Housing Market “picks up”

July 15, 2015

The Council of Mortgage Lenders (CML) says the UK housing market is picking up, following on from a quiet Spring,  homeowners took out 49,000 loans in May that is up from the previous month and  the highest number since December last year.

Paul Smee, Director General of the CML said “House lending  in May was slightly up on the previous month, suggesting the market might be waking up after a subdued first quarter, however, lending levels were still lower than they were a year ago”.

Figures from the Office of National Statistics (ONS) showed annual UK house price inflation rose to 5.7% in May, up from 5.5% in April.

David Orr, Chief Executive of the National Housing Federation responding to the May House Price Index said,“These figures show that the housing crisis is alive and well. Fuelled by consistent failure to build enough homes, the price of becoming a homeowner continues to soar beyond the reach of ordinary people. What’s more, the pace of growth is accelerating.

 

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.

You May Also Enjoy

Rightmove logo
Breaking News

Property valuation leads to agents up 55%

Rightmove, the UK’s largest property portal, has reported a 55% year-to-date uplift in property valuation leads for agents compared with the same period last year (January – May). The uplift follows the launch of Online Agent Valuation in late 2025, designed to help agents engage more effectively with prospective sellers, alongside a series of AI enhancements across Rightmove’s valuation tools. Online Agent Valuation connects agents with motivated homeowners who choose to begin their selling journey…
Read More →
Breaking News

Britain’s equestrian homes average value of £1.3m

South East accounts for one in five opportunities The latest research from LandSale, the property portal dedicated to land and rural property, has found that those inspired to enter the equestrian world following Royal Ascot this week will need a budget of £1.265m in order to get started, with the South East home to the…
Read More →
Breaking News

Interest-only mortgage stock reduces by 17 per cent in 2025

Key points: There were 445,000 pure interest-only homeowner mortgages outstanding at the end of 2025, 17.7 per cent fewer than in 2024. In addition there were 156,000 partial interest-only (part and part) homeowner mortgages outstanding at the end of 2025, 10.3 per cent fewer than in 2024. The total interest-only mortgage stock (including part and…
Read More →
Breaking News

5 building materials that give home sellers nightmares

The latest market insight from House Buyer Bureau has highlighted five building materials that can be a nightmare for homeowners, as they severely impact a property’s value, make it difficult to mortgage, and can prevent them from securing a buyer. House Buyer Bureau analysed some of the most problematic building materials found within UK homes,…
Read More →
Breaking News

UK House Price Index for April 2026

The latest UK House Price Index for April 2026 shows that: The average monthly rate of UK house price growth in April was +0.7%. Average UK house price annual inflation was 3.8% in the 12 months to April 2026. As a result, the average UK house price currently sits at £270,080.   Here is how…
Read More →
Breaking News

Private rent and house prices, UK: June 2026

Main points Average UK monthly private rent inflation continued to slow, increasing by 3.3%, to £1,383, in the 12 months to May 2026 (provisional estimate); this annual growth rate is down from 3.5% in the 12 months to April 2026. Average rents increased to £1,442 (3.4%) in England, £836 (4.7%) in Wales, and £1,009 (1.0%)…
Read More →