Posts Tagged ‘mortgage approvals’
House prices remain broadly flat according to Halifax
Latest Halifax House Price Index report released today headlines ‘Annual House Price Growth Remains Flat at 1.8% in June’. Russell Galley, Managing Director, Halifax, said: “House prices continue to remain broadly flat, with the annual rate of growth marginally slowing from 1.9% in May to 1.8% in June. “Activity levels, like house price growth, have…
Read MoreThe May increase in mortgage approvals driven by strong growth in remortgaging according to UK Finance
Latest UK Finance Household Finance Update for May 2018 reveals that estimated gross mortgage lending for the total market in May was £22.2bn, 8.8 per cent higher than the same month a year earlier. Mortgage approvals by the main high street banks in May have also risen, increasing by 3 per cent compared to…
Read MoreHouse prices rise 1.5% in May according to Halifax
Latest Halifax House Price Index – May 2018 headlines ‘Annual House Price Growth Softens to 1.9% in May.’ Halifax revealed that on a quarterly basis, house prices were up just 0.2% in the three months from April to May compared to the previous quarter. Annual inflation rate stood at 1.9%. On a monthly basis, prices…
Read MoreApril saw steady growth in mortgage lending and approvals according to UK Finance
Latest UK Finance – Household Finance Update – April 2018. Gross mortgage lending in April is estimated to have been £20.4bn, 13.3 per cent higher than a year earlier. The number of total mortgage approvals has also risen and is 11 per cent higher, this increase is primarily driven by remortagage approvals which were almost…
Read MoreMortgage approvals decline slightly between January and February according to e.surv
The latest Mortgage Monitor from e.surv, one of the UK’s largest residential chartered surveyors, shows there were 66,364 mortgages approved (seasonally adjusted) during February 2018. Mortgage approvals decline slightly between January and February with growth in number of first-time buyers and small deposit mortgages. e.surv reveals that this month’s approvals are 1.25% lower than in…
Read MoreMortgage approvals increased in January for both house purchase and remortgaging according to BOE
Statistical release from the Bank of England published 1st March 2018. The monthly Money and Credit statistical release is made up of three parts: broad money and credit, lending to individual and lending to businesses. Lending to individuals – data to the end of January 2018. Annual growth in secured lending was unchanged at 3.3%…
Read MoreMortgage market grew in June 2017 according to e.surv Mortgage Monitor
The latest Mortgage Monitor from e.surv reveals that the mortgage market grew in June but lending to small deposit borrowers shrank over the month. Their data shows that there were more mortgage approvals in June 2017 than previous month and June 2016, there were £65,887 loans approved in June, a total 1.4% higher than the…
Read MoreMortgage 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 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 MoreOverall borrowing rose in December 2016 says BBA
The British Banker’s Association (BBA) today published figures for the High Street Banks for December 2016. They mention in the news report that: Overall borrowing rose in December 2016. House purchase approval numbers were slightly higher than in December 2015 but in 2016 as a whole were 4.1% lower than in 2015. Remortgaging approvals were…
Read MoreHouse price growth eases slightly in November
Nationwide today released their House Price Index (HPI) for November headlined ‘Annual price growth slowed further in November.’ Annual house price growth slowed slightly to 4.4%, from 4.6% in October. House prices increased by 0.1% month on month in November. Commenting on the figures, Robert Gardner, Nationwide’s Chief Economist, said: _UK house prices increased…
Read MoreMortgage approvals ticked up a little in October
The BBA last week published a news report in the BBA Voice sectionÿ headlined ‘Confident consumers key to post-referendum economic performance High Street Banking Statistics, October 2016’ In a section of the news report it interestingly states:ÿ Mortgage approvals ticked up a little in October.ÿ There has, however, only been a relatively modest increase in…
Read MoreMortgage approvals at lowest for 18 months
According to figures out yesterday from The Bank of England (BoE) the number of mortgages approved by banks and building societies is at its lowest for 18 months. New mortgages approved in July totalled 60,912 down from 64,512 in June, the lowest total since Januray 2015 and a 12.4% drop in the number of mortgage…
Read MoreUK Mortgage approvals at lowest for over a year
Figures out from the Bank of England (BoE) at the end of last week showed that UK mortgage approvals fell to their lowest level in more than a year in June. This added to the suggestion that the housing market had slowed down prior to the EU referendum, demand had already weakened since the stamp…
Read MoreMortgage approvals down on the average in May
The Money and Credit statistical release for May 2016 released yesterday by the Bank of England (BoE) stated the following re Mortage Approvals: The number of loan approvals for house purchase was 67,042 in May, compared to the average of 70,598 over the previous six months. The number of approvals for remortgaging was 42,919, compared…
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