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Gross mortgage lending reaches £18.2 billion in February 2017

Gross mortgage lending reaches £18.2 billion in February 2017

The Council of Mortgage Lenders, whose members are banks, building societies and other lenders, collectively undertaking up to 97% of all UK residential mortgage lending, estimates that gross mortgage lending in February reached £18.2 billion. £1.3 trillion This may sound impressive, yet it’s still 8% lower than January’s lending total of £19.8 billion. Although, it’s […]

11 Buyers Chasing Every Property

11 Buyers Chasing Every Property

A massive surge in house hunters results in 11 buyers for each property Direct impact This January the number of properties available to buy was the lowest since July 2016. Increasing the number of buyers for each property has a direct impact on the number of properties that sell for more than the original asking […]