortgages available, the figures show that the UK is "moving in the right direction".

Her remarks follow the predictions she made for 2010 at the end of last year, when she indicated her belief that the mortgage market will be similar over the next 12 months to how it was in 2009.ADNFCR-1222-ID-19564610-ADNFCR

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