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 2008 , which bettered the six month average of 65,594 . Remortgage lending has also risen over 14 % during the last six months . mark 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 housing 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."