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Fall in mortgages rates over last 12 months provided boost to the housing market

11 February, 2013

According to a study by LSL Property Services, the fall in mortgage rates over the last 12 months has provided a boost to the housing market.

Research by the company suggested that the average house price in England and Wales hit £227,478 during January, a 3.1% rise on the same period last year.

According to LSL, market conditions are certainly improving with cheaper funding, thanks to a combination of the Funding for Lending Scheme and an improvement in investor confidence.

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Censeo Limited is an appointed representative of PRIMIS Mortgage Network. PRIMIS Mortgage Network is a trading name of First Complete Ltd which is authorised and regulated by the Financial Conduct Authority for mortgages, protection insurance and general insurance products. Censeo Limited is registered in England and Wales, company registration number 06453977, the Registered Address 11b Newton Court, Pendeford Business Park, Wolverhampton, WV9 5HB.

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