So far 5,766 sales have been completed through the equity loan scheme this year, with the average selling price increasing from £188,000 to £206,000. Private completions increased by 9% from £205,000 to £224,000.
In a trading update via the London Stock Exchange the company state:
"We are operating in a balanced housing market, with sales rates in the first half of 2014 showing the benefit of the traditionally strong spring selling season.”
After several years where a weak economy has reduced the number of customers able to get a mortgage, we have seen market-led house price increases across all of our regional markets.”
Customer confidence remains good, with increased employment security and a more affordable and accessible mortgage market underpinning demand. Visitor levels are strong, even against high year-on-year comparators.”
