London is seeing more demand from large deposit buyers says Robert Sexton

August 24, 2017

Comment from Richard Sexton, director at e.surv, on the UK Finance Regional Mortgage Trends.

“Some parts of the country prove to be more fruitful for small deposit buyers, particularly Northern Ireland. Our own Mortgage Monitor data echoes this, with latest numbers showing they count for over a quarter of lending in the nation as well as in the North West and Yorkshire. At the other end of the spectrum, London is seeing more demand from large deposit buyers, where 41% of all mortgages granted in the region are to those with a large deposit.

“Although buyers don’t make the decision on where to live based on the chances of their mortgage being approved, these significant regional differences have an effect on first time buyers. To ensure a more fluid housing market across the country, the Government must fulfill its promises and addresses the lack of accessible housing throughout the country.”

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

You May Also Enjoy

Breaking News

Tenants and landlords must be aware of new electrical safety standards in Northern Ireland

Propertymark has urged tenants and landlords in Northern Ireland to be aware of new electrical safety standards that begin on 1 April 2025.   On 19 November 2024, the new regulations were approved by the Northern Ireland Assembly in response to a public consultation throughout September 2023.   From 1 April 2025, the regulations introduce the responsibility for…
Read More →
Countryside
Breaking News

End to rent adjudication measures in Scotland

Letting agents across Scotland will welcome the news that the temporary rent adjudication measures end on 31 March 2025. The Cost of Living (Tenant Protection) (Scotland) Act 2022, which temporarily protected tenants by controlling rent, limiting evictions, and setting up rent review measures, ended on 31 March 2024. However, some of these measures were extended…
Read More →
Breaking News

Propertymark comments on Stamp Duty threshold changes

Commenting on the Stamp Duty threshold changes commencing from tomorrow, 1 April, Toby Leek, President of NAEA Propertymark, the leading professional body for estate agents, said: “There will be many people completing on the sale of their home today to save potentially thousands of pounds from tomorrow onwards. “Some will also be disappointed that they…
Read More →
Rightmove logo
Breaking News

Rightmove comment on mortgage market and mortgage rates update

Matt Smith, Rightmove’s mortgage expert says: “As stamp duty deadline day arrives, average mortgage rates have remained steady since last week’s Spring Budget and unexpected drop in inflation rate. The lowest available mortgage rate is still a 2-year fixed deal at 3.86%, for those with the largest deposits, as the short-term outlook for rates remains…
Read More →
Breaking News

Surging rents for students – one of many ‘unintended consequences’ of the Renters’ Rights Bill

In London, there are brand new high-end developments at Kings Cross that are used by many students. But a London-based landlord tells Propertymark that though many of their student renters have never defaulted, they do have concerns about the unintended consequences that the Renters’ Rights Bill could have on the student lettings market. “It is…
Read More →
bank of england interest rate
Breaking News

Bank of England Money and Credit Report – February 2025

Overview These monthly statistics on the amount of, and interest rates on, borrowing and deposits by households and businesses are used by the Bank’s policy committees to understand economic trends and developments in the UK banking system. Key points: Net borrowing of mortgage debt by individuals decreased by £0.9 billion, to £3.3 billion in February,…
Read More →