18 Apr

UK mortgage activity on the rise throughout Q1

UK mortgage activity on the rise throughout Q1

In the early period of 2013, it has been reported that the mortgage market is starting to pick up significantly, with the Council of Mortgage Lenders recently giving positives like the 17 per cent increase in first-time buyer loans recently.

This has been continued in the latest report from the Mortgage Advice Bureau, which stated that the mortgage activity - which includes new loans and remortgages -  has increased by a full 25 per cent in the first quarter of the year.

It added that it was also a full 17 per cent higher in this three-month period than it was at the same time in 2012.

Mortgages have been the main driver, with a 26 per cent rise recorded in approvals following an 11 per cent growth in March.

And despite a two per cent fall in remortgage activity in the same month, quarterly increases amounted to 22 per cent.ADNFCR-1222-ID-801573515-ADNFCR

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