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.

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