There was much talk about the effect that stamp duty changes at the start of April would have on the Leicester property market and on the rest of the country, but new mortgage figures paint a very positive picture of mortgage lenders willing to offer people like you the money to make your next move with Keywest.

New estimates from the Council of Mortgage Lenders (CML) do show that lending fell between this March and April. This is far from depressing news, however, given that the amount of money that was lent was still at record levels for the month.

Gross mortgage lending figures reached £18.5 billion in April, and despite this being less than the £26.2 billion seen in March, it is still a rise of 16 per cent on the levels witnessed in April 2015. Last year, the same month saw lending of just £16 billion.

This April’s figures are the highest experienced for the month in seven years. The last April to beat it was back in 2008, when total mortgage lending reached £25.3 billion.

CML economist Mohammad Jamei is predicting that the stamp duty changes will be further left behind as the year progresses and the outlook for people borrowing to buy property will be a positive one thanks to strong economic conditions and good employment levels.

Experts are also reporting that enquiry levels about mortgage possibilities are currently at normal expected rates and that these enquiries will be reflected by this year’s third-quarter lending figures.

There is a consensus that the EU referendum in June could have a knock-on effect within the property market, as some people will await the outcome before deciding on their next move, but this could be counteracted by some tempting offers from lenders.

Some mortgage experts are predicting that lenders could look at increasing the numbers of long-term deals involving terms as long as 40 years, for example, in order to give borrowers who cannot afford shorter-term mortgages another option to allow them to progress on the property ladder.

If you’re looking to get a mortgage to finance your next property move, our expert team at Keywest can help. We are obviously in a prime position to help you to find the perfect property to buy – and assist you with selling any current property you may have – but we are also on hand to offer you the very best mortgage advice.

Whether you’re looking for your first loan to buy a home or want to know your options when your current mortgage deal ends, you can be assured that our team are always right up to date on current market conditions and ready to guide you through your choices and help you to secure the best possible deal.

Call us today – 01162 544 555 – and let our property experts help you find your ideal home!