Mortgage agreements jumped by end of 2020

The total value of new mortgages set to be handed out in the coming months reached its highest level since 2007 towards the end of last year, Bank of England figures show. New mortgage commitments in the fourth quarter of 2020 totalled £87.7bn – however, the share of mortgages advanced to borrowers with deposits of less than 10% was 1.2%, marking “the lowest level since these statistics began in 2007”. Gross lending totalled £249bn in 2020, showing a 9.8% fall compared with 2019 (£276bn).

Evening Telegraph (10/03/2021)   Daily Express (10/03/2021)