Confidence in the property market is growing, with more people buying properties rather than remortgaging their existing home, according to figures from moneysupermarket.com.
The website noted a 20% rise in the number of searches for house purchase mortgages since January while searches for remortgages fell by a third at the end of August.
Moneysupermarket.com says the trend could be an indicator of increasing confidence in the property market.
Moneysupermarket.com believes there are encouraging signs people are returning to the housing market.
Hannah-Mercedes Skenfield, mortgage spokesperson at moneysupermarket.com says: "Our figures provide fresh evidence that appetite to buy a house is coming back into the market. Perhaps the public is becoming convinced that prices have stabilised."
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