Looking for a mortgage ? Now might be the right time! UK Property News
More good news regarding the improving state of the UK property market. We shared earlier in the month that the average uk house price increased into April, and now we also know that the mortgage approval rate is the highest it’s been in over 2 years. Banks approved 42,989 mortgages in April 2019, which is 11.5% more than this time last year and 2,425 more than March 2019.
Other key figures:
- Consumer lending has increased 3.8% from April ’18 to April ’19
- Net mortgage lending increased by 1.795 billion pounds this April
Experts in the industry are suggesting that we could be past the worst of the ‘brexit slump’ and with more and more people refusing to hold on any longer for brexit to reach a conclusion, this bodes very well for stakeholders of the UK property industry.