Posts Tagged ‘mortgages’
Virgin Money partners with Countrywide
News release from Countrywide 18th August 2017 headlined ‘Virgin Money partners with Countrywide to support bottowers fro New Build, Custom Build and Shared Ownership properties.’ Countrywide Surveying Services has been appointed by Virgin Money as its valuation services partner to support borrowers for New Build, Custom Build and Shared Ownership properties. Commenting on the new…
Read MoreHouse Price growth remains broadly stable in July according to Nationwide HPI
Nationwide House Price Index (HPI) July report released today headlines ‘House price growth broadly stable in July.’ Annual house price growth in July was at 2.9%, slightly down on June at 3.1%. There was only a modest increase month on month at 0.3%. Commenting on the figures, Robert Gardner,Nationwide’s Chief Economist said: “The annual pace…
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 MoreGross mortgage borrowing totalled £13.3 billion in May according to BBA
The BBA’s latest data from the high street banks for May 2017 released today shows gross mortgage borrowing in May totalled £13.3bn much in line with recent months and 9% higher than a year before.. Net mortgage borrowing was 2.4% higher than a year ago. House purchase approval numbers in May of 40,347 were 3.3%…
Read MoreHouse purchase approvals broadly reflect a steady housing market says BBA
The latest statistical news release from the BBA ‘March 2017 figures for the high street banks’ released 28th April 2017. The BBA states: Gross mortgage borrowing in March totalled £13.2bn much in line with recent months. Net mortgage borrowing in March was 2.2% higher than a year ago. House purchase approval numbers of 41,061 were…
Read MoreLoans for house purchase at a near 2 year low in January according to CML
New data for January released yesterday by the Council of Mortgage Lenders (CML) headlined ‘Home buying activity declines in January’. In January, home buyers borrowed £8.4bn, first-time buyers borrowed £3.6bn for home-owner house purchase, home movers borrowed £4.9bn. In the report CML stated: The number of loans advanced for house purchase in January was at…
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 MoreEquity release market hits all-time high in 2016
A recent press release from Keyretirement.co.uk highlighted that retired homeowners withdrew more than £2.1 billion of property wealth last year 2016. New analysis from leading over-55s finance specialist Keyretirement.com reveals that the equity release market hits new all-time high in 2016 after fifth year of growth. Dean Mirfin, technical director at Key Retirement (www.keyretirement.com), said: …
Read MoreMortgage approvals at 8 month high in November
UK mortgage approvals rose to an eight-month high in November, a rise of 0.19% from October, according to Bank of England (BoE) lending statistics out today. Lending secured on dwellings increased by £3.2bn in November, broadly in line with the average over the previous six months. The number of approvals for remortgaging hit an eight…
Read MoreDeal on mortgages for Armed Forces
Recent announcement published 26th December 2016 from Ministry of Defence and Mark Lancaster TD MP on Gov.uk website headlined ‘Boxing Day deal on mortgages for Armed Forces’. Personnel redeployed within the UK will now be able to rent out their homes without facing higher costs or having to change their mortgage. Defence Minister Mark Lancaster…
Read MoreParagon Group report strong results in a transitional year
The Paragon Group of Companies PLC the specialist lender and banking group last week announced its full year results for the year ended 30 September 2016. Commenting on the results, Nigel Terrington, Chief Executive of Paragon, said: “I am pleased to report a strong set of results in which we significantly increased revenue, strengthened net…
Read MoreSigns of Underlying weakness in housing market
The BBA today released the September 2016 figures for the high street banks. Gross mortgage borrowing of £12bn in the month was 2% lower than in September 2015, net mortgage borrowing is 2.6% higher than a year ago. House purchase approval numbers are 15% lower than in September 2015 and in the first nine months…
Read MoreStatistics point to a softer housing market says BBA
Report out today from the BBA headlines ‘August 2016 figures for the high street banks’ House purchase approval numbers are 21% lower than in August 2015 but in the first eight months of 2016 they are 2% lower than in the same period of 2015. Remortgaging approvals were 6% lower than in August 2015 but…
Read MoreNationwide HPI August
The Nationwide House Price Index (HPI) released today headlines ‘Slight pickup in house price growth in August’ House prices increased by 0.6% in August up from 0.5% in July. Annual house price growth increased to 5.6%, from 5.2% in July. Commenting on the figures, Robert Gardner, Nationwide’s Chief Economist, said: “UK house prices increased by…
Read MoreFirst-Time buyer numbers increase first half 2016
The numbers of first-time buyers made up 47 per cent of the mortgage market in the first half of 2016, that was an increase of an estimated 10 per cent year on year, according to Halifax. Chris Gowland, Mortgages Director at Halifax, said: “There was a further increase in the number of first-time buyers in…
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