The value of gross residential mortgage lending was £21.6 billion in January 2019, 1.5 per cent lower than the same month the previous year (£21.9 billion), according to the latest figures from UK Finance.
The Financial Conduct Authority (FCA) has stated they are disappointed in how mortgage lenders are treating those vulnerable borrowers in arrears and reported on the key issues.
First-time buyers helped to bolster the mortgage market last month, with the number of loans issued to first-time buyers at its highest level in over a year, according to data published by UK Finance.
New figures from UK Finance have revealed a sharp rise in the number of remortgages in the UK, with numbers reaching a nine-year high in January this year.
