The UK housing market has observed ﻿a rise of more than 8% in mortgage ﻿approvals over the first half﻿ of August, tak﻿ing mortgage approvals to over 71,000 in this year, which bettered the six month average of 65,594. Remortgage activity has also risen over 14% during the last six months. David Whittaker, managing director of Mortgages for Business, has responded to this change by saying: "There is an ongoing shift to different sorts of mortgage lending, and a booming remortgage market reflects that interest in new products."
The UK housing market has observed ﻿a rise of more than 8% in mortgage ﻿approvals over the first half﻿ of this year, tak﻿ing mortgage approvals to over 71,000 in August, which bettered the six month average of 65,594. Remortgage activity has also risen over 14% during the last six months. David Whittaker, managing director of Mortgages for Business, has responded to this change by saying: "There is an ongoing shift to different sorts of mortgage lending, and a booming remortgage market reflects that interest in new products."