Posts Tagged ‘bank of england’
Annual house price growth slows according to Halifax
The latest Halifax House Price Index report – February 2018 released today headlines ‘Annual House Price Growth slows to 1.8%’ The report reveals that House prices in the three months to February 2018 were 1.8% higher than in the same three months a year earlier. Russell Galley, Managing Director, Halifax, said: “House prices continue to…
Read MoreMortgage approvals increased in January for both house purchase and remortgaging according to BOE
Statistical release from the Bank of England published 1st March 2018. The monthly Money and Credit statistical release is made up of three parts: broad money and credit, lending to individual and lending to businesses. Lending to individuals – data to the end of January 2018. Annual growth in secured lending was unchanged at 3.3%…
Read MoreUK house prices fall again in January on a monthly basis according to Halifax
The latest Halifax House Price Index report – January 2018 released today headlines ‘Annual House Price Growth Slows To 2.2%’ The report states: Prices in the last three months to January were 2.2% higher than in the same three months a year earlier, although the annual change in January was lower than in December (2.7%).…
Read MoreMortgage approvals decreased in December according to Bank of England
Statistical release published today from Bank of England – Money and Credit: December 2017. Lending to Individuals. Mortgage approvals decreased in December, with falls for both house purchase and remortgaging approvals. House purchase approvals were the weakest since January 2015 and remortgaging approvals fell to 46,475, following strength in October and November. Read the statistical…
Read MoreMidlands and North currently enjoying steady price growth according to Home.co.uk
Latest Home.co.uk Asking Price Index report – January 2018 released today headlines ‘Northern House Prices Up.’ In the headlines section Home.co.uk state that: Home prices tick up by the slightest margin this month, taking the mix-adjusted average for England and Wales up 0.1% since December and 2.7% year-on-year. Home.co.uk reveal that the Midlands and the…
Read MoreMortgage approvals rose in November driven by remortgaging according to Bank of England
Bank of England monthly Money and Credit statistical release published 4th January 2017 – November 2017. Lending to individuals data to the end of November 2017 include: Secured net lending remained stable in November at £3.5bn, broadly in line with the average seen since 2016. Mortgage approvals rose in November, driven by a continuing increase…
Read MoreBank of England announces Bank Rate remains at 0.5%
The Bank of England announced yesterday 14th December 2017 that at its meeting ending 13 December 2017, the MPC voted unanimously to maintain Bank Rate at 0.50%. The Committee voted unanimously to maintain the stock of sterling non-financial investment-grade corporate bond purchases, financed by the issuance of central bank reserves, at £10 billion. The Committee…
Read MoreBank of England confirms an increase in new residential mortgage lending activity in Q3 2017 from the previous quarter.
Statistical release from The Bank of England published 12th December 2017. Mortgage Lenders and Administrators Statistics – 2017 Q3 reveals: There has been an increase in new residential mortgage lending activity in Q3 2017 from the previous quarter. £70.9 billion of new residential loans was advanced to individuals during Q3 2017. This was a 13.0%…
Read MoreBank of England announces increase in Bank Rate to 0.50%
Announcement from the Bank of England today: Bank Rate increased to 0.50%. At its meeting ending on 1 November 2017, the Monetary Policy Committee voted by a majority of 7-2 to increase Bank Rate by 0.25% to 0.50%. The Committee voted unanimously to maintain the stock of sterling non-financial investment-grade corporate bond purchases, financed by…
Read MoreMortgage approvals for house purchase fell slightly in September according to BoE
Bank of England (BoE) today released Money and Credit statistical report – September 2017. Lending to Individuals: Mortgage approvals for house purchase fell slightly to 66,232 in September, close to their recent average. The annual growth rate of consumer credit has remained broadly unchanged since June, at around 10%. The flow was £1.6 billion in September,…
Read MoreAnnual rate of growth picks up for second consecutive month says Halifax
Halifax House Price Index report September 2017 released today headlines ‘Annual House Price Growth Rises to 4%. House prices in the three months to September 2017 were 1.4% higher than in the three months to June 2017. Prices in the three months to September were 4.0% higher than in the same three months a year…
Read MoreMark Carney indicates interest rates may have to rise to dampen down inflation
Governor of the Bank of England, Mark Carney, has signalled in his speech at the International Monetary Fund’s headquarters in Washington yesterday that interest rates may have to rise in coming months to dampen down inflation. In the speech, the Governor considers the impact of globalisation on inflation. He draws on the example of Brexit…
Read MoreInterest rate remains on hold at 0.25%
Bank of England Monetary Policy Committee Announcement 14th September 2017. At its meeting ending on 13 September 2017, the Monetary Policy Committee voted by a majority of 7-2 to maintain Bank Rate at 0.25%. The Committee voted unanimously to maintain the stock of sterling non-financial investment-grade corporate bond purchases, financed by the issuance of central…
Read MoreMortgage approvals for house purchases jumped to a 16-month high in July according to BOE
New Figures – Bankstats (Monetary and Financial Statistics) – July 2017 released yesterday 30th August from the Bank of England (BoE) show mortgage approvals for house purchases jumped to a 16-month high in July For the month of July some 68,689 mortgages were approved, up from 65,318 in June and a seven-month low of 65,140…
Read MoreBank rate held at 0.25%
The Bank of England announced yesterday 3rd August 2017 that the monetary committee has voted 6-2 to keep bank rate at 0.25%. The Committee voted unanimously to maintain the stock of sterling non-financial investment-grade corporate bond purchases, financed by the issuance of central bank reserves, at £10 billion. The Committee voted unanimously to maintain the…
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