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6th Jul 2009
Mortgages for Business sees 41% business increase
Mortgages for Business sees 41% business increase
Mortgages for Business has seen a 41% increase in new mortgage cases since January, which it attributes to an upturn in the number of property investors returning to the market.
Commercial mortgage transactions show the healthiest signs of improvement with the number of new cases more than doubling over the first six months of the year.
David Whittaker, managing director of Mortgages for Business says: “The fact that we’ve witnessed such a rise in mortgage cases over this six month period shows that confidence is growing in the market. The buy-to-let sector is particularly competitive and landlords don’t want to let any opportunities pass them by as house prices slowly bottom out.
"There are also the first glimpses of a shift in the commercial sector, with enquiries and cases on the increase. This is significant as the commercial property sector has suffered horrendously over the past two years, but, we appear to have turned a corner.
With the number of mortgage cases gaining momentum it is clear that banks are open for business and willing to lend, as long as the numbers stack up." |
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