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.


Recent Popular Articles

Competition in mortgage market may drive rates lower.

Last week the Bank of England’s Monetary Policy Committee  voted unanimously to keep its monetary policy on hold, maintaining interest rates  at 0.25 per cent.

Foxtons reveals performance in line with expectations in latest qtr trading update

Foxtons plc, London's leading estate agency, yesterday 18th october 2017 issued its trading update for the quarter ended 30 September 2017. The update revealed that:

Steady increases in house purchase lending and homeowner remortgaging in November 2017 according to UK Finance

The latest Mortgage Trends update for November 2017 from UK Finance released 16th January 2018 headlines 'Mortgage Market activity bouyant during November 2017.' The update

Countrywide PLC Half-Year Results

Countrywide plc, the UK's largest integrated property services group, announced its results yesterday for the six months ended 30 June 2016. Countrywide warned that its

The million pound plus market is most active in Cambridge reveals Rightmove

New analysis by the UK’s number one property website Rightmove reveals that the million pound plus market is most active in Cambridge, with homes on