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20/08/2014
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.
Saying that mortgage activity "remained robust" the Council of Mortgage Lenders (CML) Market and data analyst Caroline Offord added: "Property transactions in the first half of the year showed a 25% increase compared to the same period a year ago but, as set out in our recent market forecast update, we expect that intensifying affordability pressures could start to dampen this upwards trend.
"Economic conditions have strengthened but while the Bank of England has signalled an improved economic outlook since May, headwinds remain and the message about future rate rises being measured and gradual remains unchanged."
(MH/CD)
Saying that mortgage activity "remained robust" the Council of Mortgage Lenders (CML) Market and data analyst Caroline Offord added: "Property transactions in the first half of the year showed a 25% increase compared to the same period a year ago but, as set out in our recent market forecast update, we expect that intensifying affordability pressures could start to dampen this upwards trend.
"Economic conditions have strengthened but while the Bank of England has signalled an improved economic outlook since May, headwinds remain and the message about future rate rises being measured and gradual remains unchanged."
(MH/CD)
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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.
13 September 2010
Mortgage Market Still 'Subdued'
Demand for mortgages remained weak in July, according to the latest figures released by the Council of Mortgage Lenders. The new figures showed that there were 56,000 loans for house purchase advanced in July, an increase of 7% from the previous month.
Mortgage Market Still 'Subdued'
Demand for mortgages remained weak in July, according to the latest figures released by the Council of Mortgage Lenders. The new figures showed that there were 56,000 loans for house purchase advanced in July, an increase of 7% from the previous month.
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.
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 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).
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