Remortgaging Approvals Rise Amid ‘Unusually High’ Housing Market Activity

Remortgaging approvals rise amid ‘unusually high’ housing market activity

Some experts believe mortgaged buyer demand will gradually pick up, heading into the autumn.

UK Mortgage Approvals Rise as Market Stabilizes After Tax Hike

The number of UK home loans given the green light rose to a three-month high in June, as the housing market continued to shake off the impact of April’s tax hike.

Mortgage borrowing on the rise as housing market activity strengthens

Property industry welcomes second consecutive monthly increase in mortgage lending as more relaxed rules boost activity.

Increase in net mortgage borrowing welcomed with cautious optimism by property industry | Today's Conveyancer

Bank of England monthly statistics show that net borrowing of mortgage debt by individuals increase by £3.1 billion to £5.3 billion in June. Net mortgage approvals for house purchases increased by 900, to 64,200, and approvals for remortgaging were up by 200, to 41,800 – the highest number of approvals for remortgaging since October 2022. The news was welcomed as a broadly positive sign by property and finance experts, with relaxed regulation an…

Mortgage borrowing increased by £3.1bn in June - Credit Connect

Latest Bank of England data has shown that net borrowing of mortgage debt by individuals increased by £3.1 billion to £5.3 billion in June, compared to a

UK mortgage approvals rise as buyers return after tax hike

The number of UK home loans given the green light rose to a three-month high in June, as the housing market continued to shake off the impact of April’s tax hike.