(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
London rents outperform property values
The latest research by London lettings and estate agent, Benham and Reeves, has revealed that rental growth has outperformed house price growth across 26 of London’s 32 boroughs since the start of the year, with rents continuing to climb despite weaker property price performance across much of the capital. Benham and Reeves analysed the average…
Read More 
Rental property availability falls
The number of rental properties available across England fell by 12.1% during the third quarter of 2026, according to new analysis by Dwelly, highlighting an increasingly competitive rental market in many parts of the country. Dwelly is one of the UK’s largest rental property management groups, with more than 15,000 properties under management. The firm’s…
Read More 
Average advertised rents surpass £1,400 for the first time
The average advertised rent of homes outside London has risen to a new record of £1,418 per calendar month, up 1.5% this quarter: Despite a new record rent, annual rental growth has returned to a more stable level of +2.4% Number of available rental homes nationally is 2% lower than a year ago, while renter…
Read More 
Barclays unlocks wider mortgage access for company directors
Limited company directors who meet the income threshold can now have their Profit After Tax (PAT) considered in their affordability assessment regardless of property value The change means that, for a wider group of limited company directors, Barclays will consider a fuller view of the applicant’s income The update is the latest in a series…
Read More 
Homebuyer demand fall in Q3
The latest sales demand data from eXp UK has revealed that homebuyer demand in England slipped by -1.6% in Q3 2026. The analysis shows that just five counties managed positive growth during the quarter, suggesting that buyers may be holding back, adopting a wait-and-see approach ahead of what promises to be a vital Autumn Budget –…
Read More 
Alterations can change a property’s rebuild cost
‘Don’t get caught short’ warning to homeowners from valuations experts – alterations can change a property’s rebuild cost Properties change over time. Homeowners may add an extension, upgrade a kitchen or bathroom, alter the layout, or even change how the building is used, but when do those changes mean it’s time for a new rebuild…
Read More