Mortgage lending grew by 4.6 per cent to £21.4bn year-on-year in September, driven by an energetic remortgage sector, while buy-to-let cooled, UK Finance data revealed. Loan to values eased across first-time buyer, homemover and remortgage transactions. In the new loans market, the volume of first-time buyer mortgages grew 1.6 per cent to 291,000 in September 2019 over the same month in 2018. The value was up five per cent to £5.1bn. The volume of homemover mortgages rose 1.8 per cent to 29,050 and value grew 5.4 per cent to £6.6bn. In remortgages, the volume of loans with additional borrowing was up 5.9 per cent to 17,740 and value increase 5.1 per cent to £3.3bn, with the average additional amount borrowed was £50,000. Remortgages with no additional borrowing grew eight per cent to 19,140 by volume and 9.4 per cent to £3.4bn by value. However, the Buy-to-Let sector dragged behind. The number of purchase mortgages dropped 3.5 per cent to 5,500 and the value was down 11.1 per cent to £800m. Buy-to-Let remortgages were flat at 12,900 by volume and by value at £2.2bn. Now might be a good time to seek advice from a whole of market broker. Our Peterborough office is conveniently located on St Johns Road, PE1 5DD The Mortgage Bureau “Your One Stop, Mortgage Shop!” https://local.google.com/place?id=4291748577655334900&use=posts&lpsid=8531984673997911275