Article preview: Demand from people moving home was responsible for a record proportion of mortgage borrowing in the first quarter of the year. The latest official mortgage data from the Bank of England and Financial Conduct Authority (FCA) shows that 42% of total mortgage lending went to home movers in the first three months of 2021. It’s the highest proportion of mortgage lending allocated to home movers since comparable records began in 2007.
Home movers drive mortgage demand
This 325-word blog post considers the latest mortgage data from the Bank of England and FCA. Written on 8th June 2021.
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