People with capital who are looking for a new home can benefit from some "good deals" on mortgages, according to MyMortgageDirect.

Catherine Hearnden, director of the company, explained that those who had money saved up could find attractive offers on mortgages.

However, she added that those who lacked the necessary savings or finances to get a mortgage should not risk taking out a mortgage.

"It is all down to perception and confidence," Ms Hearnden added, shedding light on some of the challenges facing homeowners.

"There are people out there who want to move, but they are nervous about whether they are moving at the right time and whether they are going to experience a problem with house prices and that is why they are not moving", she said.

Her comments come on the back of figures recently released by the Bank of England, which showed that lenders expect demand for both prime lending and buy-to-let lending to fall, albeit slightly.
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