An increase in total gross advances by 3.3% to £62.4 billion compared to last year according to BoE report.
Bank of England (BoE) – Mortgage Lenders and Administrators Statistics -2018 Q1 published 12th June 2018.
Compared to last year, there has been an increase in total gross advances by 3.3% to £62.4 billion. Comparing gross advances to Q4 2017 however, there has been a decrease of 9.6%.
The value of new commitments was £61.1 billion, a 5.9% decrease from Q4 2017.
The share of buy-to-let (BTL) lending has increased for the first time since 2017 Q1, accounting for 14.1% of new lending.
Read the Bank of England report 12th June 2018 in full click here.