People planning to move home may be interested to learn that Abbey has increased its share in the housing market.

The bank has increased its cut of the market to 15.9 per cent throughout the first quarter of 2008, Reuters reports.

Explained as taking advantage of the current stringent lending conditions and the fact that its competitors have dropped many of their products, the Santander-owned company has stated that most of its new signings were for remortgaging products.

Net mortgaging for Abbey was £2.9 billion in the first three months of the year, which represents an increase of almost double that of the period from the previous year.

Santander chief executive Alfredo Saenz commented: "Our market share is more than 15 per cent which is more than our natural share because of the market conditions."

Meanwhile, HBOS has predicted that UK house prices are expected to fall by "mid single digits", according to Reuters.

When moving home it is useful to have good storage to protect possessions.


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