I don’t know whether it factors into these figures, but my fixed rate comes to an end in September. Since you can get a mortgage offer valid for 6 months, we got approved based on current rates. In theory we can let the offer expire if rates plummet.
Maybe a lot who would normally rent have looked at current costs and thought sheesh, may as well go for a mortgage and get something decent for my money.
I would imagine its just people who were holding off before now, due to the tory economy wrecking budget, getting a mortgage.
3 comments
I don’t know whether it factors into these figures, but my fixed rate comes to an end in September. Since you can get a mortgage offer valid for 6 months, we got approved based on current rates. In theory we can let the offer expire if rates plummet.
Maybe a lot who would normally rent have looked at current costs and thought sheesh, may as well go for a mortgage and get something decent for my money.
I would imagine its just people who were holding off before now, due to the tory economy wrecking budget, getting a mortgage.