Gross 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…

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Overall 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,…

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UK Finance response to Treasury Minister

UK Finance has responded to a letter from Economic Secretary to the Treasury John Glen MP to the Treasury Committee on ‘mortgage prisoners’, which states that  “exploring solutions” for customers with inactive lenders is a top priority. Jackie Bennett, Director of Mortgages at UK Finance, commented: “We strongly support the Government’s commitment to explore potential solutions for…

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Mortgage Market softens according to UK Finance

UK Finance’s latest Mortgage Trends Update for September 2018 headlines ‘Mortgage Market Softens Following Period Of Strong Growth. Commenting on the data, Jackie Bennett, Director of Mortgages at UK Finance, said: “Overall remortgaging for both residential and buy-to-let properties have levelled out after a period of strong growth. This reflects the number of fixed rate…

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The mortgage market softened slightly in September according to UK Finance

The latest UK Finance’s Household Finance Update for September 2018 reveals that gross mortgage lending across the residential market in September was £21.5bn, some 1.2 per cent lower than last September. Commenting on the data, Eric Leenders, Managing Director of Personal Finance, UK Finance, said:                          “The mortgage market softened slightly in September, following strong remortgaging…

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First-Time Buyer numbers for August reaches highest level in over a year according to UK Finance

UK Finance’s latest Mortgage Trends Update for August 2018 headlines ‘Number of First-Time Buyers Reaches its Highest Level since June 2017’. The update reveals that there were 35,500 new first-time buyer mortgages and 38,000 new homemover mortgages completed in the month of August. Commenting on the data, Jackie Bennett, Director of Mortgages at UK Finance, said:…

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Help in navigating the development finance process and accessing the funding for SME housebuilders

SME housebuilders are to be given help in navigating the development finance process and accessing the funding they need, following the publication of a new guide by UK Finance and the Federation of Master Builders (FMB). The guide offers practical advice to smaller housebuilders on how they should present their project to lenders to improve their chances…

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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…

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UK Finance response to the Prime Minister’s speech at the NHF Summit

UK Finance response to the Prime Minister’s speech  at the National Housing Federation Summit, where she announced £2bn of additional funding for housing associations. Jackie Bennett, Director of Mortgages at UK Finance, said: “Today’s announcement provides much needed certainty regarding the government’s commitment to the social housing sector, enabling housing associations and their private funders to plan…

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Strongest remortgaging market in a decade according to UK Finance

Latest UK Finance’s Mortgage Trends Update for July 2018 released September headlines ‘Residential Remortgaging market sees strongest July in decades’. The update reveals that there were 46,900 new homeowner remortgages completed in the month, The £8.7bn of remortgaging in the month was 26.1 per cent more year-on-year. Commenting on the data, Jackie Bennett, Director of…

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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…

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Remortgaging continued to dominate in June according to UK Finance

Latest news release from UK Finance dated 14th August 2018 headlines ‘House purchase activity slows in June but remortgaging activity remains high’. Commenting on the data, Jackie Bennett, Director of Mortgages at UK Finance said: “Remortgaging continued to dominate in June with borrowing figures up 13 per cent on the same period last year as…

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