The number of people applying for mortgages increased considerably in 2011, according to new figures from haart, the UK’s largest independent estate agent.
The company said it handled 21 per cent more loan applications for property purchase last year than in the previous 12 months, marking the biggest rise in applications since it began selling mortgages in 2001.
First time buyers accounted for over 37 per cent of these, while buy to let investors made up a further 18 per cent per cent.
The data also revealed an increase in the average value of mortgages applied for, rising 4.8 per cent to £126,524 on an average purchase price of £181,875.
However, the size of the average deposit put down by haart customers rose by just 0.3 per cent, which according to hart may reflect a possible change in lenders’ attitudes to deposits.
The estate agency added that it is currently processing 100 applications for home loans a day.
David Miles, managing director of haart Financial Services, said: "Whilst the overall conditions in the mortgage market remain challenging, it's great to be reporting some good news for house buyers."
"I'm very proud that we've been able to assist more people move into their homes in 2011, and we'll be looking for more of the same in 2012."
He added: "My message for the coming year is quite simple; lenders have money to lend, so whether customers are looking to buy for the first time, or moving to a new home, or investing in property on a buy to let basis, there are solutions available to make that happen."
"And, of course professional advice at an early stage is vital to establish whether these aspirations can turn into an affordable reality."
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