- There has been an increase in new residential mortgage lending activity in Q2 2017 from the previous quarter. £62.7 billion of new residential loans was advanced to individuals during Q2 2017. This was a 3.8% increase compared to the previous quarter and a 8.1% increase from the same quarter last year.
- The share of buy-to-let (BTL) lending has decreased to 12.5% in Q2 2017; this is the lowest percentage since Q3 2013.
- The share of new lending in the highest loan-to-income (LTI) brackets, for both single and joint incomes increased to its highest level (10.8% and 33.4% respectively) since the Bank of England’s Financial Policy Committee (FPC) made its LTI flow limit recommendation in June 2014.
Mortgage lenders and administrators statistical release - 2017 Q2