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Banks are beginning to offer more loans to buy homes

By Staff Reporter

Published 09/04/2015

Mortgage availability is set to increase further in the coming months as banks and building societies have become more willing to lend to people with deposits below 10%, a Bank of England survey has found.

The Bank's latest Credit Conditions Survey, covering the first quarter of this year, found that demand from home buyers for mortgages fell in the first three months of the year, continuing a trend seen since the middle of 2014. The fall was the most significant seen since 2008 with some lenders attributing the recent falls in demand to affordability concerns.

Belfast Telegraph

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