Personal Finance News

01/11/12 - Money advice in increasing demand, says study
31/10/12 - Payment barriers exist for disabled and older people, says study
31/10/12 - Gender differences apparent when financial planning
31/10/12 - Half of Brits shop with a basic credit card, says study
30/10/12 - Number of Brits sitting on forgotten direct debits - 2.68 million

News archive

News

05/10/2009 13:24:59

'Purchases, not remortgaging' driving property market

The mortgage market is being mainly driven by new purchases as opposed to remortgaging, one industry expert claims.

Robert Sinclair, director for the Association of Mortgage Intermediaries (AMI), points out that recent months have seen a decline in remortgaging activity as many homeowners are often finding the default rate they have gone on to following the expiry of their last deal is more competitive than the fixed rates currently available.

"There is more volume being driven through the purchase market than the remortgage market," the AMI director states, adding that the latter is being partially constrained due to a lack of lender finance.

Furthermore, he claims that consumers are taking a much more cautious approach towards how much money they borrow.

Such comments follow research by the Council of Mortgage Lenders revealing that a total of 41,000 remortgage loans were approved last July.

Although this is a 21 per cent increase from June, it is some 53 per cent below that seen in the same month in 2008.

Your Financial Adviser	General Financial Planning	Investment & Saving	Retirement Planning	Personal Insurance	Mortgages & Loans
Find An Independent or Restricted Financial Adviser	Why financial planning and your financial planner is important	Get Investment Advice and Make the Most of Your Money	Financial Retirement Planning for your future with a financial adviser	Personal Financial Insurance Advice for you and your family	Borrowing and Repaying Money: Mortgage, Debt and Loan Advice
What to expect from an FSA authorised financial adviser	Plan with the help of a financial advisor to achieve your financial goals	Investments Advice and Money Savings Advice	Get Retirement Advice – Take action to enjoy life after work	Life Insurance Advice – Preparing for the unexpected	Mortgage advice from your adviser – How mortgages work
Financial Risks, Financial Planner Qualifications and the Financial Adviser	Importance of Financial Planning	Savings Accounts and Saving for The Future	Saving for Retirement – There are a variety of ways to save	A range of different insurances	Credit Advice – How much can you borrow
Find A Financial Adviser	Strategic Financial Planning in Your Twenties	Shares, the Stock Market and Property Investing advice	Pensions Advice – Existing pension plans	Health insurance Advice	The different types of mortgages
	Financial Planning Priorities in your thirties	Different types of investment	When to retire? Practical ways to secure comfortable retirement	Review Your Insurance and Protection Plans	Understanding mortgage fees and charges
	Refining your finance planning in your forties	Prioritising your investment strategies and goals	Pension Advice from an Financial Adviser	Getting help from a local financial adviser or financial planner	New mortgage, Remortgage or buy to let – Mortgage advice to suit you