Lending up in February says CML

A press release published yesterday by the Council of Mortgage Lenders (CML) stated on an unadjusted basis, lending in February:

Home-owners borrowed £8.7bn for house purchase, up 4% month-on-month and 21% year-on-year. They took out 48,000 loans, up 4% on January and 12% on February 2015.

First-time buyers borrowed £3.4bn, up 3% on January and 21% on February last year. This totalled 22,000 loans, up 3% month-on-month and 11% year-on-year.

Home movers borrowed £5.3bn, up 4% on January and up 20% compared to a year ago. This totalled 26,000 loans, up 4% month-on-month and up 14% on February 2015.

Remortgage activity totalled £4.8bn, down 17% on January but up 37% compared to a year ago. This came to 28,400 loans, down 15% month-on-month but up 24% compared to a year ago.

Landlords borrowed £3.7bn in February, unchanged month-on-month but up 61% year-on-year. This came to 23,700 loans in total, up 1% compared to January and up 47% compared to February 2015.

Read the full report on the CML website click here

 

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

Breaking News

Energy Rules Without Power: Tenants and Landlords Both Question EPC Impact

New research from LRG reveals that both landlords and tenants are struggling to engage with the Energy Performance Certificate (EPC) system, raising serious questions about whether it can deliver on its intended goals ahead of the government’s 2030 targets. While landlords overwhelmingly support the principle of improving energy efficiency, confidence in the system designed to…
Read More
New Builds 2020
Breaking News

New Build Home Enquiries Double in Summer 2025 

From June to August 2025, Compare My Move’s conveyancing data shows a 120% increase in new build home purchase enquiries compared to the same period in 2024.  This surge reflects not only more people looking to buy homes overall but also a higher share of buyers choosing new builds. On average, 12% of purchase enquiries in…
Read More
Breaking News

Residential Performance Dives, Dragging Entire Sector Down

Glenigan Review sees UK construction recovery put on pause as private housebuilding activity plummets Project starts decline by 22% during the Review period, 36% down compared to 2024 levels Main contract awards value slashed by 33% year-on-year, representing a 24% decrease relative to the prior three-month period Planning approvals nosedived 48% against the previous three…
Read More
Letting Agent Talk

80% of maintenance calls happen out-of-hours

60% of landlords do not have out-of-hours management cover, despite 80% of maintenance calls coming out-of-hours The latest research by Adiuvo reveals the UK’s leading provider of 24/7 property management solutions, reveals that almost 60% of UK landlords do not have out-of-hours cover in place for maintenance, management, or emergencies. Adiuvo’s surveyed UK landlords* to…
Read More
Estate Agent Talk

Majority of agents don’t believe portal price hikes are justified with added value

New research from The Property DriveBuy reveals that the majority of UK estate agents think that the price hikes implemented by property portals such as Rightmove in recent years are unreasonably high, with most also believing they are unjustified when it comes to the value these portals have added to their proposition. The survey of…
Read More
Breaking News

Biggest property put-offs revealed by homebuyers

Biggest property put-offs could see homebuyers offer £40k less or more – From flying flags to aggressive dog breeds The latest research from Springbok Properties has revealed the biggest property put-offs that could see buyers offer as much as £40,000 less, if not more, leaving many sellers struggling to achieve their asking price in the…
Read More