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18/10/2001
Mortgage lending drops following previous record month
Mortgage lenders have reported a fall in demand for home loans in September.
The Council of Mortgage Lenders (CML) said mortgage lending by banks and building societies fell to £14.3bn last month, from a record £16.5bn in August, however the CML said that the fall reflected a typical autumn lending drop, rather than a slide in consumer confidence in response to the terrorist attacks on the United States.
In a separate report, the British Bankers' Association (BBA) also revealed a fall in lending growth, to £3.67bn last month compared with £4.03bn in August.
The mortgage reports came as a separate survey, by the Royal Institution of Chartered Surveyors (RICS), showed a sharp fall in demand for UK commercial property. One in three chartered surveyors suffered a drop in business as the weak economic outlook has made companies careful about launching new ventures, the RICS said.
The RICS also said that more landlords than ever were being forced to increase incentives in a bid to attract tenants as demand for both offices and shops wanes, the report said. (MB)
The Council of Mortgage Lenders (CML) said mortgage lending by banks and building societies fell to £14.3bn last month, from a record £16.5bn in August, however the CML said that the fall reflected a typical autumn lending drop, rather than a slide in consumer confidence in response to the terrorist attacks on the United States.
In a separate report, the British Bankers' Association (BBA) also revealed a fall in lending growth, to £3.67bn last month compared with £4.03bn in August.
The mortgage reports came as a separate survey, by the Royal Institution of Chartered Surveyors (RICS), showed a sharp fall in demand for UK commercial property. One in three chartered surveyors suffered a drop in business as the weak economic outlook has made companies careful about launching new ventures, the RICS said.
The RICS also said that more landlords than ever were being forced to increase incentives in a bid to attract tenants as demand for both offices and shops wanes, the report said. (MB)
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Mortgage lending shows strong growth
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28 January 2005
Mortgage lending expected to remain 'subdued'
Mortgage approvals fell by over a third last month, new figures from the British Bankers' Association have shown. The BBA reported that house purchase loans were 38% lower by number and 31% lower by value in December.
Mortgage lending expected to remain 'subdued'
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