January lending at 7 year high with pre MMR boost
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.