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Posted: 25.11.13

Help To Buy Fuels Jump In Mortgage Applications

Help To Buy Fuels Jump In Mortgage Applications

This success is being attributed to Help To Buy, as the rise coincided with the introduction of the scheme’s second phase and represents a 59% jump year-on-year.

The figures from the National Mortgage Index – which analyses data from 800 estate agents and 500 mortgage brokers – also indicate a growth in the number of mortgage products available to consumers, reinforcing confidence in the housing market and fuelling the need for high-quality construction products.

According to Brian Murphy, the Mortgage Advice Bureau’s head of lending, “Spreading positivity about property purchases has visibly increased demand and spurred lenders across the market into bidding to win over consumers.”