60 0 0 1 .1 top 90% bottom 60% true 360 180 none .05
Skip to content

estate agent networking

ADVERTISE TO 300,000 PROPERTY PROFESSIONALS

One of the UK's leading Property News Channels with 1,000's of Estate Agency Members. Increasing Service Provider Visibility, Influence and Lead Generation.

Advertise Contact Us

Substantial increase in remortgage lending

March 11, 2016

The Council of Mortgage Lenders (CML) data shows on an unadjusted basis, lending in January.

Home-owners borrowed £8.4bn for house purchase, down 25% month-on-month but up 12% year-on-year. They took out 46,200 loans, down 27% on December but up 5% on January 2015.

First-time buyers borrowed £3.3bn in January, down 27% on December but up 14% on January last year. This totalled 21,400 loans, down 28% month-on-month but up 6% year-on-year.

Home movers borrowed £5.1bn, down 24% on December but up 11% compared to a year ago. This totalled 24,800 loans, down 26% month-on-month but up 3% on January 2015.

Home-owner remortgagors borrowed £5.8bn, up 35% on December and 32% compared to a year ago. This totalled 33,100 loans, up 28% month-on-month and 19% compared to a year ago.

Landlords borrowed £3.7bn in January, up 9% month-on-month and 42% year-on-year. This came to 23,100 loans in total, of which 13,400 were for remortgage, up 3% compared to December and up 31% compared to January 2015.

To see the report in full  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

Letting Agent Talk

How much to live along the London Marathon Route

Local lettings and estate agency, Kinleigh, Folkard & Hayward, reveal the costs to live along the iconic route – from the start in Blackheath to Greenwich all the way to Tower Bridge Sunday 26th April sees the iconic London marathon – the world’s biggest annual one-day fundraising event – return to the streets of London.…
Read More →
Home and Living

FIVE food cupboard cleaning products that beat the branded – all under £1.50!

Use white wine vinegar to get rid of yellow pillow stains Many cleaning products Brits already have in their food cupboards Cleaning expert on five cleaning products that can help clean your bedroom From limescale to stubborn stains, many household messes can be tackled with items that are probably at the back of your food…
Read More →
Breaking News

Taxing times for bereaved families as IHT receipts hit a fresh record

Inheritance Tax receipts for April 2025 to March 2026 are £8.5 billion, which is £0.2 billion higher than the same period last year. This surpasses the £8.2 billion recorded the previous year and marks a fifth consecutive annual record. Rising receipts come amid intensified enforcement and public criticism that the inheritance tax system is unfairly…
Read More →
Breaking News

UK property management sector tops £37bn

The latest research from Property Inspect reveals that the UK property and facilities management sector grew by 4.1% in 2025, with annual revenue surpassing £37.7 billion. Forecasts suggest that 2026 will see this figure continue to rise. Property Inspect has analysed data on the estimated market size of the UK’s facilities and property management industry,…
Read More →
Estate Agent Talk

How Estate Agents in Cambridge Support First-Time Buyers

Buying your first home can feel both exciting and overwhelming. If you are doing it in a city like Cambridge, you can probably dial that terror up a few notches. It is a place where historic charm meets a high-octane tech economy, and that combination creates a property market that operates differently from many other…
Read More →
Breaking News

UK House Price Index for February 2026

The latest UK House Price Index for February 2026 shows that:   The average monthly rate of house price growth in February was +0.1%. Average UK house price annual inflation was 1.2% in the 12 months to February 2026. As a result, the average UK house price currently sits at £268,000.   Damien Jefferies, Founder…
Read More →