Quarter of house purchases in 2012 above 250,000 GBP

Ian Wilson, head of sales at Halifax Intermediaries said: “It is no surprise that a large proportion of purchases above ¬£250,000 are in Greater London and the South East. Traditionally we generally see a spike in clients reviewing their finances in the first quarter of the year, with this year being no exception.

“High-value mortgages can be quite complex, with borrowers having multi-faceted¬† income streams, with bonuses, business profits and investment income often forming part of the overall income picture.¬† Due to the nature of these types of cases, lenders need to be flexible and understanding of the requirements of brokers and their clients and provide a knowledgeable specialist team to support them.”

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