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Hope for housing market as mortgage lending soars

Jonathan Winston Jonathan Winston
1 min read

The Council of Mortgage Lenders (CML) has announced figures showing that mortgage lending was up 21% in March with £11.3bn being advanced, the highest figure since November.

The group said that the rise was due to more activity in the housing market, along with increased demand from existing homeowners, who were remortgaging to a new deal. However, in a note of caution it also said that the total lending of £11.3bn was slightly down on the £11.5bn that was lent in March last year.

The CML says that demand is likely to remain strong with the prospect of a rise in interest rates leading to people trying to remortgage off their lenders’ standard variable rates. Bob Pannell, chief economist at the CML said: “The housing market has emerged hesitantly from hibernation. Lenders expect mortgage credit availability to improve this quarter, and this should help to underpin house purchase activity, albeit at pretty low levels.”

The CML figures back up other data, released by the National Association of Estate Agents, which showed a big rise in the number of potential buyers, though agents are warning that too many of those hoping to sell are being over-optimistic and are pricing their properties too high.

yorkshirepost.co.uk/news/national-news/mortgage_lending_up_by_a_fifth_1_3304790

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I cannot speak for Winston Solicitors as a whole, but I can confidently recommend Leasa Foster, who we’ve used twice now for moving house. On both occasions she has been outstanding. Without her, I’m certain the chain would have fallen into disarray, and completion would have been delayed by at least a month or two.Leasa took control, coordinating solicitors both above and below us in the chain to ensure paperwork was completed on time. In fact, some of the documents that others were only just starting, she had already handled months in advance.Overall, I’m extremely satisfied with the service from Leasa, Julie, and the team at Winston Solicitors. I’ll have no hesitation using them again—unless Leasa moves firms!
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Winston solicitor's was chosen by us to handle the conveyancing for our house sale and purchase. We were appointed Sam as our solicitor and we couldn't have asked for anyone better. Sam went above and beyond to assist me with my enquiries, demonstrating an impressive depth of knowledge. Our sellers solicitors could be quite problematic at times but Sam worked hard to ensure that obstacles were handled promptly, and that we were kept up to date with any progress.What stood out for me was Sam's genuine commitment to customer satisfaction. Her friendly demeanor and positive attitude created a welcoming atmosphere making me feel valued as a customer. In conclusion Sam exemplifies the epitome of customer service. Her professionalism, expertise, attention to detail and genuine care for the customer deserves recognition. I would not hesitate to recommend Sam to anyone seeking an exceptional service. Thank you for your outstanding support and dedication.
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Winston Solicitors were excellent throughout our house purchase process. Leasa and Michelle who handed our conveyancing were very responsive. Highly recommend.
Mr Agunwa
I've used Winston Solicitors on multiple occasions for property sales an also to purchase and it will definately not be the last.This firm is professional and a massive shout out to sidraa who both times dealt with my purchase & sale of property.She is an absolute asset to Winston Solicitors and is the best out there at her job.Please keep up the great work and hopefully speak to you all again soon on my next purchase.
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