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Five year high for mortgage lending

Five year high for mortgage lending

The Bank of England has reported that September saw over 66,000 mortgages get approved, higher than the average over the past six months (58,473). The amount totalled to £15.6m, which is the highest gross amount lent since October 2008.

 

We expect this figure to rise even further as the Help to Buy scheme gets into full swing. Combined with the fact that mortgage rates are at an all time low, the market looks to be moving from strength to strength.

 

To buy or sell a property in Southampton give Martin and Co Southampton City a call on 02380 988881. We have a number of services that can be tailored to your needs to ensure you are fully satisfied.