UK banks increased mortgage supply at the fastest pace since 2021 due to low borrowing costs.
UK banks increased mortgage supply at the fastest pace since 2021, driven by affordable borrowing costs that encouraged buyers to re-enter the property market. The Bank of England's credit conditions survey revealed lenders increased home loan availability in Q1. Property surveyors reported the most optimistic outlook on buyer demand in over a year, as house prices are expected to return to growth in the next year, according to a Rics survey.
April 10, 2024
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