There was a rise of 8.3% in remortgaging in the UK in
June 2019, with some 16,880 new mortgages completed in this sector of the
lending market, the latest industry figures show. The data from UK Finance also
shows that there were 32,760 new first time buyer mortgages completed in June
2019, down 1.5% fewer than in the same month in 2018 while there were 31,000
home mover mortgages, down 3.6% year on year. There were 5,300 new buy to let
home purchase mortgages completed, down 3.6% that in the same month last year
and there were 12,500 remortgages in the buy to let sector, down 0.8%. Read
more on the Property Wire website.
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