The average value of mortgages completed by AWD Moneyextra customers dropped by 6.68 per cent between June and July to £137,591.65. There was also a fall of 5.76 per cent on the average agreed mortgage value in July 2005 of £145,944.69. The average value of loans completed during the first seven months (Jan-July 06) was £141,797.56.
The average mortgage comparison carried out in July on Moneyextra.com was £137,255.161, up just £1,594.24 or 1.18per cent on June’s £135,660.92. However it was still up 9.34 per cent on year-ago levels and up 25.04 per cent on July 2004.
The average property value searched against on Moneyextra.com by those people looking to compare mortgages fell by £2719 from June to July but was still up 2.46 per cent over the last 12 months to £214,529 and up by 9.37 per cent since July 2004.
Nationwide Building Society continues to hold its position at the top of the table for most popular mortgage lender – a position it has held for the whole of 2005 and the current year so far.