Mort­gage bids on the de­crease

Yorkshire Post - Property - - PROPERTY -

MORT­GAGE ap­pli­ca­tions for house pur­chase were down 20.9 per cent in April, com­pared with March.

Re­mort­gage ap­pli­ca­tions also fell by 26.7 per cent.

De­spite the steep monthly falls, fig­ures for house pur­chase loan ap­pli­ca­tions were back to where they were a year ago.

Ac­cord­ing to the lat­est Na­tional Mort­gage In­dex com­piled by the Mort­gage Ad­vice Bu­reau and Lon­don bro­kers Coreco Group, mort­gage ap­pli­ca­tions in April were just 0.1 per cent down on April 2010.

The av­er­age loan size on mort­gage ap­pli­ca­tions in April was £124,328 com­pared to £127,546 in March, a de­crease of

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