Posts Tagged ‘remortgage’
Remortgaging in London reaches nine-year high
News update from UK Finance – Mortgage Trends in London Update for Quarter 2 2018 reveals remortgaging in London reached its highest level in nine years in the second quarter of this year as house purchase activity slows. There were 15,200 new homeowner remortgages in London completed in the second quarter, some 16.9 per cent…
Read MorePre-Summer boost for mortgage market according to UK Finance
Latest UK Finance Mortgage Trends Update for May 2018 headlines ‘Mortgage Market Sees Pre-Summer As Remortgaging Continues Strong Upward Trend’. The latest UK Finance Mortgage Trends Update reveals there were 32,200 new first-time buyer mortgages completed in the month, 31,100 new homemover mortgages completed in the month, 36,000 new homeowner remortgages completed in the month, …
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 MoreFlurry of remortgage activity in October according to UK Finance
UK Finance latest update on lending – November 2017 released end of last week for the month October 2017 reveals: Strength in remortgage activity amongst homeowners, alongside stronger first-time buyer numbers, are likely to have been the drivers of mortgage lending in October. Commenting on the data, UK Finance’s Senior Economist Mohammad Jamei said: ‘The anticipated…
Read MoreMortgage activity picked up in August according to UK Finance
The latest UK Finance data published 12th October 2017 shows that lending for house purchase was higher in August 2017 than in both the preceding month and a year earlier. On a seasonally adjusted basis, borrowing by first-time buyers and movers increased by both value and volume, according to UK Finance. First-time buyers borrowed £5…
Read MoreHousing market activity has been growing modestly since the start of the year according to UK Finance.
Market Commentary September 2017 published yesterday by UK Finance reveals estimate of gross mortgage lending for August is £24.2 billion, of which £15.1 billion was lent by High Street Banks. Accounting for seasonal factors, it is in the same ball park as monthly lending over the course of 2017. They state: Housing market activity has…
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 MoreEspecially high number of loans for first time buyers in June according to UK Finance
News release published by UK Finance yesterday 15th August 2017 headlined ‘First-time buyer activity continues to grow in June’ reveals, June mortgage lending trends show month-on-month and year-on-year increases in house purchase, buy-to-let and remortgage activity. On a seasonally adjusted basis, lending to first-time buyers and home movers remained relatively unchanged month-on-month, but there were…
Read MoreGross mortgage lending reached £20.1 billion in May estimates the CML
In a press release yesterday 22nd June: The Council of Mortgage Lenders (CML) estimates that gross mortgage lending reached £20.1 billion in May. This is a 12% increase on both April last month and on May last year, in which £17.9 billion was advanced. The CML’s buy-to-let forecast for 2017 and 2018 has been revised…
Read MoreFewer people choosing to move home according to Connells Survey and Valuation
The latest research from Connells Survey and Valuation shows that the number of valuations to sell have fallen steadily from 45% of the market in May 2010, down to just 27% in May 2017 as homeowners lack incentives to move. Research shows remortgaging now represents 23% of all valuations, representing a 2% increase month-on-month and…
Read MoreLondon house purchase activity decreased in the first quarter according to CML
Council of Mortgage Lenders (CML) press release today headlines ‘Home buyers in London down 19% in the first quarter compared to a year ago.’ New Council of Mortgage Lenders data reveals London house purchase activity decreased in the first quarter but remortgage lending continued a resurgence. In the first quarter, home buyers borrowed £5.4bn for house…
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 MoreEstimated gross mortgage lending March is 19% higher than previous month according to CML
The Council of Mortgage lenders (CML) gross mortgage lending estimate for March and market commentary published yesterday 20th April headlined ‘Gross mortgage lending increases 19% in March. The Council of Mortgage Lenders estimates that gross mortgage lending reached £21.4 billion in March. Gross mortgage lending for the first quarter of 2017 was therefore an estimated…
Read MoreGross mortgage borrowing in February higher than same month last year according to BBA
The BBA today released their February 2017 figures for the high street banks. It states: Gross mortgage borrowing of £13.4 billion in February was 4.6% higher than in the same month last year. After allowing for repayments, February’s net mortgage borrowing was 2.5% higher than in February 2016. House purchase approval numbers of 42,613 were…
Read MoreHousing market has been slowly building up momentum over the last few months according to CML
Press release today from the Council of Mortgage Lenders (CML) headlines ‘Gross mortgage lending £18.2 billion in February’. The Council of Mortgage Lenders estimates that gross mortgage lending reached £18.2 billion in February. Read the CML Gross Mortgage Lending release in full click here. In the Market Commentary report also released today it states: The…
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