Olympic slump? The opposite's the case!

Mortgage lending and remortgaging appear to have gone through a busy few weeks.

With a number of lenders starting to offer under-3% interest rates for four to five year terms, home owners have submitted a rather large number of remortgage applications in late July and August, according to conveyancing specialists LMS.

Whilst experts had expected the Olympic Games to take precendence and deter home owners for a few weeks, it seems like shopping for a mortgage deal has still been high on the agenda.

Overall, July has proven to be a busy month for mortgage lending. The British Bankers Association (BBA) reports that high street banks' lending increased by 0.8% in July - maybe not a huge jump, but possibly showing a trend?