House Purchase Activity Slows In June But Remortgaging Activity Remains High

Key data highlights:

• There were 34,900 new first-time buyer mortgages completed in the month, 3.6 per cent fewer than in the same month a year earlier.
• There were 33,700 new homemover mortgages completed in the month, 7.9 per cent fewer than in the same month a year earlier.
• There were 37,400 new homeowner remortgages completed in the month, 8.4 per cent more than in the same month a year earlier.
• There were 5,400 new buy-to-let (BTL) home purchase mortgages completed in the month, 19.4 per cent fewer than in the same month a year earlier.
• There were 12,600 new BTL remortgages completed in the month of June, the same as June 2017.

Read more on the UK Finance website.

https://www.ukfinance.org.uk/house-purchase-activity-slows-in-june-but-remortgaging-activity-remains-high/