Capital Economics have anticipated that the housing market will start to become more buoyant in 2012.
This is due to the credit score to obtain a loan easing slightly and the loosening of credit availability. Banks are starting to lend at 3.5 times borrower earnings, this is up from a low during the crises of 3.2 times the amount of earnings. They are also loosening the loan-to-value ratios (LTV), which Capital Economics describes as “the clearest sign yet of an improvement in mortgage credit conditions.”
At Intercounty we have had a very busy start to the New Year, taking on new property, if you are thinking of investing in the property market, perhaps you are paying a high rent then why not get in touch with one of your local branches we would be more than happy to help, and you would be able to speak to one of our mortgage advisors to discuss your purchase options and to view the homes we have available in your area.