Mortgage lending set to reach the highest level in over a decade in 2021

However, she also emphasised that the Government needs to provide a roadmap for housing in the UK ahead of certain measures coming to an end.

Ms Davies explained: “With the Stamp Duty holiday soon coming to an end, and the Help to Buy scheme due to conclude in 2023, there is still a need for a coherent, long-term housing strategy from the Government that embraces the public as well as the private sectors – and delivers a market that meets Britain’s housing needs for the decades to come.”

Rob Thomas, IMLA’s Principle Researcher and the new report’s author, highlighted how digitalisation has helped lenders reach out consumers with mortgage offerings.

Mr Thomas said: “The digital transformation of lenders is also likely to accelerate as a consequence of the hybrid office/home working model and lower use of physical branches now that more customers have become accustomed to remote banking.

“There is a positive aspect to these changes as they reduce costs, which is likely to be passed on to customers.”


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