This month’s best buy mortgage tracker from Hamptons International Mortgages shows that as a proportion of all lending, home purchasing dropped nearly 12% in the last six months.
Purchases fell by nearly 5% since last month, while home remortgages, have risen by nearly 9% since March and have increased almost 10% since August.Lack of confidence in the market in light of the Northern Rock crisis in August been suggested as a key factor leading to the decline in home purchase this month and potential homemovers may now be choosing to remortgage their existing properties
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