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Purchase activity overtakes remortgages for first time since lockdown


Purchase mortgage searches represented the majority of daily searches for the first time since lockdown began, according to figures. Purchase mortgages comprised 50.11% of all searches, compared to 49.89% for remortgage. Over the whole of last week, purchase searches represented 43.06% of all searches, up significantly from recent lows of 24.5%. The figures show that purchase mortgage searches have almost doubled over the past four weeks – up 96.33% - but remain half of their pre-lockdown highs.

Posted by MMB Finance Swindon on 21 May 2020