I thought I was busy and I guess I’m not the only mortgage adviser who was last month.
According to the Council of Mortgage Lenders,
(whose members are building societies and other lenders who together undertake around 94% of all residential mortgage lending in the UK) 
Gross mortgage lending was up 21% in March.
According to their chief economist Bob Pannell……
“The housing market has emerged hesitantly from hibernation. Household finances are under a lot of pressure, and as a result demand for house purchase loans fell in the first three months of 2011. Lenders expect mortgage credit availability to improve this quarter, and this should help to underpin house purchase activity albeit at pretty low levels”
“Remortgage demand, meanwhile, continues to firm, presumably linked to expectations of higher base rates. Remortgage approvals in February were the highest for more than two years. Stronger remortgage activity looks set to continue propping up overall lending.”….Well done Bob
A lot of my clients are moving from tracker mortgages, to fixed, this may not be the best option for you, but if you want some free advice just give me a buzz
Take care
Michael
,
