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20/10/2009
Mortgage Lending 'Dropping'
Gross mortgage lending totalled an estimated £12.5 billion in September, a 2% rise from the £12.3 billion in August - but down 27% from September 2008 - according to new data from the Council of Mortgage Lenders (CML).
Gross lending in the third quarter of 2009 was an estimated £38.9 billion, an 18% increase from the second quarter and down 36% from the third quarter of last year.
CML Economist Paul Samter said: "House buying activity is running at considerably higher levels than around the turn of the year.
"However, it remains weak on any historic comparison and is unlikely to rise much further given the constraints the lending community faces and a still difficult economic backdrop."
Behind the improvement from August to September and the relative stability of recent months is the balance between the types of lending taking place - there has been a pick up in house purchase activity, but this is off-set by the decline in remortgaging.
Mr Samter continued: CML Economist Paul Samter said: "House buying activity is running at considerably higher levels than around the turn of the year.
"However, it remains weak on any historic comparison and is unlikely to rise much further given the constraints the lending community faces and a still difficult economic backdrop."
(CD/BMcC)
Gross lending in the third quarter of 2009 was an estimated £38.9 billion, an 18% increase from the second quarter and down 36% from the third quarter of last year.
CML Economist Paul Samter said: "House buying activity is running at considerably higher levels than around the turn of the year.
"However, it remains weak on any historic comparison and is unlikely to rise much further given the constraints the lending community faces and a still difficult economic backdrop."
Behind the improvement from August to September and the relative stability of recent months is the balance between the types of lending taking place - there has been a pick up in house purchase activity, but this is off-set by the decline in remortgaging.
Mr Samter continued: CML Economist Paul Samter said: "House buying activity is running at considerably higher levels than around the turn of the year.
"However, it remains weak on any historic comparison and is unlikely to rise much further given the constraints the lending community faces and a still difficult economic backdrop."
(CD/BMcC)
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Mortgage Lending Begins To Rise
Gross mortgage lending was an estimated £11.5 billion in March, a 16% rise from £9.9 billion in February but a 52% decline from £24.2 billion in March 2008, according to new data from the Council of Mortgage Lenders (CML).
20 October 2004
Mortgage lending study points to property market slowdown
Mortgage lending has dipped again for the second consecutive month, indicating that the housing market is cooling off. According to the Council of Mortgage Lenders, there was a 4% drop in gross lending between August and September. Last month saw gross lending hit £25.
Mortgage lending study points to property market slowdown
Mortgage lending has dipped again for the second consecutive month, indicating that the housing market is cooling off. According to the Council of Mortgage Lenders, there was a 4% drop in gross lending between August and September. Last month saw gross lending hit £25.
20 September 2010
Mortgage Lending Numbers Falls Again
August has signified a deteriorating property market with a 10-year low in Mortgage lending. According to the Council of Mortgage Lenders, gross mortgage lending fell 14% to stand at £11.4bn from July - the lowest level for August since 2000.
Mortgage Lending Numbers Falls Again
August has signified a deteriorating property market with a 10-year low in Mortgage lending. According to the Council of Mortgage Lenders, gross mortgage lending fell 14% to stand at £11.4bn from July - the lowest level for August since 2000.
20 August 2014
Mortgage Lending At Six Year High - CML
Mortgage lending has hit a six year high with £19.1 billion being lent in July, an increase of 7% from the previous month and a 15% rise from July last year.
Mortgage Lending At Six Year High - CML
Mortgage lending has hit a six year high with £19.1 billion being lent in July, an increase of 7% from the previous month and a 15% rise from July last year.
20 June 2006
May mortgage lending 'second highest on record'
Gross mortgage lending reached £28.7 billion in May - the second-highest monthly figure on record - according to the Council of Mortgage Lenders. Lending was 18% higher than in April and nearly 30% higher than in May last year. The CML said that it was the strongest May figure on record and only 0.5% below the record for a single month - £28.
May mortgage lending 'second highest on record'
Gross mortgage lending reached £28.7 billion in May - the second-highest monthly figure on record - according to the Council of Mortgage Lenders. Lending was 18% higher than in April and nearly 30% higher than in May last year. The CML said that it was the strongest May figure on record and only 0.5% below the record for a single month - £28.
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