(1888PressRelease)
September 19, 2009 - London (Online Unsecured Loans) - The noticed rise in the availability of mortgage finance boosts hope in the property market, according to the Property Tracker Survey of Building Societies Association (BSA)
The survey exposed that taking out mortgage loans was viewed as a barrier to buying households by just 49% of people. In comparison with the last months survey results, 55% in June and 58% in March it is a positive trend towards the mortgage finance.
The survey also revealed that 58% of respondents believe that it is right time to purchase property,communicating that the respondents are looking for an expected property price to rise by 1.6% in the next year.
Yet, lack of job security still remains to be a major barrier on the way to property purchase. As it is anticipated that the unemployment rate will further step ahead next year, people are not much confident to make rush to purchase property
Commenting on the findings of the survey, Paul Broadhead, Head of Mortgage Policy at the BSA, said: “It is clear that home buyers are increasingly viewing the property market in a positive light as confidence increases in the market.
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