Alternative finance to flourish in 2013
A survey of 400 mortgage brokers carried out by peer-to-peer bridging lender West One Loans, forecasts the bridging industry will grow by 36% over the next year. The data showed that gross mortgage lending will grow just 8.3% in 2013. Whilst the Funding for Lending Scheme is thought to have a sizeable impact of ï¿¡496m, […]
Remortgage market falls
According to the latest LMS Remortgage Report monthly gross remortgaging fell 23.4% in November. The fall of £949m in November to £3.1bn marks a big change for the previously strong remortgage market. The wider market saw static gross mortgage lending in November, remaining at £12.9bn. However, the percentage of this that was gross remortgage lending […]