• jonwheatley

More mortgages agreed so far this year than any time since the financial crisis



£87.7bn mortgages were agreed for the coming months at the end of 2020


The property market is booming, and this has been shown in the number of mortgages agreed at the end of 2020 and into the start of 2021. In fact, the number of mortgages agreed at the start of 2021 were at their highest rate for 14 years.


Mortgage lending reached £76.6bn in the fourth quarter, an increase of 4.2% year-on-year. The figures come from the Bank of England’s mortgage data for Q4 2020. And this data is from before the extension of the Stamp Duty Holiday was announced!


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