Your home may be repossessed if you do not keep up repayments on a mortgage or any debt secured on it

Mortgage applications up in 2011

 PDF Print E-mail
Written by mfuser   
Friday, 27 January 2012 11:47
Mortgage activity climbed higher in 2011, and the size of the loans applied for also increased compared with 2010, the latest National Mortgage Index compiled by Mortgage Advice Bureau has revealed. According to the data, the number of mortgage applications made in 2011 was up 21% on a year earlier, while the average loan size on the applications was 4.6% higher at £132,747. Meanwhile, the average deposit mortgage applicants put down in December of £59,375 was some 6.6% higher than in November and up 12.2% from December 2010. The average age of applicants in December was in excess of 39 years old, the highest level seen since the launch of the index.
Last Updated on Friday, 27 January 2012 11:47