Monthly mortgage approvals pick up

According to the Bank of England, more loans were approved for house purchases in January 2020 than in any other month since the EU Referendum.

In January nearly 71,000 loans were issued, which is the highest monthly level since February 2016, this is also 7% higher than a year ago. This surge in demand has also coincided with an upturn in confidence from both buyers and sellers, where we have also seen the number of enquiries increase.  

We understand that when entering the world of mortgages and home owning, the sheer volume of options on offer can initially seem overwhelming. There are a lot of different home loans offered by lenders to suit many different purposes, so finding the right mortgage match for you can take a bit of digging.

Which is where we step in. Whether it’s your first home or your fifth, our mortgage advisers can make sure you’re getting the right advice, to find the right mortgage for you.

Take a look at our guide to mortgage types to find our more and arrange a call with an adviser to discuss your options and see what’s right for you.

Sources: Dataloft and Bank of England

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