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The table below represents applications and decisions in principle (DIPs) obtained during August 2013 by a selection of the industry’s most active loan distributors, providing an overview of finance availability and options based on the calculated monthly trends.
| Average LTV | Average rate | Average loan size | |
| Residential | 59.24% | 1.00% | £347,367.33 |
| Commercial | 56.83% | 1.29% | £268,958.33 |
| Development | 53.55% | 1.16% | £821,312.50 |
| 2nd Charge | 60.10% | 1.23% | £126,775.00 |
August saw little change in terms of achievable interest rates when compared with July’s figures. The highest variable was 0.1 per cent decrease on 2nd charges, whilst the other categories remained virtually unchanged.
LTVs held steady with a marginal average of 1.87 per cent difference between August and July’s corresponding values. Residential and Commercial loan values went up, whilst Development and 2nd charges took a slight dip.
Loan amounts in all categories decreased in August, with 2nd charges experiencing a 21 per cent lower average loan size on last month. Commercial loans were also knocked down to just under £270,000 from July’s £321,440.
