BUYERS HOMING IN ON NEW MORTGAGE DEALS; Number taking out loans rockets.THE number of mortgages taken out in March jumped by 29 per cent - a further sign of a pick-up in the housing market. A total of 31,000 mortgages were agreed, up from 24,000 in February February: see month. , although the figure was still 33 per cent lower than March last year, the Council of Mortgage Lenders The Council of Mortgage Lenders is an industry body representing mortgage lenders in the United Kingdom. Its members consist of banks, building societies and specialist lenders and represent 98% of mortgage lending in the UK. said. There was also a steep rise in the number of first-time buyers, with 12,500 making up 40 per cent of all loans - the highest proportion since April 2005. Fastest Lenders said the figures added to growing evidence that activity in the housing market had passed its low point. Earlier this week, the Royal Institution of Chartered Surveyors | The Royal Institution of Chartered Surveyors (RICS) is an independent, representative professional body which regulates property professionals and surveyors in the United Kingdom and other sovereign nations. said inquiries from potential buyers rose at their fastest pace in almost a decade last month. But sales levels still remained low, with the average estate agents selling just 10.6 properties in the past three months.. |
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