Increase in Mortgage Volumes to 29%

Recent figures place the year on year mortgage lending volume up by 29% for August 2009, this in part is due to the increase in mortgage lending for house purchases.
The volume for remortgages and buy-to-let has dropped, so why is volumes up? It looks like the number of properties at the lower end of the market is the driver for these figures. So as lenders begin to slowly unwind some of their tighter lending criteria we could soon see some more positive data released.