Lamport Bassitt Solicitors - Legal News - Higher LTV mortgages predicted to increase


	LATEST LATEST LEGAL NEWS ARCHIVE		LATEST NEWS & EVENTS Higher LTV mortgages predicted to increase The residential property conveyancing market for first-time buyers looks likely to improve over the coming months as it is predicted that the number of higher loan-to-value (LTV) mortgages will rise. According to mortgage broker Alexander Hall, there is going to be an increase of 90 per cent in LTV deals this year. The larger volume of higher LTV products will help to create more competition, which will in turn lead to reduced mortgage rates and increased affordability for first-time buyers, explained Andy Pratt, chief operating officer of the firm. "There is a greater supply of higher loan-to-value mortgages," he said. "While you could say that it is just more of the same, they have all got slightly different criteria and slightly different views on risk, so it means that there is a greater choice for consumers. His comments come after e.surv reported last week that mortgage approvals rose sharply in March as LTVs reached a three-year high. Posted by Alex McLean Related Articles: 17/5/2012 - Discussing death remains taboo as wills and inheritance tax planning suffers 11/5/2012 - Queen's Speech legal reforms welcomed 4/5/2012 - Create Lasting Power of Attorney before it's too late 2/5/2012 - Support for will writing regulation grows 25/4/2012 - Inheritance tax planning could net �450m a year in savings More Individual Legal Services News