According to data from Stonebridge Mortgage Solutions, mortgage completions by number of cases and by value showed improvements of 15 per cent and 12 per cent respectively between August and September.
Over the year to date since September 2012, the number of cases completed were up by 79 per cent and the value of mortgages had risen by 67 per cent.
Quarter three figures also showed ongoing growth, with the value of mortgages up 22.5 per cent on the previous three months and case numbers up 19 per cent. Mortgage completions for the same period went up by 71 per cent.
Richard Adams, managing director of Stonebridge Group, said: “There are many reasons for this growth. There has been the government and Bank of England stimulus to the housing and lending markets, as well as the increased appetite from lenders and we have seen an increase in adviser numbers and productivity within the business.”
Andrew Morgan, director of Cheshire-based Now Financial Solutions, said: “There are some great rates out there and a lot more confidence. The government’s help to buy scheme has definitely improved confidence and promoted activity. Even if clients don’t use help to buy, they are now thinking more about buying. It generates positivity and people think: ‘Mortgage rates are amazingly low, so buy now’.”