Mortgage lending picks up in June

Mortgage lending picked up in June after 4 months of falling figures. This reverses the trend that started around the time of the tougher affordability checks on mortgages, introduced in April.

This is generally good need, although there are still concerns of an overheating housing market in London and the South East.

I think that a major factor in this is mortgage advisers getting used to the new rules and settling down to fully understand them. This gives them the confidence to give their professional advice, safe in the knowledge that they now fully understand the new rules and regulations.

For further gains, without the overheat, let's get more confidence in the market fom all players.

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