The Intermediary Mortgage Lenders Association (IMLA) has predicted a increase in gross mortgage lending to £283 billion this year together with a swift return to household spending as Covid-19 lockdown restrictions are eased. The trade body’s New Normal report, which makes a number of predictions about the mortgage market over the coming year, observes that household finances generally remain robust and will continue to weather the current economic volatility. Unlike previous financial crises, the unique government support package provided since the start of the Covid-19 crisis has helped the majority of households to maintain financial stability. Read more on the Best Advice website.
https://bestadvice.co.uk/imla-expect-2021-gross-mortgage-lending-rise/
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