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Purchase activity overtakes remortgages for first time since lockdown

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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