Posts Tagged ‘UK Finance’
Steady 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 MoreIncreasing numbers of first-time buyers help build mortgage activity according to UK Finance
Latest UK Finance news – Update on lending – December 2017. UK Finance estimate gross mortgage lending in November was £23.1 billion, 9 per cent higher than a year earlier, with 60 per cent of all new lending provided by High Street banks. Commenting on the data, Managing Director of Commercial and Personal Finance Eric…
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 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 MoreBorrowing by home movers grows strongly in third quarter in London according to UK Finance
News report with data out today from UK Finance headlines ‘Lending in London grew strongly in third quarter’. Uk Finance report that in the third quarter of 2017 in London home buyers borrowed £6.74 billion for house purchase, up 10 per cent quarter-on-quarter and 13 per cent year-on-year. First-time buyers borrowed £3.31 billion, up seven…
Read MoreUK Finance response to Autumn Budget 2017
Responding to the Chancellor’s budget, Stephen Jones, Chief Executive, UK Finance said: “At a time when there is still much uncertainty about the nature of the UK’s relationship with the EU and the impact this will have on future cross-border trade this was rightly a Budget focused on investing in UK plc. “Today’s announcements start…
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 MoreSmall rise in mortgage possessions according to UK Finance
In a press release from UK Finance yesterday 9th November 2017 they reveal that: Mortgage arrears fall in the third quarter but possessions edge upwards. They state: The number of mortgages in arrears of 2.5 per cent or more of the outstanding balance fell again in the third quarter of 2017, but cases of possession…
Read Morehousing market activity has built up modest momentum since the start of the year says UK Finance
UK Finance today updates on lending for September 2017. UK Finance estimates gross mortgage lending in September to be £21.4 billion, 5% higher than a year ago. Nearly two-thirds of this lending, or £13.7 billion, was carried out by High Street Banks. Commenting on the data, UK Finance’s Senior Economist Mohammad Jamei said: “As we near…
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 MoreJoint report on UK and Irish Housing Markets:
A joint research report, recently published by UK Finance and the Banking and Payments Federation Ireland (BPFI). The report, UK and Irish Housing Markets: A First Time Buyer Perspective. Themes explored in the report are: First-time buyers in both the UK and Ireland are suffering similar effects of the financial crisis, but in the last…
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 MoreSteady levels of mortgage activity continued into July says UK Finance
Latest news release from UK Finance 25th August 2017- High Street Banking and Gross Mortgage Lending data July 2017 UK Finance estimates that overall gross mortgage lending in July was £23.0 billion. Accounting for seasonal factors, this figure is above the average lending figures seen over the past year. First-time buyers and remortgage activity on…
Read MoreLondon is seeing more demand from large deposit buyers says Robert Sexton
Comment from Richard Sexton, director at e.surv, on the UK Finance Regional Mortgage Trends. “Some parts of the country prove to be more fruitful for small deposit buyers, particularly Northern Ireland. Our own Mortgage Monitor data echoes this, with latest numbers showing they count for over a quarter of lending in the nation as well…
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