London remortgaging activity reaches a nine-year high

'The outlook remains a very positive one for the remainder of the year,' comments Stephanie Daley of Foxtons-owned mortgage advisor Alexander Hall.

Net mortgage borrowing reached an all-time high of £17.9 billion in June, according to the Bank of England - smashing the previous record, set in March 2021, of £11.5bn.

Proportion of £2m+ buyers from a City/finance background hit a six-year high in 2019