An increase in total gross advances by 3.3% to £62.4 billion compared to last year according to BoE report.

Written by Allen Walkey on - Breaking News -

Bank of England (BoE) – Mortgage Lenders and Administrators Statistics -2018 Q1 published 12th June 2018.

Compared to last year, there has been an increase in total gross advances by 3.3% to £62.4 billion. Comparing gross advances to Q4 2017 however, there has been a decrease of 9.6%.

The value of new commitments was £61.1 billion, a 5.9% decrease from Q4 2017.

The share of buy-to-let (BTL) lending has increased for the first time since 2017 Q1, accounting for 14.1% of new lending.

Read the Bank of England report 12th June 2018 in full click here.

 

 

 

 

 

 

 

Author: Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

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