First-time buyer numbers increased in December, according to the Council of Mortgage Lenders (CML). During the month, there were 18,700 loans advanced to first-time buyers, with the figure up 7% from November. CML data also show a 3% rise in the number of properties purchased below the stamp duty concession, which leaves first-time buyers free [...]
approvals
Banks’ mortgage lending stable
High Street banks approved 74,590 mortgages in July, up from 71,521 in June and ahead of the previous six-month average (69,803), according to the British Bankers’ Association (BBA). House purchase approvals rose to 33,417 following on from June’s 32,123 and ahead of the previous six-month average (30,695). At £151,500, the value of the typical house [...]
House purchase lending slips in April
UK lenders approved 45,166 mortgages for house purchases in April, Bank of England figures show. The total compares with 47,145 homebuyer loans sanctioned in March, and a previous six-month average of 46,179. In addition, remortgaging approvals declined to 28,091, as fears over interest rate rises subsided (March: 31,201; previous six-month average 32,534). According to the [...]
BoE: Mortgage approvals up in March
The Bank of England has today revealed mortgage approvals rose in March. According to the Bank, there were 44,000 loans approved in the month, up from February’s 43,000. However, the figure remains well below the 51,000 approved in the same month a year ago. The figures come a day after the Council of Mortgage Lenders [...]
House purchase mortgage approvals down by almost a third
The UK’s banks saw net mortgage lending (gross lending with repayments and redemptions stripped out) rise slightly in January, compared with December.
However, the British Bankers’ Association reports that while house purchase approvals were also slightly up on a monthly basis (28,932) volumes were down 29% when compared with January 2010.
In addition, the value of the [...]
New mortgage lending shrinks
New mortgage lending shrank in December, by £0.3 billion, compared to a rise £0.5 billion in November and a previous six-month average of plus £0.6 billion, according to Bank of England figures.
The number of loans approved for house purchase declined to 42,563, down from 47,287 in November, and compared with a previous six-month average [...]
Sharp rise in remortgaging approvals
Mortgage lending rose by £0.8 billion in November, with the rate of increase falling back from £1.2 billion in October but remaining slightly above the previous six-month average of £0.7 billion.
The number of approvals for house purchases stood at 48,019 – volumes were up slightly on October and held their own against a previous [...]
Remortgaging activity continues revival
The UK’s High Street banks approved 29,991 mortgages for homebuyers in November, down slightly from October’s total of 30,689, according to the British Bankers’ Association (BBA).
The average value of a house-purchase loan rose slightly to £145,000, showing a 1.9% increase on a year earlier.
Remortgaging activity improved, with 27,045 loans sanctioned, compared with 24,785 a month [...]
