Online
mortgage applications have soared by 17 per cent last month, a new survey found.
Research by Charcolonline found that
buy to let mortgage customers are also increasingly turning to the internet to find the best deals.
The online
mortgage broker also found that
online mortgage applications by
first time buyers showed a slight decline from 15 per cent to 11 per cent.
This figure is still however higher than the ten per cent average of first time buyer deals clinched online over the last six months.
The fact that first time
buyers look "a little shy to buy" further accentuates the good market for rentals, commented John Charcol's PR manager Drew Wotherspoon.
"Combine this with a still sluggish
property market and it makes for an excellent environment for the canny
buy to let investor," Mr Wotherspoon added.
"Buy to let, after all, is about yields and profit, so arranging a mortgage online makes logical sense. We are dealing with experienced professionals who know and follow the market, so I am not surprised that a greater proportion are going online to arrange finance."
