The Council of Mortgage Lenders (CML) has reported a year-on-year rise in the gross figure for mortgage lending last month. December 2011 saw approximately £11.7 billion worth of funding issued in terms of mortgages, which was a drop of 12% from £13.2 billion in November. However, it was up 12% on December 2010′s £10.5 billion. [...]
The Halifax has been doing more house price related research, and has declared that according to its bean counters, mortgages are now at their most affordable levels since 1997. Of course, unlike 1997, you can’t get a mortgage (or one of the affordable ones, certainly) without forking out a huge deposit which most people don’t [...]
The Council of Mortgage Lenders (CML) has forecast that more homes in the UK will be repossessed in 2012 than were repossessed this year. The CML predicts that there will be 45,000 repossessions next year, up by 20 percent over the 37,000 homes that were repossessed this year. Even with the jump, repossessions will remain [...]
Mortgage lender Halifax is predicting that house prices will not change significantly in 2012, bucking trends for forecasts that suggest the price of a house will drop by at least five percent next year. It its forecast Halifax, which is part of Lloyds Banking Group (LSE: LLOY), says it expects that prices will remain fairly [...]
New data from the Bank of England shows that homeowners paid off a record £9.1 billion of their home mortgages in the second quarter of 2011, the three months ending in June. It was the most paid back on mortgages in a quarter since the Bank began keeping records in 1970. During the quarter, homeowners [...]
HSBC (LSE: HSBA) has announced a 3.84 percent two-year, no-fee mortgage deal available to first-time buyers who can come up with a 10 percent deposit. The bank claims the deal is the only one available to first-time buyers with such a low deposit for a rate under 4 percent. Head of mortgages at HSBC, Peter [...]
New data from the British Bankers’ Association (BBA) on loans was mixed as loans to non-financial companies were down in October and credit card repayments were again higher than new credit card spending, but the number of new mortgages approved for house purchases and for remortgages were both up in October. The BBA said that [...]
Prime Minister David Cameron has announced a plant to get the housebuilding sector moving again and more first-time home buyers into homes. In order to do this, the government will offer a mortgage indemnity scheme which will see the government backing a portion of loans for first-time buyers that will allow those buyers to borrow [...]
The Council of Mortgage Lenders (CML) has released new data showing that lending for home purchases was down by 4 percent on October over September, although it was up 16 percent over October 2010. £13.1 billion was lent in October, down from £13.7 billion in September but up from just £11.6 billion in October of [...]
The British Bankers’ Association said Tuesday that while gross mortgage lending was up in September, largely due to the buy-to-let market, but that the number of mortgages approved for house purchases were down in September to a three-month low of 33,130, fewer than the 35,069 granted n August. Approvals were down 6 percent from August [...]
