Buy-to-Let lending decreased in Q4 2017 according to BOE
March 14, 2018
Bank of England published 13th March 2018 Mortgage Lenders and Administrators Statistics – 2017 Q4
New residential mortgage lending activity decreased in Q4 2017 from the previous quarter. In total £69.1 billion of new residential loans were advanced to individuals during the quarter. This was a 2.5% decrease compared to the previous quarter however a 10.1% increase from the same quarter last year.
New commitments increased by 5.2% from £61.7 billion in Q4 2016 to £64.9 billion in Q4 2017.
The share of buy-to-let (BTL) lending decreased to 12.7% in Q4 2017; this is the lowest percentage since Q3 2013.
Read the BOE publication 13th March 2018 in full click here.
You May Also Enjoy
Restoring the Past: How to Expertly Repair Wooden Windows with PM Windows Ltd
Why Wooden Windows Deserve a Second Life Wooden windows are a hallmark of classic British architecture, offering timeless beauty, warmth, and craftsmanship rarely matched by modern alternatives. Whether adorning a Georgian townhouse or a Victorian terrace, their charm lies in both their aesthetics and their heritage value. However, timber windows are not immune to the…
Read More 
Slight rise in house prices as market maintains strength
Halifax House Price Index • House prices increased by +0.3% in April vs -0.5% in March • Average property price now £297,781 compared to £296,899 in previous month • Annual rate of growth at +3.2% up from +2.9% in March • House prices remarkably stable over last six months, down by just £48 • Northern…
Read More
Industry Reacts to Bank Rate Cut
Nathan Emerson, CEO of Propertymark: “Today’s news will no doubt be extremely welcome for many, especially given current economic uncertainties. International bodies have recently stated they expect interest rates to fall in the UK as the year progresses. Overall, we hope to see interest rates further continue their downward trajectory over the course of 2025. …
Read More 
Rightmove reaction to Bank Rate cut
Matt Smith, Rightmove’s mortgage expert says: “The much-anticipated second rate cut of the year has arrived, and with some lenders having taken their time to pass on the benefits of the expected Bank Rate cut, I think we may now see further reductions in the coming days and weeks. A fresh round of mortgage rate…
Read More 
Zoopla crowns Glenrothes the most popular affordable town for families as one in three fear being priced out of their ideal area
New Zoopla research pinpoints Glenrothes in Scotland, with an average three-bedroom home value of £136,900, as the most attractive option for families seeking affordability All of the towns in the top ten are located in Scotland and Wales, apart from Dartford and Swanley in the South East Three-bed homes in the most popular affordable towns…
Read More 
UK government admits almost no evidence nature protections block development
Environmental lawyer says it’s deeply frustrating that the Government is pushing major changes to conservation law without supporting data or research Whitehall analysis provides no data or research to support the government argument that environmental legislation holds up building. Ministers say the new bill will speed up housing developments and large infrastructure projects by allowing…
Read More