Reasons to be cheerful
Over 1,500 mortgage schemes were introduced into the UK mortgage market in August indicating the biggest monthly increase in over 20 months, according to a monthly product survey from Mortgage Brain.
The Mortgage Works (TMW) has extended its buy-to-let range to offer landlords greater choice and flexibility.
The number of borrowers is up although the size of mortgages requested is levelling off, according to Leadbay's managing director Grant Stevens
Other Reasons to be cheerful articles
Britons are continuing to invest heavily in their homes despite continued reports of challenging economic conditions, according to Sainsbury's Finance.
UK consumer confidence jumped in August according to an official poll, despite the government's austerity drive and fears a double-dip recession could be around the corner.
The number of house sales rose 0.9% in August following two months of declines, according to Agency Express.
The number of new tenants signing up for rental property soared to an unprecedented 50,480 in the second quarter of 2010, according to the UK’s largest lettings agent Countrywide.
International estate agency and property group Savills has returned to profit on the back of a housing market recovery in London and the ongoing Asian property boom.
Buyer instructions and completions have increased, according to conveyancers, although remortgaging levels show no change.
Northern Rock plans to slash its application fee from £250 to £99 for home buyers from Monday next week.
Government data shows the number of new housing projects in development are at the highest level in two years.
Kensington has enhanced its residential mortgage range by increasing its maximum loan size, raising its LTV limit and cutting rates with immediate effect.
Coventry Building Society has reported pre-tax profits of £43.5m for the first six months of the year, up 20% on the same period of 2009.
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