(CML) Market commentary September 2016
September 23, 2016
The Council of Mortgage Lenders (CML) yesterday 22nd September published their Market commentary September 2016.
The topics mentioned in the lead paragraph as follows.
Hard economic data after the referendum is still scarce, but surveys point to a recovery in sentiment in August
Our estimate of gross mortgage lending for August is £22.5 billion, up 15% compared to a year ago
Prospects for house purchase activity look slightly subdued but remortgage activity could see growth
Following significant monetary stimulus last month, the Bank of England continues to indicate that another rate cut is on the cards, if medium term prospects remain unchanged
To read the publication in full on the CML website click here
You May Also Enjoy
Fear of a chain-breaks biggest concern in current market
The latest insight from quick sale specialists, House Buyer Bureau, has found that the most common reason homeowners choose a quick sale is no longer financial hardship, ill health, or the death of a loved one, but the desire to keep their onward move on track in an increasingly uncertain housing market. The internal data from…
Read More 
Property auctions generate complaints at four times the rate of the wider housing market
Property auctions account for just 2% of home sales but generate more than four times their share of complaints, according to a new insight report by the Property Ombudsman. The report highlights that while auctions remain a relatively small part of the wider residential property market, they are generating a disproportionately high level of consumer…
Read More 
UK rents see upward trend in early 2026
Lomond’s report finds UK average rents rise to £1,384pcm in the first three months of 2026, compared to 2025. Average rent in London reaches £2,339pcm, 69% higher than the UK average. Kent records the network’s highest rental uptick of +9%, in early 2026. Tenant demand strengthens with a +28% increase in viewings activity in 2026. Lomond observed the average rent across its network of lettings…
Read More 
Landlord repossessions rose 6% ahead of Renters’ Rights Act
Landlord possession claims rose by almost 6% in the first quarter of 2026 as property owners moved to regain control of homes before the Renters’ Rights Act came into force on 1 May, according to analysis by LegalforLandlords. LegalforLandlords analysed the latest repossession data* and found that during Q1 2026, a total of 22,733 possession…
Read More 
Tenant confidence in RRA compliance sits at just 32%
Barely a third of managed tenants believe their management company is compliant following RRA changes The latest insight from property management specialist, Rushbrook & Rathbone, reveals that whilst managing agents had until 31st May to distribute new documentation following the latest RRA implementations, almost 60% of tenants living in managed properties have seen no changes…
Read More 
Six issues that make your property unmortgageable
The latest market insight from House Buyer Bureau has revealed six common issues that could see a homeowner’s property deemed unmortgageable by lenders, drastically reducing the pool of potential buyers and making it far harder to sell on the open market. House Buyer Bureau analysed some of the most common reasons properties fail lender criteria, alongside the…
Read More