Steady increases in house purchase lending and homeowner remortgaging in November 2017 according to UK Finance

January 17, 2018

The latest Mortgage Trends update for November 2017 from UK Finance released 16th January 2018 headlines ‘Mortgage Market activity bouyant during November 2017.’

The update reveals steady increases in mortgage lending for first-time-buyers and home movers compared to the previous month and the equivalent period in 2016.

Commenting on the data Paul Smee, Head of Mortgages at UK Finance said:

“The data shows housing market activity remains buoyant, despite November’s rise in the base rate. Steady increases in lending for house purchases together with increases in homeowner remortgages reflect a keenness among consumers to benefit from still historically low interest rates, and a highly competitive marketplace.

“In contrast, declines in buy-to-let lending reflect the changing regulatory and fiscal environment for landlord businesses, where some landlords might be inclined to reappraise the viability of their portfolios.”

Read the UK Finance update released 16th January 2018 in full click here.

 

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

You May Also Enjoy

Breaking News

2026 Will Test BTR’s Potential and Government’s Resolve

By Justine Edmonds, Head of Build to Rent / Leasing Strategies, LRG Throughout 2025 I have spent hours in meetings with and on discussion panels with institutional investors, developers and local authorities. And everything I’ve picked up on in the last year suggests that 2026 will be a crossroads for Build to Rent (BTR). The…
Read More →
Breaking News

December Cash Buyers on the Decline

So is a sale before Christmas still possible? New analysis from Springbok Properties reveals that the number of cash buyers declines in December, so any sellers who are keen to secure a quick sale ahead of Christmas might need to explore different avenues. Springbok Properties have studied historic data on the estimated number of cash…
Read More →
Breaking News

Breaking Property News 10/12/25

Daily bite-sized proptech and property news in partnership with Proptech-X.   Fine & Country welcomes back Managing Director Nicky Stevenson  Fine & Country is pleased to announce the return of Managing Director, Nicky Stevenson, following her maternity leave. Stevenson, who has played a central role in driving the brand’s growth and strengthening its position in…
Read More →
Breaking News

Rental demand drops to six-year low

Rental demand drops to six-year low as supply improves and rental growth slows to 2.2 per cent reports Zoopla   Demand for rented homes has fallen by a fifth over the last year and is the lowest for six years. There are 15% more homes for rent than last year, boosting choice for renters UK…
Read More →
Christmas Decorations - Good or Bad for Selling
Breaking News

Christmas move-in rush drives short-term rental spikes

Christmas move-in rush drives short-term rental spikes, while year-on-year affordability remains largely unchanged Year-on-year trends remain relatively stable, with most regions showing small changes in rent levels and required salaries. Short-term rental volatility is now the dominant driver of affordability shifts, with North East, Wales, South West, Yorkshire & Humberside, and parts of the Midlands…
Read More →
Breaking News

Dwelly reveals the strongest rental market for current returns

The latest research from Dwelly has highlighted which pockets of the British rental market are currently providing landlords with the greatest returns, helping them combat the incoming tax hikes announced in last week’s Autumn Budget. Dwelly analysed the latest Government house price data alongside the most recent rental market figures from the ONS to identify…
Read More →