Menu
20/09/2010
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.
Property website Rightmove reported that house prices fell for the third month running, while the CML's warned that activity remained "exceptionally" weak last month.
According to the CML, lending volumes are likely to remain below last year's level in the coming months as activity is buoyed by the upcoming end of the stamp duty holiday.
Bob Pannell, CML Chief Economist said: "We face the prospect of a difficult second half of the year.
"However, the Bank of England is likely to keep interest rates at record lows for longer to support the economy. This will continue to alleviate payment pressures for many borrowers."
(BMcN)
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.
Property website Rightmove reported that house prices fell for the third month running, while the CML's warned that activity remained "exceptionally" weak last month.
According to the CML, lending volumes are likely to remain below last year's level in the coming months as activity is buoyed by the upcoming end of the stamp duty holiday.
Bob Pannell, CML Chief Economist said: "We face the prospect of a difficult second half of the year.
"However, the Bank of England is likely to keep interest rates at record lows for longer to support the economy. This will continue to alleviate payment pressures for many borrowers."
(BMcN)
Related UK National News Stories
Click here for the latest headlines.
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.
21 May 2009
Mortgage Lending Falls By 9%
Mortgage lending declined to an estimated £10.4 billion in April, down 9% from £11.4 billion in March and 60% from £26.1 billion in April 2008, according to new data from the Council of Mortgage Lenders (CML). The CML said there is a slight fall for seasonal reasons as Easter fell in April this year, compared to March last year.
Mortgage Lending Falls By 9%
Mortgage lending declined to an estimated £10.4 billion in April, down 9% from £11.4 billion in March and 60% from £26.1 billion in April 2008, according to new data from the Council of Mortgage Lenders (CML). The CML said there is a slight fall for seasonal reasons as Easter fell in April this year, compared to March last year.
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 2013
Unexpected Surge In Mortgage Lending In May
The UK mortgage market has seen an unexpected boost, hitting its highest level in almost five years. In May mortgage lending stood at £14.7 billion, a 21% increase on April and a 17% increase on May last year, according to figures from the Council of Mortgage Lenders (CML).
Unexpected Surge In Mortgage Lending In May
The UK mortgage market has seen an unexpected boost, hitting its highest level in almost five years. In May mortgage lending stood at £14.7 billion, a 21% increase on April and a 17% increase on May last year, according to figures from the Council of Mortgage Lenders (CML).
20 June 2011
Mortgage Lending Boosted
Gross mortgage lending totalled an estimated £11.3 billion in May, according to new data from the Council of Mortgage Lenders (CML). This represented a 12% increase from the £10.1 billion lent in April and was 1% higher than in May 2010. Gross mortgage lending includes lending for both house purchase and remortgage.
Mortgage Lending Boosted
Gross mortgage lending totalled an estimated £11.3 billion in May, according to new data from the Council of Mortgage Lenders (CML). This represented a 12% increase from the £10.1 billion lent in April and was 1% higher than in May 2010. Gross mortgage lending includes lending for both house purchase and remortgage.
-
Northern Ireland WeatherToday:It will be cloudy again throughout the day. Mainly dry in the morning, but patchy drizzle in places, becoming more widespread and persistent in the afternoon. Freshening southwesterly winds. Maximum temperature 12 °C.Tonight:Cloudy with a spell of heavy rain pushing south through late evening and the early hours, followed by some clear spells. Minimum temperature 6 °C.
