Appetite coming back to the mortgage market, says

Date:Tuesday 8th September 2009
Author: Max Freedman

Consumers have got a fresh appetite for getting into the mortgage market, according to

Hannah-Mercedes Skenfield, mortgage spokesperson at the price comparison site, made her comments following the release of figures which showed that the number of people looking for a mortgage on the website has gone up by a fifth since January this year.

She suggested that the public may have decided that house prices had stabilised and that it was now time to get on the property ladder while asking prices and interest rates are low.

But she also noted that not all lenders have dropped their interest rates.

"Although many other lenders have barely recognised the dramatic fall in base rates and have kept their mortgage deals relatively expensive there are some good deals to be had."

The figures released by also showed that remortgage searches on its site had dropped by a third at the end of August.

This week, the company pointed out that First Direct's new mortgage products are not quite as positive as they seem because they are directly linked to the Bank of England's base interest rate.