Mortgage demand increase at six-year high

10th January 2014

The Bank of England’s quarterly credit conditions survey has revealed demand for UK mortgages has risen at its fastest pace for six years, fuelled by promotions from the lenders, along with the government’s Help to Buy scheme.

However, the rise in mortgage availability and demand comes from a very low base with annual growth in net mortgage lending at less than 1% in November, whereas between 2001 and 2007, annual growth rates hovered between 10 and 15%, according to BoE data.

Source:   Daily Mail