Mortgage lending is on the rise again. It has infact gone up 26% in the last month and looks like it will continue to do so. The Council of Mortgage Lenders has announced an advance from £12.7billion to £16billion between the months of June and July.

I would recommend that if you are lucky enough to be able to get a mortgage that another good tip could be to invest in a property to rent out as many people who cannot get on the property ladder are continuing to rent in the current climate. If you can pay off a mortgage by the income you are getting from someone renting your property then it really is happy days, and you may even then have enough spare to buy another property. You may think this is a risky time to look at such a strategy but in a way its a perfect time because if you buy now, before the next boom in house prices, then you’ll be in the money as now is probably the best time to get a good deal.

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