Posts Tagged ‘bank of england’
Mortgage approvals for house purchase were broadly stable according to BoE
Bank of England (BoE) statistical release yesterday 29th June 2017: Money and Credit – May 2017 Lending to individuals: lending secured on dwellings. Net lending secured on dwellings was £3.5 billion in May, up from the 12-month low of £2.7bn seen in April. Mortgage approvals for house purchase were broadly stable at 65,202, while approvals…
Read MoreBank of England holds interest rate at 0.25%
The Bank of England’s Monetary Policy Committee (MPC) announced yesterday the result of their meeting 14th June. The MPC voted by a majority of 5-3 to maintain Bank Rate at 0.25%, the 5-3 vote by the Bank’s policymakers was the closest for a rate rise since 2007. Inflation is now well above the Bank’s target…
Read MoreBank of England – Bank Rate held at 0.25%
The Bank of England’s Monetary Policy Committee (MPC) at its meeting ending on 10 May 2017, voted by a majority of 7-1 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 bank reserves, at £10 billion. The…
Read MoreBoE figures show mortgage approvals to home buyers falls to six month low in March
The Bank of England (BoE) statistical release 4th May 2017… Money and Credit March 2017. Lending secured on dwellings rose by £3.1 billion in March, similar to the recent average but lower than expected. In year-on-year terms, the increase was the weakest since November 2015. Mortgage approvals secured on dwellings for house purchase and remortgaging…
Read MoreApprovals of loans secured on dwellings fell slightly in February according to (BoE)
The Bank of England (BoE) monthly Money and Credit statistical release published yesterday 29th March 2017. Key points from the data to the end of February 2017 for lending to individuals included: Lending secured on dwellings rose by £3.5 billion in February, similar to the flows in recent months. Approvals of loans secured on dwellings…
Read MoreInterest rates remain on hold at 0.25%
Bank of England – Monetary Policy Committee (MPC) Announcement and Minutes 16th March 2017. The MPC voted by a majority of 8-1 to maintain Bank Rate at 0.25% at their meeting ending 15 March 2017. The Committee voted unanimously to continue with the programme of sterling non-financial investment-grade corporate bond purchases, financed by the issuance…
Read More£62.8 billion of new residential loans was advanced to individuals during October-December 2016.
The Bank of England – Prudential Regulation Authority released yesterday 14th March – Mortgage Lenders and Administrators Statistics – 2016 Q4. The Mortgage Lenders and Administrators Return (MLAR) is a quarterly statistical release aggregated from data on mortgage lending activities provided by around 340 regulated mortgage lenders and administrators. The return confirmed: £62.8 billion of new…
Read Moremortgage approvals at 8 month high in November
UK mortgage approvals rose to an eight-month high in November, a rise of 0.19% from October, according to Bank of England (BoE) lending statistics out today. Lending secured on dwellings increased by £3.2bn in November, broadly in line with the average over the previous six months. The number of approvals for remortgaging hit an eight…
Read MoreMonetary Policy Committee decision on Thursday
The Monetary Policy Committee voted unanimously on Thursday to leave interest rates at 0.25% and asset purchases at £435bn, this was a decision very much expected by analysts. The Bank of England (BoE) reiterated that it was ready to tighten or loosen policy if needed to respond to any changes in the economic outlook as…
Read MoreInterest rates remain at 0.25%
BREAKING NEWS: The Bank of England keeps interest rates on hold at a record low of 0.25%.
Read MoreGreater London remains the UK’s worst performing region
Home.co.uk yesterday released their Asking Price Index headlined ‘London Prices Fall as Supply Leaps in the East and South’ Doug Shephard Director at Home.co.uk said: “Whilst we should expect seasonal price declines at this time of year, it is clear that the UK property market is no longer in great shape. “Brexit is not really…
Read MoreGovernor of Bank of England to remain until June 2019
Mark Carney the Governor of the Bank of England who was appointed to the position in July 2013 has reportedly confirmed that he will remain until June 2019, this dispells rumours that he was about to resign. Over the past month there have been conflicting newspaper reports suggesting that Mr Carney was about to resign,…
Read More‘Home Prices Bounce back’.
home.co.uk today released their October 2016 Asking Price Index headlined ‘Home prices Bounce Back but Supply is on the Rise’. Their report leads: Home prices bounce back – up 0.7% since September, reversing prior falls. more…. The summary section begins: Prices are up across the board this month as optimism rises on the back of…
Read MoreTougher buy to let lending rules for landlords
The Prudential Regulation Authority (PRA), the supervisory arm of the Bank of England, has confirmed it will bring in tougher underwriting standards for buy-to-let lenders following an earlier consultation. Tougher lending restrictions are to be imposed on Landlords when applying for buy to let mortgages, the new rules will require banks and mortgage providers to…
Read More(CML) Market commentary September 2016
The Council of Mortgage Lenders (CML) yesterday 22nd September published their Market commentary September 2016. The topics mentioned in the lead paragraph as follows. Hard economic data after the referendum is still scarce, but surveys point to a recovery in sentiment in August Our estimate of gross mortgage lending for August is £22.5 billion, up…
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