Bank of England mortgage figures reveal ‘nuanced market’ with ongoing pressures

The Mortgage Lenders and Administrators Statistics from the Bank of England reveal the total value of gross mortgage advances in Q1 increased by 12.8% from the previous quarter – up to £77.6 billion, the highest for new advances since 2022 Q4 and 50.4% higher than a year earlier. New mortgage commitments (agreed lending yet to […]