Hamptons Mortgages have released figures showing an increase in home purchase loan completions last month. The 11.49 per cent increase was largely fuelled by completions on Hampton’s best buy mortgage tracker, which accounted for 26.34 per cent of completions. Meanwhile, home remortgage loans increased by more than 7 per cent to 26.34 per cent last month.
In the wake of contradictory figures regarding the buy-to-let industry, Hamptons’ figures show a significant decrease in the buy-to-let market, with a 16 per cent drop in buy-to-let purchases and a 17.74 per cent fall in buy-to-let remortgages .
The figures also demonstrated the increased popularity of fixed rate deals, with a 4 per cent increase in 2 year fixed rate deals compared to a 21 per cent decrease in the variable equivalent.
Hamptons Reveal Increase in Loan Completions
Hamptons Reveal Increase in Loan Completions
Mon, 17 Mar 2008
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