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Nigel Cassidy

How first time buyers helped to boost mortgage approvals in January

Nigel Cassidy
Original Broadcast:

Share Radio Morning

How first time buyers helped to boost mortgage approvals in January
The mortgage market has had its strongest start to a year since 2008, with lending up by 2% from January 2016. Mortgage approvals hit a nine-month high in December, more figures from the British Bankers Association reveal today. The Council of Mortgage Lenders said that gross mortgage lending was £18.9 billion last month, although this wasn't as strong as December. To discuss the figures, Nigel was joined by Mohammad Jamei, an economist from the Council of Mortgage Lenders.

Guest: Mohammad Jamei