Mortgage enquiries skyrocket in June – what could this mean for the state's announcement?

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    This index, according to Halifax, is the UK’s longest running monthly house price series with data covering the whole country going back to January 1983.

    The report is primarily focused on house prices but this month’s edition highlighted that demand alone has shot up in recent weeks.

    As Russell Galley, the Managing Director of Halifax, detailed: “Activity levels bounced back strongly in June, which is typically the busiest month for mortgage activity in the UK.

    “New mortgage enquiries were up by 100 percent compared to May, and with prospective buyers also revisiting purchases previously put on hold, transaction volumes rose sharply compared to previous months.

    READ MORE: How to improve mortgage approval chances ahead of stamp duty changes



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