Peter Rollings commenting on the CML lending figures
"The CML lending figures for June paint a positive picture and 12 consecutive months of year-on-year growth in home loans shows the market is moving in the right direction. Buyers without a large deposit are still facing significant difficulties in securing a mortgage, but many buyers in the central London property market can afford to put down at least 30%, for instance, which is helping to maintain demand and boost activity.
"Speculation about rising interest rates is mounting in response to higher than expected inflation and more homeowners are now choosing fixed rate deals. However, the coalition government has stressed that low interest rates are crucial for economic recovery and it’s likely the base rate will stay low until at least the middle of next year."
For further information please contact: The Wriglesworth Consultancy Tom Urpeth / James Staunton 0207 427 1400 Marsh & Parsons has been part of the London property scene since 1856. The sales and lettings agent has 14 offices situated in prime positions across central, west and south London. They have an intimate and extensive knowledge of the area. Marsh & Parsons are an independent and professional firm with a 'can-do' attitude covering all aspects of residential property. They aim to establish individual relationships with clients through a business built on energy, agility, professionalism and knowledge. Their business aim is to be the agent who not only understands the local area around their offices better than any other agent, but also to be at the heart of the community.
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