Lamport Bassitt Solicitors - Legal News - Mortgage lending set to drop


	LATEST LATEST LEGAL NEWS ARCHIVE		LATEST NEWS & EVENTS Mortgage lending set to drop Those seeking residential conveyancing services could find that their chances of securing a property loan are reduced in the next few months. That is according to Andy Pratt, chief operating officer at Alexander Hall, who suggested that the amount being lent by mortgage providers is set to fall before improving again in the autumn. Mr Pratt said that Council of Mortgage Lenders figures for August will have to be released before a better picture of the market is formed, but preliminary feedback suggests that there were fewer loans offered in the month. "There is always a good increase [around] September - there is stock on the market. Finance is going to act as a limiting factor, but I think that activity is looking better in September," he added. Ben Wilkie, editor for What Mortgage, recently said that those looking to secure residential conveyancing services might agree that the fortunes of the UK's housing market are closely linked with wider consumer confidence. Posted by Gaby Hamerton Related Articles: 30/3/2012 - EPC changes to affect buy-to-let landlords 27/3/2012 - Rent increases drive strong buy-to-let yields 27/3/2012 - Property industry welcomes 'sensible' planning reforms 2/3/2012 - Arla advises landlords to 'invest wisely' 1/3/2012 - Basel III could hit commercial property lending More Property Law News