Mortgage lending now underpins 30% of England's housing stock, rising to as high as 42% in the country's most mortgage-reliant locations. At the same time, many areas of the market have seen a notable increase in the number of homes owned with a mortgage over the last three years, highlighting the continued strength and resilience of the lending sector.
Mortgage lending up in 2022, but have we reached the peak?
The latest mortgage market analysis by specialist property lending experts, Octane Capital , estimates that £77.5bn in residential loans was lent to individuals in the final quarter of 2022, totalling £318.3bn for the year - a 0.8% increase on 2021 despite the turbulence seen in the latter stages of 2022 due to increasing...
