Mortgage lending stabilised in 2010 after “very sharp” falls in 2008 and 2009, the Council of Mortgage Lenders (CML) has reported.
Over the whole of last year, there were 529,300 loans advanced for house purchase (worth £77.1 billion) up 3% by volume and 11% by value on a year earlier.
Loans for remortgage were at a [...]
remortgage
Mortgage lending stabilises in 2010
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 [...]
Mortgage lending stable in November
Mortgage lending remained stable in November of last year, compared with October, with the UK’s banks and building societies advancing 44,000 loans for house purchase (worth £6.3 billion), according to new data from the Council of Mortgage Lenders (CML).
However, compared with a year earlier, the figures are down 15% by volume and 13% by [...]
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 [...]
