Mortgage applications soared after lockdown was lifted
this summer, reaching an estimated value of £216bn, however the closure of the
housing market means lending is expected to be down compared to last year.
Pent-up demand and government incentives helped to jolt the UK property market
back to life after restrictions were eased following the UK coronavirus
lockdown. The latest research showed that mortgage applications were up 13 per
cent year on year in July, followed by rises of 25 per cent in both August and
September. Read more on the City AM website.
https://www.cityam.com/mortgage-applications-soar-after-coronavirus-lockdown-lifted/
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