Gross mortgage lending of £9 billion in December was at its strongest for the whole of last year, according to the British Bankers’ Association, with the total up 12% on the same period of 2010. However, repayments by homeowners remained high and net mortgage lending (gross lending with repayments and redemptions stripped out) stood at [...]
British Bankers’ Association
Mortgage lending rallies in December
Gross mortgage lending of £9 billion in December was at its strongest for the whole of last year, according to the British Bankers’ Association, with the total up 12% on the same period of 2010. However, repayments by homeowners remained high and net mortgage lending (gross lending with repayments and redemptions stripped out) stood at [...]
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 [...]
Mortgage approvals remain subdued
Annual growth in UK banks’ net mortgage lending (gross lending with repayments and redemptions stripped out) stood at 2.2% in April, with gross mortgage lending during the month of £7.9 billion. According to the British Bankers’ Association (BBA), gross lending remained stable compared with the recent six-month average but showed a 5% decline compared with [...]
House purchase mortgage approval down 10%
The UK’s High Street banks saw net mortgage lending rise by 2.3% in March (or £0.8 billion), compared with a year earlier, as households remained focused on paying down debt. New mortgage lending held up “fairly well” according to the British Bankers’ Association (BBA) but because of of stronger remortgaging (rather than house purchase) activity. [...]
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 [...]
Mortgage approvals for house purchases slip 10%
For 2010 as a whole, house purchase mortgage approvals by the UK’s main High Street banks were down 10% on a year earlier, to fewer than 400,000, according to the British Bankers’ Association.
While the average value of house purchase approval fell slightly in December, to £143,300, the figure remained 1.6% higher than a year earlier.
Numbers [...]
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 [...]
