Posts Tagged ‘CML’
Housing market has been slowly building up momentum over the last few months according to CML
Press release today from the Council of Mortgage Lenders (CML) headlines ‘Gross mortgage lending £18.2 billion in February’. The Council of Mortgage Lenders estimates that gross mortgage lending reached £18.2 billion in February. Read the CML Gross Mortgage Lending release in full click here. In the Market Commentary report also released today it states: The…
Read Moremortgage market has been resilient and adaptable in 2016 says CML
News release from the Council of Mortgage Lenders (CML) this week headlined ‘Mixed picture in December but first-time buyer lending healthy says CML” New data from the CML released this week reveals house purchase activity increased month-on-month and year-on-year but remortgage and buy-to-let levels decreased. Paul Smee, director general of the CML, commented: “2016 could…
Read MoreA decline in number of properties taken into possession last year
News release from The Council of Mortgage Lenders (CML) yesterday 9th February headlined ‘Mortgage possessions down again in fourth quarter of 2016’ According to new data from the CML the number of properties taken into possession last year declined by almost 25%, over the course of 2016, the number of mortgages in arrears also fell by 7%.…
Read MoreLending to first-time buyers in November up on previous month
Press release today from the Council of Mortgage Lenders (CML) headlines ‘House purchase lending up 5% in November’ Home-owners borrowed £11bn for house purchase, up 5% month-on-month and 2% year-on-year. First-time buyers borrowed £4.7bn, up 4% on October and 9% on November last year. Paul Smee, director general of the CML, commented: “November lending reflected stable…
Read MoreCML welcomes announcement on funding for affordable housing
The Council of Mortgage Lenders (CML) last week welcomed the announcement by the Communities Secretary Sajid Javid on funding for affordable housing, and the government’s commitment to widen the tenure choices for people who cannot afford to buy a home outright. Commenting on today’s announcement, CML director general Paul Smee said: “Today’s announcement can deliver the tenure flexibility that…
Read MoreGross lending for November 3% up on previous month
The Council of Mortgage Lenders (CML) yesterday published new housing market forecasts. Market commentary: 2017 and 2018 forecasts Reported gross lending of £21 billion in November, that is up by an estimated 3% on October, and 3% up on a year ago. Commenting on market conditions and prospects, CML director general Paul Smee said: “Overall, the…
Read MoreHouse purchase lending down in London
The Council of Mortgage Lenders (CML) published today press release headlined ‘Loans to first-time buyers up but movers down in London’. In it’s news release it begins by mentioning that in the second quarter home buyers in London borrowed £5.5bn for home-owner house purchase, down 23% quarter-on-quarter and 3% on a year ago……more Paul Smee, director…
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