Gross mortgage lending grew 2.5 per cent on an annual basis in February, according to new figures from UK Finance.
In total, £19.1bn was lent out in February 2019 compared to £18.6 the year before.
In January, UK Finance adds, £22.5bn was extended in mortgage loans, giving a month-on-month drop of 15 per cent.
The data also shows that last month there were 33,621 home purchases approved, a rise of 1.5 per cent on last year’s figure of 33,110, while remortgaging numbers fell annually from 25,999 to 24,281 – a drop of 6.6 per cent.
Read more