Doolittle & Dalley logo
Contact Us
Call us on
0345 3700 300
Email us
call-to-action call-to-action-mobile

Summer brings mortgage lending back up to speed

Search for properties

To buy or to rent?

Property type

Minimum price

Maximum price

Minimum bedrooms


Thu 13 Aug 2015

Summer brings mortgage lending back up to speed

Lending for house purchase picked up dramatically in June, rising 22% over May’s figure.

Nevertheless the overall figure of 61,000 house purchase loans was down 1% compared with June last year.

Mortgage lending to home movers was up 21.1% on a monthly basis but only 0.3% on an annual basis; loans to first-time buyers rose 22% on the month, but were down 2.4% compared with a year ago.

In contrast, remortgaging shot up 31% on the month and 34% on the year while buy-to-let loans for house purchase were up 40% on the year, and 17% on the month.

Altogether in the second quarter of this year, there were 160,100 house purchase loans, up 21.6% from the first quarter, but lagging 7.7% behind the second quarter last year.

The figures are from the Council of Mortgage Lenders.