Debt Advisers Direct is a trading style of Freeman Jones and part of the Think Money Group. We have over 15 years' experience helping people in debt and won numerous awards.
People still want to take out mortgages, despite the recent financial troubles, but how long that situation lasts "remains to be seen", according to an industry expert.
First Direct`s recent decision to stop selling mortgages due to overwhelming demand has shown that people still want home loans - and lenders can afford them - despite the recent months of financial uncertainty, Moneywise stated.
However, if the current conditions continue, the outlook for the mortgage market could become bleaker, editor of the publication Rebecca Atkinson said.
She added: "Demand is still there, but it`s not there as much. People still do want mortgages, but how long that will last remains to be seen."
New figures from the Council of Mortgage Lenders have shown that levels of mortgages secured for house buying reached its lowest level for 16 years in February. <
