Guaranteed Rental Scheme | London property market enjoys strongest july figures

Guaranteed Rental Scheme | London property market enjoys strongest july figures

Analytics from United Kingdom chartered surveyor e.surv show that July 2013 was the strongest month of July by way of home buy lending because the start of the worldwide financial crisis that had crippled several main economies, including that of the U.K.

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Based on e.surv’s information, the month of July saw fifty six,475 house buy approvals; this was 21 % greater than the 46,796 approvals in July 2012, and the most effective July figures since July 2007. So far as put up-credit score crunch information go, it was “close but no cigar” for prime loan-to-worth lending, as that metric jumped fifty six percent year-over-year to a complete of 6,946 loans advanced last month, as compared to only four,446 of those kind loans in July of last year.

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Still, it was interesting to see excessive-LTV lending enhance so much in July; additionally, 12,989 loans on properties costing as much as £one hundred twenty five,000 in worth had been taken out last month, up from the ten,763 loans recorded in July 2012.

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