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January lending at 7 year high with pre MMR boost

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January lending at 7 year high with pre MMR boost

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Mortgage lending in January 2014 reached a seven year high, helped in part by a surge in cases being pushed through before the Mortgage Market Review comes into force in April.

House Purchase approvals reached 65, 142 last month – which has been the biggest start to the year since 2007.

As the April date for the MMR approaches, lenders are preparing for a slowdown, as the lending rules tighten up.

Read the full story via Mortgage Solutions here

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