Comment on the Bank of England's figures, July 2015
Wed 29 Jul 2015
Peter Rollings, CEO of Marsh & Parsons, comments: "The mortgage market got its skates on in June, playing catch-up after Mays stumble in lending. This month-on-month boost has nearly brought lending back into line with April activity, and the energy building up in the housing market should carry it further forward.
"Theres now plenty of clear blue sky between borrowing totals now and a year ago, as buyer demand continues to mount. In London, we saw new buyer registrations climb 27% from January to June, and properties are changing hands quickly. This will cause further price rises over the summer, but buyers have plenty of cause for confidence, as cheap mortgage finance and smaller Stamp Duty fees keep homeownership within grasp."