In the United Kingdom, home ownership is up. It’s the highest February on record since 2007. The data comes from watching mortgage trends. It has found that there were twenty-five thousand new mortgages which has accounted for the upward trend. The article goes on to say that there have been a high number–over thirty five thousand–new remortgages too in February, leading to an extremely productive month for the housing financing industry. The article ends by saying that lenders are eager to get a piece of this new revitalized industry, so it’s a good time for borrowers to shop around and get the best deal they can.
Read more: Total UK homeowner purchases reach highest level in over 10 years