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New figures suggest our busy market will continue through summer

13 May 2021 Featured, Latest News

The housing market’s feel-good factor looks set to continues for some months yet. Fresh figures show mortgage lending to be hitting a new high – this is the first step in the chain of house buying, so suggests the busy market is likely to roll on through summer.

  • An amazing £12 billion was borrowed in March, the newest available info;
  • Lenders approved 82,735 mortgages that month – 45% higher than a year earlier
  • The amount borrowed was the highest in a month since records began in 1993.

Analysts say the stamp duty holiday has encouraged buyers, but also that the successful vaccine roll-out and gradual easing of restrictions have created much more optimism about the economy from people wanting to move home.

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