Posts Tagged ‘mortgages’
Remortgaging continued to dominate in August according to UK Finance
UK Finance Household Finance Update – August 2018 published today. The update reveals that gross mortgage lending for the total market in August was £24.1bn, some 1.2 per cent lower than a year earlier. Commenting on the data, Peter Tyler, Director, UK Finance, said: “Remortgaging continued to dominate in August, as homeowners took advantage of…
Read MoreAcross UK 4.8 million people could become landlords in 2018 according to Sainsbury’s Bank
New research from Sainsbury’s Bank Mortgages indicates that almost one in 10 (9%) UK adults have shown an interest in taking out a Buy to Let (BTL) mortgage in 2018. This means that across the UK, 4.8 million people could become landlords in 2018. David Buxton, Head of Banking at Sainsbury’s Bank, said: “With demand…
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 MoreAn increase in total gross advances by 3.3% to £62.4 billion compared to last year according to BoE report.
Bank of England (BoE) – Mortgage Lenders and Administrators Statistics -2018 Q1 published 12th June 2018. Compared to last year, there has been an increase in total gross advances by 3.3% to £62.4 billion. Comparing gross advances to Q4 2017 however, there has been a decrease of 9.6%. The value of new commitments was £61.1…
Read MoreUK FINANCE REVEALS NUMBER OF INTEREST-ONLY MORTGAGES HALVES IN SIX YEARS
The number of interest-only mortgages has almost halved in the past six years, UK Finance figures reveal. There are currently 1.7 million outstanding interest-only mortgages (including partial interest-only), down 46 per cent since 2012. Commenting on the data, Jackie Bennett, Director of Mortgages at UK Finance, said: “The number of outstanding interest-only loans has halved…
Read MoreSmall increase in lending to first-time buyers in March according to UK Finance
Latest UK Finance Mortgage Trends Update for March 2018 headlined ‘Remortgaging Market Softens In March After Busy Start To The Year.’ UK Finance’s Mortgage Trends Update for March 2018 has revealed a small increase in lending to first-time buyers compared to a year earlier, while remortgaging levels softened slightly after a busy start to the…
Read MoreParagon highlights the changes in behaviour of both landlords and lenders as tax changes begin to bite
Paragon Q1 2018 PRS Trends survey report highlights a number of interesting changes in behaviour of both landlords and lenders as regulatory and fiscal changes begin to bite the buy-to-let sector. Research revealed that in the first qtr of 2018 portfolio landlords (6-20) properties increased in number from 35% to 39%, while those landlords with…
Read MoreMortgages now at their most affordable level in a decade according to Halifax
Mortgages in the UK have reached their most affordable level in a decade, according to new research from Halifax. The latest Halifax Affordability Review reveals that homeowners spend less than a third of disposable income on mortgage payments, the lowest affordability in 10 years since market peak of 48% in 2007. The significant improvement in…
Read MoreBubbly London prices slowly deflating according to Home.co.uk
The latest Home.co.uk Asking Price Index report – March 2018 released today headlines ‘North West Prices March On Up’ The report reveals: Strong price growth in the North West, East Midlands, East and Yorkshire., however London prices slide yet again and South East prices stall. Doug Shepherd, Dircetor at Home.co.uk said: “Ultra-low interest rates have…
Read MoreMortgage approvals decreased in December according to Bank of England
Statistical release published today from Bank of England – Money and Credit: December 2017. Lending to Individuals. Mortgage approvals decreased in December, with falls for both house purchase and remortgaging approvals. House purchase approvals were the weakest since January 2015 and remortgaging approvals fell to 46,475, following strength in October and November. Read the statistical…
Read MoreSteady increases in house purchase lending and homeowner remortgaging in November 2017 according to UK Finance
The latest Mortgage Trends update for November 2017 from UK Finance released 16th January 2018 headlines ‘Mortgage Market activity bouyant during November 2017.’ The update reveals steady increases in mortgage lending for first-time-buyers and home movers compared to the previous month and the equivalent period in 2016. Commenting on the data Paul Smee, Head of…
Read MoreMortgage approvals rose in November driven by remortgaging according to Bank of England
Bank of England monthly Money and Credit statistical release published 4th January 2017 – November 2017. Lending to individuals data to the end of November 2017 include: Secured net lending remained stable in November at £3.5bn, broadly in line with the average seen since 2016. Mortgage approvals rose in November, driven by a continuing increase…
Read MoreNumber of loans for remortgaging have been at record levels over last year says UK Finance
Recent statistical report from UK Finance headlines ‘Remortgaging boost continued in October’ The report reveals that non-seasonally adjusted data released by UK Finance 12th October 2017 shows that the number and value of loans for remortgaging and for house purchases rose in October in comparison with a month ago and with the same period in…
Read MoreRemortgaging was particularly strong in September says UK Finance
Latest press release from UK Finance 14th November 2017 headlined ‘Prospect of rate rise boosted remortgaging in September’. On a seasonally adjusted basis, lending to first-time buyers and movers in September was higher than in August, and there were year-on-year increases by volume and value. UK Finance data shows home buyers borrowed £38.2 billion in…
Read MoreNumber of BTL mortgages available now at 10 year high
The number of buy-to-let mortgages available has risen to its highest level in almost 10 years according to figures taken from the latest Moneyfacts UK Mortgage Trends Treasury Report. The latest Moneyfacts UK Mortgage Trends Treasury Report, due to be published later this week, show that the number of buy-to-let (BTL) products has increased by…
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