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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)
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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 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.
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.
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.
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