BoE comment: True picture of mortgage market emerging
29 November 2021
John Phillips, national operations director, Just Mortgages: “After what feels like an eternity, we have finally made it past the stamp duty holiday. The clouds are clearing and a true picture of the mortgage market is starting to come into focus.
“While the urgency has been taken out of the market, and approvals for purchases fell slightly October, there is still significant interest in purchasing. Outside space is still highly desirable, and the trend for working from home seems set to stay for a significant number of employees, resulting in some looking to move.
“With rates at a new series low, approvals for remortgaging increased. This trend is set to continue, with remortgaging taking centre stage in the final month of the year.”
