Comment from Molo: UK Finance - Key mortgage market data updated

20 March 2025

Mark Michaelides, chief commercial officer of buy-to-let lender Molo, said:

“The UK Finance data provides more compelling evidence that the mortgage and property markets are shaking off the downturn in their fortunes – with regions like he West Midlands, Northern Ireland and the North West seeing between 48 and 50 per cent increases in the value of loans to home movers, year on year. While the growth projections for the UK economy might have been downgraded by the OECD over the Trump tariff war, Britain is still on track to be the second fastest-growing economy in the G7 in 2025. Recent Rightmove data shows the highest property choice at this time of year for a decade, with the volume of sales being agreed 9 per cent higher than in 2024. That’s important given how much the purchase market can be becalmed by a lack of stock. Although much of that activity is down to the stamp duty deadline, the wobble we have seen recently is now behind us; landlords should be reassured that the worst is now behind them.”