Tue 23 Oct 2012

Article image logo

NewBuy boost expected

Bob Pannell, Chief Economist at the CML noted on house-builder.co.uk that "House purchase activity continues to be a little above year-earlier figures but the housing numbers are far from strong." He went on to say that: "We expect to see stronger take up of NewBuy over the coming months, helped by a concerted marketing effort by builders and the recently launched Funding for Lending scheme which has prompted reductions in NewBuy mortgage rates. Both factors should stimulate buyer interest."

Property Search