Mortgage applications at Countrywide rose 1% while applications for two-year mortgage terms generated the highest volume of applications at 77% – A 36% increase compared to September last year.
The UK’s largest mortgage broker, which currently has around 700 consultants, said remortgage activity remained at their highest levels since June 2009 for the third consecutive month, making up 22% of all mortgage applications.
Buy-to-let mortgages made up 13% of overall mortgage applications – up 4% year-on-year, while the average interest rate of Countrywide’s Top 10 Mortgage Applications was 4.66%, up 0.12% from August but down 0.78% decrease on September 2009.
Grenville Turner, chief executive of Countrywide, said: “Activity across the UK property market in September provides some positive signs
