April mortgage lending up across the spectrum

Latest figures from UK Finance show mortgage lending in the UK increased considerably in April. There were some 26,700 new first-time buyer mortgages worth £4.4bn completed in the month, 3.5% more than in the same month a year earlier. Remortgaging also increased, with new homeowner mortgages up 36% to £7.5bn and buy-to-let remortgages up 32.4%. However, mortgages for second steppers were down 4.2% in the period to £5.4bn of new lending. UK Finance explained remortgaging activity bouncing back due to customers locking into attractive fixed-rate deals ahead of an anticipated interest rate rise.

City AM (14/06/2018)   The Times (14/06/2018)