UK Finance Mortgage Trend Update – December 2019

There were 29,490 new first-time buyer mortgages completed in December 2019, 0.3 per cent more than in the same month in 2018, according to the latest Mortgage Trends Update from UK Finance. At the same time, there were 29,400 homemover mortgages completed in December 2019, 3.2 per cent more than in the same month a year earlier.

The data shows there were 16,820 new remortgages with additional borrowing in December 2019, 5.9 per cent more than in the same month in 2018, with the average additional amount borrowed being £50,702.

There were 5,700 new buy-to-let home purchase mortgages completed in December 2019, 3.6 per cent more than the same time the previous year. There were 13,300 remortgages in the buy-to-let sector, 2.3 per cent more than the same month in 2018.

Source: UK Finance
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