The increase in applications was seen across the Society’s range of mortgage products, with a higher number of cases applying for buy-to-let, 'Holiday Let' and commercial loans. The year has also been boosted by its 'Buy for Uni' product. This rise falls in line with the current rise in mortgage lending recently reported by the Council of Mortgage Lenders.
Malcolm Graham-Jones, head of lending with Bath Building Society, said: “We have experienced an increase in the purchase housing market over the last year and have reached a record high for mortgage applications, which are now in excess of £50 million. This is a 100% increase from this time last year.
"We currently have in excess of £25 million of proceedable business in place and last month was a Society record for the issue of mortgage offers and we still have two months of the year to go. This shows that Bath is still a hot spot to live in despite the rise in housing prices.”
