The Telegraph - Property buyers have just 28 days to secure a mortgage
The Telegraph reports property buyers have been left with just 28 days to secure their preferred mortgage after the average shelf life of a deal dropped to less than a month.
Banks and building societies have regained confidence in the country's economy and this has caused the number of mortgage deals available to rebound. Prospective borrowers can now choose from more than 4,240 loans, up from 2,810 in June last year, according to industry analyst Moneyfacts.
Aaron Strutt, at Trinity Financial, told The Telegraph: "Many of the mortgage rates are not available for as long as normal because the prices keep coming down. Some of the biggest lenders are improving their best deals a couple of times a week. As soon as one large bank makes a price cut, the others are not normally far behind."
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