Posts Tagged ‘mortgage approvals’
How to get a mortgage if you have bad credit
If you have had a bit of a rocky credit history, getting a mortgage may seem like an impossible task. You don’t just need a decent income or a big deposit anymore. If you do have a less than perfect credit score, you are likely to be refused. But don’t fret, there are other ways…
Read MoreLSL Property Services AGM yesterday
LSL Property Services plc, a leading provider of residential property services incorporating both estate agency and surveying businesses, held its Annual General Meeting (AGM) yesterday in London. Market Backdrop as included in their AGM statement Market volumes, as measured by Bank of England Total Mortgage and Total House Purchase Approvals, have increased significantly in the…
Read MoreMortgage approvals in March are up.
The British Bankers Association today released March 2016 figures for the High Street Banks. Gross mortgage borrowing of £17.1 billion in March was 64% higher than a year ago and the highest borrowing since April 2008 following a reported sharp increase in purchase of buy-to-let and second homes, ahead of the increase in stamp duty on…
Read MoreBBA mortgage approvals (May)
The Mortgage Approvals published by the British Bankers Association measure the number of home loans issued by the BBA during the previous quarter. A Mortgage growth represents a healthy housing market. BBA Mortgage Approvals for (May) Previous 42.1K Actual 42.5K Richard Woolhouse, Chief Economist at the BBA, reportedly said:“Household borrowing remains robust and this…
Read MoreMortgage approvals for March
U.K. mortgage approvals unexpectedly fell in March, probably due to consumers being wary of purchasing a new home in the months before the general election. Approvals fell to 61,341 from 61,523 in February, the Bank of England reported today. Economists had forecast an increase to 62,400. With a less than a week until the general…
Read MoreSqueeze on non standard mortgage availability.
More news is out today that mortgage availability continues at a reduced level, those affected in the latest tightening of rules are the non standard mortgage applications where people wish to borrow in excess of 90% add this change to the maximum loan to income (LTI) ratio on which has dropped significantly according to the…
Read MoreMortgage approvals drop compared to same time last year.
As we approach the end of the year not such a cheery note as far as mortgage approvals are concerned, High street bank mortgage approvals were down 20 per cent in November compared with the year before, new figures from the British Bankers’ Association (BBA) research have shown. Along with the mortage figures also house…
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