The mortgage market is already in the “early stages” of recovery, and “pent-up demand” could lead to a boom in homebuying in 2025, according to the country's biggest broker the Mortgage Advice Bureau.
The firm today revealed the impact of the aftermath of Liz Truss’s disastrous mini-Budget and the Bank of England’s repeated rate hikes, as new lending tumbled by 21% to £19 billion last year. The buy-to-let sector was hit hardest, with new lending to landlords cut in half.
