Busiest February for mortgages in over a decade

February saw 50,000 mortgages handed to first-time buyers or home movers, according to figures from UK Finance. This marks the highest level for a February since 2007. The £5.3bn of new lending in the month was 1.9% more year-on-year. There were 25,200 new first-time buyer mortgages completed in February 2018, up about 2.4% from the same month in 2017, and 35,400 new homeowner remortgages, an 11.3% increase on February last year. The month saw 24,800 home mover mortgages completed, the same as a year earlier.

Daily Mail (17/04/2018)