Mortgage transactions at their highest since 2008
According to mte, 5,272 mortgage transactions were processed on the common trading platform by mortgage intermediaries during the seven day period to 22nd February 2010.
A succession of monthly increases in transaction volumes has also been seen for the past three months, indicating a steady increase in overall activity across the UK mortgage market.
Commenting, Mark Lofthouse, CEO of The Mortgage Trading Exchange, said, “This is absolutely fantastic news for the mortgage industry. For the past seven months we’ve reported an increase in mortgage product availability and to see transaction volumes increase consistently alongside this is very encouraging and another clear sign that the market is heading back in the right direction.”