Mortgage lending heads for £300bn – but the housing market treads water
Trade body UK Finance is forecasting a 4% increase in gross mortgage lending next year, despite a drop in residential transactions.
Mortgage lending falls again as the housing market ‘suffers a prolonged hangover from the mini-Budget’
'There remains a huge amount of nervousness among borrowers, who aren't sure which way mortgage rates are likely to move next,' comments Knight Frank Finance on the latest BoE mortgage lending data.
Mortgage lending to fall in 2024, predicts UK Finance
'We expect lending to remain weak in 2024, with a gradual improvement in affordability reflected in a modest increase in activity levels in 2025,' says banking industry trade body.
Industry Reactions: BoE data reveal another rise in mortgage lending
'The market appears to be back on track,' says one property portal boss.
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Mortgage lending heads for £300bn – but the housing market treads water
Trade body UK Finance is forecasting a 4% increase in gross mortgage lending next year, despite a drop in residential transactions.
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