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See below for full figures and tables
MONEYNET MORTGAGE DATA FOR MARCH 2005 AT A GLANCE
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AVERAGE PROPERTY VALUES
•Overall average property value was £205,518
•The average value of a property for a First Time Buyer (FTB) was £195,282
•Users looking to re-mortgage valued their property at an average of 249,322
AVERAGE MORTGAGE AMOUNTS
•Overall average mortgage amount required was £136,604, a 67% loan to value (LTV)
•FTBs were looking for an average mortgage amount of £130,518, a 67% LTV
•Those users seeking to re-mortgage their property required an average mortgage amount of £155,801, a 63% LTV
SALARIES
•The overall average salary of the main income earner was £38,818
•An average FTB's salary was £36,090
•Those users looking to re-mortgage had a main income of £44,292
•For two income households, the second salary averaged out at £23,199 for FTBs; £25,670 for users looking to re-mortgage.
Ends
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The following information is based on mortgage product search criteria provided by 5,400 randomly selected visitors to the Moneynet site for the period 01.03.05 – 31.03.05
APV = Average Property Value
AMA = Average Mortgage Amount
ALV = Average Loan to Value
OVERALL
Mar05 APV=£205,518 AMA=£136,604 ALV=67%
Mar04 APV=£197,723 AMA=£127,714 ALV=65%
Mar03 APV=£192,445 AMA=£121,476 ALV=63%
FIRST TIME BUYERS
Mar05 APV=£195,282 AMA=£130,518 ALV=67%
Mar04 APV=Â |
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