Mortgages still 90% down on 2007
There is mixed news for potential house buyers looking to secure a home loan according to moneysupermarket.com.
Its data has revealed the number of available mortgage products for consumers to choose from has broken the 3,000 barrier for the first time since July 2009 when the market was at its lowest, an increase of 42 per cent.
However, people considering looking for property to rent in London were told that the figures remained 90 per cent down on the industry's peak of June 2007, when potential buyers could peruse through more than 28,000 offers.
This follows data from the Council of Mortgage Lenders showing that home loan lending fell back in April to £10.2 billion, the lowest figure of any April since the year 2000.
News that mortgage choice is still 90 per cent lower than at its peak may encourage more potential househunters to consider looking for property to rent in the London borough of Harrow or elsewhere in the country instead.
By Charles Mackay
Published 7th June, 2010
© 2010 Estates IT Limited
London Rental Property News By London Borough / Category
Latest London Property News Headlines
Enfield £1.3bn masterplan unveiled
A masterplan has been unveiled that will see a 200-acre site in Enfield regenerated as part of a £1.3 billion plan.
Read Article ... Published on 23rd May, 2012
Londoners encouraged to grow their own fruit and veg
People in London are being encouraged to grow their own fruit and vegetables.
Read Article ... Published on 22nd May, 2012
Merton 'embraces green improvements'
Merton is now a cleaner, greener location to live in thanks to the implementation of the Wandle Valley Low Carbon Zone (LCZ).
Read Article ... Published on 22nd May, 2012
London house prices rise by 1,782% in past 35 years
London house prices have increased by 1,782 per cent in the last 35 years.
Read Article ... Published on 21st May, 2012
Poplar's Chrisp Street to get £100m regeneration
Some £100 million is to be spent regenerating the Chrisp Street area of Poplar in Tower Hamlets.
Read Article ... Published on 21st May, 2012
Putney community hall gets £150k refurb
Newlands Hall in Putney Vale, Wandsworth, has reopened after undergoing significant refurbishments.
Read Article ... Published on 18th May, 2012
Harrow cycling and walking routes improved
Extensive improvements have been be made to the cycling and walking routes in Harrow.
Read Article ... Published on 17th May, 2012
Norwood Park gets outdoors gym installed
An outdoor gym has been installed in Norwood Park in an effort to encourage more people to take up exercise.
Read Article ... Published on 16th May, 2012
Brixton to benefit from £75m regeneration
An estate in Brixton is to be improved thanks to a £75 million development project.
Read Article ... Published on 16th May, 2012
Olympic concerts to be held at Hyde Park
A series of Olympic-themed concerts are to be held at Hyde Park.
Read Article ... Published on 15th May, 2012
Although the number of mortgage products available to buyers exceeded 3,000, expert indications that figures are still 90 per cent down on 2007 may persuade more people to look for property to rent in the London borough of Harrow or elsewhere in the country.