Your home may be repossessed if you do not keep up repayments on a mortgage or any debt secured on it
Property market confidence grows |
|
Thursday, 17 September 2009 08:02 |
|
Cautious optimism continue to be the watchwords in the property market after a perceived increase in the availability of mortgage finance. According to new research from the Building Societies Association (BSA), access to a mortgage was considered to be a barrier to purchasing a home by just 49% of people, compared with 58% six months earlier.
Meanwhile, 58% of respondents agreed that now is a good time to buy residential property, with only 19% disagreeing. At the same time last year, only 34% of respondents agreed and 48% disagreed. "It is clear that home buyers are increasingly viewing the property market in a positive light as confidence increases in the market," said Paul Broadhead, BSA head of mortgage policy
|