It’s positive that lending to first time buyers has continued to increase throughout 2017 comments Richard Sexton

Comment from Richard Sexton, director at e.surv, following the latest CML monthly lending figures. “It’s positive that lending to first time buyers has continued to increase throughout 2017. We’re seeing similar trends in our Mortgage Monitor data and believe this is largely due to record low mortgage rates on offer as well as the increased…

Read More

Mortgage activity for April lower than previous month according to CML

The latest Council of Mortgage Lender (CML) data released yesterday 13th June headlined ‘Home buyer activity in April down on March but up on a year ago’. It reveals reveals house purchase activity decreased in April month-on-month but increased year-on-year. Remortgage activity and buy-to-let declined month-on-month. On a non seasonally adjusted basis home buyers borrowed…

Read More

CML reviews housing in Scotland compared to rest of UK

Latest news release from the Council of Mortgage Lenders (CML) published  30th May 2017 headlined ‘Housing in Scotland: a key political issue’ CML looks at how the market in Scotland compares to the rest of the UK, and reviews different housing practices and policies operating north of the border. Scotland is the second largest housing…

Read More

CML estimate gross mortgage lending for April at £18.4 billion

The Council of Mortgage Lenders (CML) yesterday 25th May 2017 published news release headlined ‘Gross mortgage lending £18.4 billion in April.’ In their market commentary released the same day they headlined the following: Transactions continue to be driven by first-time buyers, as all other parts of the market remain weaker than this time last year.…

Read More

Home buyers down 12% on last year:

Home buyers up 27% in March compared to February but down 12% on last year… We’ve had a busy year in all what with Trump and Brexit! On a non-seasonally adjusted basis, lending in March: Home buyers borrowed £11.2bn First-time buyers borrowed £4.9bn for home-owner house purchase Home movers borrowed £6.2bn Home-owner remortgage activity was up…

Read More

Estimated gross mortgage lending March is 19% higher than previous month according to CML

The Council of Mortgage lenders (CML)  gross mortgage lending estimate for March and market commentary published yesterday 20th April headlined ‘Gross mortgage lending increases 19% in March. The Council of Mortgage Lenders estimates that gross mortgage lending reached £21.4 billion in March.  Gross mortgage lending for the first quarter of 2017 was therefore an estimated…

Read More

More loans taken out in first 2 months of 2017 than any year since 2007 says CML

News release yesterday 11th April 2017 from the  Council of Mortgage Lenders (CML) Monthly Lendng Trends for February 2017 headlined ‘Home buying activity up 7% in February’. The CML data revealed house purchase activity increased month-on-month and year-on-year, driven by first-time buyer activity. Remortgage activity continued year-on-year growth while buy-to-let declined. Home buyers borrowed £8.9bn,…

Read More

“Brexit” Theresa May will formally trigger Article 50 today.

Today 29th March 2017 is the day that Theresa May will formally trigger Article 50, notifying the European Union of the intention of the United Kingdom to withdraw from membership. This starts the clock running on a process that is supposed to take 2 years, however many believe that it could take longer. The timescale…

Read More