Third consecutive monthly rise in mortgage transactions

Published on

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.”””

Latest POLL

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Square 1 Media announces May Mortgage Market Debate

Square 1 Media is to hold its next Mortgage Market Debate on Wednesday, 21 May,...

Coventry BS maintains status as one of the best workplaces

Coventry Building Society has been named one of Great Place to Work's UK’s Best...

Atom bank breaks Near Prime record

Atom bank has reported another record-breaking month for Near Prime activity. Over the course of...

Berkeley Alexander appoints new BDM

General insurance provider Berkeley Alexander has announced the appointment of Grant Robinson as a...

Other news

Lenders must step up on high LTV products

Things are on the up for borrowers with a smaller deposit. The financial information...

Square 1 Media announces May Mortgage Market Debate

Square 1 Media is to hold its next Mortgage Market Debate on Wednesday, 21 May,...

Coventry BS maintains status as one of the best workplaces

Coventry Building Society has been named one of Great Place to Work's UK’s Best...