Million pound home sales at an all-time high
The number of property sales worth at least £1 million is at a record high according to research from Lloyds Bank.
There were 6,143 million pound property sales in this category during the first half of 2014 - equivalent to 33 transactions every day over the period.
The sales in the first half of the year represented a 46% increase compared to the same period in 2013 when sales totalled 4,198.
Sarah Deaves, private banking director at Lloyds Bank, commented: "Property values in prime locations have been boosted by growing demand from wealthy and often cash rich buyers from the UK and overseas, as well as a limited supply of such properties.”
More of the banks and building societies are looking to attract wealthier borrowers and there are some fantastically cheap rates available. Over the last few weeks many of the lowest mortgages have got even better.
If you would like help to secure a mortgage to purchase a million-plus property, call Trinity on 020 7016 0790.
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