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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