UK Finance: Masthaven’s Matt Andrews comment
Matt Andrews, Managing Director of Mortgages at Masthaven, comments on the latest UK Finance lending trends:
“Today’s data suggests ongoing caution among borrowers, with remortgaging trends remaining high and homemover mortgages slightly lower than previous months. Improving not moving is something we are hearing becoming more commonplace within the market as individuals continue to wait out the ongoing political uncertainty.
“Following last month’s dip in the first-time buyer market, it is positive to see this significant portion of the sector bounce back. This is testament to a continued determination to get more feet on the property ladder from borrowers and lenders alike.
“As lenders, we must do all we can to ensure that products are diverse, rates are competitive, and clients of all background are catered for to keep the market moving.”
Kindly shared by Masthaven