Wednesday, 21 August 2019

Remortgaging Rises As Home Buyer Activity Slows In The UK


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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