Menu
21/01/2013
£2bn Increase In Mortgage Lending In 2012
Gross UK mortgage lending in the UK reached a total of £143bn in 2012, with £11.7bn being lent in December alone.
According to the Council of Mortgage Lenders (CML) the total is £2bn higher than 2011, and greater availability of mortgages at cheaper rates at the end of the year mean a continued pick-up is expected.
"We are more positive about the UK housing market and wider economy than a year ago, despite economic headwinds and downside risks," the BBC reported CML chief economist Bob Pannell as saying.
Adding: "House purchase activity was robust in the fourth quarter, on the back of better mortgage availability and pricing, and we expect this to continue over the coming months."
Gross lending in 2013 is forecast to reach £156bn.
(H/GK)
According to the Council of Mortgage Lenders (CML) the total is £2bn higher than 2011, and greater availability of mortgages at cheaper rates at the end of the year mean a continued pick-up is expected.
"We are more positive about the UK housing market and wider economy than a year ago, despite economic headwinds and downside risks," the BBC reported CML chief economist Bob Pannell as saying.
Adding: "House purchase activity was robust in the fourth quarter, on the back of better mortgage availability and pricing, and we expect this to continue over the coming months."
Gross lending in 2013 is forecast to reach £156bn.
(H/GK)
Related UK National News Stories
Click here for the latest headlines.
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.
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.
18 August 2011
Mortgage Lending Remains Subdued
Mortgage lending in July has remained virtually unchanged according to new data from the Council of Mortgage Lenders (CML). Gross mortgage lending was an estimated £12.6 billion, this is 1% lower than June’s gross lending figure of £12.68 billion and a 6% fall from £13.3 billion in July 2010.
Mortgage Lending Remains Subdued
Mortgage lending in July has remained virtually unchanged according to new data from the Council of Mortgage Lenders (CML). Gross mortgage lending was an estimated £12.6 billion, this is 1% lower than June’s gross lending figure of £12.68 billion and a 6% fall from £13.3 billion in July 2010.
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.
-
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.
