Growth in mortgage lending 'is still happening'


Standard energy rates will be capped from January 2019, but switching with us could save you as much as £482* on your annual energy bills.

in partnership with Banner uswitch

Looking to switch your business energy supplier? Click here

* Between 1 Jan 2018 and 30 Jun 2018, at least 10% of people who switched energy supplier for both gas & electricity with uSwitch saved £482 or more.

Growth in mortgage lending is continuing to take place despite the credit crunch, according to an expert.

Pauline McCallion, editor of the Your Mortgage website, has stated that it is growing at a slower rate than usual but added that the biggest change is that the bulk of lending is now related to remortgaging.

She went on to explain that the media and confidence plays a big part in the mortgage market and added it is difficult to say whether the sector is finding its feet.

"We're looking at the availability of funding to banks and building societies for mortgage lending," she said.

"That plays a big part in what they can lend to consumers and that is why they are being quite picky at the moment about how much they lend and who they are prepared to lend to."

Recent research by Moneyfacts found that 60 per cent fewer mortgage deals were available in March when compared to last year.

Click here to run an energy price comparison, and see if you could be paying less for your gas and electricity.

Found this page interesting?

Help spread the word and share this page with your friends and family on your social networks.

Cookies help us deliver our services. By using our services, you agree to our use of cookies. Learn more