Mortgage approvals fall and free home valuation

January saw one of the sharpest falls on record for the volume of mortgages approved for property purchase in the UK, a whopping 17% decline. 

This is the lowest level of mortgage funding we have seen since May last year with a total of just fewer than 50,000 people in the January mortgage process.

In contrast to what some have predicted, Nationwide Building Society revealed that house prices dropped again during February 2010. This is the first decline we have seen since April 2009.

The fall in house prices and mortgage lending are both being blamed on the extreme winter weather we all experienced. It's believed that both factors combined acted to reduce demand.

If you are unsure whether to move or stay and improve why not find out what your home is worth today.

You can obtain a free online valuation for your property with no strings or catches. The most useful website are:

Nethouseprices.com
Houseprices.co.uk
Zoopla.co.uk

It is also possible to pay for an online valuation report although the data from these valuations can vary. One such service is provided by Hometrack.

For a no obligation mortgage quote from Loanz.co.uk - click the image below: