The variety of individuals shopping for properties with a mortgage is anticipated to surge within the third quarter, based on commerce physique UK Finance.
The primary quarter of 2025 was significantly busy, adopted by a pointy decline in Q2 after the stamp obligation thresholds reverted, particularly in April.
Nonetheless, the commerce physique stated an uptick in exercise is coming in Q3 as a result of variety of purposes acquired.
Eric Leenders, managing director of private finance at UK Finance, stated: “After April’s Stamp Obligation modifications briefly cooled exercise, June’s renewed mortgage uptake – and the regular build-up of financial savings beneath aggressive charges and a secure ISA allowance – demonstrates the market’s resilience as we transfer into the third quarter.
“The FCA has began a really welcome and vital debate on whether or not mortgage affordability checks could be revised to help larger ranges of homeownership. We now have already seen lenders make modifications to assist extra individuals get entry to mortgage finance.
“Our evaluation exhibits {that a} rigorously measured easing of stress-test guidelines can responsibly enable extra individuals – particularly first‐time consumers – into the mortgage market with out resulting in a major improve in arrears ranges.”
Housing market exercise already rebounded in June, with annual development in lending to first-time consumers and movers up 14% and eight% respectively.
Remortgage exercise is anticipated to extend over the rest of the 12 months.
