Mortgage Rise Bucking Trend

Summary


MORTGAGE applications are on the rise at The Hanley Economic Building Society. During the first quarter of its latest financial year, which came to an end last month, applications were up 14 per cent compared with the same period in 2010.

David Lownds, the Festival Park-based mutual's head of risk, said: "We had just under Pounds 13 million worth of mortgage applications during the quarter - we're very pleased with that because it gave us our best quarter for three years." Sentinel Business reported in October that The Hanley had unveiled a 58 per cent rise in mortgage lending - to Pounds 36 million - in the year to August 31.

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Mortgage Rise Bucking Trend

The building society, which ...

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