Gross mortgage lending in December stood at an estimated £11.7 billion, according to the Council of Mortgage Lenders (CML). The total falls 12% short of the £13.2 billion recorded in November but is up 12% year-on-year. In fact, December was the fifth month in a row to show annual growth in mortgage lending, with 2011′s [...]
gross mortgage lending
Mortgage lending subdued but stable
Gross mortgage lending came in at around £13.4 billion in August, up 6% on July and having risen 10% compared with a year earlier. According to the Council of Mortgage Lenders, the monthly total is at its highest for over two years and marks the best result for August since 2008. However, the Council’s chief [...]
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 [...]
Home ownership goal stretched to aged 38
Brits with property-owning ambitions don’t expect to be able to buy their first home until aged 38, or 43 for Londoners, according to new research from moneysupermarket.com. With only 1,581 home loans currently available to first-time buyers (compared with 14,940 in July 2007) the average loan-to-value ratio stands at 77%, meaning new buyers aiming for [...]
UK housing market “stuck in a rut”
Gross mortgage lending remained flat in February, at around £9.5 billion, according to new data from the Council of Mortgage Lenders (CML). The total is less than 1% up year-on-year and any seasonal pick-up in house purchase demand appears to be weaker, despite a lull in activity at the start of 2010, following the end [...]
Mortgage lending at its lowest since 2000
Gross mortgage lending fell 6% in December, compared with a month earlier, to the lowest level recorded since 2000.
According to the Council of Mortgage Lenders (CML), the £11 billion total also reflects an annual decline of 18%, although comparisons are distorted by the ending of the 2009 stamp duty holiday.
For 2010 as a whole, lending [...]
Mortgage lending shifts back a decade
Gross mortgage lending fell to an estimated £11.1 billion in November, according to the Council of Mortgage Lenders (CML).
The figure represents a 5% drop on October and is down 10% year-on-year, although the flurry of housing market activity created by the end of the 2009 stamp duty holiday needs to be taken into account [...]
