The latest mortgage monitor research from E.surv reveals that there were 65,801 residential mortgages approved during May 2019.
This indicates a 1.2% rise compared to the same month a year earlier.
Many areas have tailed off within the property market, however, the research from E.surv shows that there are many local markets showing tiny signs of growth.
In May, the lending total slightly dropped from last month’s figure, dropping by 0.7% month-on-month.
The decreasing proportion of loans given to first-time buyers and others with small deposits has declined by 0.7% when compared to April’s stellar figure.
On the other hand, the statistics are still ahead of the 26% recorded in March and E.surv states this will prove the strong performance of the first-time buyer market, even if others are holding off on making purchases.
About Stuart Mosley
Stuart Mosley (CeFA, CeMap, CLTM) founded SJ Financial Solutions in June 2005 having spent 12 years with big corporates such as Halifax and Santander. He felt the personal touch and straight speaking was missing from financial and mortgage advice services and set up SJ Financial Solutions to change this.
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