Following a boom in the UK housing market last year after the stamp duty holiday, data from November showed a return to more ‘normal territory’. Mortgage approvals for residential property purchases showed stability when compared with October. The Bank of England’s Money and Credit statistics showed that in November, 66,964 mortgage approvals were issued. This was only slightly lower than in October, when 67,103 were issued. Meanwhile, 44,529 remortgage approvals were agreed in November, and 41,978 in October.
Mt Finance recently appointed their first non-executive director, Chris Patrick. In his new role, Chris will assist with MT Finance’s growth plans, focusing on funding strategy, ESG initiatives and technology. from CMB https://commercial-mortgages-broker.co.uk/buy-to-let-news/bank-of-england-data-shows-stability-returning-to-uk-housing-market/ from https://commercialmortgages2.tumblr.com/post/672647120054042624
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