Gross mortgage lending increased in June, to an estimated £13.1 billion, with the total up 15% on a month earlier and 7% year-on-year, according to the Council of Mortgage Lenders (CML).
During the second quarter of the year lending stood at around £35 billion, having risen 17% compared with the previous three months and showing an [...]
Mortgage borrowers who moved home in May saw their mortgage interest payments accounting for the lowest proportion of income since the Council of Mortgage Lenders (CML) began collecting data, in 1975.
CML members made 27,100 loans to home movers, up 19% on a year earlier, while the proportion of income spent on mortgage interest stood [...]
The number of homeowners who saw their properties repossessed by lenders fell to a two-year low in the first three months of 2010.
New data from the Financial Services Authority put the total the number of repossessions at 10,500, down 11% on the final quarter of 2009.
In addition, new mortgage arrears declined by 2%, taking the [...]
Gross mortgage lending totalled an estimated £11.3 billion in May, the Council of Mortgage Lenders (CML) has reported.
The figure is up 7% from £10.5 billion in April, and 10% from £10.2 billion a year earlier.
While the mortgage market is more buoyant than a year ago, it remains “subdued”, according to the CML, with gross lending [...]
First-time buyers accounted for only 35% of all house purchase loans in April 2010, the lowest proportion since September 2007.
According to the Council of Mortgage Lenders (CML), the low market share is linked to the need for substantial deposits.
The lenders’ body comments: “Although there has been some increase this year in the number of [...]
Gross mortgage lending fell to an estimated £10.2 billion in April, down 12% from £11.6 billion in March and 1% from £10.3 billion in April 2009.
According to the Council of Mortgage Lenders (CML), a slight seasonal decline had been expected as Easter fell in April this year and gross lending remains broadly in line with [...]