New reports claim that the UK housing market continues to experience a slow down and that it is the weakest february for five years.
There are continuing signs of weakness in housing market activity. The number of mortgage approvals in the last three months of 2007 was 35% lower than during the same time a year earlier.
It has now been reported that a third of lenders have now stopped offering 100% mortgage deals meaning first time buyers are now having to wait until they have a sufficient amount to put down as a deposit on a house.
With confidence at a low and less first time buyers entering the housing market people selling their house are finding it harder than ever to achieve a quick house sale and are now looking at other options other than waiting for a buyer through the market.
