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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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28 August 2001
New mortgage demand set to fall following peak in applications
The British Bankers' Association (BBA) has revealed that the demand for new mortgages looks set to fall this autumn following a record level of mortgage lending last month.
New mortgage demand set to fall following peak in applications
The British Bankers' Association (BBA) has revealed that the demand for new mortgages looks set to fall this autumn following a record level of mortgage lending last month.
21 January 2002
‘Postcode curbs’ cause mortgage outcry on high street
A new system of mortgage lending based on postcode areas has sparked an outcry amongst high street banks.
‘Postcode curbs’ cause mortgage outcry on high street
A new system of mortgage lending based on postcode areas has sparked an outcry amongst high street banks.
20 January 2006
Mortgage lending shows strong growth
Mortgage lending was strong at the end of 2005, according to the latest figures from the Council of Mortgage Lenders. The CML said that an estimated £26.3 billion was lent to borrowers in December, a 25% increase on figures from the same month in 2004.
Mortgage lending shows strong growth
Mortgage lending was strong at the end of 2005, according to the latest figures from the Council of Mortgage Lenders. The CML said that an estimated £26.3 billion was lent to borrowers in December, a 25% increase on figures from the same month in 2004.
01 March 2002
Credit card spending slows as mortgage demand grows
Consumer borrowing slowed in January due to more moderate credit card spending after Christmas. Total lending to individuals, including mortgages, bank loans and credit card spending, grew by £6.9 billion in January, £200 million less than in December. Credit card spending and overdraft borrowing expanded by £1.6 billion, down from £2.
Credit card spending slows as mortgage demand grows
Consumer borrowing slowed in January due to more moderate credit card spending after Christmas. Total lending to individuals, including mortgages, bank loans and credit card spending, grew by £6.9 billion in January, £200 million less than in December. Credit card spending and overdraft borrowing expanded by £1.6 billion, down from £2.
20 May 2005
Fall in credit card debt reported
Credit card debt in the UK has dropped for the first time in over ten years, the British Bankers Association (BBA) has reported. The BBA reported a fall in net lending on credit cards of £40 million in April – the first fall in this category since May 1994.
Fall in credit card debt reported
Credit card debt in the UK has dropped for the first time in over ten years, the British Bankers Association (BBA) has reported. The BBA reported a fall in net lending on credit cards of £40 million in April – the first fall in this category since May 1994.
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