Private landlords may be interested to hear that one mortgage firm expects only a slow return of confidence to the lending market.

In news that is sure to be welcomed by those looking for rental income from their properties, mortgage broker Alexander Hall believes that people should not read too much into the recent increase in loan approvals.

Commenting on Bank of England figures that show an increase of 3,415 in the number or mortgages approved between May and June 2009, Any Pratt, chief operating officer at Alexander Hall, said "there is still not a massive amount of funding"available.

He predicted that any growth in the market is likely to be gradual as recent increases have not been minimal.

"We could well see over the next couple of months that they might drop down, but I would expect that the trend would continue to be slowly upward,"he suggested.

Written by John WeeksADNFCR-2002-ID-19289943-ADNFCR

Related posts:

  1. Rental market set to slow in 2009
  2. Mortgage lending by building societies ‘reaches highest point’
  3. Correction in mortgage lending ‘long overdue’
  4. New rental market survey published
  5. UK property market ‘over the worst’

Leave a Reply

You must be logged in to post a comment.