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election to have no impact on market
According to latest figures published by Savills Private Finance, having a Conservative Government in power will have no effect on the mortgage market.
53% of Savills Private Finance clients said the change to a Conservative Government would have no impact on house prices and mortgage availability.
The survey also stated that the limited choice of mortgage products is the key reason for the majority of homeowners not remortgaging. At present, many are on their lender's standard variable rate (SVR) as a result of tough lending criteria and limited equity in their homes.
54% of homeowners say an increase in product choice or eligibility, rather than interest rates, would be a key factor in persuading them to remortgage.
