"House prices grew by 0.2 per cent in October, according to the latest national survey by housing intelligence consultancy Hometrack today" (Planning on-line)
but,
"...Hometrack’s director of research Richard Donnell warned there is a marked slowdown in the rate of growth in the volume of new buyers registering with agents"
Hardly surprising if you read the survey results in an article in the business section of today's Press and Journal:
"...borrowers with small deposits were also being charged far higher rates than those with larger ones, as lenders priced in the extra risk involved in advancing money to these homeowners."
According to one comparison site:
"As a result, someone borrowing £100,000 on an average two-year fixed-rate mortgage with a deposit of only 10% to 20% can expect to pay about £98.51 more each month, or nearly £2,400 over two years, than those with a 40% deposit or equity stake."
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