Posts Tagged ‘council of mortgage lenders’
An increase in gross mortgage lending of 12% for 2016 on previous year
The Council of Mortgage Lenders (CML) yesterday reported in a press release that they estimated that gross mortgage lending reached £20.4 billion in December. The CML mentions that the estimated gross mortgage lending total for the year 2016 is £246 billion, a 12% increase on the previous year of £220 billion and the highest annual…
Read Morelending for landlords wanting to offer longer tenancies
The Council of Mortgage Lenders (CML) news release yesterday 19th January headlined ‘Fact Check: Do lenders really oppose longer tenancies?’ The CML points out: As market conditions have steadily improved in the aftermath of the financial crisis, lenders have continued to make funding more readily available for housing in all tenures, as part of this…
Read MoreCML publish their annual review
The Council of Mortgage lenders (CML) recently published its annual member review, reporting on a busy year representing the interests of 136 firms that advance and administer 97% of the UK’s mortgages. Their report started: In a politically turbulent year, the mortgage market was open for business, and lenders remained well funded and capitalised. Lending…
Read MoreDrop in loans to home buyers in October
Council of Mortgage Lenders (CML) press release published yesterday 14th December headlined ‘8% fall in loans to home-buyers in October’ The news release leads: Home-owners borrowed £10.5bn for house purchase, down 8% month-on-month and 11% year-on-year. They took out 57,800 loans, down 8% on September and 13% on October 2015. more… Paul Smee, director general of…
Read MoreMortgage lending in september down on previous month
The Council of Mortgage Lenders (CML) yesterday published their market commentary which headlined ‘Gross mortgage lending £20.5 billion in September’. In the news release the CML estimates that gross mortgage lending reached £20.5 billion in September. This is 7% lower than August’s lending total of £22.1 billion, and 2% higher than the £20.1 billion lent…
Read MoreCML responds to FCA announcement
The Council of Mortgage Lenders (CML) this week responded to the FCA’s announcement of a consultation on a potential framework for remediation to address past arrears calculation methodology problems. To read the news release from the CML in full click here Paul Smee, CML director general, says: “Those lenders who used the arrears calculation methodology…
Read MoreBuy-to-Let lending down on August.
Press release published today from the Council of Mortgage Lenders (CML) headlines ‘August House Purchase Lending up 11% compared to a year ago.’ The news article leads: Home-owners borrowed £12.2bn for house purchase, up 14% month-on-month and 11% year-on-year. They took out 66,000 loans, up 13% on July and 9% on August 2015. Paul Smee, director general…
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…
Read MoreHouse purchase Lending for July down on June.
Press release published yesterday 14th September, from The Council of Mortgage Lenders (CML) headlined ‘July house purchase lending down 13% on June’. The report leads: Home-owners borrowed £10.6bn for house purchase, down 13% month-on-month and 12% year-on-year. They took out 58,100 loans, down 14% on June and 13% on July 2015. Paul Smee, director general of the…
Read MoreMortgages in arrears continue to fall
A recent news report from The Council of Mortgage Lenders (CML) headlined ‘Arrears and possessions continue to fall’. The number of mortgages in arrears continued to fall in the second quarter of this year, and is now at its lowest level since records began more than 20 years ago. Data from the CML show that…
Read MoreFirst-time buyers continue to drive house purchase lending.
News release today from the Council of Mortgage Lenders (CML) headlined ‘First-time buyer lending up 25% in June compared to a year ago’ On an unadjusted basis, in June: Home-owners borrowed £12.3bn for house purchase, up 29% month-on-month and 12% year-on-year. They took out 68,200 loans, up 26% on May and 8% on June 2015. more… On…
Read MoreGross mortgage lending increases
The Council of Mortgage Lenders (CML)June gross mortgage lending estimate published yesterday 21st July headlined ‘Gross mortgage lending climbs in June’. The Council of Mortgage Lenders estimates that gross mortgage lending reached £20.7 billion in June. CML senior economist Mohammad Jamei said: “The result of the EU referendum is likely to affect the housing market,…
Read Morehouse purchase lending up 8% yr on yr in May
The Council of Mortgage Lenders (CML) in a press release published today on their website states ‘May house purchase lending 8% up on a year ago’. In May (In Brief) according to CML, Home-owners borrowed £9.4bn for house purchase, First-time buyers borrowed £4.3bn, Home movers borrowed £5.1bn, Remortgage activity totalled £5.2bn and Landlords borrowed £2.6bn. Paul…
Read MoreMortgage Lending in May higher than previous month.
In a news item published on their website yesterday: The Council of Mortgage Lenders (CML) estimates that gross mortgage lending reached £18.2 billion in May. Lending was 4% higher than April (£17.6 billion), and 14% higher than May 2015 (£16 billion), and the highest May figure since 2008 when gross lending reached £23.7 billion. They…
Read MoreLondon house purchase and remortgage lending up in Q1
Press release yesterday from the Council of Mortgage Lenders (CML) headlined London house purchase and remortgage lending up year-on-year in first quarter (Q1) of 2016. Home buyers in London borrowed £7.1bn for house purchase in the first quarter of 2016, up 6% quarter-on-quarter and 41% on a year ago. They took out 21,400 loans, down 2%…
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