House purchase loans outnumbered remortgage loans by 9 to 1 reported Spicerhaart Financial Services.
The upward trend of house purchase loans is an extremely encouraging sign that the property market is beginning to pick up.

The Nationwide’s house prices survey reveals that property prices rose for the fifth month in a row in September.
In the last three months, prices are up 3.8% but house prices remain 13.5% lower than their peak in October 2007. The average price of a home in the UK now back to the same [...]

 
Interesting data released by the Financial Services Authority (FSA) shows that lenders have pledged £38bn in new mortgage lending.
This is £10bn more than was pledged this time last year. Lending for house purchase now accounts for more new lending than remortgages for the first time since late 2007, the FSA says.
In Quarter 2, House [...]