Posts Tagged ‘mortgage lending’
WEEKLY NEWS ROUNDUP – 14/01/2022
A roundup of the week’s top property and proptech news stories in partnership with Proptech-X Online agent Strike gets £11m more cash to burn OnTheMarket deepens partnership with Sprift prospecting tool SmartMail Where is mortgage lending going to end up? There’s a new sheriff in town, the great leveller Michael Gove Online agent Strike…
Read MoreGross mortgage lending across the residential market in November was £23.1bn according to UK Finance
Latest UK Finance’s Household Finance Update – November 2018 reveals that gross mortgage lending across the residential market in November was £23.1bn, 2.0 per cent lower than November 2017. The number of mortgages approved by the main high street banks in November was 10.6 per cent lower than November 2017; approvals for house purchase were…
Read MoreOverall mortgage lending grew in October according to UK Finance
Latest UK Finance’s Household Finance Update for October 2018 reveals that gross mortgage lending across the residential market in October was £25.5bn, some 5.6 per cent higher than last October. Commenting on the data, Eric Leenders, Managing Director, Personal Finance at UK Finance, said: “Overall mortgage lending grew in October, despite an uncertain economic environment,…
Read MoreJuly saw steady growth in mortgage lending according to UK Finance
The latest UK Finance’s Household Finance Update for July 2018 reveals: Gross mortgage lending for the total market in July was £24.6bn, some 7.6 per cent higher than a year earlier. The number of mortgage approvals by the main high street banks in July fell by 0.8 per cent compared to the same month a…
Read MoreAnnual growth rate of mortgage lending was unchanged in June at 3.2% according to BOE
Bank of England (BoE) statistical news release – Money and Credit – June 2018 published today 30th July 2018. The annual growth rates of consumer credit and mortgage lending were unchanged in June, at 8.8% and 3.2% respectively according to BoE. Mortgage Lending from the news release. In June, the annual growth rate for mortgage…
Read MoreGrowth in mortgage lending continues to be driven by remortgaging according to UK Finance
UK Finance latest Household Finance Update – June 2018 reveals that estimated gross mortgage lending for the total market in June is £23.5bn, 2.1 per cent higher than a year earlier. The number of mortgage approvals by the main high street banks in June fell by 2.1 per cent compared to the same month a…
Read MoreGross mortgage lending in February is estimated to have been £19bn according to UK Finance
Latest UK Finance update on lending for February 2018. UK Finance reveals: Gross mortgage lending in February is estimated to have been £19bn, 4.9 per cent more than a year earlier but below the monthly average of £21.4bn for 2017. Remortgage approvals in the month are up over 9 per cent in both number and…
Read MoreGross mortgage lending in January increased by almost 10 per cent compared to the same period last year reveals UK Finance
Today UK Finance released update on lending for January 2018. The update revealed that gross mortgage lending in January is estimated to have been £21.9bn, 9.7 per cent more than a year earlier and slightly above the monthly average of £21.4bn for 2017. see other highlights…. Commenting on the data, Eric Leenders, Managing Director, Personal…
Read MoreWeaker figures for mortgage lending in December 2017 according to UK Finance
Latest news release from UK Finance headlines ‘First-time buyers in 2017 reach decade-high but market cools in December’ UK Finance states: Mortgage lending for first-time buyers, home movers and buy to let purchases all fell in December 2017 compared to the previous year, UK Finance’s latest mortgage trends update reveals. However, 2017 overall saw the…
Read MoreMortgage lending for house purchase in July was lower than in the preceding month according to UK Finance
UK Finance data shows that mortgage lending for house purchase in July was lower than in the preceding month but higher than a year earlier. First-time buyer lending increased year-on-year. Remortgaging by home owners increased both month-on-month and year-on-year. Commenting on the data, UK Finance’s Head of Mortgages Policy June Deasy said: “Remortgaging strengthened in…
Read MoreMortgage lending rose in May
The UK Finance press release yesterday headlines ‘Home buyers up 12% in May compared to April’. May mortgage lending trends show month-on-month and year-on-year increases in house purchase, buy-to-let and remortgage activity. On a non-seasonally adjusted basis, UK Finance data shows that mortgage lending in May rose. In May home buyers borrowed £10.8bn, up 10%…
Read MoreCAN FINANCIAL SERVICES PLUG THE GAP AS THE MARKET SLOWS?
Recent stats from the CML show that last year 360,000 people moved homes, meaning the number has stayed roughly flat for three year. In some areas, such as greater London, the number of home movers fell to their lowest levels for 25 years, highlighting the acuteness of this issue. While agents across the UK are…
Read MoreMortgage lending and approvals fell back in June
The British Bankers Association (BBA) news article released 26th July headlined ‘June 2016 figures for the High Street Banks’ Dr Rebecca Harding, BBA Chief Economist, said: “This month’s High Street Banking data reflects the uncertainty that was felt ahead of the EU referendum. “Business borrowing in June dropped for the first time in 2016, signalling…
Read MoreMortgage 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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