The amount of February's mortgages was 15% above the
Despite the strong numbers in February, banking sources say that it is premature to know whether the surge in new mortgages will continue in the coming months, and that February's figure may be due to January's strike at the Land Registry, which delayed housing deals and the mortgages to finance them.
At the same time, the mortgage market got a boost on Monday, when the
It is premature to know what the interest rate cut on the mortgage market will be, but some sources predict an increase in new mortgages in the coming months, if only out of fear that the
"The mortgage market is still hot, but without the latest restriction, it would be boiling," said a top banker. He warned that, in the long term, there are ways to bypass the restrictions, saying, "We see more and more loans signed by groups of borrowers, which improves the monthly repayment-income ratio. Other solutions are to increase equity from parents or to register another property on the same mortgage. The result is that borrowers technically meet the
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