The UK mortgage market is in a much healthier place than it was at this time last year, but it`s still a long way off being as buoyant as it was before the financial crash.
Council of Mortgage Lenders figures show that gross lending for home loans stood at £17 billion in November 2013, down from £17.6 billion the month before, but 30 per cent higher than the same month in 2012.
CML chief economist Bob Pannell remarks that overall lending for 2013 is set to reach £170 billion, higher than the £156 billion estimated. However, it`s still less than half of the £363 billion lent at the height of the lending boom in 2007.
If you want to speak to an experienced mortgage broker about getting a free quotation and finding the right mortgage for your circumstances from their panel then please get in touch with First Choice Finance at firstchoicefinance.co.uk, or by calling either 0800 298 3000 or 0333 0031505 if on a mobile.
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