Just Mortgages has has reported a record month for both applications and exchanges in September 2020.

The total number of applications reached 1,750, and exchanges were noted at 1,500.

On a monthly basis, the number of applications rose by 20% compared with August 2020, and annually the figure was up by 40%.


Just Mortgages: PM’s 95% mortgages should not be tax-backed

The firm attributes the recent surge to individuals taking advantage of the stamp duty holiday.

John Phillips, national operations director for Spicerhaart and Just Mortgages, said: “The volume of people looking to move house is higher than anyone may have expected it to be.

“There has been a massive surge in those looking to move, potentially as a result of people really reflecting on what type of property they want to live in after being stuck in their home during lockdown.

“The housing market has been one of the few bright spots of 2020.

“As a result, it really is a very positive time to be a broker and the desire to be self-employed appears to be higher than ever.

“We continue to see record numbers of brokers want to join our self-employed arm as it offers the best of both worlds, providing the support of a larger company while allowing the broker to take their business in whatever direction works best for them.”