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…

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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,…

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Lending 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…

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Drop 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…

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Buy-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…

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House 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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Mortgage 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…

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BBA Mortgage approvals for May

According to the British Bankers Association (BBA) Gross mortgage borrowing of £12bn in the month was 10% higher than in May 2015. Borrowing in the first 5 months of 2016 was £67.5bn compared with £51.7 in the same period of 2015. Net mortgage borrowing is 3% higher than a year ago. House purchase approval numbers…

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Big Drop in Lending to Landlords

In its recent press release by the  Council of Mortgage Lenders (CML) they headlined that Home-owner house purchase lending was down in April. They mentioned that Home-owners borrowed £8.1bn for house purchase, down 40% month-on-month and 4% year-on-year. First-time buyers borrowed £3.9bn, down 11% on March but up 15% on April last year. Landlords borrowed £2.5bn, down…

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Mortgage lending growth falls back in April

British Bankers Association (BBA) today releases April 2016 figures for the high street banks. Gross mortgage borrowing of £12bn in the month was 12% higher than in April 2015. As expected, this was a slower month, following the inflated lending activity associated with borrowers completing purchases ahead of the stamp duty increase. Net mortgage borrowing is running…

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