Official figures show that the mortgage lending figures rose considerably throughout the month of June in the UK eradicating the idea that people sat on the sidelines awaiting the result of the Brexit vote.
Figures from HM Revenue and Customs suggest that the amount of homes sold rose by 4.9% during June whilst the total amount of loan advances reached £20.7billion according to the Council for Mortgage Lenders (CML). These figures show that mortgage lending in June was 16% up on the previous month and 3% up on the same month in the previous year.
The demand for house buying has also kept the house prices up with the Halifax suggesting that they’re rising by approximately 8.4% per year.
For those looking to get onto the housing ladder there are still great schemes on offer to assist First Time Buyers and with the forecast of the interest rates remaining at an all time low now is a fantastic time to look at your mortgage options.
If you’d like to discuss your existing mortgage or you’d like to find out how much you can borrow why not get in touch? We offer a free consultation and are happy to visit you at a time and place to suit you!