Homeowner loans highest in a decade
50,000 new mortgages were issued to homeowners in February 2018, which is the highest February total in a decade, according to data released in April by UK Finance.
Loans to homeowners for a new home while up only marginally (0.4%) on a year ago were at their highest level since 2008, with the exception of 2016 when buyers rushed to beat the 3% second home levy.
First time buyer loans were up 2.4% on a year ago as purchasers benefit from the stamp duty relief announced in the autumn budget, and the lack of competition from buy-to-let investors. New loans for buy-to-let were down 8.8%.
Across the wider market re-mortgage activity for both homeowners and buy-to-let investors also showed a substantial uplift from a year ago, as owners seek to fix costs amid anticipation of further interest rate rises.
Source: Dataloft & UK Finance
If you’re thinking about making a move we would love to help. Please call one of our offices to arrange a free Valuation:
Harpenden 01582 769966
Marshalswick 01727 856999
St Albans 01727 898150
Homeowner loans highest in a decade
Tags: Homeowner, Loans- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- November 2020
- October 2020
- September 2020
- August 2020
- July 2020
- May 2020
- April 2020
- March 2020
- February 2020
- January 2020