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

estate agent networking

ADVERTISE TO 250,000 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

Estate Agent Talk

Landlord EICRs Compliance in 2026: EICR Rules, Costs & Risks — Interview with Ethem from Efficient Home Energy

With thousands of landlords approaching their next round of electrical safety renewals, 2026 is shaping up to be a crucial year for safety compliance. In this exclusive interview, Ethem, an electrical safety expert from Efficient Home Energy, breaks down the risks, the regulations and the practical steps landlords and letting agents must take to stay compliant and protect…
Read More →
Breaking News

Mortgage arrears and possessions Q3 2025

UK Finance today releases its latest mortgage arrears and possessions data for Q3 2025, while highlighting continuing lender support for any customers facing financial difficulty. Key Information  The number of homeowner mortgages in arrears fell by four per cent in Q3 2025 compared to the previous quarter. The number of buy-to-let (BTL) mortgages in arrears…
Read More →
Love or Hate Rightmove
Breaking News

Glasgow agents coughing up the most commission to Rightmove

The latest research from The Property DriveBuy reveals that Britain’s estate agents are paying an average of 7.2% of their sales commission to Rightmove, with agents in Glasgow and Newcastle taking the biggest hit from the property portal market leader. The Property DriveBuy has compared the estimated average sales commission of an estate agent in Great…
Read More →
Breaking News

Property transactions forecast to climb 8.5% in 2025

The latest market analysis by GetAgent.co.uk suggests that the doom and gloom headlines surrounding the property market are misplaced, as not only has the market stood firm where property values are concerned, but transactions are forecast to increase by 8.4% across the UK market in 2025 when compared to last year, signalling the strongest year for…
Read More →
Breaking News

Elizabeth line rental growth outpaces wider London market

Elizabeth line rental growth outpaces the wider London market, with commuter towns leading the charge where rents are up 41% The latest research from London lettings and estate agent, Benham and Reeves, has found that since the Elizabeth line fully opened in May 2023, rental growth along the route has outpaced the wider London average…
Read More →
Rightmove logo
Breaking News

Rightmove seeks agent views on stamp duty reform to take to government

The UK’s largest property platform Rightmove is calling for agent views on how reforms to the stamp duty system could work best in England. It follows rumours the government is considering changes to the way the tax works in England in the forthcoming Autumn Budget. One rumoured proposal would see the current system replaced by…
Read More →