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Moneyextra: More people trying to find a mortgage

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Property prices have remained static, but people seem more intent on trying to find a mortgage, new figures show.

The mortgage calculator for comparison on Moneyextra's website last month searched for an average house price of �208,320. This is down slightly by �421 from October.

However, the average mortgage people sought on the website last month, amounted to a total of �127, 962, which is 1.22 per cent up from the previous month.

First-time buyers and remortgage customers also seem to appear to be returning to the mortgage market.

The website also reported that Nationwide Building Society remained the top mortgage lender for the 11th consecutive month, reports Mortgage Introducer.

Moneyextra's figures revealed that, unlike previous years when mutual mortgage lenders seemed to dominate best buy lists, only two mortgage lenders now appear in the top ten mortgage lenders tables for the year so far.

The value of completed mortgages rose to an average of �140,668.68 from October's �134,909.65.

Although moving up, these values are still below the average mortgage values of the summer.

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