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Homeowner loans ‘may rise’ in 2010
Monday, February 1st, 2010The number of people seeking homeowner loans may rise this year, as research has revealed that many believe house prices will decrease no further.
Conducted by Unbiased.co.uk, the report indicated that three per cent are putting off buying property until prices have dropped, while 18 per cent believe they have bottomed out.
Chief executive of the company Karen Barrett noted that the past 12 months have seen consumer attitudes change and people are no longer "biding their time", waiting for costs to fall.
"They are now looking to buy and gathering the means to do so," she said, adding that Britons are also aware of "the importance of getting the right mortgage now more than ever".
Her comments come in the wake of a recent study by Woolwich of Barclays, which found that mortgages are becoming more affordable.
It was seen that the average monthly payment is now £497, a drop from the £607 recorded in December 2008.
By Sarah Adie
