Hot on the heels of our recent stories about movement in the mortgage market and more finance available to landlords, it looks like these green shoots were far more than one-off good news stories for property investors and other buyers.
First of all, the number of house sales and purchases seems to be increasing steadily. Over the last couple of days alone, the British Bankers' Association, Lloyds TSB and The Land Registry have published statistics for England and Wales. Whilst the individual numbers vary, all report an increase in mortgage approvals and the number of transactions.
According to the Council for Mortgage Lenders (CML), remortgaging figures are on their way up as well. The CML published its estimate for September which shows a near 10% increase on August. Having said that, remortgaging is still noticeably lower than it was this time last year. However, CML do expect the upwards trend to continue.
And in more upbeat news, Halifax has joined the ranks of banks and building societies who have recently dropped their mortgage interest rates for first time buyers and remortgaging, offering up to 90% LTV for first timers.
We've said it before in this blog - whilst the good news in the mortgage market have only spread slightly into the buy-to-let side of the market, they are showing a trend towards more choice in mortgage finance, which can only be good news.
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