Good mortgage deals ’still possible’
Mortgage industry expert Julia Gleave, writing in a blog at Articlesbase, suggested that good new mortgage deals are available to borrowers with good credit records - people who might be interested in mortgages for professionals.
Total mortgage lending was at £4.3 billion in the six months to July 2008, compared to £4.8 billion the previous period, according to figures cited by Ms Gleave.
On the slight decrease, she commented that people might not realise that there are still plenty of new mortgage deals available on the market.
"For people with good credit records, securing a good new mortgage deal is unlikely to be a problem," Ms Gleave wrote.
Meanwhile, Gordon Brown has hinted that falling oil prices and the trend's downward pressure on inflation could lead to further coordinated base rate cuts among central banks, reports the BBC.
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