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Almost 90% of broked applications successful in Q2: IMLA
The trade body says 88 per cent of applications were successful in the period, up 13 per cent year-on-year, according to its latest Mortgage Market Tracker.
The trade body began keeping the figures in Q1 2016.
The percentage of offers that complete has also grown year-on-year, from 75 per cent in Q2 2016 to 81 per cent in 2017.
The trade body notes that first-time buyers saw applications resulting in successful offers rise from 71 per cent in Q2 2016 to 88 per cent in Q2 2017.Source: Mortgage Strategy 30/08/2017
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Select Mortgage Solutions is an appointed representative of Stonebridge Mortgage Solutions Limited which is authorised and regulated by the Financial Conduct Authority.