Newly released data from trade body UK Finance has revealed a rise in mortgage lending during the month of June.
The figures show that in June, on a non-seasonally adjusted basis:
“June’s figures show a busy month in the mortgage market, with home movers having their highest monthly activity levels for over a year and an especially high number of loans for first time buyers,” commented Paul Smee, Head of Mortgages at UK Finance. “Buy-to-let activity remains subdued compared to its 2015 peak but consistent month-to-month since stamp duty changes in April 2016.”
 
“But there are also signs of a softening market and we are not anticipating that this performance will be sustained in the second half of 2017,” he added. “A slightly lop-sided market could well show some growth in house purchase lending but alongside reduced remortgage and buy-to-let activity.”
 

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