View more on these topics

Mortgage activity hit by Wimbledon and World Cup, says Moneyextra

Hopes of a rise in mortgage market activity in July were dashed while house hunters watched Wimbledon and the World Cup in June, says Moneyextra.

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.

Recommended

This week in Investment

Royal London’s new Riley investment bond product is designed to give investors the option of investing in a passively managed FTSE 350 tracker or picking an actively managed 350 fund while building in the flexiblity for the investor to pick or choose their respective level of exposure to both.While the name of the new product […]

Defaqto executives could face fight to secure MBO

Members of Defaqto’s executive team look set to battle for control of the technology firm after receiving a 5m bid from a third party. The executive team are understood to be planning a management buyout, which is said to be imminent. International venture capital firm 3i has a 34 per cent stake in the business […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com