The Council of Mortgage Lenders (CML) is expecting “further modest volatility” in the UK housing market in the coming months.
The comment came as the body revealed a 6% rise in gross mortgage lending in February (to £9.2 billion) compared with January.
Given that the end of the stamp duty holiday distorted lending figures considerably in both [...]
In its latest round-up of UK mortgage statistics, the Financial Services Authority has reported a fall in the number of homeowners in arrears.
In the final quarter of 2009, 378,000 households were behind with their monthly repayments (at a level equivalent to 1.5% of their outstanding balances).
The figure is down 4% on the previous quarter [...]
The full extent of UK mortgage fraud in the lead up to the credit crisis is probably as yet unknown and signs of economic recovery have prompted the National Fraud Authority (NFA) to remind lenders that they must continue to combat the crime.
According to the NFA, almost £144 billion was loaned in mortgages in 2009, [...]
New research from Moneyfacts.co.uk claims there has been a 70% rise in the number of mortgage products available in just under a year.
According to the financial website, borrowers now have 2,053 deals to choose from, compared with 1,209 in April 2009, when the figure bottomed out.
Furthermore, a significant boost has occurred since the beginning of [...]
Lloyds Banking Group is inviting its standard variable rate (SRV) mortgage customers to increase their monthly repayments.
Under a new scheme that will run for a year, borrowers can overpay by up to 20% without incurring a financial penalty.
Research by the bank, which is the UK’s biggest mortgage lender, suggests over 63% of mortgage customers would [...]
There were 49% fewer house purchase loans approved in January than in December, the Council of Mortgage Lenders (CML) has reported.
According to the body, the steep decline “emphatically demonstrates” the impact of the end of the stamp duty holiday, in December.
First-time buyers recorded the largest drop among house purchasers: in January, approvals were down to [...]