The number of weekly mortgage transactions processed via The Mortgage Trading Exchange (mte), has reached its highest recorded figure since October 2008.

5,272 mortgage transactions were processed on the mte by mortgage brokers during the week of 16-22 February 2010.

Mte has also seen rises in the number of transactions for the past three months.

Mark Lofthouse , CEO of The Mortgage Trading Exchange, said: “This is absolutely fantastic news for the mortgage industry. For the past seven months we’ve reported an increase in mortgage product availability and to see transaction volumes increase consistently alongside this is very encouraging and another clear sign that the market is heading back in the right direction.”””